Services

Business Consultancy

SOP Development for Financial Institutions

Why SOPs Matter?

In the highly regulated NBFC sector, a robust SOP framework ensures compliance with RBI guidelines, minimizes operational risks, and enhances efficiency.

Our Approach:

  • Regulatory Alignment– Customized SOPs adhering to RBI Master Directions, Fair Practices Code, and KYC/AML norms.
  • Process Optimization– Streamlining loan origination, disbursement, recovery, and risk management.
  • HR Practices – Aligning the roles and responsibilities, hierarchy and grading, appraisal process using a balanced score card, skill based training and development
  • Audit-Ready Documentation– Preparing manuals for internal audits and regulatory inspections.
  • Digital Integration– Aligning SOPs with fintech tools for paperless workflows.

Industries Served:

✔ NBFCs   ✔ Nidhi & Micfrofinance Institutions    ✔ Fintech Startups

Corporate Practices Advisory

We help businesses adopt best-in-class corporate governance, financial structuring, and operational excellence.

Key Solutions:

  1. Corporate Governance & Compliance
    • Designing board policies, ethical guidelines, and stakeholder communication frameworks.
    • Ensuring adherence to Companies Act, SEBI regulations (for listed entities), and FEMA (for cross-border transactions).
  2. Financial Structuring & Risk Management
    • Capital restructuring for optimal debt-equity balance.
    • Liquidity planning and working capital optimization.
    • Fraud prevention strategies and internal control mechanisms.
  3. Business Process Reengineering (BPR)
    • Identifying bottlenecks in workflows (e.g., loan processing, customer onboarding).
    • Implementing Lean & Six Sigma methodologies for cost reduction.
  4. Digital Transformation for Financial Firms
    • Digitalization of financial products.
    • AI-driven credit scoring models and automation tools.

Why Choose Finnovations for Business Consultancy?

✅ Regulatory Expertise – Deep knowledge of RBI, SEBI, IRDAI, and MCA compliance.
✅ Industry-Specific Solutions – Tailored for NBFCs, fintech, and SMEs.
✅ End-to-End Support – From SOP drafting to staff training and implementation.
✅ Global Benchmarking – Leveraging best practices from our UAE, Africa, and Indian operations.

Case Study Example:

*”For a Kerala-based NBFC, we redesigned their loan recovery SOPs, reducing NPA (Non-Performing Assets) by 22% in 6 months through automated reminders and legal process mapping.”*

Next Steps

📞 Consultation – Discuss your business challenges with our experts.
🔍 Diagnostic Audit – Get a free gap analysis of your current processes.
📜 Custom Proposal – Receive a tailored consultancy roadmap.

Let’s transform your business with precision and innovation!