Virtual Program on Risk Management for Directors on Boards of NBFCs

Friday, June 28, 2024
Online CISCO WebEx


The Board of Directors of a Non-Banking Financial Company (NBFC) is responsible for framing, approving and regularly updating the risk management framework and the risk management policy that is being practiced in an NBFC. The board should also regularly update itself on the strategy being adopted by the financial institution and robustness of the risk management system in place followed to evaluate the risks and materiality of outsourcing, and the policies that apply to such arrangements. 

The Risk Management Committee of the board is also responsible to identify, control, and mitigate the risks associated with the business, and lay down procedures for managing and mitigating risks through integrated risk management systems, strategies, and mechanisms.


The virtual program aims at updating the directors on the board of NBFCs with the extant regulations, expectations on conformity with corporate governance standards including composition of various committees highlighting their role and functions, and the periodicity of meetings etc. The program also aims at assisting the directors in understanding and making them more aware enabling them to discharging their roles and responsibilities more efficiently.

Program Highlights:

  • Role and Responsibilities of Directors – Expectations of the regulator
  • Issues and challenges of Directors – Mitigating challenges efficiently
  • Role of Directors on various committees – Asking the right questions
  • Developing an effective operational risk framework for stronger internal control

Participants Profile

Directors of NBFCs

Rs. 20000/- + @18% GST

Address N/A Timing 09:45 AM-05:45 PM

Program Conditions

a) Program fee is payable before the program.
b) Nomination may be cancelled up to five days before the program.
c) Banks may depute another officer if the nominated officer cannot attend the program.
d) Last date for filling nomination June 21, 2024.

Contact Details

Jyoti Kumar Pandey

Senior Program Director
+91-22-6897 0603/+91-88792 87444 


For nominations related query, please contact program officer


Pushpalata Nadar
Program and Relationship Officer
+91-22-6897 0608/+91-7709575481

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