Preparing valid loan document is not an easy task. The officials designated for loan document preparation should have knowledge of prevailing legal aspects, risk factors associated with the credit along with patient, analytical skill and common sense.
There is a saying – ‘If you fail to plan, you plan to fail’. Budgeting is more about planning – planning of our spending to achieve certain goal in a particular given time period. Budgeting is a process of creating a plan of our spending on a proper manner.
Cards, online banking etc. are new manner of transactions on these days but the importance of signature on cheque and other document is still on. Sometimes a single signature carries millions of dollars.
Financial Fraud is an escalating threat in Banking and Financial Industry. Nepalese Banking Industry have experienced various scale of financial frauds and it is imperative that organizations have a clear understanding of the threat that corporate and financial fraud poses.
Bankers have to deal with numbers whether while accepting cash or making payment of cheques or analysing the credit proposals or carrying out any other activities. In many areas the software installed by the BFIs helps the staffs to get their job quickly and accurately.