Credit risk is the risk resulting from the uncertainty that a borrower or a group of borrowers may be unwilling or unable to meet their contractual obligations as per the agreed terms‎.‎ It is the largest element of risk faced by most banks and financial institutions‎.‎ Potential losses due to high credit risk can threaten a bank‎'‎s solvency‎.‎ After the global financial crisis of 2008‎,‎ the importance of adopting prudent risk management practices has increased manifold‎.‎ This book attempts to demystify various standard mathematical and statistical techniques that can be applied in measuring and managing portfolio credit risk in the emerging market in India‎.‎ It also provides deep insights into various nuances of credit risk management practices derived from the best practices adopted globally‎,‎ with case studies and data from Indian banks‎.‎

• Author‎:‎ Arindam Bandyopadhyay
• Publisher‎:‎ Cambridge University Press
• ISBN‎:‎ 9781107146471