TOOLS OF RISK MANAGEMENT IN BANKING SECTOR WITH SPECIAL REFERENCE TO INDIA
Abstract
Risk Management in business is as old as Business Management. It is a technical subject. It is a normative science. It prescribes solutions to the problems rather than describing problems. Risk Management has four phases. They are: (a) Identification of Risk, (b) Measurement of Risk, (c) Monitoring and follow up action, and (d) Controlling of Risk.
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