Board of Management(BoM)
The Board of Management consists of the Chairman, and 10 Members.
A Board of Management shall be constituted by the Board of Directors as per the guidelines of RBI. There shall be a Board of Management consisting of not more than 12 members.
- At least fifty per cent of the members of BoM shall consist of persons having special knowledge or practical experience in respect of one or more of the following matters, namely:-
- (i) accountancy,
- (ii) agriculture and rural economy,
- (iii) banking,
- (iv) co-operation,
- (v) economics,
- (vi) finance,
- (vii) law,
- (viii) small scale industry,
- (ix) Information Technology
- (x) any other matter the special knowledge of which would be useful to the Bank.
- BoM shall be constituted from the elected members of the Board of Directors provided they meet the criteria specified. However, not more than 50 per cent of the BoM members shall be from BoD. Under all circumstances, BoM shall have at least two members from outside the BoD.
The Board of Management may hold meeting at such periodicity as deemed necessary. The Chairman of BoM shall be selected from the BoM by the BoD. The independent professional members of Board of Management will be paid sitting fees/allowances as fixed from time to time by the Board of Directors in accordance with the RBI guidelines. The tenure of the Board of Management shall be co-terminus with the tenure of Board of Directors.
BOARD OF MANAGEMENT
(w.e.f 29.11.2019)
