OSN

Customer Oriented Baking Service – ग्राहक मुखी बैंकिङ सेवा Who is Customer? Customer is an individual or business that purchases the goods and services produced by a business. Customers are the key factor for any business to achieve their goals and objectives. A satisfied customer is a key to success for every organization. Therefore every […]

Client Protection Principles The client protection principles articulate the standard of care that clients should expect to receive when doing business with financial service providers. Responsible financial services providers encompass the core client protection principles to help financial service providers practice good ethics and smart business. The following principles should be followed for the effective

Know Your Customer is a form issued by the Nepal Rastra Bank for bank and financial institutions to maintain an individual’s record of their clients. This is the unified directives of Nepal Rastra Bank. Objective/Importance/Benefits of KYC To gather information about customer details. To gather information related to customer business. To control the money laundering.

What is a deposit? Deposit is amount taken from the customer/amount deposited by the customer. Accepting deposit is the primary function of the bank. Different accounts (saving, current, fixed, margin call account) are used to collect the amount. The deposit can be interest-bearing and non-interest bearing. Deposit is the primary source of lending. Deposit is

What is deposit mobilization? Deposit mobilization is an integral part of any bank. It is the primary function of any commercial banks. Bank cannot achieve its goal and objective without mobilizing the deposit in the right sector in different activities. Banks will have to show an ascending order if profit in order to ensure growth

What is the loan? Loan is the amount of money provided to individual or institution for a predefined time period by the bank and financial institutions by charging a fixed amount of interest. A loan can be either individual or institutional. Loan taker is called loanee or borrower. Advancing loan is the primary function of

Loan Classification The bank loan can be classified into two types according to the overdue of the credit period. बैंकहरुले प्रवाह गरेको कर्जा/सापटको साँवा वा ब्याज भुक्तानी हुनुपर्ने भाखा नागेको अवधिका आधारमा सम्पूर्ण कर्जा सापटलाई देहाय बमोजिम वर्गीकरण गरिन्छ। They are – Performing Loan (सक्रिय कर्जा) Non-performing loan (निष्कृय कर्जा)  Performing Loan (सक्रिय कर्जा)  Pass Loan (असल

What is Remittance? Remittance is the transfer of money from one place to another place or one account to another account. Difference means can be used in remittance. Remittance is a non-funded and less risky business where there is no physical movement of money. There are at least 4 parties are involved while remitting the

What are the modes of payment in banking and financial institutions? Different modes of payments are Cash Cheque Draft SWIFT Fax Transfer Mail Transfer Letter of Credit Mobile/Online/Internet Banking Bills of Exchange Card – Debit/Credit Promissory Note Cash – Cash payment is a very basic, traditional and common mode of payment. In this case, the buyer

What is Share Capital? A share capital amount of money raised by issuing the share by a company. The shareholders are the owner of the company. The total share capital is divided into small parts and each part is called a share. Share is the smallest part of the total capital of the company. The