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This mid-sized HFC has a 10-member central team managing internal audit for 2000+ branches across India. Audit360 helped improve efficiency of operations and helped build capacity.
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Microfinance Institutions play a crucial role in promoting financial inclusion, serving clients who are often excluded by traditional banks, particularly in rural or low-income areas. Their operations tend to involve many small transactions, higher credit risk, limited collateral, a diverse client base, and often complex regulatory landscapes. Because of this, robust internal audit practices and strong internal control in microfinance institutions are fundamental for stability, credibility, and sustainable growth.
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