Circulars

Board Meetings of Regional Rural Banks- Discussions on Performance Appraisal Reports (PAR) of banks

Ref. No. NB.HO.IDD.RRB Policy/ 625 /RRB- 316 /2021-22

02 December 2021

The Chairman
All Regional Rural Banks

Madam/Dear Sir

Board Meetings of Regional Rural Banks – Discussions on Performance Assessment Reports (PAR) of banks

Please refer to our letters No. NB.DoS.HO/OSS/2479/P.177/2016-17 dated 25 October 2016 and No. NB.DoS.HO/OSS/3371/P.177/2017-18 dated 29 November 2017, advising RRBs to (i) generate Performance Assessment Report (PAR) from the ENSURE portal on submission of OSS returns for each quarter (ii) self-monitor the performance on a continuing basis (iii) place the PAR before the Top Management/Board and (iv) to communicate the plan of action drawn up and/or corrective actions initiated based on the PAR, from time to time, to the Regional Office of NABARD.

??? In continuation thereto, we now advise as under:

(i)The PAR of the bank may invariably be included as a regular item of agenda (on a quarterly basis) for meetings of Board of Directors, with due analysis, for facilitating detailed deliberations and improvement of the financials of the bank.

(ii) This may also appropriately be covered in the relevant proceedings.

(iii) A brief note highlighting the detailed deliberations and salient outcome of the above agenda item may be sent to IDD, HO, NABARD (idd@nabard.org) on a half-yearly basis, in the enclosed format, by 10th of the succeeding month.

(iv) A note indicating the item-wise plan of action drawn up and corrective actions initiated, may be communicated to RO, NABARD, from time to time, as already advised.

(v) Information for the Half Years ended 31 March 2021 and 30 September 2021 in the said format may please be submitted to IDD, HO, NABARD, latest by 20 ??????? 2021.

Please acknowledge

Sincerely

(B Sridhar)
General Manager

Enclosure: As above

FORMAT

Board Meetings of Regional Rural Banks – Discussions on Performance Assessment Reports (PAR) of banks

Name of bank

Report for the HY ended ____________

(to be submitted by 10th of the succeeding month)

Sr. No Board Meeting held on Agenda item No. Agenda, in brief Meeting attended by Deliberations in brief Salient outcomes
1
2
3

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