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. Banks and financial institutions have been facing increasing number of litigations in Court on the issues of sale of collateral in auction, guarantee, cheque dishonour and black listing which is time consuming and they have been giving less time in business as their precious time is being spent in pleading before the judge. In such situation, the banks and financial institutions would benefit if the concerned employees is aware on the legal issues and legal risks they have to face on day to day business and the legal consequences in case of breach of law including regulatory requirements knowingly and unknowingly
This training aims to impart the participants with general understanding about laws relating to deposit and lending in addition to the regulatory requirements as per NRB Directives. The participants will become vigilant to maintain banking transparency and will become able to assess legal consequences of their action relating to operational banking after this training and will ultimately help to mitigate legal risks vested in operational banking and the public faith on banking business will be enhanced after reflection of rule of law in banking activities.
