Scroll Down
About Us

Risk Management Department

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
  • Market Risk
  • Operational Risk
  • Compliance Risk
  • IT Risk/Security

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)

Scroll Up