This study investigates the risk management measures used by ICICI Bank, one of India's largest financial organizations. The banking industry operates in a dynamic environment, continuously confronted with new risks that might have a substantial impact on operations and financial stability. Understanding and controlling these risks are critical for long-term growth and resilience. The goals of this research are twofold: to investigate ICICI Bank's risk management procedures and assess their effectiveness in mitigating various types of risks. To accomplish these goals, a complete study design was used, combining qualitative and quantitative approaches. The data was gathered through a combination of literature reviews, interviews with key stakeholders, and financial report and risk management framework analysis. The study's primary findings shed light on ICICI Bank's multidimensional risk-management approach, which includes credit risk, market risk, operational risk, and compliance risk. The bank uses a variety of tools and procedures, such as risk assessment models, diversification strategies, hedging mechanisms, and strong internal control systems. Furthermore, the report addresses the bank's risk management difficulties, including regulatory compliance, technology improvements, and macroeconomic changes. According to the findings, numerous inferences may be made about the success of ICICI Bank's risk management procedures. Furthermore, the study emphasizes the need to incorporate risk management into strategic decision-making processes and cultivate a risk-aware culture throughout the firm. Following the conclusions, many recommendations for action are made. These include strengthening risk governance structures, improving risk monitoring and reporting systems, investing in advanced analytics and risk modelling skills, and encouraging engagement with regulators and industry peers. Implementing these recommendations would help ICICI Bank strengthen its risk management strategy and efficiently navigate the growing landscape of financial hazards. Overall, this study adds to our understanding of risk management techniques in the banking sector and offers useful insights for practitioners, policymakers, and academics. It underscores the importance of proactive risk management in ensuring the resilience and sustainability of financial institutions like ICICI Bank in an increasingly complex and uncertain environment.
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