Press Release – Meeting with Chairmen of Member Banks

February 21, 2019

प्रेस विज्ञप्ती

 

नेपाल बैंकर्स संघले आज वाणिज्य बैंकहरुको अध्यक्ष तथा प्रमुख कार्यकारी अधिकृतहरुको उपस्थितिमा बैंकिङ्ग क्षेत्रमा बिद्यमान बिभिन्न सम-सामायिक बिषय बस्तुहरु उपर छलफल गरियो ।

 

नेपाल बैंकर्स संघ
फाल्गुन ०९, २०७५

Interaction Program on the Private Sector Partnership for Gender Equality

December 10, 2018

Kathmandu: NBA in coordination with Women Act and Federation of Nepal Chamber of Commerce (FNCCI) organized a “National Conference on the Private Sector Partnership for Gender Equality: Issues and Opportunities in Nepal.” The conference was organized to mark 16 Days of Activism Against Gender Based Violence in 2018.

Realizing the fact that women’s economic empowerment is one of the most important factor contributing to equality between women and men, private sector has been partnering with the government and civil societies globally for gender equality and women’s economic empowerment. The private sector is an essential partner in gender equality campaigns and women’s economic empowerment movements because they have enormous power to bring about transformative change through inclusive hiring and promotion policies, market expansion, workforce development, and procurement spending.

The objectives of the event were to assess the issues and opportunities in terms of private sector engagement for gender equality in Nepal, explore the strategies, approaches and methods to engage private sector for women’s equality and empowerment, initiate a dialogue among stakeholders about the private sector partnership in terms of gender equality.

The conference brought together over 100 experts and activists from around the country representing the government of Nepal, private sector, academia, development as well as media sector to present and discuss on various conference themes.

CTO Roundtable on Cloud Technology

October 9, 2018

Kathmandu:  Amazon Internet Services Pvt Ltd. (AISPL) and Genese Software solution in coordination with Nepal Bankers Association organized a CTO Roundtable on Cloud Technology where Mr. Chandra Balani (AISPL), Business Development Manager, EROI, Bangladesh, Nepal, Bhutan, Maldives, highlighted on the innovation and digital transformation.  Similarly Mr. Diptiman Raichaudhuri (AISPL), Solution Architect spoke about the security and compliance on financial services. Following the session Mr. Chandra Sekhar Mukharjee (AISPL), Territory Business Manager East India, Bangladesh, Bhutan, Nepal shared some case studies regarding new cloud technology.

 

During the event, Mr. Sujit Shrestha, CISO, Standard Chartered Bank Nepal Ltd., on behalf of NBA, was one of the panel members.

Revealing the Mystery of Actuarial Valuation

October 7, 2018

Kathmandu: NBA in coordination with TIMES Research & Training Institute organized a three day workshop on “Revealing the Mystery of Actuarial Valuation”. The objective of the workshop was to provide insights on actuarial valuation and NAS 19 employee benefits; to develop in-house experts for monthly/quarterly/on-demand valuations by themselves; to impart practical knowledge on calculating actuarial valuation (gratuity, pension and leave); to provide insights on disclosure requirement of employee benefits; to provide insight on “how to manage employees cost.

During the workshop experts delivered on Actuarial valuation, provided a valuation template to determine employees’ liabilities as per Actuarial Valuation technique for quarterly reporting by their own, guided in data management for Actuarial Valuation and also conducted a Group work on Actuarial Valuation on Leave, Pension and Gratuity.

NFRS on Financial Instruments: Classification & Impairment (Loan Loss Provision)

September 21, 2018

Kathmandu: NBA in coordination with TIMES Research & Training Institute organized a training program on “NFRS on Financial Instruments: Classification & Impairment (Loan Loss Provision)”. The objective of the program was to provide insights on the impairment testing model as per NAS 39; to impart practical knowledge on impairment testing (loan loss provision) with illustrative examples, to provide guidance on maintaining database requirement for current LLP and LLP as per NAS 39 and NFRS 9; to provide insights on carve outs proposed by NBA and approved by ASB & ICAN.

 

The event mainly focused on theoretical as well as practical aspects of NAS 39 & NFRS 9, data required for impairment testing and database management, session on IFRS/NFRS implementation in banks/insurance/hydropower, group work on impairment testing, etc.

Understanding NFRS Complied Financial Statements and Regulatory Challenges

August 9, 2018

Kathmandu: NBA in coordination with Society of Economic Journalist- Nepal (SEJON) organized a half day event “Understanding NFRS Complied Financial Statements and Regulatory Challenges” with an aim to orient journalist about the NFRS complied financial statements. During the event the Chief Guest, Dr. Chiranjibi Nepal, Governor, Nepal Rastra Bank, highlighted on the Central Bank’s vision on implementing NFRS and requested all the commercial banks to support it.

Presenters Mr. Maheshwor Lal Shrestha, Executive Director, Bank Supervision Department, NRB and CA Santosh Lamsal, Former General Secretary of Association of Chartered Accountants, presented on the “Regulatory Challenges of NFRS” and “Understanding NFRS and NFRS Complied Financial Statements” respectively.

The session was followed by panel discussion where the panelists Mr. Narayan Prasad Poudel, Executive Director, Regulation Department, NRB; Mr. Maheshwor Lal Shrestha, Executive Director, Bank Supervision Department, NRB; Mr. Mahesh Guragain, Former President, ICAN; and Mr. Gyanendra Prasad Dhungana, President, NBA addressed the questions raised by the audiences.

