Operations

Banking has become very complex day by day with voluminous regulatory requirements and crisis of skilled human resources. Operational banking is very important for the survival of banking business; howerver, it is not risk free and the legal risk is one among them. There are multiple legal issues to be given due consideration while undertaking operational banking including deposit collection, lending, recovery, cheque payment, dishonour of cheque and black listing process.

Signature verification is basic need for bankers. And also loss due to forged signature is in increasing order. Similarly, trade of counterfeit currency is big threat for our economy. Forensic laboratory is continually receiving such forged cheques as well as NRS, INR and USD. The awareness towards it is essential for bankers. This program is totally practical, group study as well as role play with support of video and power point finding solutions.

Signature verification is basic need for bankers. And also loss due to forged signature is in increasing order. Similarly, trade of counterfeit currency is big threat for our economy. Forensic laboratory is continually receiving such forged cheques as well as NRS, INR and USD. The awareness towards it is essential for bankers. This program is totally practical, group study as well as role play with support of video and power point finding solutions. 

Nepal Financial Reporting Standards ('NFRS') are designed as a common global language for business affairs so that company accounts are understandable and comparable within Nepal. The rules to be followed by accountants to maintain books of accounts which is comparable, understandable, reliable and relevant as per the users internal or external.

NFRS was issued by Nepal Accounting Standard Board in 2013. Earlier it has issued Nepal Accounting Standards. NFRS is prepared in line with on IFRS.

It is noteworthy to mention that Bank employees especially in Nepal, (besides the core liability team), do not realize and accept that it is everyone’s business to pull in money to the organization for further business opportunities.  A shift in job rotation from any department to liability is often considered trivial and reluctance in attitude can be witnessed more often than compared to change in job duties in other functions.  This culture in our banking industry is prominent and requires a revolution in the way deposit marketing is viewed.  It is time to ale

Overall banking operations round on Receipt and Payment of Cash in different currency and denomination. Since the Cash Unit provides direct service to the customer during the transaction hours of the bank, Operation of this area should invite extra efforts while delivering the services to the customer. Cash area operation is most sensitive where customers have great expectation of the exceptional service to their favour.