Due Diligence Certification for Banks
In order to strengthen the information sharing system among banks in respect of the borrowers enjoying credit facilities from multiple banks (consortium and multiple banking arrangements), the Reserve Bank of India requires all banks to obtain regular certification by Company Secretaries, regarding compliance of various statutory prescriptions that are in vogue from time to time. The firm undertakes such diligence and certification exercises also. SVVS acts as a bridge between banking and borrower clients because of the expertise in banking, credit management, charge administration, due diligence and good governance. The transparency with which due diligence is carried out enhances the comfort level of banks as well as the borrowing corporates
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