SIDBI invites EoI for Basel II risk management system

Oct 02,2008 00:00 by saroja
Small Industries Development Bank of India (SIDBI) has invited Expressions of Interest (EoIs) from consultancy organisations to enable the company put in place Basel II compliant integrated risk management system for all its operations.

The consultant would have to review the entire risk management framework of SIDBI for its operations and suggest, design and implement approved Basel II compliant bank-wide integrated risk management systems, a SIDBI statement said

These include carrying out all necessary modifications to the existing risk management systems for credit, market and operational risks, provide necessary training to SIDBI officials and documenting the entire jobs carried out and providing suitable reference manuals to the bank, the statement added.

One of the criteria laid down by SIDBI is that the consultant must have undertaken at least one similar consultancy project in any scheduled commercial bank or in any all India financial institution in the last three years.

http://www.hindu.com/thehindu/holnus/006200810011906.htm