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Indian banking industry today is in the midst of an IT evolution. 19 % as on March 31 2014 and net NPA remainunchanged at 0. INFORMATION TECHNOLOGY (IT) AND IT ENABLED SERVICESThe growing competition arising out of increasing customer expectations and increasingneed of risk management pushed Indian Banks to adopt technology more vigorously forsurvival and growth.

The IT Organization set up has been redrawn to suit the functions / rolesspecified in the recommendations with segregation of duties.

The Bank isfollowing Standardized approach Standardized Duration approach and Basic Indicatorapproach for measurement of capital charge in respect of credit risk market risk andoperational risk respectively. Althoughmarket witnessed heightened volatility initially on the news of fed tapering it gotabsorbed finally without major difficulties. Therisk management strategy of the Bank is based on a clear understanding of various risksdisciplined risk assessment risk measurement procedures and continuous monitoring formitigation.

INVESTMENTSFinancial Year 2014 was a challenging year with overall economic slowdown on thebackdrop of halted investment cycle firm inflation and tight monetary condition. 47 crores as on March 31 2013 registering a growth of 14.60%. The risk managementfunction attempts to anticipate vulnerabilities at the transaction level or at theportfolio level as appropriate through quantitative examinations of embedded risks.

Bank has adopted a common frameworkfor additional disclosures under Pillar III for adhering to market discipline of Basel IIand Basel III guidelines.

To address the issues of Pillar II the Bank has implemented ICAAP(Internal Capital Adequacy Assessment Process) integrating capital planning withbudgetary planning and to capture residual risks which are not addressed in Pillar I likecredit concentration risk interest rate risk in the banking book liquidity riskearnings risk strategic risk reputation risk etc.

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