Due diligence refers to the process of research and analysis that is done before an acquisition, investment, business partnership or bank loan in order to determine the value of the subject of the due diligence or whether there are any major issues or potential issues. It is a kind of investigation and enquiry which the person needs to consider before entering into some form of contract or agreement. Due diligence is carried out as a procedure where one party conducts a detailed investigation into the affairs of the business.
In the Banking sector the Diligence Report plays a vital role. With the passage of time it was observed that the relaxations meant for providing flexibility to the borrowing community also have contributed to various types of frauds, the incidence of frauds mainly to the lack of effective sharing of information about the credit history and the conduct of account of the borrowers among various banks. Accordingly, RBI has made it mandatory for the Banks to obtain regular certification of Diligence Report from a professional.
The purpose for which due diligence has been carried out may vary for everyone, depending on the specific object they want to enquire. There are various types of due diligence such as Tax Diligence, Financial Due Diligence, Legal & Compliance Due Diligence etc.
We can provide complete, consistent, high-quality services, solutions and insights while conducting due diligences with the sole objective to generate valuable and trustworthy due diligence reports for our clients.
