Protecting retail assets
IDBI Bank, one of Indias fastest growing private
sector banks, has decided to implement the SAS Credit Risk Management Solution
across its Retail Assets division.
Pramod Vaidya, Head-Risk Management, IDBI Bank said,
"We were looking at enhancing our risk management initiative in retail
banking in line with our plans on being Basel II compliant by 2006. For this
we needed a solution that would assist in understanding the credit worthiness
of customers and facilitate the development of risk scorecards for home loans,
personal loans and define pre-approved credit lines for individuals."
The bank will primarily use the Risk Management solution
to develop a credit-scoring model, that will provide the bank intelligence on
the creditworthiness of customers.