As per the Circular of Nepal Rastra Bank published on 8th Poush 2076, for the A, B and C Class Banks, the Policy and Procedures related to Risk Assessment arrangement shall be conducted by the Magh 2076 by transaction monitoring, identifying the high risk customers and identification of suspicious transaction and reporting.
Completed Programmes
The rapidly changing technologies in the form of internet, mobile phones and smartcards have revolutionized our lives through the changes banking operations with its services and products delivered to its consumers. This has led to customers expecting even demanding superior experience from various service providers and banks are no exception.
In order to be able to remain relevant in these changing times banks need to ensure that they are prepared to adopt the latest cutting edge technology and adapt themselves to the newer ways of doing things.
COVID-driven travel restrictions and social distancing have had an immediate and dramatic impact on the cashflows of many corporate and SMEs, from airlines to retailers to restaurants. Banks are already being inundated with requests for credit and must make urgent and “distressed” credit decisions. Near-term bank decisions on how to respond to clients’ financing needs will have a huge impact on the economic consequences of the crisis, including whether companies survive and continue to employ staff.
In the current scenario of the COVID pandemic, leaders are facing challenges that they have never faced before which has created tremendous pressure on them. Also when the market is unpredictable, it is not only important for leaders to adapt to the change but it is also essential to foresee the change well in advance & prepare for it. Leadership capability, motivation and commitment therefore plays a significant role in an organization’s success with the constantly changing environment.
The Institute of Chartered Accountants of Nepal (ICAN) has announced the implementation of NFRS in Commercial Banks from fiscal year 2016/17. However, Nepal Rastra Bank has issued its directive to microfinance conducting wholesale transactions to prepare their financial statements of 2020/21 based on NFRS. NFRS is principle based a high quality standard which is divergent to local GAAP.
This Advanced Excel session is designed for bank professionals who rely on Excel Program for their daily tasks. In this action packed Excel session, participants will learn the must have Excel skills that would eventually make it easier to gather, enter, organize, analyze and report data. Participants will learn the different Excel features in a short time span and be confident to apply them at their work. The sessions are conducted with lectures and hands-on practical examples faced at the real workplace.
The KYC issue has been an agenda of hue and cry in the entire banking industry. This has sometimes been realized as a big mystery or burden over the industry. However, there are limited efforts made to de-mystify the situation. There is a need to address it strategically so that it be solved permanently within existing legal and regulatory frameworks. This is what is the objective of this KYC (Not entire AML) focused course.
Forgery in documents which are used for any banking transactions may lead to greater economic loss. Hence personnel involved in such activities need to know the ways of forgery in documents like check, ID and different aspects of signature, fingerprint etc. Recent events show the vulnerabilities of bank employee in detecting such forgeries, especially detecting forged signature, ID and checks. Hence getting such knowledge regarding such aspects makes banking employee
As per the Circular of Nepal Rastra Bank published on 8th Poush 2076, for the A, B and C Class Banks, the Policy and Procedures related to Risk Assessment arrangement shall be conducted by the Magh 2076 by transaction monitoring, identifying the high risk customers and identification of suspicious transaction and reporting.
Companies all across industries including Banks are being negatively impacted by the pandemic. Hence, businesses must take action to mitigate and prevent financial damage by evaluating and shifting business strategies and tactics. Sales along with customer service is of prime importance even in current situation.
Property - Land and building is one of the Prime collateral considered by Banks and Financial Institutes. It is generally a challenge to understand cadastral map (the Blue Print) for the bankers. It is important for the bank staff -Relationship Managers, credit underwriters, documentation and loan processing staff to have a basic knowledge on interpreting the cadastral map.
Redefining Recovery strategies in pandemic situation of Covid-19 and protecting stakeholders’ values
COVID-driven travel restrictions and social distancing have had an immediate and dramatic impact on the cash flows of many corporates and SMEs, from airlines to retailers to restaurants. Banks are already being inundated with requests for credit and must make urgent and “distressed” credit decisions. This flow will increase in the coming weeks/months as cash reserves run down and clients look to banks to deliver billions of lending support.
In consideration to the directives issued by Nepal Rastra Bank (NRB), Commercial banks are required to prepare their financial statements of 2017/18 , and going forward, based on NFRS. The NFRS is principle based- a high quality standard which is divergent to local GAAP and it is designed to apply to the general purpose financial statements.
The evolvement of financial instruments and markets has enabled banks to undertake varied risk exposures. Capital maintained by a bank under new Basel Capital Accord will be more closely aligned
A proper understanding of Retail lending concepts and systematic process would lead to quality decisions and avoid costly mistakes. In order to save the bank from reputation risk, the retail lending team should be aware of retail lending and security procedure.
The COVID 19 pandemics has created chaos and uncertainties all across the globe. It has paralyzed economic activities severely impacting almost every sector. Movement Control Order (MCO) has been imposed and people are forced to work from home.
It is a time to think profoundly on how to continuously engage and maintain the same energy level in the staff. The online Virtual Learning Class (VLC) training is one of the popular mode of future training.