Civil Services Day is celebrated in India every year on 21st April. The Union Home Minister Shri Rajnath Singh inaugurated the two-day 11th Civil Services Day program (20-21 April) in New Delhi.
RAROC is a risk-adjusted framework for profitability measurement and profitability management. It is a tool for measuring risk-adjusted financial performance. And it provides a uniform view of profitability across businesses (Strategic Business Units / divisions). RAROC and related concepts such as RORAC and RARORAC are mainly used within (business lines of) banks and insurance companies. RAROC is defined as the ratio of risk-adjusted return to economic capital.