Non-banking financial companies (NBFCs) are an essential component of India’s financial system. The history of India’s NBFC industry is one of under-regulation followed by over-regulation. Policymakers have swung from one extreme to the other in their attempts to create rules and then restrain them so that they do not stifle industrial growth. This paper focuses on the industry. Most of these NBFCs are involved in high-risk lending, and they often lend to small and medium-sized businesses, which are classified as high-risk assets. To evaluate such high-risk assets, we require a thorough model.
Financial institutions are utilising more analytical solutions and tools to analyse and mitigate cyber dangers as cyber-attacks become more common and complex. As the usage of cyber models expands, so do the hazards associated with their design and implementation. This is why the emphasis on model risk management (MRM) for cybersecurity solutions is growing, in an effort to identify and mitigate significant risks in corporate cyber solutions. MRM analyses risks posed by the potential negative outcomes of decisions…
