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Discussion on Nepal Financial Reporting Standard (NFRS)

Nepal Bankers’ Association (NBA) organized an interactive discussion program on NFRS 9. The program objective was to enhance the level of understanding on the subject matter, as well as raise the preparedness level at the banks.
As a resource person, Mr. Jagadish Kumar, Deputy Director of Nepal Rastra Bank, delivered a presentation on NFRS 9 and shared his experience on the subject matter.
The event was highly interactive where Chief Financial Officers (CFOs) and Chief Risk Officers (CROs) of member banks discussed on challenges of implementing NFRS 9 in their banks. Mr. Kumar assured that NRB will provide its full support to banks in implementing NFRS9. Mr. Satish Raj Joshi, NBA Finance Committee Coordinator highlighted that the Committee Members are actively working on the areas of NFRS 9 and the way forward shall be shared with all for further review/suggestions.