Policy | Description | Implementation |
|---|---|---|
| Policy on matters relating to Board of Directors (Board Charter) | Outlines the roles and responsibilities of the Board of Directors in overseeing strategy and governance of the Bank. | Board meets biweekly, performance reviewed annually, compliance with rules and regulations ensured. |
| Policy on Board Committees | Defines the roles and responsibilities of various Board committees to ensure effective governance and regulatory compliance. | Committees meet as per respective Charters of the committees, report to the Board, and ensure adherence to rules and regulations. |
| Policy on Corporate Governance, Nomination, and Election (Corporate Governance Policy) | All governance related policies are incorporated into this, and it includes a policy on Appointment of Directors. | Ensures adherence to the corporate governance rules and regulations. Election process managed according to Government guidelines. |
| Policy on Remuneration for Directors & Policy on Remuneration for Key Management Persons | Sets guidelines for the remuneration of Directors and Key Management Persons in alignment with government policies. | Remuneration of Directors are based on the Government guidelines. Remuneration of KMPs are reviewed once in three years by the HR and Remuneration Committee and recommended to the Board. |
| Policy on Internal Code of Business Conduct and Ethics Two separate policies; one for Directors and the other for employees | Establishes standards for ethical conduct and integrity for all Directors and employees. | Directors do an annual certification on compliance. Regular training for employees, compliance monitored by the Internal Audit team. |
| Policy on Integrated Risk Management | Details the framework for identifying and managing risks | Risk assessments conducted monthly as well as quarterly |
| Policy on Relations with Shareholders and Investors (Communication Policy) | Defines the process for engaging with the government, the sole shareholder, and other stakeholders. | Annual reports issued, and manage stakeholder engagements |
| Policy on Environmental, Social, and Governance (ESG) Sustainability | Focuses on the Bank's commitment to sustainability and ESG practices. | ESG initiatives overseen by the Sustainability Committee, with reports on progress |
| Policies on Control and Management of Company Assets | Governs the control and management of assets and investments. | Asset management reviewed annually; investment decisions aligned with strategic objectives. |
| Policy on Corporate Disclosures | Ensures accurate and timely disclosures to the stakeholders and regulatory bodies. | Disclosures are made as per the policy. |
| Policy on Whistle blowing | Encourages reporting of unethical behaviour anonymously. | Whistleblower hotline available, reports submitted by CIA and reviewed by Audit Committee. |
| Policy on Anti-Bribery and Corruption | Emphasizes zero tolerance for bribery and corruption in all business dealings. | Anti-bribery training regular audits, and compliance monitoring |
