Conference on Leadership Development for the New Normal, Nepal
BANKING FINANCE|January 2022
Banking, Finance and Insurance Institute of Nepal (BFIN) organized a one-day conference entitled "Conference on Leadership Development for the New Normal" on 27 November, 2021 at the Radisson Hotel, Kathmandu.
Conference on Leadership Development for the New Normal, Nepal

This conference was attended by over 170 delegates including CEOs, Top Executives and Managers of Banks and Financial Institutions, Insurance Companies, Senior Government Officials, Leaders of public and private industries and other distinguished delegates/professionals engaged in the public and private sector. This conference had several insightful deliberations from prominent international speakers/personalities from India, Bangladesh, Nepal and Sri Lanka.

Dr. Neelam Dhungana Timsina, Senior Deputy Governor of Nepal Rastra Bank was the Chief Guest for the opening ceremony who inaugurated the conference. Other Special Guest of Honour for the program were Dr. Duvvuri Subbarao, Former Governor, Reserve Bank of India, Dr.Atiur Rahman, Former Governor, Bangladesh Bank, Dr. Chiranjibi Nepal, Former Governor, Nepal Rastra Bank, and Mr. Bam Bahadur Mishra, Deputy Governor, Nepal Rastra Bank.

On behalf of the organizers, Dr. Binod Atreya, Managing Director of BFIN welcomed the Guests and Delegates in the program while all the Guests presented their inaugural remarks. Dr. Atreya at its welcome remarks highlighted the objectives of the program and noted that leaders across organizations of all shapes and sizes must be digitally ready - considering today's world and need. The business risks are increasing day by day with the introduction of the next phase digital revolution and disruption in the financial sector. The digital revolution requires enormous investment, new skills and capabilities to manage new threats and risks, new regulatory systems to look into the digital-backed businesses and complexities, and the leaders have to be capable to manage the digital institutions.

This story is from the January 2022 edition of BANKING FINANCE.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the January 2022 edition of BANKING FINANCE.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM BANKING FINANCEView All
Insolvency's Group Tangle
BANKING FINANCE

Insolvency's Group Tangle

The Insolvency and Bankruptcy Code (IBC) has been around for nearly seven years, and in these seven years, it has been amended six times. However, it is yet to address a significant concern: group insolvencies.

time-read
4 mins  |
February 2024
Why mot retirees don't find refuge in reverse mortgage
BANKING FINANCE

Why mot retirees don't find refuge in reverse mortgage

It would be the deal of the century, or so Andre-Francois Raffray could have thought. The Frenchman had in December 1965 stuck a deal with 90-year-old Jeanne Calment to pay her 2,500 francs every month until she died.

time-read
5 mins  |
February 2024
The rise and rise of mutual funds
BANKING FINANCE

The rise and rise of mutual funds

It is curious that the cake cutting and champagne popping that accompanied the Nifty's new lifetime high in recent weeks, was not in evidence when the mutual fund industry topped Rs. 50 lakh crore in assets.

time-read
4 mins  |
February 2024
UNSECURED RETAIL LENDING IN INDIA + CAPTURING EMERGING TRENDS
BANKING FINANCE

UNSECURED RETAIL LENDING IN INDIA + CAPTURING EMERGING TRENDS

Abstract: In recent times, RBI has been vocal about the high growth rate of unsecured retail credit in India as compared to the overall credit growth in the country. The RBI has termed the unsecured retail credit an outlier segment\" as far as its growth rate is concerned and has drawn the attention of banks and NBFCs in this regard. As part of regulatory intervention, RBI has also increased the risk weights associated with unsecured credit exposure of banks and NBFCs. Post this development, the banking fraternity has been divided in their understanding of the ground realities. On one hand, there is a school of thought which feels that the recent surges in the unsecured retail lending in India is backed by solid macros. Whereas, others feel that the more than expected upsurge is a sign of incipient stress and might pose systemic risk, if not dealt with an iron hand.

time-read
10 mins  |
February 2024
TRANSFORMING BANKING THROUGH ARTIFICIAL INTELLIGENCE
BANKING FINANCE

TRANSFORMING BANKING THROUGH ARTIFICIAL INTELLIGENCE

The transformation of banking through artificial intelligence (AI) has been a significant and ongoing trend, with numerous implications for customer experience, operational efficiency, risk management, and more.

time-read
2 mins  |
February 2024
NEED FOR CORRUPTION FREE BANKING IN INDIA
BANKING FINANCE

NEED FOR CORRUPTION FREE BANKING IN INDIA

Introduction: Corruption is dishonest behaviour or abuse of entrusted power for private gain. It starts with the tendency of using public office for some personal benefit, implies the failure of ethics and erodes trust, weakens democracy, hampers economic development, undermines democratic institutions slows economic development, contributes to governmental instability and further exacerbates inequality, poverty, social division and the environmental crisis. Corruption is a complex social, political and economic phenomenon that affects all civilisations and attacks the foundation of democratic institutions by distorting electoral processes, perverting the rule of law and creating bureaucratic quagmires whose only reason for existing is the soliciting of bribes. Economic development is stunted because foreign direct investment is discouraged and small businesses within the country often find it impossible to overcome the \"start-up costs\" required because of corruption.

time-read
3 mins  |
February 2024
FROM RUPEE TO DIGITAL CURRENCY: UPI AND CBDC IN INDIA
BANKING FINANCE

FROM RUPEE TO DIGITAL CURRENCY: UPI AND CBDC IN INDIA

India's remarkable digital transformation has been driven by innovative financial technologies and a vision for an inclusive, cashless economy. Two significant milestones in this journey are the Unified Payments

time-read
4 mins  |
February 2024
EMPOWERING THE DIGITAL JOURNEY: THE CRUCIAL ROLE OF STRAIGHT-THROUGH PROCESSING (STP) IN BANKING
BANKING FINANCE

EMPOWERING THE DIGITAL JOURNEY: THE CRUCIAL ROLE OF STRAIGHT-THROUGH PROCESSING (STP) IN BANKING

In the ever-evolving landscape of banking and financial services, the digital revolution is reshaping industries and redefining customer expectations. As banks embark on their digital journeys to meet these changing demands, the implementation of Straight-Through Processing (STP) has emerged as a cornerstone strategy for success. STP not only streamlines internal operations but also plays a pivotal role in enhancing customer experiences, reducing costs, and fortifying the foundation for a seamless digital future.

time-read
3 mins  |
February 2024
'DIGITAL BANK' - LICENSING AND REGULATORY FRAMEWORK IN INDIA AND WAY FORWARD
BANKING FINANCE

'DIGITAL BANK' - LICENSING AND REGULATORY FRAMEWORK IN INDIA AND WAY FORWARD

Last 6 to 8 years have seen rapid development in 'Digital bank' across the world, and China is no exception. Digital banks have an entirely branchless digital service and the need for physical branches is replaced by non-stop, 24/7 customer service and automated systems.

time-read
8 mins  |
February 2024
CONCENTRATION: THE NAUGHTY MONKEY
BANKING FINANCE

CONCENTRATION: THE NAUGHTY MONKEY

Maintaining mental focus can be quite challenging, especially with the constant distractions we encounter on a daily basis. In today's interconnected world, it is incredibly easy to get sidetracked by notifications from social media or the latest news updates. However, having strong mental focus is vital for achieving success. The ability to concentrate on a task at hand is essential for learning, accomplishing goals, and performing well in various situations.

time-read
4 mins  |
February 2024