Abstract

Risk management plays a crucial role in the banking industry, as it helps institutions effectively identify, assess, and mitigate various risks that can impact their stability and financial health. The study provides an overview of the most important RM strategies and practices adopted by banks in India to navigate the dynamic and challenging financial landscape. The findings of this study, if implemented, could guide banks in India in enhancing their RM frameworks. By understanding the key risks faced by the industry and the effective strategies employed by successful banks, institutions can strengthen their risk identification, measurement, and mitigation processes. This can ultimately contribute to improved stability, profitability, and resilience of banks in the face of uncertainties. Regulators and policymakers can utilize the insights from this study to refine and enhance the regulatory frameworks governing RM in the sector of finance. Research in this field highlights the importance of maintaining an updated and comprehensive regulatory environment that aligns with international standards while considering the unique characteristics and challenges of the Indian banking industry. Policymakers can draw upon the best practices identified in this study to implement targeted reforms that promote stability within financing and protect the interest of people who invest and different stakeholders

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