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Risk Management Department
1.  Genesis
 
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
 
The Department is headed by the Chief General Manager, who is also the Bank’s Chief Risk Officer and the Chief Compliance Officer.
 
2.  Core functions of the Department
 
  • Placement of a sound risk management framework in the Bank;
  • Formulation and revision of the 'Enterprise Risk Management Policy' of NABARD;
  • Identification and diagnosis of Credit Risks in NABARD through introduction of proper policies, systems, standard operating procedures, risk rating tools 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;
3.  Broad Achievements of the Department
 
  • Comprehensive 'Enterprise Risk Management Policy' put in place;
  • Regular ALCO (Asset Liability Committee) Meetings addressing Market Risk related issues conducted;
  • Internal Risk Rating Models introduced for various clients and reviewed periodically;
  • 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 identified and risk mitigation systems put in place;
  • 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
 
Shri. S. Selvaraj
Chief General Manager
3rd Floor, 'C' Wing
C-24, 'G' Block
Bandra-Kurla Complex, Bandra (East)
Mumbai 400 051
Tel: (91) 022-26524836,
Fax: (91) 022-26530018