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Compliance Training for Financial Institutions in India Gains Momentum
In response to the COVID-19 pandemic, traditional classroom training has taken a backseat, and digital platforms have emerged as the new norm. To bridge this gap, State Bank Institute of Credit & Risk Management (SBICRM) has developed a comprehensive Web Series on “Compliance for Bank Officials” aimed at enhancing employees’ compliance understanding and equipping them with the latest regulatory developments.
Building a Robust Compliance Culture
The 16-hour online course is designed to focus on building and improving compliance culture in financial institutions. The program will cover various areas, including:
- Present regulatory stance and environment
- KYC/AML CFT regulation
- Statutory, Regulatory Restrictions and Guidelines on Loans and Advances, including Basel Norms
- Foreign Currency operations under FEMA and other regulations
- Customer Service and Complaint Management Program
Ideal for Bankers and Compliance Professionals
The program is specifically designed for bank officials handling compliance functions at branch/admin offices and responsible for:
- Regulatory compliance
- Ethics
- Business conduct
- Fraud management
- FEMA regulations
- Cyber security
- Operational risk data
- Currency chest management
- Customer complaint management
Program Schedule and Contact Information
For more information on the program schedule and participant fees, please contact H.K. Panda, Coordinator, State Bank Institute of Credit & Risk Management, at:
+91-9560069036 (phone) or email harikrishna.panda@sbi.co.in
About SBICRM
State Bank Institute of Credit & Risk Management (SBICRM) is a state-of-the-art apex training institute established in 1982 by the State Bank of India. The institute conducts various residential training programs on credit, international banking, and risk management for officials from Indian banks, foreign banks, and financial institutions from Nepal, Bhutan, Afghanistan, Nigeria, and other countries.
Why Compliance Matters
Compliance risk and operational risk have become critical in new systems, and increasing regulatory requirements have compelled banks to treat compliance functions as a zero-tolerance area. Our research reveals that standard practices implemented properly will strengthen the compliance function and culture in the bank.