CIBIL partners with NIBM to offer credit risk management programme for bankers

PUNE: Credit information company, Transunion CIBIL, said that it has partnered with Pune-based National Institute of Bank Management (NIBM) to offer a joint certification programme on retail credit risk management for banking professionals.
"Combining NIBM's vast experience in banking education and TransUnion CIBIL's leadership in credit information insights and solutions, the objective of the programme is to provide a comprehensive and systematic skill-set to bank managers and credit officers," the company said in a statement.
The proposed training programme, the company said, will serve the banking services in bridging the skill gap in a crucial area in the present context. Credit risk management has gained vital importance as non-performing assets of major public sector banks have grown to a record high -- mostly in the wholesale lending or lending to corporates. Retail loan recoveries for banks, on the other hand, has performed much better than corporate loan recoveries.
"This is a unique programme to meet the growing needs of the banking industry interms of a professional approach in retail loan processing, monitoring and recovery. It will provide conceptual insights and hands-on exercises on understanding nuances of retail credit, methods of assessing credit risk, and usage of credit information solutions to better perceive and mitigate credit risk," said Achintan Bhattacharya, Director, National Institute of Bank Management.
The course will enable participants to undertake credit appraisal and decision-making, leading to robust retail growth with quality and profitability in retail lending. The programme will have experts, faculty members, trainers from NIBM and CIBIL, constituting banking academicians, practicing bankers and industry specialists.