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(i)
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Particulars of its organization, functions and duties
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- Risk Management Department was set up on 02 June 2014. It functions as a Central Department to handle all types of risks in NABARD i.e., credit risk, market risk among treasury and investment operations and operational and compliance risk among all HO Departments and Regional Offices.
- All other functions attendant to the risk management.
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(ii)
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The powers and duties of its officers and employees
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- CGM RMD is the convener of meetings of Risk Management Committee of Board.
- CGM RMD is the Convener for meeting of Committee on Asset Liability Management [ALCO].
- CGM, RMD is the Convener of Enterprise Risk Management Committee (ERMC).
- The officers/employees of the Risk Management Department assist in handling the functions of the Department
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(iii)
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Procedure followed in the decision making process, including channels of supervision and accountability
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The Department is headed by a Chief General Manager. At present, CGM is supported by one General Manager, five Dy. General Managers, five Asst. General Manager, one Sr. Private Secretary and nine Assistant Managers. The Department is supported by one Chief Risk Manager, two Additional Chief Risk Managers and one Risk Manager who are on contract and help to assess various risks and suggest risk mitigation measures. |
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(iv)
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Norms set by it for the discharge of its functions
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The Department, will-
- Review high risk segments quarterly and convene quarterly meetings of Risk Management Committee of the Board
- Analyse the existing risk management structure and mechanism in various credit departments of NABARD where high risk is perceived and identify the weak areas of credit administration and suggest suitable methods, rating tools, procedures to strengthen the risk management process in credit departments/ROs
- Convene Enterprise Risk Management Committee meetings to review Credit risk, market risk, operational risk and compliance risk at quarterly intervals.
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(v)
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Rules, regulations, instructions, manuals and records, held by it or under its control or used by its employees for discharging its functions.
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The Risk Management Department follows-- Provisions of internal circulars/ guidelines issued by the Bank.
- Provisions of NABARD Act 1981, regulatory guidelines issued by Govt. of India, RBI etc.
- Any other rules/guidelines as applicable.
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(vi)
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A statement of the categories of documents that are held by it or under its control
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- MIS for reporting to Top Management, monitoring and controlling risks.
- Returns on risk management among various credit departments and Regional Offices to bring uniformity in credit monitoring and risk mitigation mechanism
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(vii)
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Particulars of any arrangement that exists for consultation with or representation by the members of the public in relation to the formulation of its policy or implementation thereof
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Not applicable
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(viii)
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A statement of the boards, councils, committees and other bodies consisting of two or more persons constituted as its part or for the purpose of its advice, and as to whether meetings of those boards, councils, committees and other bodies are open to the public, or the minutes of such meetings are accessible for public
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Not applicable
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Sr.No.
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Particulars
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Information
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(ix)
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A directory of its officers and employees
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Directory of its Officers and Employees |
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(x)
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The monthly remuneration received by each of its officers and employees, including the system of compensation as provided in its regulations
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Click here |
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(xi)
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Budget allocated to each of its agency, indicating the particulars of all plans, proposed expenditures and reports on disbursements made
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Not applicable
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(xii)
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Manner of execution of subsidy programs, including the amounts allocated and the details of beneficiaries of such programs
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Not applicable
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(xiii)
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Particulars of recipients of concessions, permits or authorizations granted by the organisation
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Not applicable
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(xiv)
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Details in respect of the information available to or held by it, reduced in an electronic form
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Not applicable
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(xv)
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Particulars of facilities available to citizens for obtaining information, including the working hours of a library or reading room, if maintained for public use
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Not applicable
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(xvi)
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The names, designations and other particulars of the Public Information Officers
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Click Here
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(xvii)
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Such other information as may be prescribed and thereafter update these publications every year.
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Not applicable
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