Global Cyber Security Summit 2018

July 28, 2018

Kathmandu: Nepal Bankers’ Association participated in an event  “Global Cyber Security Summit 2018” jointly organized by Information Security Response Team Nepal (NPCERT) and ICT Frame Magazine Pvt. Ltd. The objective of the event was to build global alliance for cyber resilience by bringing in contemporary issues of cyber security, mitigation strategies, and solutions with comprehensive cyber security infrastructure.

The major highlight of two day event (July 27-28, 2018) was –

  • Presentation on cyber security research findings, innovations, best practices, and technical solutions.
  • Networking with national and international business partners, employers, and clients.
  • Opportunities for foreign security firms to enter into Nepal’s security market.
  • Up to date knowledge on key security areas and emerging security issues in businesses as well as society.
  • Insight into some of the major incidents of cyber attacks and their countermeasures.
  • Skill transfer and capacity building in pre-summit workshops.

During the event, Mr. Subas Chandra Khanal, ISO, Laxmi Bank Ltd. and Mr. Sujit Shrestha, CISO, Standard Chartered Bank Nepal Ltd., on behalf of NBA, were speaker and panelist respectively.

 

Seminar on NFRS based financial statements: Format and Practical Issues

July 27, 2018

Kathmandu: NBA in coordination with TIMES Research & Training Institute organized a half day seminar on “NFRS based financial statements: Format and Practical Issues” with the aim to provide ease on implementation of NFRS and to understand the implementation modality of NFRS as required by NRB. Some major highlights of the seminar was –

  • NFRS Implementation Modality
  • Financial statements format of NFRS by preparer of the NRB format
  • Explanation of Regulatory Adjustments required by the format and its objective
  • Panel discussion on implementation complexities and tax issues in presence of high level officials of NRB, ICAN, IRD, LTO and NBA.

During the seminar CA Jagadish Kumar, Assistant Director, NRB, presented on “NFRS based financial discussion”. It was followed by a panel discussion where Mr. Anukool Bhatnagar, Vice President, Nepal Bankers’ Association was one of the panel member where he expressed his thoughts on implementing NFRS and answered the queries raised by participants.

Program on Recovery of Debts of BFI Act / Rules

July 2, 2018

July 2, 2018, Kathmandu: NBA in coordination with Debt Recovery Appellate Tribunal organized an interaction program to discuss on “Recovery of Debts of BFI Act/Rules” where participants from different sectors including officials from DRAT, Commercial Banks, Development Banks, Ministry of Finance and Nepal Rastra Bank were present. The event mainly discussed on “Recovery of Debts of Banks and Financial Institutions Act, 2058” and “Recovery of Debts of Banks and Financial Institutions Rules, 2059”.

During the event, Mr. Bishnu Kandel made a presentation on the “Amendments Required in the Recovery of Debts of Banks and Financial Institutions Act, 2058”.

Seminar on Perils of Cyber Crime

June 12, 2018

June 12, 2018 – Nepal Bankers’ Association, in coordination with Microsoft, organized a program on “Perils of Cyber Crime”. Representatives from Nepal Rastra Bank and CEOs, along with senior management from the member banks were invited to the program. The event was chaired by Mr. Chinta Mani Siwakoti, Deputy Governor, Nepal Rastra Bank.

Mr. Gyanendra P. Dhungana, President, NBA started the program with his welcome remarks where he highlighted the importance of technology in banking sector, efforts and resources banks have been investing to strengthen their IT infrastructure. He added that programs like this will help to raise further awareness by stressing IT related risks including rising cases of cyber crime. He then concluded his remarks by thanking Microsoft for their support to host the program.

Thereafter, the Chief Guest of the program Mr. Siwakoti delivered his key note speech where he shared that the regulators are aware of the important role played by Fintech especially in the banking sector. He added that looming cyber threats has created a huge risk in financial stability, and it is important for the banks to adapt strong security measures. He also shared that NRB is in the final stages of revising the IT Policy and factors related to cyber security policies shall also be looked into.

During the event, Ms. Shalini Ratwatte, Head of Corporate, External and Legal Affairs, South East Asia New Markets, spoke about the “Looming Threat of Cybercrime in Developing Countries” followed by the presentation from Mr. Arafat Chaudhary, Microsoft PST, on “Digital Asset and Cyber Security Value Engagement”. Thereafter, Mr. Chinthaka Dunuwille, Microsoft Software Asset Management Team, reviewed on “Cyber Security Risk”.
The program concluded with a thank you note from Ms. Sonia Kabir, Managing Director for Microsoft Bangladesh, Nepal, Bhutan and Laos.

