Credit Risk Management in Banks

The Crucial Role of Company Secretaries in Ensuring Transparency and Compliance

Abstract

In the contemporary viewpoint, Indian economy is considered as the one of the quickest developing and arising economies on the planet. Adding to its high development are numerous basic sectors including Agriculture, Banking Industry, Capital Market, Money Market, Financial Services and some more. Among all, 'Banking Sector' has unarguably been quite possibly the most recognized sectors of Indian economy. Surely, the improvement of any nation relies upon the financial development, the nation accomplishes throughout some undefined time frame. This affirms the very truth that the role of financial sector in forming fortunes for Indian economy has been considerably more basic, as India since freedom has been similarly centered on different channels of development too alongside versatile mechanical sector and the homegrown reserve funds in the government instruments. This provoked India to significantly rely upon sectors for its dynamic movement. Considering the way that banking sector assumes a critical part in the monetary empowerment and worldwide development of the country, a decent and vigil guideline on Banking Sector has been constantly commanded to guarantee the transparent run of this sector while evading any equivalent of extortion and acts of neglect harmful to the premium of financial backers, partners and country all in all. In this way a powerful regulatory system has been set up in India alongside the presence of Reserve Bank of India to direct the lead and everyday undertakings of banking sector. In the stage, where plenty of Laws, Regulations and Rules are the directing the lead of Banking Industry towards good administration, the role of Company Secretaries become a lot of energetic to address the difficulties of a more powerful business and regulatory environment on one side and to guarantee convenient consistence on opposite side