Alumnus on Campus - Mr. Raj Singh from KPMG

Basel norms are the buzz words among the banking sector and Mr. Raj Singh, alumnus of SDMIMD, and Vice-president, KPMG Advisory Services Pvt. Ltd., spoke on this buzz word on August 20, 2016 to SDMites. Starting from the historical perspective of developments that happened right from the Great Depression, Mr. Raj Singh informed how it is very important to cover the risk. He illustrated how the provision for risks to be created and erosion of capital needs to be arrested through appropriate risk control mechanisms. He also mentioned about the salient features of the Basel norms and indicated how they are going to help the economy by risk minimization and enable better settlements.