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(i)
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Particulars of its organization, functions and duties
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- Risk Management Department was set up on 02 June 2014. It functions
as a Central Department to handle all types of risks in NABARD
i.e., credit risk, market risk among treasury and investment
operations and operational and compliance risk among all HO
Departments and Regional Offices.
- All other functions attendant to the risk management.
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(ii)
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The powers and duties of its officers and employees
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- Duties as indicated in Sr. No. (i) above and powers to be exercised
as per NABARD Staff Rules 1982 and NABARD Expenditure Rules,
2023.
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(iii)
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Procedure followed in the decision making process, including channels of
supervision and accountability
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- Level of hierarchy is maintained in relation to decision making,
supervision and accountability.
- All decisions are taken at the HOD Level after internal discussions.
- Supervision is done by DGMs.
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(iv)
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Norms set by it for the discharge of its functions
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The Department, will-
- Review high risk segments quarterly and convene quarterly meetings
of Risk Management Committee of the Board (RMCB);
- Analyse the existing risk management structure and mechanism in
various business departments of NABARD where high risk is
perceived and identify the weak areas of credit administration
and suggest suitable methods, rating tools, procedures to
strengthen the risk management process in business
departments/ROs;
- Convene meetings of Enterprise Risk Management Committee (ERMC),
Credit Risk Management Committee (CRMC), Market Risk Management
Committee (MRMC), and Operational Risk Management Committee
(ORMC) to review credit risk, market risk, operational risk, and
compliance risk at quarterly intervals.
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(v)
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Rules, regulations, instructions, manuals and records, held by it or under its
control or used by its employees for discharging its functions.
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The Risk Management Department follows;
- Provisions of NABARD Act 1981
- NABARD General Regulations 1982 and NABARD Additional General
Regulations 1984
- NABARD Staff Rules 1982
- NABARD Expenditure Rules 2023
- RTI Act 2005
- Provisions of internal circulars/ guidelines issued by the Bank from
time to time
- Regulatory guidelines issued by Govt. of India, Reserve Bank of
India, etc.
- Any other rules/guidelines as applicable
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(vi)
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A statement of the categories of documents that are held by it or under its
control
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- MIS for reporting to Top Management, monitoring, and controlling
risks.
- Agenda Notes, Attendance, Minutes and proceedings of the Meetings of
Board and its Committees.
- Returns on risk management from Business Departments and Regional
Offices to bring uniformity in credit monitoring risk mitigation
mechanism.
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(vii)
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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
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Not applicable
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(viii)
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A statement of the boards, councils, committees and other bodies consisting of
two or more persons constituted as its part or for the purpose of its advice,
and as to whether meetings of those boards, councils, committees and other
bodies are open to the public, or the minutes of such meetings are accessible
for public
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Not applicable
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Sr.No.
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Particulars
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Information
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(ix)
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Directory of its Officers and Employees
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Directory of
its Officers and Employees |
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(x)
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The monthly remuneration received by each of its officers and employees,
including the system of compensation as provided in its regulations
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Click here |
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(xi)
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Budget allocated to each of its agency, indicating the particulars of all plans,
proposed expenditures and reports on disbursements made
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Not applicable
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(xii)
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Manner of execution of subsidy programs, including the amounts allocated and the
details of beneficiaries of such programs
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Not applicable
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(xiii)
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Particulars of recipients of concessions, permits or authorizations granted by
the organisation
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Not applicable
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(xiv)
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Details in respect of the information available to or held by it, reduced in an
electronic form
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Not applicable
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(xv)
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Particulars of facilities available to citizens for obtaining information,
including the working hours of a library or reading room, if maintained for
public use
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Not applicable
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(xvi)
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The names, designations and other particulars of the Public Information Officers
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Click Here
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(xvii)
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Such other information as may be prescribed and thereafter update these
publications every year.
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Not applicable
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