CNN Central News & Networks / ITDC India ePress / ITDC News /Agencies/ Bhopal: New Delhi. DJT Microfinance has appointed Sunil Sharma as National Head, Risk Control, Vigilance and Audit. With this appointment, Sharma will lead responsibilities linked to risk control, vigilance and audit in the company. These areas are aimed at maintaining transparency in financial processes, identifying potential risks and making the internal control system effective.
The focus will remain on risk control and vigilance. In the microfinance sector, the role of risk management and internal audit is important. Financial institutions have to continuously monitor various risks linked to loan disbursal, operational processes and regulatory compliance. In such a situation, leadership of risk control, vigilance and audit can help strengthen organisational accountability and procedural discipline.
With Sunil Sharma’s appointment, he will have the responsibility of advancing coordination and the monitoring system across these work areas.
The importance of internal control in the microfinance sector remains significant. Microfinance institutions play a role in taking financial services to small business owners and families with limited incomes. In this sector, strong internal controls, regular audits and timely identification of risks are necessary for institutional stability.
However, information is not available on Sunil Sharma’s previous experience, his priorities in the new role and the company’s detailed official comment on the appointment. Once these details come out, there may be more clarity on his work area and the company’s upcoming plans.
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