It is my pleasure to inaugurate this SAARCFINANCE event on the ever important theme of “Risk Management Framework for Banks”. I believe the program will facilitate sharing of best practices, latest developments in risk management and generate a fruitful discussion on impending challenges in the field of risk management while analyzing its different facets.
An efficient and healthy banking system is a prerequisite for sustainable economic growth of a country. In this context, effective risk management practices enable the banking industry to build public trust and confidence in the institutions which is necessary for mobilizing private savings for investment to facilitate economic growth.