Friday Nov 29, 2024
Friday Nov 29, 2024
Friday, 15 December 2023 00:30 - - {{hitsCtrl.values.hits}}
In a move to deepen the understanding of branch banking, credit practices and to gain insights into innovative financial strategies, Branch Managers of Nepali commercial banks recently undertook an exposure visit to the People’s Bank.
The visit, which took place on 7 November aimed to facilitate knowledge exchange and foster cross-border collaborations in the realm of credit management.
The Centre for Banking Studies of the Central Bank of Sri Lanka (CBSL) organized the delegation of key representatives from prominent commercial banks in Nepal. The focus of their visit was to delve into People’s Bank’s credit policies, risk management frameworks, and the technological advancements that have propelled the bank’s success in the credit domain.
The Nepalese bankers engaged in interactive sessions with credit experts and executives at the People’s Bank. The discussions covered a wide array of topics, ranging from credit assessment methodologies to the use of digital banking in shaping lending and other banking decisions.
The exposure visit also featured an on-site visit to People’s Bank, Head Quarters Branch, allowing the visiting bankers to witness the practical application of banking activities in real-world scenarios. This hands-on experience provided valuable insights into the nuances of savings, recoveries, cash management, and credit management from customer interaction to risk mitigation strategies.
The delegation expressed gratitude for the warm reception and the transparent sharing of information by the People’s Bank. They highlighted the relevance of the exposure visit in enhancing their knowledge base and adapting global best practices to the unique challenges and opportunities present in the Nepalese financial landscape.
As the Nepalese bankers concluded their exposure visit, they carried back not only a wealth of knowledge but also a strengthened bond between the People’s Bank and financial institutions in Nepal. The visit exemplifies the power of cross-border collaborations in fostering growth and innovation within the dynamic realm of banking activities.
