Vol. 2, Issue 10, Part K (2016)

Abstract
Risk supervision is that the classification, evaluation, and prioritization of risks followed by coordinated and efficient application of resources to reduce, monitor, and management the chance and impact of unfortunate events or to maximise the belief of opportunities. Risk management’s objective is to assure uncertainty doesn't deflect the endeavour from the business goals. Risk Management is the application of proactive strategy to plan, lead, organize, and management the big variety of risks that are hurried into the material of an organization’s daily and long functioning. Risk is an exposure to dealing with loss, that happens with some probability and which might be expected, measured and decreased. In money establishments risk result from variations and fluctuations in assets or liability or each in incomes from assets or payments and on liabilities or in outflows and inflows of money. Today, banks face numerous kinds of risks like Credit risk, Market risk, and operative risk. For any money establishments like banks, risk management is important for fulfilment and survival during this competitive world. This paper conjointly examined the various techniques adopted by banking system for risk management.