MOU Signed between Nepal Bankers’ Association and Indian Banks’ Association

June 6, 2018

नेपाल बैंकर्स संघ तथा भारतीय बैंक संघ वीच मिति २०७५/०२/२३ का दिन सम्झौता (MOU) मा हस्ताक्षर भएको छ । सो सम्झौतामा नेपाल बैंकर्स संघका अध्यक्ष श्री ज्ञानेन्द्र प्रसाद ढुंगाना तथा भारतीय बैंक संघका प्रमुख कार्यकारी अधिकृतले हस्ताक्षर गर्नुभयो ।

उक्त सम्झौता संगै दुई देशका संघहरु वीच आपसी सहकार्य, क्षमता विकास, सुचना आदान प्रदान, अनुसन्धान, आदि क्षेत्रहरुमा कार्य अगाडि बढाउन सहयोग मिल्नेछ । साथै, यसले नेपालका बैंकहरुको क्षमता तथा अनुभब अभिवृद्घी गर्न समेत ठूलो मद्दत मिल्ने नेपाल बैंकर्स संघको विश्वास छ । आगामी दिनमा क्यगतज ब्कष्बल च्भनष्यल मा सबै बैकर्स संघहरु बीचमा यसरी नै आपसी समझदारी गर्दै जाने कुरामा समेत सहमति भएको छ ।

UKaid Sakchyam Partners with 14 Commercial Banks to Establish 57 Bank Branches in Rural Municipalities of Karnali Province and Province No. 5 & 7

May 11, 2018

May, Kathmandu – At an official programme today, UKaid Sakchyam Access to Finance Programme (Sakchyam) officially launched its partnership with 14 Commercial Banks to establish 57 new branches in rural municipalities of Karnali Province and Province No. 5 & 7.  These newly signed partnerships embody UKaid and Sakchaym’s resolve to support the Government of Nepal’s commitment to establish commercial bank branches in all the 753 municipalities in the country as part of decentralisation. Sakchyam’s support through these 57 branches will enable bank presence in the remotest municipalities in the country.  Dr. Chiranjibi Nepal, Honorable Governor of Nepal Rastra Bank (NRB) was the Chief Guest for the event which also saw the presence of Mr. Uttar Kumar Khatri, Joint Secretary of Ministry of Finance (MoF), Mr. Chinta Mani Shiwakoti, Deputy Governor of Nepal Rastra Bank, Mr. Gyanendra Dhungana, President of Nepal Bankers’ Association (NBA), Mr. Baljit Vohra, Team Leader of Sakchyam along with other senior officials from MoF, NRB and Sakchyam. CEOs and senior officials of the 14 commercial banks were also present during the event.

Sakchyam’s support was made possible as an outcome of the consultations between MoF, NRB and NBA to expedite bank openings to support local governments beginning the new financial year in July 2018.  Sakchyam supported 57 new remote branch locations include: i) Province 5 – Jhimruk & Naubahini in Pyuthan, Sukidaha & Lungri in Rolpa, ii) Karnali Province –  Namkha and Tajakot in Humla, Chharka Tangsong in Dolpa, Mugumkarmarag in Mugu and iii) Province 7– Kanda in Bajhang, Swami Kartik in Bajura and Lekam in Darchula.  Several of these locations are inaccessible by road and require walking for up to several hours.

“Through this support we are expanding the reach of banking services to the un/under-served rural populations, energizing economic development, as well as enabling local governments receive federal funding and undertake local financial management functions. Additionally, we are also hopeful that social security payments will be disbursed through these bank branches,” said Mr. Baljit Vohra, Team Leader of Sakchyam. “These branches will also open avenues for over 1 million individuals and MSMEs in all local units in accessing full-fledged commercial banking services at their doorstep,” he added.

Speaking at the program, Dr. Chiranjibi Nepal, Governor of Nepal Rastra Bank said, “The central bank had urged the banks to expand branches through last fiscal year’s monetary policy and initiatives such as these confirm that the commercial banks are in fact keeping up to their promise. We are glad to note that the banking community has risen to the need of the hour by committing to having branch presence in all the municipalities in the country”.

Realizing that there have been challenges while establishing branches in remote locations, a Stakeholders’ Discussion Session on “Banking in the New Federal Structure: Challenges & Way Forward” also took place today. Addressing the various concerns raised by the CEOs present, Mr. Uttar Kumar Khatri, Joint Secretary of Financial Sector Management Division of MoF stated, “Ministry of Finance is working towards ensuring that there is proper security and infrastructure to facilitate banks to go to the local units. We have taken into account all the concerns raised by the banks and will work towards addressing these issues collectively.”

Sakchyam is a UKaid-funded access to finance programme. It is being implemented by Louis Berger for DFID Nepal, in partnership with local and international institutions.

Workshop on Agriculture Lending: Challenges and Opportunities

May 4, 2018

May 4, 2018, Kathmandu: Nepal Bankers’ Association organised a half day workshop on “Agriculture Lending: Challenges and Opportunities” where Mr. Gyanendra Prashad Dhungana, President, Nepal Bankers’ Association formally started the event by giving his opening remarks and was followed by the key note speech of Mr. Narayan Poudel, Executive Director, Nepal Rastra Bank. Presenter Mr. Bam Bahadur Mishra, Director, Nepal Rastra Bank highlighted on the Policy Initiatives of NRB on Agriculture Sector Lending. Similarly Mr. Dipen M.S. Pradhan, on behalf of NBA and Mr. Shirish Pun, Senior Agro Economist- MoALMC, presented on “Agriculture Lending: Challenges and Opportunities” and “Commercialisation of Agriculture: Prospects on Agriculture Lending” respectively. The second half of the workshop had a discussion session, which was Moderated by Mr. Suman Joshi, followed by the summary and closing remarks from Mr. Ashok Sherchan, Executive Committee Member, NBA.

