Impacts of Covid 19 on businesses have been unexpectedly deterrent and it is unknown how long it keeps impacting. The workforce of Nepalese Banks working in the area of Credit and Risk management are mostly trained for processing credits with a focus on growth by assessing the inherent risks in the business.
The banking industry is in difficult crossroads, the credits extended to affected sectors despite turning weaker than earlier assessed, demands cautious handling in view of revival strategy of the businesses than from the angle of recoveries. The risks arising from pandemic is the first on its kind for the Nepalese Banks; at this juncture the global voice from the stronger economies are to plough-in all financial resources to help resurrection of businesses and their survival. This is utmost important to protect the economy and the entire financial ecosystem for securing the future opportunities and growth. The program aims to build thought processes and strategies for revival of credits affected by Covid 19.
