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Risk Management Policy
Narainsons Investments Finance & Consultancy Pvt. Ltd.
Introduction
Narainsons Investments Finance & Consultancy Pvt. Ltd. ("Company") is committed to maintaining a comprehensive Risk Management Framework to identify, assess, monitor and mitigate risks arising from its business operations. The Company recognizes that effective risk management is essential for sustainable growth, regulatory compliance, operational efficiency and protection of customer interests.
This Risk Management Policy establishes the principles and processes through which the Company manages various business risks while ensuring compliance with applicable laws, Reserve Bank of India (RBI) guidelines and other regulatory requirements.
This Policy shall apply to all employees, management personnel, directors, business partners, outsourced service providers and all operational activities of the Company.
Objective
The objectives of this Policy are to:
- Identify and evaluate business risks on a timely basis.
- Protect the Company's financial assets, information and reputation.
- Ensure compliance with applicable legal and regulatory requirements.
- Strengthen internal controls and operational efficiency.
- Promote a culture of risk awareness across the organization.
- Minimize financial and operational losses arising from unforeseen events.
- Support informed business decisions through continuous risk assessment.
Risk Management Framework
The Company follows a structured Risk Management Framework to identify, assess, monitor and mitigate risks across all areas of its business operations. The framework focuses on proactive risk identification, implementation of appropriate control measures and continuous monitoring to minimize potential financial, operational and regulatory impacts.
Risk Identification
Risks shall be identified from lending activities, operational processes, financial transactions, technology systems, regulatory changes, customer interactions and outsourced services.
Risk Assessment
Every identified risk shall be evaluated based on its likelihood of occurrence, business impact and potential financial, operational, legal and reputational consequences.
Risk Mitigation
Appropriate preventive controls, approval mechanisms, internal procedures, employee awareness and technology-driven safeguards shall be implemented to minimize identified risks.
Risk Monitoring
The Company shall regularly monitor identified risks through periodic reviews, internal controls, compliance checks and management reporting to ensure timely corrective actions wherever required.
Major Risk Categories
The Company continuously monitors and manages the following key categories of risks:
- Credit Risk
- Operational Risk
- Financial Risk
- Liquidity Risk
- Compliance & Regulatory Risk
- Cyber Security & Information Technology Risk
- Fraud Risk
- Reputational Risk
- Business Continuity Risk
Roles & Responsibilities
The Board of Directors shall oversee the implementation of this Policy and periodically review the Company's overall risk profile.
Senior Management shall be responsible for implementing the Risk Management Framework, monitoring key risks and ensuring effective internal controls across all business operations.
All employees shall comply with this Policy, promptly report any identified risks or control weaknesses and actively support risk mitigation initiatives.
Review of Policy
This Risk Management Policy shall be reviewed periodically or whenever required due to changes in applicable laws, regulatory requirements, business operations or internal processes. Any amendments to this Policy shall be approved by the Board of Directors of the Company.
Conclusion
Narainsons Investments Finance & Consultancy Pvt. Ltd. is committed to maintaining a strong risk management culture through effective governance, internal controls and continuous monitoring. The Company shall continue to strengthen its risk management practices to safeguard the interests of customers, stakeholders and the organization while ensuring sustainable and responsible business growth.