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BFSI has among the best risk management practices: ICICI Lombard
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Synopsis
Banking, financial services and insurance BFSI with a score of 65m though has a very high risk exposure, it excels in risk management too with very effective and efficient risk management practices, according to ICICI officials. They (BFSI) are well positioned to handle current and future risks across dimensions.
Agencies
Likely over-investment in one or more risk dimensions but difficult to justify return on investments.
Regulated sectors like the BFSI have best risk management practices according to a new Corporate India s risk index launched by
ICICI Lombard, while new age sectors will still have a long way to go. The index which is based on current situation information of corporates is also expected to help attract foreign investments.