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June 10th, 2016, 11:06 AM
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Join Date: Mar 2012
Re: Risk Management in Union Bank of India

Hey as The Risk Management function partners with the Business functions to ensure that capital is used efficiently while driving value, with an appropriate trade off between risk and returns.

Types of Risk Management
Credit Risk
Operational Risk
Market Risk

Credit Risk
The credit risk mechanism consists of policies and practices that ensure credit risk is measured, and monitored at account level and portfolio level.
The Bank has implemented a LAS which seamlessly integrates the entire Credit Management Process and provides an assured turnaround time for disposal of loan applications

Operational Risk
Comprehensive systems and procedures, internal control system and audit are used as primary means for managing Operational Risk.
The Bank has in place a Board approved Operational Risk Management Policy based on Reserve Bank of India guidelines.

Market risk
Asset Liability Management Policy and Treasury Policy aid the management of Market Risk in Banking and Trading books.
Overall responsibility of managing the market risk lies with the Asset Liability Committee (ALCO).


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