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Mandatory Disclosures in Pursuance of Section 4 (1) (b) of the Right to Information Act, 2005

SECTION 4 (1) (B) (I): THE PARTICULARS OF ITS ORGANISATION, FUNCTIONS AND DUTIES;

Public can refer to About Us, Board of Directors, and Top Management tab in the Bank's website, regarding relevant information.

SECTION 4 (1) (B) (II): THE POWERS AND DUTIES OF ITS OFFICERS AND EMPLOYEES;

All the officers have certain financial powers and administrative powers depending upon their designations. The delegation of financial powers to various grades of officials is decided by the Board of Directors, which is revised from time to time, as per the Bank’s requirement and adherence of Central Government/ State Government /NABARD/DFS/PNB (Sponsored Ban

SECTION 4 (1) (B) (III): THE PROCEDURE FOLLOWED IN THE DECISION MAKING PROCESS, INCLUDING CHANNELS OF SUPERVISION AND ACCOUNTABILITY;

Different officials depending upon their designations and Drawing power through committee approach e.g. BLCC (Branch Level Credit Committee),RLCC (Regional Level Credit Committee), HLCC-1(Head office Level Credit Committee-1),HLCC-2 (Head office Level Credit Committee-2) and CAC (Credit Approval Committee) take financial decisions at various levels, Branches will source the applications and forward them to the respective credit committee if it is out of DP range of the Branch Manager, for their consideration.

There is a well-defined organisational structure, staff accountability and control system, as per the guidelines of RBI /NABARD/DFS.

SECTION 4 (1) (B) (IV): THE NORMS SET BY THE BANGIYA GRAMIN VIKASH BANK FOR THE DISCHARGE OF ITS FUNCTIONS.

Regarding the core functions of the Bank i.e. accepting deposits and sanction of loans, the interest rates for different deposit as well as loan products, are displayed in the Bank's website and also made available at all the Branches/offices. The Bank strictly adheres to the fair practice code and ensures that transparency is maintained while dealing with the customer.

Public can also refer to the tab ‘Interest Rates’ and ‘Fair Practice code' under customer corner of the Bank's website for any further information.

SECTION 4 (1) (B) (V): THE RULES AND REGULATIONS, INSTRUCTIONS, MANUALS AND RECORDS HELD BY THE BANK/ USED BY ITS EMPLOYEES FOR DISCHARGING ITS FUNCTIONS

There are numerous documents like manuals, circulars, delegation of powers, proceedings of the board etc. throughout the financial year. Employees discharge their duties and functions adhering to the same.

SECTION 4 (1) (B) (VI): A STATEMENT OF THE CATEGORIES OF DOCUMENTS THAT ARE HELD BY THE BANK OR UNDER ITS CONTROL

Documents which are held by the bank in the custody of Branches/Regional Offices/Head Office are record of the disciplinary proceedings against Employees, Board Meeting Notes, Committee meetings, documents executed by customers/ borrowers/ guarantors, contracts executed with third parties etc.

SECTION 4 (1) (B) (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 IN BGVB.

Further, the financials of the Banks i.e. Balance Sheet, Profit & Loss statement, Cash Flow Statement/ reports is published in the bank's website for information of public as well as stakeholders, which would give an idea about the functioning of the bank and implementation thereof. Further Public can also refer to the tab financials under the about us tab of the Bank's website, for further information.

SECTION 4 (1) (B) (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 BOARDS, COUNCILS, COMMITTEES AND OTHER BODIES ARE OPEN TO THE PUBLIC, OR THE MINUTES OF SUCH MEETINGS ARE ACCESSIBLE FOR PUBLIC.
  • Risk Management Committee
  • Credit Risk Management committee
  • Asset Liability Management committee
  • Operational Risk Management committee
  • Audit Committee etc.

    • Public are not entitled to participate in the above-mentioned committee meetings and minutes.

    Public can also refer to the tab financials under the about us tab of the Bank's website, for further information.

    SECTION 4 (1) (B) (IX): A DIRECTORY OF BANGIYA GRAMIN VIKASH BANK 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 directory of the officers / employees and keep the same updated from time to time. Any person interested in seeking the information about any officer or employee of the Bank can reach to the CPIO of the Bank.

    The list of offices / branches is already available in the website for reference of public .Public can refer to the tab “Branch Network “of the Bank's website for information regarding the nearest Branches.

    SECTION 4 (1) (B) (X): THE MONTHLY REMUNERATION RECEIVED BY EACH OF ITS OFFICERS AND EMPLOYEES, INCLUDING THE SYSTEM OF COMPENSATION AS PROVIDED IN ITS REGULATIONS OF BANGIYA GRAMIN VIKASH BANK

    Public can refer to the tab “REMUNERATION OF OFFICERS AND EMPLOYEES” published in the Bank's website, under the "Right to Information Act, 2005.

    SECTION 4 (1) (B) (XI): THE BUDGET ALLOCATED TO EACH OF ITS AGENCY, INDICATING THE PARTICULARS OF ALL PLANS PROPOSED EXPENDITURES AND REPORTS ON DISBURSEMENTS MADE

    Budgets for expenditure of public money is not applicable to BANGIYA GRAMIN VIKASH BANK.

    SECTION 4 (1) (B) (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, except priority sector lending and Central Govt./State Govt. sponsored schemes. Different lending schemes of the Bank and eligibility for availing the same is available in the Bank's website.

    SECTION 4 (1) (B) (XIII): PARTICULARS OF RECIPIENTS OF CONCESSIONS PERMITS OR AUTHORIZATIONS GRANTED BY IT.

    There are no programmes in the Bank for grant of concessions, permits, authorization etc.

    SECTION 4 (1) (B) (XIV): DETAILS IN RESPECT OF THE INFORMATION, AVAILABLE TO OR HELD BY BGVB, REDUCED IN AN ELECTRONIC FORM.

    All the general information regarding deposits, advances and other services offered by the Bank is available under the Product and Services tab of the Bank’s Website https://bgvb.in.
    Public may refer to our above-mentioned website regarding necessary information.

    SECTION 4 (1) (B) (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 IN BGVB.

    The toll-free helpline number/Official contact details are published on the Bank’s website. The public can approach the CPIO for any further information.

    SECTION 4 (1) (B) (XVI): THE NAMES, DESIGNATIONS AND OTHER PARTICULARS OF THE PUBLIC INFORMATION OFFICERS.

    Public can refer to the tab "Name and designation of the Public Information Officers (PIOs) & Appellate Authority" published in the Bank's website, under the "Right to Information Act, 2005".