Case Study: HDFC Bank achieves centralized market risk management with Numerix

HDFC Bank - Customer Case Study

HDFC Bank, one of India’s premier banks, needed to consolidate market risk management and reporting across multiple systems onto a single platform while improving market and counterparty credit risk analysis. The bank also wanted a powerful, scalable risk engine with custom reporting, audit trails, and user authorization. Numerix Portfolio was selected to help meet these requirements.

Numerix implemented its centralized risk engine and provided local support through its Mumbai office, enabling HDFC Bank to aggregate risk, drill down across trades, and rapidly calculate metrics such as VaR, P&L, backtesting, and capital charges for Basel frameworks. As a result, HDFC Bank gained faster risk computations that support better decision-making and is now planning to extend the solution to counterparty risk functions like CVA and PFE.

HDFC Bank

Mr. Sanmoy Chakrabarthi

Head, Market Risk