NIBM in partnership with CIBIL launches certification course in retail credit risk management
Unique course aimed at strengthening expertise of bank employees’ on credit risk management best practices and solutions
Mumbai, 6th September, 2016: TransUnion CIBIL, India’s leading credit information company has partnered with National Institute of Bank Management (NIBM), to offer a joint certification programme on retail credit risk management for banking professionals. Combining NIBM’s vast experience in banking education and TransUnion CIBIL’s leadership in credit information insights and solutions, the objective of the programme is to provide a comprehensive and systematic skill-set to bank managers and credit officers. This program was inaugurated today at the NIBM Campus in Pune.
While explaining the programme Dr. Achintan Bhattacharya, Director, National Institute of Bank Management said: “This is a unique programme to meet the growing needs of the banking industry in terms of a professional approach in retail loan processing, monitoring and recovery. It will provide conceptual insights and hands-on exercises on understanding nuances of retail credit, methods of assessing credit risk, and usage of credit information solutions to better perceive and mitigate credit risk.” The proposed training programme will serve the banking services in bridging the skill gap in a crucial area in the present context.
Satish Pillai, Managing Director & CEO, TransUnion CIBIL said: “ As India’s pioneer and leader in credit information services, TransUnion CIBIL is committed to provide insights, solutions and products to businesses to help manage risk, improve asset quality and scale growth. We have therefore partnered with NIBM on this specialized course in retail credit risk management to facilitate hands-on learning on best in class solutions and Industry best practices to empower banking professionals in objective decision making. We are confident that this course will be beneficial towards developing talent and expertise at banks and positively impact asset quality and business growth.”
The course will enable participants to undertake credit appraisal and decision-making, leading to robust retail growth with quality and profitability in retail lending. The programme will have Experts, Faculty members, Trainers from NIBM and CIBIL, constituting banking academicians, practicing bankers and industry specialists.
Retail loans of banks have grown at an average CAGR of 28% over the last three years while at the same time there is a significant reduction in retail loan NPAs. Banks have quickly sensed the prospects of better risk adjusted return in retail lending with innovations in loan products and lending processes, leading to high levels of competition in the industry.
