NIBM in partnership with CIBIL launches certification course in retail credit risk management

Mumbai, 6th September, 2016: Unique course aimed at strengthening expertise of bank employees on credit risk management best practices and solutions

TransUnion CIBIL, India’s leading credit information company has partnered with 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. This program was inaugurated today at the NIBM Campus in Pune.

While explaining the programme Dr. Achintan Bhattacharya, Director, National Institute of Bank Management said: “This is a unique programme to meet the growing needs of the banking industry in terms 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.” The proposed training programme will serve the banking services in bridging the skill gap in a crucial area in the present context.

Satish Pillai, Managing Director & CEO, TransUnion CIBIL said: “ As India’s pioneer and leader in credit information services, TransUnion CIBIL is committed to provide insights, solutions and products to businesses to help manage risk, improve asset quality and scale growth. We have therefore partnered with NIBM on this specialized course in retail credit risk management to facilitate hands-on learning on best in class solutions and Industry best practices to empower banking professionals in objective decision making. We are confident that this course will be beneficial towards developing talent and expertise at banks and positively impact asset quality and business growth.”

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.

About NIBM
National Institute of Bank Management (NIBM) was established in 1969 by the Reserve Bank of India, in consultation with the Government of India, as an autonomous apex institution for research, training, education and consultancy in bank management. Its mandate is to play a proactive role of “think-tank” of the banking system. NIBM is part of the grand vision of giving a new direction to the banking industry in India and making the industry a more cost-effective instrument for national development. Therefore, helping the managers in their endeavour to make their organizations competitive both in domestic and international markets is the mission of the Institute. NIBM, an autonomous academic institution, is governed by a Board, its highest policy-making body. The Governor of the Reserve Bank of India (the central bank of the country), is the Chairman of the Governing Board. To know more about NIBM visit www.nibmindia.org

About TransUnion CIBIL
TransUnion CIBIL is India’s leading credit information company. It creates immense value for financial institutions by providing objective data and tools to help them manage risk, and devise appropriate lending strategies thus reducing cost and maximizing portfolio profitability. CIBIL benefits both credit grantors and consumers by collecting, analyzing, and delivering information on credit histories of millions of borrowers. It provides its members with information on both consumer and commercial borrowers, thus enabling them make sound credit decisions across both individuals and businesses. It also provides services and education to consumers to help them better manage their finances. To know more about CIBIL visit www.cibil.com