Regulation 25 (7) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), 2015 require to conduct familiarization programs for Independent Directors.
A majority of the Directors of the Bank have been associated with the Bank for more than 3 years and have in depth understanding of the business model, business processes and business environment of the Bank. Each director has special knowledge and practical experience in various areas as required in terms of provisions of Section 10-A (2)(a) of the Banking Regulation Act, 1949. Familiarisation of Directors is an ongoing process.
The Independent Directors of the Bank regularly engage in one on one discussions with the senior management of the Bank on their matters of interest and for a better understanding of the various aspects of the Bank’s business and functioning.
During the year, at the Board / Committee meetings, presentations and deep dive sessions are made covering important areas of the Bank such as annual plans and strategies, artificial intelligence and machine learning, global economic crisis, customer services framework, risk management, priority sector lending, liquidity, deposit mobilization etc.
The Board Members are encouraged to participate in external training, learning and development programmes, and during FY 2025-26, the directors attended programmes on, Artificial Intelligence, Know Your Customer (KYC) and Anti Money Laundering (AML) organized by University of California, San Diego and Central for advanced financial research and learning by RBI respectively.
During FY 2025-26, the Board spent approximately 61.5 hours in 68 familiarization programs and cumulatively, they have spent approximately 433.5 hours in 309 familiarization programs since FY 2015-16.