VIJI FINANCE LIMITED

Climate Impact & Sustainability Data (2017-04 to 2018-03, 2018-04-01 to 2018-12-31, 2020-2021, 2021-2022)

India’s Most Trusted Financial Service Company by (IBC) International Brand Consulting Corporation, USA.
ISO (9001:2015) Certified Non Banking Financial Company

Know Your Customer and Anti Money Laundering Policy (KYC and PMLA Policy) in accordance with RBI Guidelines.
Fair Practice Code (FPC), as per RBI Regulations

various steps to improve its operational performance/liquidity, including cost control measures have been put in place.
plans for expansion
rigorous loan approval and collateral appraisal process, as well as a strong NPA monitoring and collection strategy.
majority borrowings, and all the loans and advances are at fixed rates of interest.
liquidity management to ensure sufficient cash flow to meet all financial commitments and to capitalise on opportunities for business expansion.

India’s Most Trusted Financial Service Company by (IBC) International Brand Consulting Corporation, USA.

cost control measures
Work from home has been assigned to employees of the company to ensure the smooth functioning of the operations

Non-performing asset and consequent pressure on the bottom line
Rising competition from banks
Increasing cost of funding
Retention of talent
High resource cost structure
Slow industrial growth
Exposure to the abnormal industry risk factors
Entry of many players in the banking and non-banking operations creating stiff competition
Major shakeout in the NBFC sector
Increase in finance cost due to uncertainties of pandemic
Geopolitical crisis
Implementation of risk-management strategies in the NBFC sector to ensure that the business models remain viable, adequately ringfenced and sustainable.
Asset quality norms will bring to focus any gaps in credit risk management can reveal the shortcomings in market risk.
Failing to tame the operational risks can have serious consequences threatening the sustainability of the organisations.
Tough task awaits NBFCs to rein in operational risk much beyond going successful in scaling up business.

Various steps to improve its operational performance/liquidity, including cost control measures have been put in place.
Risk management framework works at various levels across the enterprise.
Risk Management Policy provides for identification, assessment and control of risks which in the opinion of the Board may threaten the existence of the Company.
Management identifies and controls risks through a properly defined framework in terms of the aforesaid policy.
Adequate internal control mechanisms to safeguard all our assets and to ensure operational excellence.
Periodic audit by the internal auditor for business specific compliances such as service management, information security, etc.
Audit committee reviews reports submitted by the management and audit reports submitted by internal auditors and statutory auditors.
Suggestions for improvement are considered and the audit committee follows up on corrective action.