Asset Liability Management

Asset-liability management (ALM) provides a macro-level framework and a sophisticated tool for modern risk management in banks. This is an authoritative work on the fundamentals of ALM. The book commences with an introduction to the types of risks confronting banks and goes on to describe the concept, rationale and implementation of asset-liability management:Risk management in banksInterest rate risk managementExchange rate risk managementLiquidity risk managementCredit risk managementALM implementation: including RBI guidelines.The conceptual underpinnings are highlighted with numerous examples drawn from the Indian environment. The author guides the reader through both the basic and finer nuances of asset-liability management, lucidly and with easy felicity.