CRITERIA FOR MAKING PAYMENT TO NON-EXECUTIVE DIRECTORS

All Non-Executive Directors of the Bank (except RBI Nominee Director) are being paid sitting fee for the Board /Committee Meetings attended by them @ Rs. 40,000 for each Board/Committee Meeting, apart from  reimbursement of Boarding/Lodging expenses for attending Board/Committee Meetings.

In addition to above, all Non-Executive Directors (except RBI Nominee Director) are entitled to profit related compensation to the extent of one percent of the profits of the Bank for the relevant financial year, subject to a maximum of Rs 10 Lakhs per annum per Director.

The details of payment made to the Non-Executive Directors in a Financial Year are available in the respective Annual Reports of the Bank.

                Name of the Program

Conducted by

Director(s) attending the Program

Date of Program

Expected credit losses under Ind AS – Virtual Training CRISIL Dr. Rajeev Lochan Bishnoi 08th & 09th June, 2020
One day workshop on Companies Act Topics Covered:
·   Role, Responsibilities, Duties and Liabilities of Directors and Independent Directors for Improving Corporate Credibility and Governance Standards Board Committees & their roles.
·   Secretarial Standards on Board Meetings.
·   Corporate Sustainability & CSR.
·   Financial Literacy for Directors
National Academy of Human Resource Development, New Delhi Mr. R. K. Chhibber
Mr. Sonam Wangchuk
Dr. Rajeev Lochan Bishnoi
Ms. Monica Dhawan
Mr. Naba Kishore Sahoo
18th March, 2020

Certification Programme in IT and Cyber Security for Board Members

Institute for Development and Research in Banking Technology (IDRBT), Hyderabad

Mr. Naba Kishore Sahoo

05th and 06th March, 2020

Certification Programme in IT and Cyber Security for Board Members

Institute for Development and Research in Banking Technology (IDRBT), Hyderabad

Dr. Rajeev Lochan Bishnoi

03rd and 04th February, 2020

Master Class on 'Building Better Boards' Indian Institute of Corporate affairs (IICA) in association with International Finance Corporation (IFC). Dr. Sanjiv Agarwal
Mr. Sunil Chandiramani
Mr. Dhaman Kumar Pandoh
Mr. Mohammad Maqbool Rather
Mr. Mohammad Ashraf Mir
Mr. Rahul Bansal
27th & 28th of August 2018

Conference of Heads/Members of Audit Committee of Boards of Bank to effectively play their role and enhance Governance Standards

Center for Advanced Financial Research & Learning – RBI Initiative

Mr. Rakesh Kumar Gupta
(Chairman – ACB)

5th November, 2012

Program for Independent Directors

The Institute for Development & Research in Banking Technology

Dr. Nissar Ali
(Non Executive Director)
Mr. Vikrant Kuthiala
(Non Executive Independent Director)

18-19th Feb. 2013