Audit Committee
  Assists the Board of Directors in discharging its responsibilities relating to the bank’s
   accounting policy, internal audit controls, compliance procedures, risk management
   functions. Ensures the integrity of the financial statements, reviews the performance
   of the internal audit function & liaises with the external auditors and regulators.
 

  Remuneration Committee
  Sets the guidelines for performance evaluation, salary, bonus, managing the bank’s
   compensation arrangement, and decision making for executive management.

 

All the below mentioned meetings are chaired by the CEO & the Managing Director.
All the meetings are held on a monthly basis, except for the Senior Management
Committee meeting held on a fortnightly basis and the Senior Credit Committee
meeting which is held once every week.
 

  Senior Management Committee
  Reviews and monitors progress on strategic initiatives, including regulatory, financial,
   operational and compliance issues.
 

  Asset Liability Committee
  Sets guidelines for the overall management of the liquidity risk & interest rate risk;
   determines the funding strategy of the bank in order to maximize net interest income at
   minimal risk.
 

  Senior Credit Committee
  Implements the Credit Policy as authorized by the Board; inclusive of approval of the  
   credit related proposals, renewal of facilities, business services and reviews new credit
   related products.

  Risk Management Committee
  Oversees the implementation, interpretation and follow up of the risk policy & establishes
   guidelines for all lending activities to promote a sound risk culture within the bank.

  Information Technology Committee
  Reviews and manages the overall IT strategy, with a focus on the projects under
   implementation and provides a forum for user-IT interface.

  Disclosure Committee
  Enables the bank in adhering to the disclosure requirements & provides guidelines to be
   followed for the relevant disclosures, required as per regulation.