Operations

In the banking prospective, the signature verification is the major tool for analysis process of authentication of any documents. But short time as well as confused mind makes it so critical as result millions of dollars loosing by banks now a days is a normal phenomenon. Verification of cheque is one of the most risky job although properly handling of document in initial phase and check and balance mechanism are the major tools to affect it directly. This program will highly appreciate the team spirit among CSD, Operation and Cash to minimize fraud as well as Verification of signature.

BASEL - I has been implemented so far at Development Banks and Finance Companies though national level development banks are required to do parallel reporting of BASEL - I and BASEL - III.

BASEL - III is being implemented at commercial banks with effect from Shrawan 1, 2073. Nepal Rastra Bank has already issued circular in this regard and has already instructed the commercial banks for parallel reporting of BASEL - II and BASEL - III starting from the half yearly closing of FY 2072/73.

Due to the globalization of the economy, commercial banks are expanding their nationwide presence. The retail business is another important source of banking revenue, offering high margin transactions, a low non-performing loan ratio, risk diversification, and a low risk of default. Although self-service banking (automated teller machines) and internet banking offer customers convenient real-time access, branch banks provide more convenient and people-friendly service.

Many Operational Risk events are taking place in the industry, which is in increasing trend. The risk event types indicate that it is happening on account of inadequate systemic infrastructure, unskilled human resource depending on a few IT personals and inadequate knowledge and skills on IT of the senior officials who supervise IT personals.

Many Operational Risk events are taking place in the industry, which is in increasing trend. The risk event types indicate that it is happening on account of inadequate systemic infrastructure, unskilled human resource depending on a few IT personals and inadequate knowledge and skills on IT of the senior officials who supervise IT personals.

Traditionally banking activities related with card and ebanking products are considered to be head office functions as a result training on such products is limited to staff of IT Department of Card & eBanking Department. On the other hand, staff at branches who are directly responsible for show casing the product to the customers, selling them and support customers when they face problem are deprived of such training.

Cards, online banking etc. are the new manners of transaction on these days, but the importance of signature on cheques and other papers are   still as before. Sometimes a single signature carries millions of dollar. Also in Nepalese banking scenario, withdrawal money with forged signature is becoming a normal event. And rapidly growing crude trade of counterfeit currency is the great threat to economy. This program leads the knowledge of signature verification with preventive measures to embossed, traced, simulated, scanned etc.

Due to the globalization of the economy, commercial banks are expanding their nationwide presence. The retail business is another important source of banking revenue, offering high margin transactions, a low non-performing loan ratio, risk diversification, and a low risk of default. Although self-service banking (automated teller machines) and internet banking offer customers convenient real-time access, branch banks provide more convenient and people-friendly service.