The fast Capital pvt Ltd is a group unit of M/s VFS Capital, which is having a long-standing history and experience of more than four decades in engaging and working with the customer segments. Its Journey started in 1982, as a not-for-profit organisation and later, in 1996-97, it entered microfinance business, as a first MFI in Eastern India, which has become an NBFC.
Fast Capital establishes standardized processes to effectively manage operational risks. Internal Audit plays a pivotal role in evaluating the adequacy and effectiveness of internal controls and ensuring operational risk mitigation.
Additionally, intensive risk management training is imparted to staff to strengthen awareness and reduce exposure to operational risks.
- Third‑party risk – Fast Capital evaluates and controls third‑party risks throughout the relationship lifecycle. The Company identifies and assesses risks associated with vendors, suppliers and contractors engaged by its third‑party partners.
- Internal fraud – Fraudulent activities within the organisation, such as misappropriation of security assets, forgery, non‑compliance, bribery and theft, can lead to losses. Fast Capital develops and enforces processes and controls to minimize these risks, including background verification, endpoint monitoring and access controls on a need‑to‑know basis.
- External fraud – Fraud perpetrated by third parties, including theft, system breaches and data theft, poses a significant threat. Fast Capital implements robust processes and controls to minimize such risks.
Recovery of Overdue Loan for Pledged Gold Ornaments Jewellery, a Notice/Recall Letter should be served on the borrower, if the loan and/or interest have not been repaid/serviced in full or part, on or before the due date.
The loan account can be renewed for a further period of one year from the due date, after obtaining fresh set of documents, provided the borrower pays the entire accrued interest till the date of renewal and the stipulated margin is maintained.
The procedure for renewal of loan in special circumstances, where the borrower has failed to repay the principal amount, with accrued interest, on or before due date for some genuine reasons, over which the borrower has no control, and the Branch is satisfied about such reasons.
In cases where normal recovery efforts in overdue loans have failed to have the desired result and auctioning of the Ornament/Jewellery/Coins is warranted based on prima-fade assessment made by the Branch, the Branch will be required to forward the particulars to Head Office seeking authorization for sale of gold Ornaments/Jewellery/ Coins. Prescribed pro-forma for referring the particulars to the Head Office for authorization.
Financial Analysis
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Financial Analysis
Bookan unknown printer took galley type and scramble make.
