IndusInd
hires KPMG for risk management
Our Banking Bureau
21 June 2002
 Mumbai:
IndusInd Bank has
appointed the consultant KPMG to advise for developing risk
management system. KPMG will conduct an enterprise-wide risk
management exercise to help the bank select a state-of-the-art
treasury software solution.
 KPMG
will advise the bank on developing and implementing an
enterprise-wide risk management framework covering credit risk,
market risk, operational risk and other systems.
This initiative will also deal with the revamping of the bank’s
existing asset liability management system and also transform its
existing internal audit system into a risk-based audit mechanism.
The risk management exercise will be done in three phases and will
be completed in a year.
Post this exercise
IndusInd Bank should be on the path to conform
 to
Basle II guidelines for the adoption of international good
practices in risk management.
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