The main purpose of the Credit Risk Management is to reduce the rising quantum of the Non-performing assets from the customers and to recover the same in due time with appropriate decisions.

Credit Default has a significant impact on the Financial Performance of the Company since if one Borrower does not pay his dues on time; It leads to higher provisioning, Legal Cost, Collection / Recovery Cost Rises in order to get the Money-back and the Company's Cash Flow also has been impacted.

Generally, seeing the past trend, it has been observed that when there is a Credit risk Management Policy in place, the chances of NPA's are very less and there are good quality Borrowers in the Loan Book of the Company.

Default Risk and Credit Spread

Risk are the two types of Credit Risk which the Company needs to manage on a daily basis to run the Company in the long term.

It is also useful to find ways to increase the Credit Rating of the Company with regards to the Credit Rating Agencies like S&P, Fitch, Moody's, etc. Prepare borrower risk assessments in a timely manner to identify and evaluate the major risks and recommend the appropriate risk rating to meet regulatory and business requirements

- Review single name strategies/credit requests within agreed timelines, evaluate the risks and highlight exceptions to applicable policies and guidelines and recommend the appropriate course of action to GRM executives

- Prepare peer group comparisons from both a business and a financial perspective in support of the risk rating recommendation

- Analyze and assess risk management activities related to accounting changes and new regulations

- Develop, implement and monitor YMFUS's credit and servicing policies and procedures for Credit Card and Installment programs

- Develop, monitor and publish MIS reports to manage business activities

- Apply SAS and database knowledge to evaluate and develop risk management strategies

- Evaluate the adequacy of internal processes and reduce all forms of exposure ranging from credit risk, efficiency/cost and regulatory impact

- Supports other team members as required

- Coordinates and controls dispute management for a dedicated region

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