Sr.No.

 Particulars

Information

2.

Powers and duties of officers and employees

Officers: Supervisory and financial:

1. Obtaining and utilising financial data for the purpose of funds management.

2. Obtaining and utilising financial data relating to Bank's investments for the purpose of accounting

3. Approving financial transactions entered into by Front Office with counterparties and confirmation of the same

4. Consolidation and generation of various accounting statements relating to the bank's investments

5.Transacting business with RBI and other banks

6. Correspondence with RBI, banks, Mutual Funds, CCIL, ROs, etc.

7. Compliance with RBI Inspection and concurrent audit observations

8. Putting up cases in respect of issues raised by ROs, Banks, etc.

9. Approving financial transactions in respect of release of refinance / subsidy to banks.

10. Remittance of funds

11. Execution of all powers delegated to officers under NABARD Expenditure Rules, 1998, including sanction of expenditure signing Balance Sheet and Profit & Loss A/c, submission of OSMOSIS statement to RBI by the CGM of FAD.

12. Accounting transactions

13. Front Office functions of Treasury managemnt- viz; dealing in Govt. Securities, Call Money market, Repo transactions, T-Bills, BRDS, short term deposits, etc; Financial powers for investments delegated at different levels.

14. Fixing of exposure limits for investments for different FIs. review of investment strategies, inflation forecasting and views on interest rates.

15. Dealing in Derivative instruments like interest rate swaps, futures and currency swaps

16. Functions related to Market Risk management and ALM- Monitoring adherence of investment parameters, viz; deviation, value at risk, etc.- reviewing dealer-wise limits

17. CGM, FAD, convenes ALCO, Market Risk Management Committee and Investment Committee meetings.

18. Authorising inter-bank payments, inter-bank investments, viz; call money, Term deposits, Mutual Fund instruments, etc. discharging TDRs on maturity.

Employees:

1. Data entry

2. Accounting

3. Putting up cases

4. Providing logistics support, filing, etc

3.

Procedure followed in the decision making process, including channels of supervision and accountability

Where financial transactions are involved approvals/sanctions are obtained from officers in terms of delegated powers. 3 to 4 levels of supervision/checking is ensured before a transaction is put through. Decisions affecting policy or practice are generally taken at the highest level in the hierarchy. Accounting software provides for 4 levels of checking and approval, besides accountability. Decisions involving profitability of bank are taken at board level. decisions on major accounting policies are taken by the ED. all decisions taken are subject to review by the Statutory Auditors appointed by GOI as well as RBI inspection. For decisions on ALM and market risks the ALCO and the MRMC are the decision making body and are subject to review by the Rsik Management Committee of the Board / Executive Committee / Board of Directors. The Investment committee meeting conducted every week reviews the investment portfolio. Fortnightly meeting of ALCO and bi-monthly meeting of MRMC.

4.

Norms set by it for the discharge of its functions

Functions performed within the framework of rules and regulations stipulated from time to time. Adequate safeguards positioned for financial transactions. Norms followed on the basis of accounting standards prescribed by the Institute of CA's, provisions of NABARD Act, Income Tax Act, etc.

5.

Rules, regulations, instructions, manuals and records, held by it or under its control or used by its employees for discharging its functions

Functions, procedures, accounting, etc. carried out in terms of instructions set out in the Loaning Operations and Administrative Expenses Manual, Expenditure Rules and Delegation of powers. On-line accounting and software for maintenance of Books of accounts prescribed. Instructions issued by RBI from time to time, on-line support from NDS of RBI and CCIL.

6.

A statement of the categories of documents that are held by it or under its control

Cheque books, Share certificates of companies/ subsidiaries of NABARD

7.

Particulars of any arrangement that exists for consultation with, or representation by, the members of the public in relation to the formulation of its policy or implementation thereof

Formal and Informal meetings with Financial Institutions conducting business with the bank.

11.

Budget allocated to each of its agency, indicating the particulars of all plans, proposed expenditures and reports on disbursements made

Annual budget for Bank's administrative expenditure and resource/business budget prepared and approved by the Board. Approved budget advised to all accounting units and HO departments. Utilization of budget monitored through quarterly statements, half yearly and annual review.

12.

Manner of execution of subsidy programmes, including the amounts allocated and the details of beneficiaries of such programmes

Under the Central Investment Subsidy Scheme for Rural Godown and Cold storages as well as other subsidy related programmes funds are received at HO from the respective Govt.agencies. On the basis of applications received from ROs subsidy is released to RRBs and Coop banks through our ROs and for commercial banks their current a/c with RBI, Mumbai, is credited with the subsidy amount. The beneficiaries of these programmes are individuals, co

13.

Particulars of recipients of concessions, permits or authorisations granted

Nil

14.

Details in respect of the information, available to or held by it, reduced in an electronic form

- Release of refinance

- Release of subsidy

- Loan ledgers

- Loaning operations

- Bank's investment-wise and security-wise accounting statements

15.

Particulars of facilities available to citizens for obtaining information

Formal / informal modes of communication. Quarterly financial results of the bank (as required by SEBI) after Board approval and published in newspapers.

17.

Such other information as may be prescribed and thereafter updated publications every year.

Nil