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Banking is run on the premise that not all the Depositors would ask for their money back fully, at the same time and not all the borrowers can meet their committed financial obligations, at all times.. There exists cash flow mismatch arising out of primarily borrowing short (Deposits) and lending long (Loans), giving rise to the concept of Risk Management. Understanding Risk is akin to undertaking a boat journey in sea, as the subject is quite vast and depth is unknown. An attempt is made in the book to
Basel norms are proved to be a moving target, as the goal poles get shifted every now and then, even before covering the entire distance of Basel I, II, III, etc. The Book is a must for all Bankers, be it at an entry level Junior Employee as openings in the banking career are on the rise or an exit level top-ranked General Managers, who are all expected to know Risk to further climb up the ladder. The Book may prove to be a wonderful addition to the Libraries of Management Institutes and financial organisations in general & Banks, in particular and a worthy handbook for students and officials of these two entities.
With reading and re-reading followed by internalization of the subject “Risk”, the reader should be able to comprehend risk well. In the words of Mark Twain, a great writer from Florida, Missouri, “The man who does not read a good book has no advantage over the person who cannot read”. The reader-friendly Book, extent of coverage, affordability of price, production and publishing values, etc., it brings along, make it an interesting read for the Banking fraternity.