The Reserve Bank of India expressed worries about credit risk models' reliability, urging lenders to establish board-approved risk management policies. It planned to supervise these models and issued guidelines to align within six months. The central bank also suggested using external experts for validation and maintaining ongoing reviews of these models.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.