Risk Management Policy

Jay Finance Private Limited ("the Company") has adopted this Risk Management Policy to identify, assess, monitor, and mitigate the material risks arising from its lending operations. The objective of this policy is to establish a structured approach to risk management that protects the interests of customers, the Company, and other stakeholders, in line with guidelines issued by the Reserve Bank of India for Non-Banking Financial Companies.

Overall responsibility for risk management rests with the Board of Directors. Given the Company's current scale of operations, the Board directly oversees the risk management function; a dedicated Risk Management Committee will be constituted as and when required under applicable regulatory thresholds. This policy has been approved by the Board of Directors.

The Company follows a continuous risk management cycle involving identification of key risks, assessment of their likelihood and impact, implementation of mitigation measures and internal controls, ongoing monitoring, and periodic reporting to the Board.

Credit risk arising from a borrower's inability to repay is managed through defined underwriting criteria, borrower due diligence, credit bureau checks, and risk-based pricing as set out in the Company's Interest Rate Policy.

The Company maintains internal controls, documented processes, and staff training to minimize risks arising from internal processes, systems, personnel, or external events, including fraud and process failures.

The Company monitors its funding and cash flow position to ensure it can meet its financial obligations as they fall due, and maintains prudent liquidity buffers appropriate to its scale of operations.

The Company employs access controls, data encryption, and monitoring systems to safeguard its digital platform and customer data against unauthorized access, cyber threats, and system failures.

The Company monitors changes in applicable laws and RBI directions and updates its internal policies and processes to ensure continued compliance, minimizing the risk of regulatory action.

The Company manages reputational risk through fair customer treatment as set out in its Fair Practice Code, prompt grievance redressal, and responsible recovery practices.

This policy is reviewed periodically by the Board of Directors to ensure it remains relevant to the Company's risk profile and regulatory environment. Material risk events are reported to the Board as they arise.

This Risk Management Policy has been approved by the Board of Directors of Jay Finance Private Limited and signed on the Board's behalf by Mr. Ankit Garg, Director.

For questions regarding this policy, please contact us at info@quikloans.in or call +91 8448118306.