We have found a new home! Know More Apply Now Track App. Bank’s Philosophy on Code of Governance The Bank shall continue its endeavor to enhance its shareholders’ value by best forex system 20111 their interest by ensuring performance at all levels and maximizing returns with optimal use of resources in pursuit of excellence.
The Bank shall comply with not only the statutory requirements but also voluntarily formulate and adhere to a set of strong Corporate Governance practices. Act, 1970 and is regulated by Reserve Bank of India. Sub -Committees of the Bank No. 2015 for a period of 3 years or until further orders, whichever is earlier.
Act, 1970, to hold office up to 30. Act, 1970, for a period upto 30. Act, 1970 to hold the post until further orders. The New India Assurance Company Ltd. Nominated as Officer Employee Director w. Act, 1970 for a period of three years or till he ceases to be an Officer of the Bank or until further orders, whichever is earlier. Nominated as Part-time Non-official Director w.
Act, 1970, under Chartered Accountant category for a period of three years or until further orders, whichever is earlier. North Eastern Electric Power Corporation Ltd. Nominated as a Part Time Non-official director w. Act, 1970, for a period of 3 years or until further orders, whichever is earlier. Act, 1970, for a period of 3 years from 24.
Vishwamitri River Front Development Corporation Ltd. Act, 1970, for a period of 3 years from 12. Cessation of Directors during the Year: Appointments Prof. Biju Varkkey has been nominated as a Part Time Nonofficial director w. Shri Gopal Krishan Agarwal has been nominated as Part-time Non-official Director w. He is Chartered Accountant with rich experience.
2016 for a period upto 30. 2017 for a period upto 30. She has rich banking experience with SBI group across various key areas such as IT Security, ALM, HR, Treasury Management etc. 2017 to hold the post until further orders. He holds the position of Regional Director, Reserve Bank of India, Lucknow. Cessations Shri Bhuwanchandra B Joshi Executive Director, ceased to be Executive Director w.
2017 on his attaining the age of superannuation from the Bank’s service. Surekha Marandi, Director, ceased to be a Director w. 2017 on the appointment of Shri Ajay Kumar in her place. 20th Annual General Meeting The 20th Annual General Meeting of the shareholders of the Bank for FY 2015-16 was held on Friday, 24th June 2016 at Vadodara, where the following Directors were present.
Ceased to be member during the year. Code of Conduct The Code of Conduct for Board of Directors and Senior Management Personnel i. The said Code of Conduct is posted on Bank’s website i. Government of India from time to time. Ministry of Finance, Government of India from time to time. Constitution: Constituted in terms of Government of India Gazette Notification No.
Purpose: The Committee shall exercise the powers of the Board with regard to credit proposals upto Rs 400. CEO and which were hitherto considered by the Management Committee of the Board, will now be sanctioned by the CACB. Constitution: Constituted under RBI guidelines issued vide Circulars dated 26. Purpose: The main functions of Audit Committee, interalia, include assessing and reviewing the financial reporting system of the Bank to ensure that the financial statements are correct, sufficient and credible.