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 Hyderabad:
IndusInd Bank has engaged KPMG Consulting to assist
it to develop an enterprise-wide risk management framework,
which would cover risks across all function streams.
IndusInd
aims to benchmark its risk management practices to international
standards and adopt Basel-II guidelines at the earliest,
says its chairman, R J Shahaney, in a communiqué
to the shareholders.
 Under
the proposed framework, which is in an advanced stage
of implementation, several initiatives were being taken,
he says. "The bank plans to utilise its advanced
risk management architecture to reduce volatility in earnings
and to enhance shareholder value."
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