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Enterprise Risk Managements in Indian Banks

The banking industry is exposed to many risks from different directions. Too many areas needed to be guarded which is not possible unless a holistic and comprehensive risk management process is in order. Enterprise Risk Management (ERM) is that process. The main objective of this project is to study the implementation of ERM in Indian Banking industry. For this purpose different literatures regarding ERM has been studied to get a fair idea about root of ERM, its goals, features, need, scope, utilization and implementation. Application of ERM in Indian banking is studied and research gap is identified, based on which, finer objectives of the research was formed. Annual Reports of forty four banks (nationalized and private commercial banks) in India were chose for qualitative analysis and quantitative analysis. The in depth analysis is enumerated in the paper. It can be stated that this research paper is mainly qualitative in nature where the numerical figures obtained are mostly indicative in nature for a validation purpose of the qualitative findings and conclusions. The most important conclusion drawn is that Risk management is compliance driven in Indian banks and not strategy driven. It is recommended that this attitude should be changed and risk management should be a strategic attribute. Another important finding is that risk management remains only as Basel norm application however ERM is much more than mere Basel implementation, therefore banks need to change their perspective and embrace ERM.