In a move to deepen the understanding of Branch Banking, and credit practices and gain insights into innovative financial strategies, Branch Managers of Nepali commercial banks recently undertook an exposure visit to People’s Bank. The visit, which took place on Nov 07th 2023 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 this delegation, which included 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.
During the visit, the Nepalese bankers engaged in interactive sessions with credit experts and executives at 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 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.
