The Risk Management Policy has been framed taking into consideration the guidelines/ circulars issued by Reserve Bank of India from time to time, recommended by the Inspection & Audit Compliance Sub-Committee and approved by the BoM/Board of Directors in its meeting held on 20.03.2024/30.03.2024 vide Resolution No.A.1(g)(iv) as under :

As per RBI guidelines, Banks in India are required to implement effective Risk Management System in the area of credit, market and operational risks and provide adequate capital to meet them.