The Reserve Bank on Monday proposed to lay down principles for management of model risks in credit for banks and other regulated entities with a view to ensuring prudence and robustness.
Regulated Entities (RES) generally use various models as part of their credit management, including for credit appraisal, borrower scoring, pricing, and risk management, among others.
This story is from the August 06, 2024 edition of The Free Press Journal.
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This story is from the August 06, 2024 edition of The Free Press Journal.
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