Universal banks are generally large banks with an extensive branch network that provide many financial services and are engaged in commercial banking, investment banking, securities and insurance, as seen in the US, Europe, Japan and India. Now, there is a move to move towards a more integrated firm-wide approach to financial risk management, across business lines and different types of risks. The same convergent forces have also resulted in greater convergence in prudential frameworks. The process, spearheaded by the Basel Committee on banking supervision, covers securities regulators and insurance supervisors. Now, an effort is on to move towards a more integrated firm-wide approach to financial risk management, across business lines and across different types of risks. However, in insurance, the process has not gone much far, as this book reveals.
ABOUT THE AUTHOR Katuri Nageswara Rao
Katuri Nageswara Rao (b. 1946) has worked in Indian Overseas Bank for 27 years followed by a brief stint of 20 months in Karur Vysya Bank as Head of the Staff Training College, Karur. During his tenure at Indian Overseas Bank, he had exposure in critical areas like credit appraisal and supervision, senior level branch management, inspection and rehabilitation of sick units. He holds an M.Sc. degree (Mathematics) from Sri Venkateswara University and is a CAIIB from the Indian Institute of Bankers, Mumbai. Presently, he is the Associate Dean, ICFAI University, Hyderabad. He is also the Consulting Editor of Professional Banker, a monthly magazine, published by the ICFAI University Press. His articles on banking and general management have been published in The Economic Times, The Hindu Business Line and The Times of India. He has already edited a few books for the ICFAI University Press on banking related topics. He has authored a book titled, "Global Banking-Asia-Pacific Region" also published by the ICFAI University Press.
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