Sr.No.

 Particulars

Information

1.

Powers and duties of officers and employees

Officers: Supervisory and financial:

1. Obtaining and utilising financial data for the purpose of funds management, including investment/ accounting etc.

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

3.Transacting business with RBI and other banks

4. Compliance with RBI Inspection and concurrent audit observations

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

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

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

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

9. Investment Committee meeting

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

11. Mobilisation of funds (Bonds, CDs, Corporate Borrowings, etc)

Employees:

1. Data entry

2. Accounting

3. Putting up cases

4. Providing logistics support, filing, etc

2.

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/Alco level. All decisions taken are subject to review by the Statutory Auditors appointed by GOI as well as RBI inspection. The Investment committee meeting conducted every week reviews the investment portfolio.

3.

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.

4.

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.

5.

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

Cheque books, Share certificates/ Fixed Deposit Receipt of companies/ subsidiaries of NABARD

6.

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.

7.

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

Resource/ business budget prepared and approved by the Board. Utilisation of budget monitored through periodical returns.

8.

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

Under the Capital 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, cos etc.

9.

Particulars of recipients of concessions, permits or authorisations granted

Nil

10.

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

11.

Particulars of facilities available to citizens for obtaining information

Formal / informal modes of communication.

12.

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

Nil