Sidbi invites firms to set up Basel-II system

Small Industries Development Bank of India (Sidbi) has invited expressions of interest (EoIs) from consultancy organisations to enable the company put in place Basel-II-compliant integrated risk management system for all its operations.

The consultant will have to review the entire risk management framework of Sidbi for its operations and suggest, design and implement approved Basel-II- compliant, bank-wide integrated risk management systems, a Sidbi statement said.

These include carrying out all necessary modifications to the existing risk management systems for credit, market and operational risks, providing necessary training to Sidbi officials, documenting the entire jobs carried out and providing suitable reference manuals to the bank, the statement added.

 

One of the criteria laid down by Sidbi is that the consultant must have undertaken at least one similar consultancy project in any scheduled commercial bank or in any all-India financial institution in the last three years. The organisation should have at least one of the client banks or financial institutions in India with a minimum balance sheet size of Rs 20,000 crore at the time of assignment acceptance.

The Reserve Bank of India has suitably made need-based changes in the risk management practices in the banking system. Sidbi has also adopted improved risk management practices by introducing systems and structures in respect of credit risk management.