BAC provides a structured, systematic oversight of the organization’s governance, risk management and internal control practices. The committee assists the board and management by providing findings/observation reports, advice and guidance on the adequacy and effectiveness of control measures in the organization. BAC also oversees financial reporting and external audit matters, supporting to maintain the highest standards of integrity of the financial reports.
BIRCC oversees and review on the establishment, effectiveness, and implementation of a risk management framework. It also defines different risk appetite and sectoral exposures in business and reviews the actual performances. It ensures that the transactions are undertaken with due consideration of associated risks and risk mitigation tools. BIRCC also review the outcome of the undertaken business from risk perspectives and take corrective actions, when needed.
BCC oversees the credit and lending policies and strategies and objectives of the Bank, including oversee the credit risk management, review and approve credit related products, review the quality and performance of the Bank’s credit portfolio and take decision on credit proposals.
RNC is for reviewing and approving the employee related policies, employee remuneration and facilities, requirement of level wise number of employees including expats and management level employees. The committee deliberate, review and make prudent decisions on HR matters viz a viz market standards and practices in accordance with bank’s long-term strategy/vision and encourage the employees to adopt to the professional culture in the Bank.
ITSC is for setting the IT Strategies and Policies. The Information and Technology Steering Committee is responsible for establishing strategies and policies related to technology that are key to the long-term development of the Bank’s services. Assessing the bank’s technical capabilities; Responsible for setting technology and information priorities and overseeing and guiding the Bank’s Core Banking system, other system capabilities, assessing the IT related risks and building risk mitigants. It also receives and review updates on major IT performance, IT priorities, IT budgets and IT system performances.
