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Chief Risk Officer
May 24 , 2019
2040 days
910
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- The RBI has asked the non-banking financial companies (NBFCs) with assets of more than ₹5,000 crore to appoint a Chief Risk Officer (CRO).
- Defaults by some huge non-banking financial companies (NBFCs) has led to a liquidity crisis. Ex: Financial crisis in IL&FS
- The primary role of the CRO will be identification, measurement and mitigation of risks.
- He should be a senior official in the hierarchy of an NBFC and shall possess adequate professional qualification or experience in the area of risk management.
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