How trainings can add value to NBFC companies

An NBFC will view training as to how it adds to the employees' immediate ability to generate revenue or prevent losses . Given below are some recommendations on how to maximise training budgets.

1) Credit structuring needs to be discusses in great detail as a NBFC would want to do deals which normally banks do not do, but would want to reduce risk to acceptable levels.

2) For the same reason credit monitoring would have to be discussed for that the NBFC is forewarned of the problems .This would include pre identifying potential NPAs when they are still standard assets (credit Hygiene ) and also strategies to exit accounts . (the tolerance of NBFCs for NPAs will be much lower than banks )

3) Different business groups have different risk characteristics .The trainees need to understand these for about 15-20 businesses . More so as to how to identify Key success factors and red flags in an industry .So that industry specific assessment system can be developed.( Credit risk includes Business risk as well as balance sheet risk. Trainings generally focus on latter)

4) NBFCs generally would want to lend to mid and small corporates ,where close customer interaction and market feedback will be as important as financial analysis. Skills in the former two and combining all three to develop a potent method if risk management should be the focus.

5) provisioning : Every NBFC would have aggressive norms of its own ,which needs to be understood by the trainer.

6) NBFCs would want to do what banks cannot do .So what are the restrictions on banks while lending need to be explained to them -together with what NBFCs are not allowed to do.

Other Services of Interest

  • Auditing emerging Trends - IIA and Riskpro host a joint event

    The Institute of Internal Auditors (IIA), Bombay Chapter is pleased to host "Auditing Emerging Trends" on 7th September 2018 - Friday at ‘the International by Tunga’ – MIDC, Mumbai. This event is...
  • Internal Audit and IT Audit on Temporary Basis

    Due to the importance of regulatory compliances, it has become essential that companies are able to audit the business operations effectively. To meet this growing demand, Riskpro India offers...
  • India: Data Protection Services

    The EU General Data Protection Regulation (GDPR) is the most important change in data privacy regulation in 20 years. Now India has its own version of Data protection regulation that will change...
  • Fire Safety Assessments and Training

    Some of our features of Fire Safety Assessments and Training • Fire Science • The common causes of fire • Identify fire hazards • Types of fires and extinguishers • Fire...
  • Data Protection Officer (DPO) Services

    Why a DPO The General Data Protection Regulation (GDPR) makes it compulsory for certain companies to appoint a DPO. this is a mandatory position that is expected to carry out certain defined tasks....
  • GDPR Countdown

    Riskpro is working hard so that clients can GDPR deadline as the clock ticks away.
  • Reduce your GDPR implementation Costs - Hire GDPR Experts in India

    Reduce cost for GDPR Compliance - Remote Consulting from India GDPR readiness assessment and implementation can be costly. And time is short. Instead of paying premium fees to local GDPR consultants...
  • Riskpro India on top of Emerging Risks that bother you

    Riskpro India is well positioned to offer advisory services for emerging risks such as Data Protection (GDPR), information security, assurance services such as Third party risk management, internal...
  • Assurance Services

    In Riskpro we believe that Internal audit function has to align its activities with business activities of any organisation to achieve its objectives. IA can be of significant value if it maintains...
  • Go to top