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1. Credit Committee is responsible for sanction of "Loans & Advances".
2. "Planning, Budgeting & Performance Review Committee" is responsible for finalizing the annual budget. It is also responsible for monthly review of the progress made.
3. ALCO is responsible for managing the "Liquidity Risk" & the "Interest Rate Risk" of the bank.
Agree with the answer of VENKITARAMAN
ALCO: Manages the activities market wise on the basis of Liquidity and Risk assessment, so that Market risks are avoided by appropriate managing so that real values of an asset are not affected.
If a customer has deposited money in FCNR account, it is ALCOs responsibility to see that the customers obligations are met out promptly with payback of the amount deposited with interest, at the same time managing it from all possible risks in the value of exchange rates and also variations on interest rates, by taking timely decisions and strategic changes by modifying market strategies.
Credit committe: Primary responsibility is to see that the Loans and Advances are sanctioned in conformity with the existing norms and prescribing the terms (new additions whenever the existing parameters are not adequate or sufficient to make the "Loan Asset" rated high) and conditions to be accepted for Loans and Advances.
Planning and Budgeting committee as usual: For annual plans for allocation of the resources to determine how to route through the resources to achieve the desired objectives.
Both Mr. Vinod Jetley and Mr. Venkitaraman Krishna Moorthy Vrindavan's are very well explained :
I agree with MR . VINOD JETLEY
Agree with experts answer <<<<<<<<<<<<<<<<<<<<<<<<<<<
Fully agreed to you Mr. VJ
Credit Committee is a group of people responsible for assessing the credit standing and ability to repay debt of prospective borrowers of a lending institution
Budgeting, planning and forecasting (BP&F) is a three-step process for determining and detailing an organization's financial goals for both the long- and short-term.
ALCO is responsible for managing the "Liquidity Risk" & the "Interest Rate Risk" of the bank.
I agree with the answer been added by MR VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
agree and approval Mr. Vinod Jetley
