Completed Programmes
The financial sector in Nepal plays a vital role in fostering economic growth by providing essential credit facilities to individuals, businesses, and industries. As the country's economy evolves and faces various challenges, it becomes imperative for banks and financial institutions (BFIs) to continuously adapt and optimize their credit practices. Striking the right balance between credit expansion and risk management is crucial to ensure sustainable economic development and financial stability.
The financial sector in Nepal plays a vital role in fostering economic growth by providing essential credit facilities to individuals, businesses, and industries. As the country's economy evolves and faces various challenges, it becomes imperative for banks and financial institutions (BFIs) to continuously adapt and optimize their credit practices. Striking the right balance between credit expansion and risk management is crucial to ensure sustainable economic development and financial stability.
The Institute of Chartered Accountants of Nepal (ICAN) has announced the implementation of NFRS in Commercial Banks from fiscal year 2015/16. However, Nepal Rastra Bank has issued its directive to commercial banks to prepare their financial statements of 2017/18 based on NFRS. NFRS is principle based a high quality standard which is divergent to local GAAP. Adoption of NFRS impacted greater areas including financial reporting as well as loan loss provisioning requirements.
For financial institutions, better handling of different types of documents is essential. Technique to communicate with customer legally with good faith is always required in any institutions. Likewise signature verification is basic need for bankers whereas losses due to forged signature are in increasing order. Similarly, trade of counterfeit currency is big threat for our economy. Forensic laboratory is continually receiving such forged documents, cheques as well as currencies. The awareness towards it is essential for bankers.
Banking is an integral part of international businesses, where Trade Finance is one of the most lucrative businesses to any bank. Trade finance includes various kinds of loans, advances and facilities required for imports and exports deals that are made on foreign trade, and involve foreign exchange transactions. Letters of credit (LC) are most often used in international trade, governed by the Uniform Customs and Practice for Documentary Credits (or UCP), the rules of the International Chamber of Commerce.
This program has been designed to provide an extensive insight into the various components of Credit Appraisal and will be delivered in such a way that the participants can immediately bring the knowledge and skills into practice. The program will help in creating a solid base for a better future in Credit Department.
The financial sector in Nepal plays a vital role in fostering economic growth by providing essential credit facilities to individuals, businesses, and industries. As the country's economy evolves and faces various challenges, it becomes imperative for banks and financial institutions (BFIs) to continuously adapt and optimize their credit practices. Striking the right balance between credit expansion and risk management is crucial to ensure sustainable economic development and financial stability.