The State Bank of India (SBI) and Moody’s Analytics announced Tuesday their collaboration to provide bank-wide credit certification to SBI’s employees enabling them to source, appraise and monitor loans faster.
The initiative enhances SBI’s credit curriculum with the expertise of Moody’s Analytics. The programme also addresses the Reserve Bank of India’s (RBI) mandate for financial institutions to certify the proficiency of all staff in credit management via an accredited institution.
“This programme is directly aligned with our bank’s goals, and our employees look forward to obtaining a world-class certification from Moody’s Analytics,” said Prashant Kumar, DMD & CDO, SBI.
The Moody’s Analytics Certificate in Commercial Credit (CICC) has been adapted to India’s banking sector with the help of former SBI officials and leading industry experts.
To set a common standard of proficiency among professionals at India’s financial institutions, RBI had issued guidelines on 26 April 2017 mandating certifications for specialised banking functions. RBI has accredited Moody’s Analytics certifications in the area of Credit Management.
State Bank of India (SBI) is claimed to be the largest commercial bank in India in terms of assets, deposits, profits, branches, customers and employees.
Moody’s Analytics helps financial and risk professionals worldwide respond to an evolving marketplace. The company offers solutions for measuring and managing financial and risk performance.
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