We are all in the midst of an unprecedented crisis in the wake of the outbreak of COVID 19 Novel virus cases that are being detected across states. We are trying our best to keep our call centers open to serve you . However we are experiencing a surge in call volumes. We request your patience if you are trying to reach us.
We know it must be frustrating for you not to get an immediate response or to be on hold for a long period. Our sincere apologies for keeping you waiting.
Please be assured that we are trying our best to continue serving you.
We wish you, your family and friends a safe and healthy environment.
Customers should not respond to any messages or call asking for the OTP to avail the benefit of EMI Moratorium.
Thanking you and assuring our best services always.
The Company has a judicious mix of Executive and Non-Executive Directors on its Board. At present, there are seven directors on the Board. The Chairman of the Company is an Independent Non Executive Director & Vice Chairman and Managing Director serve as Executive Director. More than one-half of the Board of the Company consists of Independent Directors which includes one independent women director.
The terms of reference of the Audit Committee are wide enough to cover the matters specified under Listing Regulations, the Reserve Bank of India Guidelines and Section 177 of the Companies Act, 2013.
The Audit Committee is responsible for the oversight of the company’s financial reporting process to ensure that the information contained therein is correct, sufficient and credible. The committee also reviews changes to accounting policy, approves new appointments to internal auditor positions, reviews compliance with employee benefit agreements and monitors adherence to the company’s Code of Ethics.
The Nomination and Remuneration Committee is responsible for recommending Board appointments, as well as total size and composition. The committee also consults on budgets for Board-related expenses and on allotment of shares to eligible employees. Succession of Managing Directors and review for other Senior Management positions also falls to the committee.
The Stakeholders’ Relationship Committee primarily works to redress the complaints or dissatisfactions of shareholders and investors and helps to monitor the management’s compliance with the managerial Code of Ethics.
The Corporate Social Responsibility Committee has been entrusted with the responsibility of formulating and recommending to the Board, a Corporate Social Responsibility Policy (CSR Policy) indicating the activities to be undertaken by the Company, monitoring the implementation of the framework of the CSR Policy and recommending the amount to be spent on CSR activities.
The Asset Liability Committee reviews the results, progress and implementation of decisions made in earlier meetings. Those decisions typically pertain to liquidity risk management, management of market risks, funding and capital planning, profit planning and growth projection, and forecasting and preparation of contingency plans.
The Risk Management Committee provides comprehensive tools for monitoring and managing credit and market risk and fraud control. The Committee also ensures compliance with PMLA guidelines related to money laundering. Review of progress in implementation of previous decisions and of top delinquent customers for each region round out the committee’s duties.
The Management Committee reviews operations from time to time and also formulates and reviews corporate objectives and strategies, including long range plans for expansion/diversification of the Company’s activities within the Board’s approved directions/framework
The Company has an efficient Internal Audit Department and an adequate control mechanism with well-defined structure and processes to prevent revenue loss and/or misappropriation of funds and other company assets. The Internal audit Department is vested with the tasks and responsibility of ensuring that various departments and process owners exhibit adequate process compliance discipline in their business decision.
Both onsite audit for SBUs and branches, and off-site audit covering other functions and departments are conducted periodically, covering the entire range of business processes, functions and domains.
For more details view & download the following document List of Committees.