Risk Management in Hydropower

April 27, 2018

April 27, 2018, Kathmandu: Nepal Bankers’ Association in coordination with WWF and IPPAN organised a half day workshop on “Risk Management in Hydropower”.The event was formally commenced after the welcome remarks from Mr. Prabal Bhattarai, IPPAN and Mr. Sunil K.C., member, NBA. Following the presentation from Dr. Jeorg Hartmann on “ Introduction: What Makes Hydropower a Risky Business” Mr. Kumar Pandey, IPPAN and Mr. Navin Manandhar, on behalf of NBA, presented on Risk in Hydropower Projects” and “Financial Aspects Considered for Hydropower” respectively. Before closing remarks from the member of WWF, Dr. Hartmann presented the cases from different countries followed by “The Risk Management Process; Identification, Avoidance and Mitigation” & Application to Nepal.

Information Sharing on AML/ CFT

April 9, 2018

April 9, 2018 Kathmandu: Nepal Bankers’ Association invited international experts Mr. JeyaShanker R. Kandasamy, Co-founder and Executive Director, Pioneer Continuum and Consulting Service, Mr. Sachin B. Singh, Director of Partnerships-Asia Pacific, Dow Jones international and Satish S.S, Vice President, TESS International present in Theme: The Evolution & Next Face of AML/CFT. Experts shared their experiences, best practices and challenges encountered while implementing a right strategy, which would mean a combination of good corporate governance, robust structure, effective policies, having the right people and technology.

Comparative Analysis of Provisions on the Bank and Financial Institution Act (BAFIA) 2063 and 2073

March 30, 2018

March 30,2018, Kathmandu: Nepal Bankers’ Association in collaboration with Kathmandu District Court- Bar Association orgainised one day event on “Comparative Analysis of Provisions on the Bank and Financial Institution Act 2063 and 2073”. During the event Mr. Ramesh Ghimire and Mr. Madhav P. Regmi, Representing Nepal Bankers’ Association, presented on “Lacunas and Unclear Provisions of BAFIA”, 2073. Similarly, Advocate Mr. Resham Raj Regmi on behalf of Nepal Rastra Bank highlighted on the need of new BAFIA 2073 and Advocate Mr. Bidya Kanta Adhikari, highlighted the positive, negative and unaddressed points of BAFIA 2073.

During the event, Key note speakers Honourable Mr. Om Prakash Mishra, Justice, Supreme Court of Nepal, Mr. Sushil Kumar Pant, Senior Advocate, Mr. Gyanendra P. Dhungana, President, Nepal Bankers’ Association, along with some other dignitaries presented their thoughts in the matter.

The Program concluded with the Q&A session where there was active participation from the audience.

National seminar on the role of the private sector for women’s economic empowerment in Nepal

March 29, 2018

March 29, 2018, Kathmandu: Nepal Bankers’ Association, Women Act and Nepal Bangladesh Bank jointly organized a “National Seminar on the Role of the Private Sector for Women’s Economic Empowerment in Nepal” where Dr. Chiranjibi Nepal, Governor of Nepal Rastra Bank was present as the Chief Guest for the event. The Special Guest for the event Mr. Gyanendra P. Dhungana, President of Nepal Bankers’ Association, was one of the speaker where he highlighted on women’s economic empowerment and role of private sector in it. Economist, Feminist Scholar, Researcher and Writer Dr. Meena Acharya delivered Key Note Speech at the event. Dr. Jagadish C. Pokharel (Former Vice Chair, National Planning Commission), Dr. Hiramani Ghimire (Economic Policy Specialist, Former Executive Director of SAWTEE), and Dr. Usha Jha (Expert on Women’s Economic Empowerment and CEO of Samjhauta Nepal) presented as panelists for the event.

Participation in “Digital Finance in Nepal: Understanding the Role of Central Bank, Banking Institutions, Payment Service Operators and Payment Service Providers

March 9, 2018

9th March 2018 Kathmandu: Nepal Bankers’ Association Participated in a program “Digital Finance in Nepal: Understanding the role of Central Bank, Banking Institutions, Payment Service Operators and Payment Service Providers” organized by Society of Economic Journalist of Nepal (SEJON) in association with United Nations Capital Development Fund (UNCDF). During the event Mr. Anukool Bhatnagar, Vice- President, Nepal Bankers’ Association was one of the key speaker. He reflected on the implications of modern day technology urged the banks and financial institutions to adopt the new technology to bring large section of the population into the digital financial system.

Financial Crime Risk Management 2018 and Beyond

March 9, 2018

March 9, 2018 Kathmandu:

NBA in association with KYC Nepal organized an event “Financial Crime Risk Management 2018 and Beyond” at Hotel Annapurna where officials from different banks and financial institutions were present. During the event, the key note speakers briefed about the “Current World View on Banking”, “FATF Standards and Methodology” and “Future Financial Crime Risk Management”

Courtesy Visit to Finance Minister

February 28, 2018

28th February 2018, Kathmandu: NBA Executive members paid a courtesy visit to the newly appointed Finance Minister Dr. Yuba Raj Khatiwada and congratulated him on the appointment.

31st Annual General Meeting’s Press Release; Pictures of the event

November 30, 2017

30th November 2017 – Nepal Bankers’ Association held its 31st Annual General Meeting today.

The AGM unopposedly elected Mr. Ramesh R. Aryal, Chief Executive Officer, NCC Bank Ltd.
as member in the Executive Committee of the Association.

