Audit Committee
Assists the Board in discharging its responsibilities relating to the Bank’s accounting policies, internal audit controls, compliance procedures, risk management systems, financial reporting  function and liaise with the Bank external auditors and regulator.
 

Nomination, Remuneration & Corporate Governance Committee
Establishes procedures for the selection and recommendation of candidates suitable for appointment to the Board, assists in ensuring that appropriate remuneration policies are in place which is designed to meet the needs of the Bank and enhance corporate and individual performance and assists in overseeing the development and the regular assessment of the Bank’s approach to corporate governance issues.


Executive Risk Committee Board
Ensures implementation of the risk management framework and maintenance of adequate and capable infrastructure to support the framework.

 

Various functional committees headed by C.E.O/Deputy C.E.O are also set up at the executive level. These are:
 

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



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



Credit Committee
Approves credit proposals up to certain specified amounts as delegated by the Board.


Risk Committee
Oversees the implementation, interpretation and follow up of the risk policies and promotes a sound risk culture within the bank.



IT Committee
Reviews and manages the overall IT strategy, with a focus on the projects under implementation and to provide a forum for user IT interfaces.



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



Branch Business Development & Coordination Committee 
Discusses business targets, achievements and monitors / helps improving co-ordination  between branches.



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



HR Committee 
Reviews the salary compensations, increments, benefits to employees and discusses any other employee related issues.



Basel Committee 
Coordinates implementation of Basel II standards in all areas of Risk Management and other functions across the Bank & implements Basel III guidelines as applicable to the Bank.