Risk Management Association of India
Global body dedicated to education, research and development on Risk Management
Operational incidents can disrupt business processes, affect customers, create financial losses and expose organisations to regulatory and reputational consequences. A single operational incident can also reveal weaknesses in processes, controls, technology and risk management frameworks. The quality of an organisation’s Read More …
Vigilance in banking is often associated with investigations, disciplinary proceedings and action taken after misconduct has been detected. Its more important role, however, is preventive. An effective vigilance framework should identify vulnerable processes, unusual employee behaviour, control overrides and suspicious Read More …
In March 2025, IndusInd Bank disclosed discrepancies in account balances associated with its derivatives portfolio. An initial internal review estimated an adverse effect equivalent to approximately 2.35% of the bank’s net worth at 31 December 2024. An independent review subsequently Read More …
American Institute of Certified Public Accountants (AICPA) has entered into a partnership with National Centre for the Management of Institutions (NCMI) to enhance risk management and governance practices across organisations. According to the report, the collaboration aims to promote best Read More …
Branch Operations Internal Control Case Study Banking highlights how small gaps in daily branch processes can lead to significant operational and audit risks. Branch-level activities such as account opening, cash handling, reconciliation, and customer servicing involve multiple control checkpoints. When Read More …
Internal audit in banking has evolved from a compliance-focused function to a strategic pillar of risk management and governance. Modern audits go beyond identifying issues. They focus on understanding root causes, strengthening controls, and improving decision-making. However, many audit functions Read More …
Technology is increasingly playing a central role in aligning compliance, audit, and business functions, enabling organisations to move from fragmented oversight to integrated governance frameworks. As regulatory expectations intensify and business models become more complex, firms are leveraging digital tools Read More …
The construction sector serves as the backbone of the Indian economy, acting as a primary driver for infrastructure development and industrial growth. However, this sector is also one of the most volatile. Characterized by high capital intensity and exceptionally long Read More …
An effective enterprise risk management framework enables organizations to identify, assess, and manage risks across business units in an integrated and structured manner. Risk today is interconnected. Financial, operational, regulatory, technology, vendor, and strategic risks rarely operate in isolation. Therefore, Read More …
Incidents rarely begin as crises-they escalate due to delayed recognition, poor communication, or weak escalation discipline. This 4-hour practical course equips professionals to identify incidents early, respond calmly, escalate correctly, and convert failures into long-term improvements. Covering incident classification, early Read More …