Following the new appointments, the newly formed Executive Committee is as below ;

1. Mr. Anil K. Shah, Chief Executive Officer, Mega Bank Nepal Ltd. President
2. Mr. Gyanendra P. Dhungana, Chief Executive Officer, NB Bank Ltd. Vice-President
3. Mr. Anukool Bhatnagar, Chief Executive Officer, Nepal SBI Bank Ltd. Member
4. Mr. Ashok Sherchan, Chief Executive Officer, Prabhu Bank Ltd. Member
5. Mr. Jyoti P. Pandey, Chief Executive Officer, Nepal Investment Bank Ltd. Member
6. Mr. Lila P. Sitaula, Chief Executive Officer, Agricultural Dev. Bank Ltd. Member
7. Mr. Ratna R. Bajracharya, Chief Executive Officer, Sunrise Bank Ltd. Member
8. Mr. Sudesh Khaling, Chief Executive Officer, Laxmi Bank Ltd. Member
9. Mr. Ramesh R. Aryal, Chief Executive Officer, NCC Bank Ltd. Member
09. Mr. Ashoke Sumsher JB Rana, Chief Executive Officer, Himalayan Bank Ltd. Advisor
10. Mr. Rajan Singh Bhandari, Chief Executive Officer, Citizens Bank Int’l Ltd. Advisor
11. Mr. Sashin Joshi, Chief Executive Officer, Nabil Bank Ltd. Advisor

During the AGM function, NBA also felicitated Mr. Himalaya Shumsher JB Rana with a memento in recognition of his 6 decades long contribution in the financial sector of Nepal. Mr. Rana was the first Secretary of Ministry of Finance and also first Governor of Nepal Rastra Bank who successfully initiated introduction of Nepalese currency throughout Nepal and successfully implemented free convertibility of Nepalese currency into Indian currency at stabilized rate of exchange. Mr. Rana is also former Chairman of Himalayan Bank Ltd. and Nirdhan Utthan Bank Ltd; and also Founding Chairman of Gorkha Brewery established in 1989 – one of the first joint venture companies in Nepal.

MOU Signed between Nepal Bankers’ Association and United Nations Development Project

November 21, 2017

Kathmandu, Nepal: November 21, 2017, Nepal Bankers’ Association participated in the Conference “Role of Private Sector in Sustainable Development in Nepal” Jointly organized by UN Global Compact (UNGC) Nepal Network, KOICA Alumni Association of Nepal (KAAN), UN Development Program (UNDP), Korea International Cooperation Agency (KOICA) and the Embassy of the Republic of Korea. The event took place at Soaltee Crown Plaza, Kathmandu.

President of Nepal Bankers’ Association, Mr. Anil K, Shah was one of the panel members for discussion on “Enabling business environment reform for private sector development in Nepal” along with Ms. Reeta Simha, First Vice President, the Federation of Women’s Entrepreneurs of Nepal, Mr. Joonhyung Kim, Managerial Director, Nepal Water and Energy Development Company Pvt.Ltd., and Mr. Pradip Koirala, Joint Secretary, Ministry of Industry, where he spoke about the current scenario of private sector and its development. The knowledge and information shared during the session was enlightening.

During the Conference, Nepal Bankers’ Association signed the Memorandum of Understanding (MoU), with United Nations Development program (UNDP) with an objective to,
1. Advocate jointly for private sector entities to adopt the agenda 2030 and the SDGs as part of their business development plans
2. Mobilize stakeholders and advocate for their contribution to the achievement of the Sustainable Development Goals.
3. Collaborate to undertake joint initiatives to foster the achievement of the sustainable Goals.
4. Jointly work on policy reforms in Nepal’s business environment for private sector development

Program on AML Compliance

April 25, 2017

25 April, 2017 – Nepal Bankers’ Association, in coordination with Quantum Data Engines, hosted a program on “AML Compliance: Key elements in selecting a comprehensive AML system” where NBA had invited concerned officials from its member banks to the program.

During the program, Mr. Anil K. Shah, President NBA mentioned that having an effective AML system in the banking industry has become a must and banks must make investment in technology to ensure that their own system is secure. He requested the participants to actively participate in the program with an open mind and use this as an opportunity to raise any questions related to the subject matter.

Mr. Jonathan Sanam from QDE discussed about “Key elements in selecting a comprehensive AML system for first time compliance requirements” and the program followed with a presentation on “Showcasing key features of an AML system”.

Training Program on Financial Cooperatives Assessment Tool

April 24, 2017

24 April 2017 – Nepal Bankers’ Association in coordination with UNCDF (UNNATI – Access to Finance) organized a one-and-half day residential training program on “Financial Cooperatives Assessment Tool” on 24-25 April, 2017. The tool was developed in-line with the requirement of BFIs to meet wholesale lending and the main purpose of the tool is to support the BFIs in assessing cooperative to undertake credit assessment/rating of Cooperatives to improve the performance of wholesale lending to them and ultimately increase their agriculture portfolio.

Mr. Anil K. Shah, President of NBA provided his opening remarks to start off the program. He said that the efforts made by NBA, UNCDF and M-CRIL team to develop this tool is very praise-worthy and he hoped that this tool would allow banks to easily assess and rate the Cooperatives.

The training brought together representatives from Nepal Rastra Bank, several BFIs, Nepal Federation of Savings and Credit Cooperative Unions Ltd, Wholesale Lending Organizations, Cooperatives, Training Institutes, etc.

