Moody’s to train SBI employees to appraise loan applicants

State Bank of India, the country’s largest bank, said Moody’s Analytics will train its employees to source, appraise and monitor loans.

SBI employees will be granted the Moody’s Analytics Certificate in Commercial Credit (CICC) as part of the program.

The program has been adapted to the India’s banking sector with the help of former SBI officials and leading industry experts, Moody’s said.

“The collaboration with Moody’s Analytics will help to enhance our employees’ ability to source, appraise and monitor loans. It will also speed up the process in more efficient manner. This programme is directly aligned with bank’s goals, and our employees look forward to obtaining a world-class certification from Moody’s Analytics,” said Prashant Kumar, DMD & CDO, SBI.

Ari Lehavi, Executive Director at Moody’s Analytics, said the agreement will help enhance its employees’ expertise in credit assessment.

The programme addresses the Reserve Bank of India’s (RBI) mandate for financial institutions to certify the proficiency of all staff in credit management via an accredited institution, SBI said.

To set a common standard of proficiency among professionals at India’s financial institutions, RBI issued guidelines on 26 April 2017 mandating certifications for specialised banking functions.

RBI has accredited Moody’s Analytics certifications in the area of Credit Management.

State Bank of India (SBI) the largest commercial bank in India in terms of assets, deposits, profits, branches, customers and employees.

The bank has a deposit base of 26.02 lakh crore with CASA ratio of 43.81%.

As on June 30, 2017, SBI has a network of over 23 thousand branches in India and 194 offices in 35 other countries across the world

It has a strong network of more than 59,000 group ATMs.

With more than 2.73 lac employees it caters to a customer base of more than 42 crore which includes nearly 2.3 crore Mobile Banking users.

As on March 31, 2017, the bank has installed more than 6 lac PoS terminals, capturing a little over 22% of market share and 34.5 crore State Bank Debit Card holders.