Page 260 - NHB AR 2020-21-3 complete- Print (1)
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• Operational Risk Management Committee (ORMC) for monitoring the operational risk
• Special Mention Accounts Committee (SMAC) for monitoring of special mention
accounts
• Fraud Monitoring and Examination Committee (FMEC) for monitoring of frauds in
Bank.
NHB also has in place a Board appointed Risk Management Advisory Committee (RMAC)
with two external members who are experts in banking and finance. During the year, the
Committee met six times to review NHB’s risk management policies and functions in relation
to the three areas of risk i.e. Market Risk, Credit Risk and Operational Risk.
During the year, the activities undertaken by the Department were 94 Credit Ratings, 36
Loan Reviews, 26 ALCO Meetings, 4 SMA Meetings, 4 CRMC Meetings, 4 ORMC Meetings,
26 Rating Committee Meetings, 6 RMAC Meetings, 4 FMEC Meetings, timely compliance
of RBI’s observations, mid-office work viz. daily valuation of trading book, preparation of
weekly agenda for Fund Management and Investment Committee (FMIC), daily reporting of
Net Overnight Open Position (NOOP) to Senior Management, submitting regulatory returns
and timely review of Policies of the Bank.
3.7 Information Technology
The Bank is committed towards effective and efficient use of Information Technology. The
Bank’s goal is to setup and ensure a secure and reliable technology-based infrastructure for
improving efficiency, productivity, and service at large. In this regard, the Bank has setup
a secure network with next generation firewalls with other security infrastructure such as
internet traffic filtering and proxy servers, DDoS enabled Internet Links, network zoning,
SSL, secure messaging gateway to protect and safeguard its network.
The Bank has enabled various services over internet such as Website, GRIDS, ORMIS,
RESIDEX and CLSS portals to its stakeholders, which are made 24x7 accessible over Internet.
Further, Bank has facilitated various services such as SAP employee portal, Internet Protocol
(IP) based Telephony System, Exchange Mail, MS Lync, File Servers, Video conference facility
etc. on 24x7 basis for its employees for effective utilization of underlying IT infrastructure.
The Bank has setup virtual office environment in view of providing seamless connectivity to
IT infrastructure over Internet, to enable its officers to work from anywhere. The facility was
fully used during lockdown and ensured the continuity of work. Further, the Bank has setup
DR site for its critical applications and the same are tested at regular interval by conducting
DR Drills, as per its BCP guidelines.
The Bank’s IT system and infrastructure is regularly being upgraded /replaced with the
guidance and advice received from the Information Technology Committee.
240 | Annual Report 2020-21
• Special Mention Accounts Committee (SMAC) for monitoring of special mention
accounts
• Fraud Monitoring and Examination Committee (FMEC) for monitoring of frauds in
Bank.
NHB also has in place a Board appointed Risk Management Advisory Committee (RMAC)
with two external members who are experts in banking and finance. During the year, the
Committee met six times to review NHB’s risk management policies and functions in relation
to the three areas of risk i.e. Market Risk, Credit Risk and Operational Risk.
During the year, the activities undertaken by the Department were 94 Credit Ratings, 36
Loan Reviews, 26 ALCO Meetings, 4 SMA Meetings, 4 CRMC Meetings, 4 ORMC Meetings,
26 Rating Committee Meetings, 6 RMAC Meetings, 4 FMEC Meetings, timely compliance
of RBI’s observations, mid-office work viz. daily valuation of trading book, preparation of
weekly agenda for Fund Management and Investment Committee (FMIC), daily reporting of
Net Overnight Open Position (NOOP) to Senior Management, submitting regulatory returns
and timely review of Policies of the Bank.
3.7 Information Technology
The Bank is committed towards effective and efficient use of Information Technology. The
Bank’s goal is to setup and ensure a secure and reliable technology-based infrastructure for
improving efficiency, productivity, and service at large. In this regard, the Bank has setup
a secure network with next generation firewalls with other security infrastructure such as
internet traffic filtering and proxy servers, DDoS enabled Internet Links, network zoning,
SSL, secure messaging gateway to protect and safeguard its network.
The Bank has enabled various services over internet such as Website, GRIDS, ORMIS,
RESIDEX and CLSS portals to its stakeholders, which are made 24x7 accessible over Internet.
Further, Bank has facilitated various services such as SAP employee portal, Internet Protocol
(IP) based Telephony System, Exchange Mail, MS Lync, File Servers, Video conference facility
etc. on 24x7 basis for its employees for effective utilization of underlying IT infrastructure.
The Bank has setup virtual office environment in view of providing seamless connectivity to
IT infrastructure over Internet, to enable its officers to work from anywhere. The facility was
fully used during lockdown and ensured the continuity of work. Further, the Bank has setup
DR site for its critical applications and the same are tested at regular interval by conducting
DR Drills, as per its BCP guidelines.
The Bank’s IT system and infrastructure is regularly being upgraded /replaced with the
guidance and advice received from the Information Technology Committee.
240 | Annual Report 2020-21