Symposium on “Solution for Effective Anti-Money Laundering Governance, White-Collar Crime and Compliance Management Practices”

February 2, 2017

Feb 2, 2017 – Nepal Bankers’ Association, in association with ELAM Nepal Pvt Ltd and in partnership with FICO – DOWJONES, organized a symposium on “Solution for Effective Anti-Money Laundering Governance, White-Collar Crime and Compliance Management Practices”.

Mr. Anil Keshary Shah, President of NBA delivered welcome speech and said that banks are aware of the threats out there and are always looking for solutions which would make the banking system safe and secure.

Speaking during the program, Mr. Chintamani Siwakoti, Deputy Governor said that the Central bank has been keeping an eye on large financial transactions as part of its efforts to fight money laundering and white collar crimes.

During the symposium, Mr. Timoty Choon (MD, APAC, Fair Isaac GmbH (FICO) Compliance Solution) shared his presentation on Global Compliance Landscape; Mr. Hari K. Nepal (FIU, NRB) talked about AML: Challenges in Compliance & Risk Management; Mr. Timothy Choon (MD, APAC, Fair Isaac GmbH (FICO) Compliance Solution) presented Global Regulatory Compliance Landscape & Effective Credit Risk Management; and Mr Aniruddha Chatterjee (Regional Director, DOW JONES, India) shared his presentation on Being Compliant: A Perspective from Business.

Along with the CEOs and concerned officials from the banks, NRB officials, representatives from various other organizations were also invited to the Symposium.

Interaction program on “Prevailing Situation in the Banking Sector & Way Forward

February 1, 2017

Feb 1, 2017 – Nepal Bankers’ Association organized an interaction program on “Prevailing Situation in the Banking Sector & Way Forward”. The program highlighted current scenario in the banking sector – mainly focusing on the lack of “lendable funds” at the banks.

Mr. Kishore Maharjan, Vice-President NBA and CEO Civil Bank Ltd, presented the paper on behalf of NBA to highlight the current issues and the way forward.

Along with CEOs of Commercial Banks, some of the other dignitaries present during the program were – Deputy Governor of Nepal Rastra Bank (NRB), several other Executive Directors from NRB, President/Chairman of FNCCI, CNI, NCC.

Public Notice on Economic Revival Fund

January 5, 2017

Jan 5, 2017 – ब्याज अनुदान दिने सम्बन्धमा सम्पूर्ण सदस्य बैंकहरुका तर्फबाट नेपाल बैंकर्स संघको सूचना

नेपाल राष्ट्र बैंकको मिति २०७२÷१०÷१० प.सं.ः बैं.वि.नि.वि.÷नीति÷परिपत्र÷कखग÷१३÷०७२÷७३ मार्पmत निर्देशन प्राप्त भए अनुसार नेपाल सरकारबाट स्वीकृत “आर्थिक पुनरुद्धार कोष (स्थापना र संचालन) कार्यविधी– २०७२” मा व्यवस्था भए बमोजिम ब्याज अनुदान सम्बन्धी व्यवस्थालाई कार्यान्वयन गर्ने सम्बन्धमा यस संघमा आवद्ध नेपाल राष्ट्र बैंकबाट इजाजत पत्र प्राप्त कुनै पनि बैंकबाट कर्जा उपभोग गरि कार्यविधिमा उल्लेखित शर्तहरु पुगेका ऋणीहरुले ब्याज अनुदान प्राप्त गर्नको लागि तोकिएको ढाँचामा सम्बन्धित बैंकमा निवेदन दिन यस संघले मिति २०७२।१०।२२ मा कान्तिपुर तथा द हिमालयन टाईम्स् दैनिकमा सूचना प्रकाशन गरेको व्यहोरा स्मरण गराउँदछौं ।

यसै सन्दर्भमा कार्यविधिमा तोकिएको मापदण्ड पूरा गर्ने तथा हालसम्म निवेदन पेश नगरेका योग्य ऋणीहरुलाई यस सूचना प्रकाशित भएको मितिबाट एक महिना भित्र निवेदन पेश गर्नुहुन अनुरोध गर्दछौं । (यस अघि व्याज अनुदानका लागि निवेदन पेश गरिसेकेका ऋणीहरुको हकमा पुनः निवेदन पेश गर्नु नपर्ने)

साथै, सोही कार्यविधिको बुंदा नं.७ बमोजिम योग्य ऋणीहरुलाई पुनरकर्जाको निवेदन समेत यस सूचना प्रकाशित भएको मितिबाट एक महिना भित्र पेश गर्नुहुन अनुरोध गर्दछौं ।

यस सम्बन्धमा विस्तृत जानकारीका लागि ऋणीले सम्बन्धित बैंकमा सम्पर्क गर्नु हुन तथा आर्थिक पुनरुद्धार कोष (स्थापना र संचालन) कार्यविधि, २०७२ नेपाल राष्ट्र बैंकको वेबसाईट https://nrb.org.np/bfr/circular/2072-73/2072_73_For_A_,_B_&_C_Class–Circular_13-%20Arthik%20Punarudhar%20Kosh.pdf र सम्पूर्ण वाणिज्य बैंकहरुको वेबसाईटमा पनि राखिएको व्यहोरा समेत यसै सूचनाद्वारा जानकारी गराईएको छ ।

Interaction program on ‘Cyber Security and Trust in Technology’

December 15, 2016

Katmandu, Nepal: December 15th, 2016- Nepal Bankers’ Association, in co-ordination with Microsoft, convened a gathering of elite Bankers and Financial Services Industry stakeholders including Dr. Chiranjivi Nepal, Governor of Nepal Rastra Bank as the Chief Guest, to create awareness and discuss the increasing importance of ‘Cyber Security and Trust in Technology’.

