Signature verification and counterfeit currency detection are day to day events in banks. And fresh hand will have fewer ideas to mitigate such risk. Also the first step to minimize risk is properly handled document with best knowledge of customers. This program is basically to generate ideas to know the customer properly and handling their cheques and cash in proper way.
Inventory Management involves responsibilities for maintaining inventory, audit of parts, supplies, materials and equipment. It is more than knowing what products are in stock and in what quantity. Inventory managers responsibility includes knowing what to stock, how to position and present each product, and how to replenish inventory. Forecasting product trends and understanding current inventory management technology are also important.
SEBON has introduced a mechanism of application(ASBA) to the public issue for the first time in Nepal. Previous hassle of application has been cut down and lengthy process of application has been shortening down.
Cards, online banking etc. are new manners of transaction on these days, but the importance of signature on cheque and other documents is still on. Sometimes a single cheque carries millions of dollars. In Nepalese banking scenario, withdrawal money by forged signature is a normal phenomenon today. And also the returning genuine cheque gives bad impact to customers in competition market. It’s very much essential to know which level is rejectable or acceptable.
The trade of counterfeit currency is a big challenge over the world and financial institutions are places where most of transactions take place. Some foreign currencies are not so familiar for bankers. Even they don’t know how they look. The system applied in bank is just trace the currency number, customer phone number, keep the Xerox copies of passport and other travel documents. To produce fake documents along with counterfeit currency is trend for fraudsters.