The Risk Management Department of NABARD was set up on June 2, 2014 to function as the Nodal Department to handle all types of risks in NABARD, including:
- Credit Risk among Credit Dispensing Departments
- Market Risk among treasury and investment operations
- Operational Risk among all Head Office Departments and Regional Offices
- Compliance Risk among all Head Office Departments and Regional Offices
- IT Risk/Security among all Head Office Departments and Regional Offices
The Department is headed by the Chief General Manager, who is also the Bank’s Chief Risk Officer.
Core functions
- Placement of a sound risk management framework in the Bank;
- Formulation and revision of the 'Enterprise Risk Management Policy' and other critical risk management related policies of NABARD;
- Identification and diagnosis of Credit Risks in NABARD through introduction of proper policies, systems, standard operating procedures, risk rating tools/models, stress testing, exposure limits, and forecast mechanisms;
- Management of Market Risks within acceptable level;
- Execution of functions relating to Operational Risk and Compliance Risk in NABARD;
- Coordination with the Government of India, the Reserve Bank of India, and rating agencies on risk-related matters;
- Apprising the Top management and Risk Management Committee of the Board regarding the status of enterprise level risks, the risk mitigation systems in place, etc;
- Framing policies and frameworks for compliance of BASEL III guidelines;
Broad Achievements
- Comprehensive 'Enterprise Risk Management Policy' put in place;
- Enterprise Risk Management framework implemented through ERMS software as a risk monitoring system;
- ICAAP policy and Stress testing policy to ensure compliance with BASEL III guidelines;
- Regular ALCO (Asset Liability Committee) Meetings addressing Market Risk related issues conducted;
- Internal Risk Rating Models introduced for various clients and reviewed periodically;
- RCSA framework implemented through development of Software to capture Operational Risk events.
- Introduction of Guidelines relating to non-performing asset (NPA) management, client-specific exposure norms and guidelines for debarring of NGOs/other agencies by NABARD;
- Major Operational Risks and incidents identified and risk mitigation systems put in place;
- Risk vetting of the policies of NABARD;
- Comprehensive Enterprise wide Business Continuity Management Plan put in place;
- Implementation of Compliance Risk monitoring system;
- Creating Risk awareness culture across the organisation;
- Capacity building of NABARD staff through regular interaction with stakeholders;
Contact Information
Smt Suparna Tandon
Chief General Manager
3rd Floor, 'C' Wing C-24, 'G' Block
Bandra-Kurla Complex, Bandra (East)
Mumbai 400 051
Tel: (91)022-68120020
E-mail Address: rmd@nabard.org
Information under RTI – Section 4(1)(b)