As we are all experiencing the shift towards a more digital world, and we see Governments and Businesses embracing a digital transformation, leveraging the Internet of Things, Business Intelligence and Cloud Computing and taking advantage of digital data in optimizing, transforming, and creating better services for their citizens and customers, Cyber Security and Trust in Technology becomes more critical and relevant than ever before.

Speaking at the event, Mr. Anil Keshary Shah, President of Nepal Bankers’ Association, discussed the threats and consequences of cyber-attacks in banking systems and outlined what steps banks need to take to minimize and manage these threats, particularly in wake of the recent cyber-attacks in South Asia; including Banks in Nepal. He stated that “News of security breaches continues to dominate headlines, and the scale and scope of intrusions are growing. In 2014 alone, data breaches were up by 78% over the previous year, and cyber criminals compromised more than a billion data records in more than 1500 breaches. In a 2014 report for the World Economic Forum, McKinsey & Company estimated the risk of cyberattacks “could materially slow the pace of technology and business innovation with as much as $3 trillion in aggregate impact.

Dr. Astrid Tuminez, Senior Director – Corporate Affairs, Microsoft South East Asia presented on the amazing opportunities made possible by cloud computing in the age of the Fourth Industrial Revolution. But the other side of this innovation is cybercrime, which is becoming more frequent, sophisticated and targeted. Enterprises need to understand cybersecurity and resilience through trusted technology. Dr. Tuminez stated that “The Microsoft Trusted Cloud helps you focus on your core business. You can achieve the benefits of the cloud while knowing that your security, privacy, and compliance needs are being met. We provide cloud services to the world’s leading enterprises and government agencies. Today, the Microsoft cloud infrastructure supports over 1 billion customers across our enterprise and consumer services in 140 countries and supports 10 languages and 24 currencies. With this unique experience and scale, Microsoft cloud services achieve higher levels of security, privacy, and compliance than most customers could achieve on their own. When organizations use the Microsoft Trusted Cloud, they benefit from Microsoft’s scale and experience running highly secure and compliant online services around the globe. Microsoft’s expertise becomes the customer’s expertise.

The program also include a panel session on the subject matter with DIGP Nawa Raj Silwal – Chief CIB Nepal, Ajit Regmi- Deputy Director (IT) Nepal Rastra Bank, Anil Keshary Shah – President Nepal Bankers’ Association and CEO Mega Bank Ltd, Sudesh Khaling – CEO Laxmi Bank Ltd., Bijendra Suwal – CIO Nepal Investment Bank Ltd., Bin Ru Tan – Regional Sales Director, SEA New Markets, Microsoft, Dr. Astrid S. Tuminez – Regional Director for Corporate, External and Legal Affairs SEA, Microsoft as the panelists The session further helped to raise the awareness amongst all the concerned stakeholders about cyber crime, possible risks we are facing and the way forward. The enriched knowledge shared during the program will help to further strengthen the banking sector against such crimes.

30th AGM of NBA

November 16, 2016

16 November 2016 – Nepal Bankers’ Association held its 30th Annual General Meeting today which elected Mr. Anil Keshary Shah, CEO Mega Bank Ltd as its new President. Similarly, Mr. Gyanendra Dhungana, CEO Nepal Bangladesh Bank Ltd has been elected to the post of Vice-President.

The outgoing Presidnet Mr. Upendra Poudyal, CEO NMB Bank Ltd will continue to serve the Executive Committee as the Immediate Past President. Similarly, the previous IPP Mr. Rajan Singh Bhandari, CEO Citizens Bank International Ltd has been appointed as Advisor in the Executive Committee.

After the new appointments, the formation of the new Executive Committee is as below:

  1. Mr. Anil Keshary Shah, CEO Mega Bank Ltd.                                        President
  2. Mr. Upendra Poudyal, CEO NMB Bank Ltd.                                           Immediate Past President
  3. Mr. Kishore Maharjan, CEO Civil Bank Ltd.                                            Vice-President
  4. Mr. Gyanendra Dhungana, CEO Nepal Bangladesh Bank Ltd.               Vice-President
  5. Mr. Ashoke Sherchan, CEO Prabhu Bank Ltd.                                        Member
  6. Mr. Bhuvan Kumar Dahal, CEO Sanima Bank Ltd.                                  Member
  7. Mr. Jyoti Prakash Pandey, CEO Nepal Investment Bank Ltd.                  Member
  8. Mr. Lila Prakash Sitaula, CEO Agriculture Development Bank Ltd.          Member
  9. Mr. Sudesh Khaling, CEO Laxmi Bank Ltd                                               Member
  10. Mr. Rajan Singh Bhandari, CEO Citizens Bank International Ltd.            Advisor
  11. Mr. Ashoke SJB Rana, CEO Himalayan Bank Ltd.                                  Advisor
  12. Mr. Sashin Joshi, CEO Nabil Bank Ltd.                                                   Advisor

Also, the AGM felicitated Mr. Shambhu Prasad Poudyal, Chairman Nabil Bank Ltd with a momento to recognize his contribution towards the betterment and promotion of banking sector by being involved in the Board of the first private sector bank and also the first joint-venture commercial bank of Nepal.

