Page 215 - Demo

STATUTORY REPORTS
Sl. no.
questions
P1
P2
P3
P4
P5
P6
P7
P8
P9
5 Does the company have a specified committee of the Board/Director/official to oversee the implementation of the policy?
6 Indicate the link for the policy to be viewed online?
7 Has the policy been formally communicated to all relevant internal and external stakeholders?
8 Does the company have in-house structure to implement the policy/policies?
9 Does the Company have a grievance redressal mechanism related to the policy/ policies to address stakeholders’ grievances related to the policy/policies?
10 Has the company carried out independent audit/evaluation of the working of this policy by an internal or external agency?
Y Y Y Y Y Y NA Y Y
Y Y Y Y Y Y NA Y Y
The following policies are available on the Bank’s website www.ujjivansfb.in
• Citizens Charter
• Whistle Blower policy
• Grievance Redressal policy
• Customer Rights policy
• nomination & Remuneration policy
• Corporate Social Responsibility policy
• policy on Code of Conduct
The remaining policies other than those which are available on the Bank’s website are internal documents and are only available to the employees through the Bank’s intranet.
Y Y Y Y Y Y NA Y Y
Policies that are related to external stake holders are hosted on the Banks’ website and other Policies related to internal stake holders are available on the Bank’s intranet. Key aspects of the policies are part of the Bank’s overall training process to ensure that these are understood by all stakeholders. All employees are required to confirm having read and understood the Bank’s Code of Conduct. this exercise is repeated periodically.
Y Y Y Y Y Y NA Y Y
Y Y Y Y Y Y NA Y Y
the respective policy owners are responsible for implementation of
the policy. Additionally, Compliance team evaluates each policy to
ensure compliance with regulatory guidelines and also monitors the implementation and effectiveness of the policies. Risk Based Internal Audit by Bank’s Internal Audit team also independently tests the effectiveness of each of these policies.
(b) If answer to the question at serial number 1 against any principle, is ‘No’, please explain why:
no.
questions
P1
P2
P3
P4
P5
P6
P7
P8
P9
1 the company has not understood the Principles
2 the company is not at a stage where it finds itself in a position to formulate and implement the policies on specified principles
3 the company does not have financial or manpower resources available for the task
4 It is planned to be done within next 6months
5 It is planned to be done within the next 1 year
6 Any other reason (please specify)
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@
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@While there is no specific policy outlined for this principle, the Bank through associations represent and puts forth it’s suggestions with respect to economy in general and Banking sector in particular to the Regulator and Ministry of Finance. the Bank has made all its suggestions in a responsible manner.
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