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This Committee will be a management committee and responsible for monitoring of credit risk taking activities and overall credit risk management function. This Committee can either be a separate committee comprising of the heads of relevant functions depending upon their size, organizational structure and corporate culture or these responsibilities can be assigned to the overall Risk Management Committee of the bank. Its terms of reference may include, inter alia, the following:
a.
Ensure implementation of the credit risk policy / strategy approved by the Board;
b.
Monitor credit risk on a bank-wide basis and ensure compliance with limits approved by the Board;
c.
Providing input in formulation of credit policy of the bank particularly on credit risk related issues including, for example, setting standards for presentation of credit proposals, financial covenants, rating standards and benchmarks, etc.;
d.
Make Recommendations to the Risk Management Committee or any other relevant committee of the Board on matters relating to delegation of credit approving powers, prudential limits on large credit exposures, standards for loan collateral, portfolio management, loan review mechanism, risk concentrations, risk monitoring and evaluation, pricing of loans, provisioning, etc. as and when required;
e.
Dealing with any other matters relating to credit risk management.
The Credit Risk Management Department or Unit will provide necessary support to the Credit Risk Management Committee in discharging its responsibilities.
