RBI has accredited Moody's Analytics certifications in the area of credit management.
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.
Mr. Prashant Kumar, DMD & CDO, SBI said, "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 India's banking sector with the help of former SBI officials and leading industry experts.
Mr. Ari Lehavi, Executive Director at Moody's Analytics, said "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 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.
SBI the largest commercial bank in India in terms of assets, deposits, profits, branches, customers and employees. The bank has a deposit base of 26.02 lakh crore with CASA ratio of 43.81 per cent. As on June 30, 2017, SBI has an extensive network, with over 23 thousand branches in India and 194 offices in 35 other countries across the world in all time zones.