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1. To evolve a Risk Management System compatible with the nature and the size of the operation
and the risk management philosophy set by the Bank
2. To develop policies, procedures, and practices to ensure that various risks are appropriately
identified, measured, monitored, and managed.
3. To decide the level of risk the Bank should undertake, after its scientific measurement is done,
to achieve optimum return from its various business lines to enhance Bank’s profitability
and capital.
4. To ensure that comprehensive Risk Monitoring system is designed and implemented in
order to manage the risk within the level decided to achieve the planned optimum return.
11. Details of Directors and Key Managerial Personnel
As on 30-06-2021, apart from Managing Director, NHB appointed by the Government of India
under Section 6(1) (a) of the National Housing Bank Act, 1987, there were six other directors on
the Board of Directors of NHB, as per the following composition:
• one Director from among the Board of Directors of Reserve Bank of India, nominated by the
Reserve Bank of India under Section 6 (1) (d) of the Act.
• three Directors from amongst the officials of the Central Government, appointed by the
Central Government under Section 6 (1) (e) of the Act; and
• two Directors from amongst the officials of the State Government, appointed by the Central
Government under Section 6 (1) (f) of the Act.
Currently the Board of Directors are:
• Shri S.K. Hota, Managing Director, National Housing Bank.
• Shri Amrit Abhijat, Joint Secretary to the GOI, Ministry of H & UA.
• Shri Lalit Kumar Chandel, Economic Advisor, Department of Financial Services, Ministry of
Finance.
• Shri Gaya Prasad, Deputy Director General (Rural Housing), Joint Secretary (JS) level,
Ministry of Rural Development.
• Shri Manoj Kumar Meena, IAS, Secretary, Housing Department, Government of Karnataka.
• Smt. Seema Rekha Bhuyan, Secretary to the Government of Assam, Home, Political &
Passport Departments.
• Shri Satish K Marathe, Director, Central Board of Reserve Bank of India.
262 | Annual Report 2020-21
and the risk management philosophy set by the Bank
2. To develop policies, procedures, and practices to ensure that various risks are appropriately
identified, measured, monitored, and managed.
3. To decide the level of risk the Bank should undertake, after its scientific measurement is done,
to achieve optimum return from its various business lines to enhance Bank’s profitability
and capital.
4. To ensure that comprehensive Risk Monitoring system is designed and implemented in
order to manage the risk within the level decided to achieve the planned optimum return.
11. Details of Directors and Key Managerial Personnel
As on 30-06-2021, apart from Managing Director, NHB appointed by the Government of India
under Section 6(1) (a) of the National Housing Bank Act, 1987, there were six other directors on
the Board of Directors of NHB, as per the following composition:
• one Director from among the Board of Directors of Reserve Bank of India, nominated by the
Reserve Bank of India under Section 6 (1) (d) of the Act.
• three Directors from amongst the officials of the Central Government, appointed by the
Central Government under Section 6 (1) (e) of the Act; and
• two Directors from amongst the officials of the State Government, appointed by the Central
Government under Section 6 (1) (f) of the Act.
Currently the Board of Directors are:
• Shri S.K. Hota, Managing Director, National Housing Bank.
• Shri Amrit Abhijat, Joint Secretary to the GOI, Ministry of H & UA.
• Shri Lalit Kumar Chandel, Economic Advisor, Department of Financial Services, Ministry of
Finance.
• Shri Gaya Prasad, Deputy Director General (Rural Housing), Joint Secretary (JS) level,
Ministry of Rural Development.
• Shri Manoj Kumar Meena, IAS, Secretary, Housing Department, Government of Karnataka.
• Smt. Seema Rekha Bhuyan, Secretary to the Government of Assam, Home, Political &
Passport Departments.
• Shri Satish K Marathe, Director, Central Board of Reserve Bank of India.
262 | Annual Report 2020-21
