By Tricitynews Reporter
Chandigarh 10th October:- The State Bank of India (SBI) and Moody’s Analytics announced their collaboration to provide bank-wide credit certification to SBI’s employees enabling them to source, appraise and monitor loans faster. The initiative enhances SBI’s market-leading credit curriculum with the globally recognised expertise of Moody’s Analytics. The programme also addresses the Reserve Bank of India’s (RBI) mandate for financial institutions to certify the proficiency of all staff in credit management via an accredited institution.
On the announcement, Prashant Kumar, DMD & CDO, SBI said that the collaboration with Moody’s Analytics will help to enhance our employees’ ability to source, appraise and monitor loans. It will also speed up the process in more efficient manner. This programme is directly aligned with bank’s goals, and our employees look forward to obtaining a world-class certification from Moody’s Analytics.
The
Moody’s Analytics Certificate in Commercial
Credit (CICC) has been adapted to the India’s banking sector with the
help of former SBI officials and leading industry experts.
Ari Lehavi, Executive Director
at Moody’s Analytics,
said that we are honoured to work with SBI to help
enhance its employees’ expertise in credit assessment. We look
forward to a long-lasting partnership with an organisation that shares our
commitment to excellence in all aspects of credit lending and
risk management.
To set a common standard of proficiency
among professionals at India’s financial institutions, RBI issued
guidelines on 26 April 2017 mandating certifications for
specialised banking functions. RBI has accredited Moody’s Analytics
certifications in the area of Credit Management.