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

Core functions of the Department

• 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

Shri R Inigo Arul Selvan
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)