Public Notice on Economic Revival Fund Procedure, 2072

February 5, 2016

Feb 5, 2016 – ब्याज अनुदान दिने सम्बन्धमा सम्पूर्ण सदस्य बैंकहरुका तर्फबाट नेपाल बैंकर्स संघको सूचना

नेपाल राष्ट्र बैंकको मिति २०७२/१०/१० प.सं. बैं.वि.नि.वि./नीति/परिपत्र/कखग/१३/०७२/७३ मार्पmत निर्देशन प्राप्त भए अनुसार नेपाल सरकारबाट स्वीकृत “आर्थिक पुनरुद्धार कोष (स्थापना र संचालन) कार्यविधी– २०७२” को दफा ५ र ६ मा व्यवस्था भए बमोजिम ब्याज अनुदान सम्बन्धी व्यवस्थालाई कार्यान्वयन गर्ने सम्बन्धमा यस संघमा आवद्ध नेपाल राष्ट्र बैंकबाट इजाजत पत्र प्राप्त कुनै पनि बैंकबाट कर्जा उपभोग गरिरहेका र तपसिल बमोजिमका शर्तहरु पुगेका ऋणीहरुले ब्याज अनुदान प्राप्त गर्नको लागि तोकिएको ढाँचामा यो सूचना प्रकाशित भएको मितिले एक महिनाभित्र सम्बन्धित बैंकमा निवेदन दिनुहुन यो सूचना प्रकाशित गरिएको छ ।

तपसिल

१.     ब्याज अनुदान उपलब्ध गराईने क्षेत्रहरु :

क) कृषि क्षेत्र : युवा तथा साना व्यवसायीहरुलाई प्रदान गरिने ब्याज अनुदान सम्बन्धि कार्यविधि–२०७१ बमोजिम नसमेटिएको कृषिजन्य क्षेत्र

ख) पर्यटन क्षेत्र : टेकिङ्ग, ट्राभल, पर्वतारोहण, होमस्टे, रिसोर्ट, ¥याफ्टिङ्ग, क्याम्पिङ्ग, होटल तथा रेष्टुरेण्ट ।

ग) घरेलु, साना तथा मझौला उद्योगहरु : सबै घरेलु, साना तथा मझौला उद्योगहरु ।

घ) उत्पादनमूलक उद्योगहरु : चुरोट, बिंडि, सिगार, सुर्ती, खैनी, गुट्खा लगायत सुर्तीजन्य उद्योग तथा   मदिराजन्य उद्योग वाहेकका अन्य उत्पादनमूलक उद्योगहरु ।

तर व्यक्तिगत कर्जा, घर कर्जा, सवारी साधन कर्जा लगायत आपूर्तिमा देखिएको असहजताका कारण नगद प्रवाह प्रभावित नभएका क्षेत्रलाई यस्तो ब्याज अनुदान उपलब्ध गराइने छैन ।

२. सीमानाकामा भएको अवरोध तथा आपूर्ति प्रणालीको असहज परिस्थितिका कारण आर्थिक वर्ष २०७१/७२ को पहिलो ६ महिनामा भएको उत्पादन/कारोबार आर्थिक वर्ष २०७२/७३ को सोही अवधिमा ५०% भन्दा कम भएको हुनुपर्ने र त्यस्तो वित्तिय विवरण लेखा परीक्षकबाट प्रमाणित भएको हुनुपर्ने ।

३. ब्याज अनुदान आवेदन गर्ने ऋणी २०७२ असार मसान्तमा नेपाल राष्ट्र बैंकको कर्जा वर्गीकरण अनुसार “असल” ऋणीमा वर्गीकृत भएको हुनुपर्ने ।

४.    यस्तो सुविधा ऋणीले पेश गरेको व्यवसायिक कार्ययोजनाका आधारमा दिईने हुँदा त्यस प्रकारको बैंकलाई मान्यहुने कार्ययोजना पेश गरेको हुनुपर्ने ।

५.    कार्यविधि विपरित ब्याज अनुदान लिएको पाईएमा प्रचलित कानून बमोजिम कारबाही हुनेछ ।

माथि उल्लेखित अवस्था पुरा भएमा आर्थिक वर्ष २०७२/७३ को साउन महिनादेखि पुस महिनासम्मको ब्याजदरमा रु. १० करोड सम्मको कर्जा उपयोग गरेकोमा वार्षिक ४% बिन्दुका दरले र रु. १० करोड भन्दा बढी कर्जा उपयोग गरेकोमा उक्त बढी कर्जाको ब्याजदरमा वार्षिक २% विन्दुका दरले ब्याज अनुदान उपलब्ध गराइनेछ ।

यस सम्बन्धमा विस्तृत जानकारीका लागि ऋणीले सम्बन्धित बैंकमा सम्पर्क गर्नु हुन र  आर्थिक पुनरुद्धार कोष (स्थापना र संचालन) कार्यविधि, २०७२ वेबसाईटमा पनि राखिएको व्यहोरा समेत यसै सूचनाद्वारा जानकारी गराईएको छ ।

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