Dr Ashok Kumar Nag comes with over 30 years of experience in the Banking and Financial
sectors. Currently working as Senior Vice President with Financial Technologies
(India) Ltd., he looks after technical aspects of any project and its delivery.
Some of the projects currently underway include developing risk calculator as per
Basel II guidelines, developing a risk-based supervisory framework for Financial
Services Commission, Mauritius, value at risk modeling for market risk, and derivative
pricing models, among others.
During this illustrious career, Dr Nag’s main areas of interest and research
have been application of statistical methods in banking and finance, national income
accounting, financial econometrics, forecasting, data modeling, and information
management and data warehousing for the banking sector.
Dr Nag has worked with the Reserve Bank of India (RBI) for over 25 years. As a senior
executive, he was responsible for managing balance of payment statistics, forecasting
and operational analysis divisions. He was also the project manager for RBI Enterprise-wide
Data Warehouse This was a pioneering effort by any central bank.
Dr Nag has participated in many international conferences, including SAS User Group
Conference, Melbourne (1998), FEMA User Group’s conference at Trinidad (1999),
Bernoulli Conference in Hong Kong (2003). He was also a member of a number of study
tours abroad including Information Warehouse of Australian Bureau of Statistics
(August 1998), Data Management at Federal Reserve Board, Bureau of Computing Services,
IMF (March 1999), and Information Management at Statistics Canada (August 2000).
Dr Nag has been very active on the domestic front as well. He was a member of the
Committee on Credit Risk Model formed by the Deposit Insurance and Credit Guarantee
Corporation. Besides, he has been a guest faculty on national income accounting
subjects in various management institutes in Mumbai.
During his association with the Reserve Bank of India, he was chosen the Golden
Jubilee Scholar of the RBI and was a visiting scholar at the Statistics Department
of North Carolina State University at Raleigh, North Carolina, USA, between 1991–92
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