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@article{192289,
        author = {Dr. P. Kannan},
        title = {Financial Risk Management in India: Trends, Challenges, and Strategies (2015–2024)},
        journal = {International Journal of Innovative Research in Technology},
        year = {2026},
        volume = {12},
        number = {9},
        pages = {1429-1436},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=192289},
        abstract = {Financial risk management has emerged as one of the most critical pillars of India’s economic and banking stability, particularly in the decade spanning 2015–2024. This paper investigates the evolution, effectiveness, and implications of financial risk management practices across India’s financial ecosystem, covering banking, capital markets, corporate finance, and monetary policy. Using secondary data from the Reserve Bank of India (RBI), International Monetary Fund (IMF), World Bank, and Securities and Exchange Board of India (SEBI), the study examines the dynamics of credit risk, market risk, liquidity risk, and operational risk. Over the last decade, India has experienced significant macroeconomic events, including demonetization (2016), the implementation of the Goods and Services Tax (2017), the COVID-19 pandemic (2020–2022), and ongoing global inflationary pressures (2022–2024). This paper applies a mixed-method approach—combining quantitative trend analysis with qualitative policy evaluation—to assess how Indian financial institutions adapted their risk management frameworks. The findings reveal that although regulatory frameworks such as Basel III and risk-based supervision by the RBI strengthened systemic resilience, challenges remain in credit quality, digital risk exposure, and ESG compliance. The study concludes with policy recommendations emphasizing the need for integrated risk management systems, technological adoption, and enhanced regulatory coordination to support India’s ambition of sustainable financial stability.},
        keywords = {},
        month = {February},
        }