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| Voluntary Disclosures of Repco Bank under Sec.4(1)(b) of RTI Act | ||
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| i | The Particulars of its organization, functions and duties. | For the particulars of Bank`s Origin, Administration, Jurisdiction etc., Click About Us , Organisational Structure |
| ii | The powers and duties of its officers and employees. | The powers and duties of officers and employees are decided by the Board of Directors/ Board Sub-committee and in terms of Service Regulations. The delegation of financial powers of various grades of officials is decided by the Managing Director which are revised from time to time, depending upon the organization's requirement. The concerned sanctioning authority takes a decision to sanction a loan or otherwise on merits of each proposal. This apart the Bank issues circulars, guidelines and instructions regarding the powers and duties of various functionalities wherever it is required. |
| iii | The procedure followed in the decision making process, including channels of supervision and accountability. | There is a well defined system in the Bank regarding the decision making process. Financial decisions are taken at various levels by different officials depending upon their positions and also through committee approach. Further, there is a well defined organisational structure and a clear system of accountability and control system, which also take into account the Regulator / CVC guidelines. In order to exercise supervision and fix accountability / responsibility various control measures have been put in place. |
| iv | The norms set by it for the discharge of its functions. | Bank follows the directions issued by the Board of the Bank through policies duly approved by it.
The Bank functions with the following core values / norms • Repatriate Rehabilitation • Customer Satisfaction • Fairness in all dealing and relation • Excellent human values • Integrity of highest order • Transparency and discipline in policies and systems Regarding the core functions of the Bank i.e. deposits and loans, the interest rates for deposits / advances and different deposit as well as loan products, are displayed in the Bank's website and also made available at all the Branches. Regarding sanction of loans, each officer of the Bank will consider loan proposals and take a decision in terms of the scheme of delegation of powers, on the merits of the proposals. All the officers of the Bank are expected to discharge their duties and responsibilities with integrity and due diligence. Public can also refer to the Bank's website for any further information. Nature of functions/ services offered Public can refer to the caption " Contact Us" of the Bank's website for accessing the services Time limit for taking a decisions, if any Norms/ standards for functions/ service delivery |
| v | The rules and regulations, instructions, Manuals and records, held by it or under its control or used by its employees or used by its employees for discharging its functions. | All periodical Circulars, Manuals, Conduct Regulations, etc… are made available to all our employees for discharging various functions and duties and the same are available in intranet portal. Relevant Acts, Rules, Forms and other documents which are normally accessed by citizens Information manual/handbook available in Electronic format List of Materials Available Free of Cost List of materials available At a reasonable cost of the medium |
| vi | A statement of the categories of documents that are held by it or under its control. | Click here for details |
| vii | The particulars of any arrangement that exists for consultation with, or representation by, the members of the public in relation to the formulation of its policy or implementation thereof. | Board of Directors, which formulates and implements its policy consists of nominated/elected members. For details visit our Bank website: www.repcobank.com Shareholders can seek clarifications concerning policies of the Bank in the Representative General body meeting. Further, the Bank’s financial performance is published in the bank's website periodically for information of public as well as shareholders which would give an idea about the policies of the bank and implementation thereof. Member customers from different segments will be invited for Customer meeting wherein they have the opportunity to know the policies of the Bank. They can also make suggestions, if any for improvements of the same. |
| viii | A statement of the boards, councils, committees and other bodies consisting of two or more persons constituted as its part or for the purpose of its advice and as to whether meetings of those board, councils, committees and other bodies are open to the public, or the minutes of such meetings are accessible for public. | The Board of Directors of the Bank consists of senior level IAS officers from Central/state Governments, Elected Members besides Managing Director. Various committees as per the requirement of the Bank are formed as per the approval of Board or by the top management, as per the powers delegated by the Board. The following are the Board Sub-committees and other functional committees:-
Board Sub-Committees:1. Management Committee2. Remuneration Committee 3. Audit Committee Other Functional Committees consisting of Bank Executives:1. Asset Liability Committee2. Investment Committee 3. Purchase Committee 4. Credit Committee 5. IT Steering Committee 6. Settlement Advisory Committee 7. Interest Rate Committee Public are not entitled to participate on the meetings of the Board / Committees and minutes are not accessible to Public. |
| ix | A directory of its officers and employees. | Since the number of employees is quite large and they are subject to transfers, it is not possible for the Bank to publish the list of officers / employees and keep the same updated from time to time.
The list of offices / branches is already available in the website for reference by public. Public can refer to the caption " Contact Us" of the Bank's website for information regarding the nearest Branch |
| x | The monthly remuneration received by each of its officers and employees, including the system of compensation as provided in its regulations. | Remuneration of all the officers and employees is fixed by the Board.
Click Directory of Officers' and Employees' System of compensation as provided in its regulations |
| xi | The budget allocated to each of its agencies, indicating the particulars of all plans, proposed expenditures and reports on disbursements made. | There are no plans and budgets for expenditure of public money and disbursements and the provision is not applicable to the Bank.
Total Budget for the public authority Proposed expenditures |
| xii | The manner of execution of subsidy programmes, including the amounts allocated and the details of beneficiaries of such programmes. | There are no subsidy programmes or plans for lending activities as a whole. This provision is not applicable to Repco Bank |
| xiii | Particulars of recipients of concessions, permits or authorizations granted by it. | In respect of Demand and Term Deposits, there are no programmes of the bank granting concessions; permits, authorizations except the following: For Savings Bank Deposit, additional interest of 1.00% p.a is offered to staff/ eligible ex-staff members. For Domestic Term Deposits additional interest of 1% is offered to employees (Regular /Contract/Group/Retired) and repatriate A-Class members. Additional interest of 0.50% is offered to Senior Citizens. Besides the above, concessions/charges for various services rendered are extended to select category of customers viz., Government Departments, Ministries, Institutions, Religious welfare services/Charitable Institutions etc., as approved by the Competent Authority from time to time. Concessional rate of interest for loans upto 2% is offered for Repatriate member customers based on the nature and quantum of loan. There are no programmes in the Bank for grant of permits/authorizations and there is no material in the Bank relevant to this provision. |
| xiv | Details in respect of the information, available to or held by it, reduced in an electronic form. | All the general information regarding deposits, advances and other services offered by the Bank are already available in the Bank’s website.
Public may refer to the website regarding necessary information. |
| xv | The particulars of facilities available to citizens for obtaining information, including the working hours of a library or reading room, if maintained for public use. | Public can obtain information on our various products from any of the Bank branches.The list of telephone numbers has already been published on the website. The public can approach the same for any further information.
Repco Bank is not maintaining any Library/Reading Room for Public.
Click here for details |
| xvi | The names, designations and other particulars of the Public Information Officers and Asst. Public Information Officers. | For the details, click Details of PIO, First Appellate Authority and Transparency Officer
Consultancy committee of key stake holders for advice on suo-motu disclosure Committee of PIOs/FAAs with rich experience in RTI to identify frequently sought information under RTI |
| xvii | Such other information as may be prescribed, and thereafter update these publications every year. | Necessary information relating to public is ported in the Bank`s website on periodical manner.
Details of questions asked and replies given in the parliament Details of applications received under RTI and information provided Details of appeals received and orders issued |