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Here is a step-by-step process of risk management: Identify the risk: The first step in risk management is to identify potential risks that could impact the organization. Analyze the risk: Once the risks are identified, the next step is to analyze the likelihood and impact of each risk. This can be done through risk assessments or by using various analytical tools and techniques. Evaluate the risk: Based on the analysis, the risks should be prioritized based on their severity and likelihood of occurrence. Treat the risk: After prioritizing the risks, the organization should develop and implement strategies to treat or mitigate the risks. Monitor and review: Risk management is an ongoing process, and it is essential to monitor and review the risk management strategies regularly
The RBI notified that District Central Co-operative Banks are allowed to close their unremunerative branches without prior permission of the central ban...
A PCA Framework for NBFCs has also been put in place to further strengthen the supervisory tools applicable to NBFCs, The same shall apply to:?
Subscribers to the Minimum Assured Return Scheme (MARS) under the new pension system (NPS) will have to stay invested for how many years to claim the g...
What is Interoperability in connection with trades executed at Stock Exchanges?
Nagaland became the first Indian state to implement which type of insurance scheme?
The Reserve Bank of India (RBI) has permitted non-banking finance companies operating as Infrastructure Debt Fund (IDF-NBFCs) to raise money through ext...
What is the principle behind nudge theory?
A report on the 2021 Human Development Index (HDI) is part of the Human Development Report 2021-2022 released by the United Nations Development Program...
How much penalty has been imposed by the Reserve Bank of India (RBI) on HDFC Bank and Bank of America, due to violation of reporting requirements unde...
The government has mobilized a gross amount of Rs 5.77 lakh crore by issuing dated securities in the current financial year up to July 31, 2023. The cen...
