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CAIIB RISK MNG LIVE Class 4 By Ashish Sir
What is the primary objective of Risk Management in banking as per RBI guidelines?
The primary objective is to identify, measure, monitor, and control various risks to ensure the bank's safety and soundness while optimizing risk-adjusted returns.
What is the difference between Risk Identification and Risk Assessment in banking?
Identification finds risks; assessment measures their likelihood and impact.
Which committee is responsible for overall risk management policy at the board level in a bank?
The Risk Management Committee (RMC) of the Board is responsible for overall risk management policy, setting risk appetite, and overseeing implementation of the risk framework.
What is the role of the Risk Management Committee of the Board (RMCB) in a bank?
RMCB oversees risk policy, appetite setting, and risk governance at board level.
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