Thursday, November 15, 2007

'Maintaining balance between business opportunity in India and business opportunities overseas is a key challenge'

Risk management can be a competitive weapon in financial services
Good credit management in financial services is all about data and covers the entire value chain of credit origination, credit decision and credit management, says Mr Ashwani Puri, executive director, Pr icewaterhouseCoopers.
“The Basel II guidelines also require the use of internal rating models and credit risk models, which again are dependent on historical and portfolio data,” he adds, during a recent e-mail interaction with Business Line.
“Initiatives like CIBIL (Credit Information Bureau India Ltd), use of credit scoring models and reduced reliance on judgment would go a long way towards improving the credit origination qualities.”
Excerpts from the interview:

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