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Crisis management Business Ethics & Corporate Governance & CSR
What is crisis management in the context of banking institutions?
Crisis management refers to the systematic process by which banks identify, assess, and respond to sudden adverse events—such as financial shocks, cyber attacks, or reputational damage—to minimise harm and restore normal operations quickly.
What is a Crisis Communication Plan in banking?
A structured plan to communicate with stakeholders during a crisis.
Which regulatory body in India issues guidelines on business continuity and crisis management for banks?
The Reserve Bank of India (RBI) issues guidelines on business continuity planning and crisis management through its circulars and master directions applicable to all scheduled commercial banks.
What is the 'golden hour' concept in crisis management?
The critical initial period requiring immediate decisive crisis response.
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