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Home > RTI > Section4(1) > 4 (1) b (iii)

The Right To Information Act, 2005

The procedure followed in the decision making process, including channels of supervision and accountability

The Bank functions under the overall guidance and governance of its Board of Directors and the procedure followed for its decision making process, including channels of supervision is in terms of various policy guidelines and delegation of powers approved by the Board.

There is a well-defined system in the Bank regarding the decision making process. Decisions are taken at various levels by different officials depending upon their positions and also through committee approach.

The main business of the bank, inter-alia, includes acceptance of deposits and extending advances, covering wide range of products and different customer segments. In order to address the different business segments appropriately, each of the business verticals of the Bank has a well-defined process of decision making and channels of supervision.

In respect of proposals pertaining to ICG and CBG, the branches of respective verticals receive such proposals which are recommended to the appropriate sanctioning authority. In the case of RBG (including PSG), proposals are considered by the processing centres and approved by the appropriate sanctioning authority comprising of both committees as well as certain authorized officials of the Bank depending upon the specified Delegation of Powers. There is a defined organizational structure and clear system of accountability in the bank.

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