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The State Bank of India (SBI) on Tuesday announced its collaboration with financial services company Moody's Analytics to provide bank-wide credit certification to SBI employees.
This initiative by SBI and Moody's will enhance 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 enabling them to source, appraise, and monitor loans faster.
"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," said DMD and CDO SBI, Prashant Kumar.
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.
"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,"said executive director at Moody's Analytics, Ari Lehavi.
To set a common standard of proficiency among professionals at India's financial institutions, RBI issued guidelines on April 26, 2017, mandating certifications for specialised banking functions.
RBI has accredited Moody's Analytics certifications in the area of Credit Management.
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