Banking Finance and Insurance Institute of Nepal Limited (BIFIN) has concluded its annual festival program on the 30th of Shravan 2077 (August 14, 2020) through virtual. On the occasion, "Journal of Banking Finance and Insurance" was released through Zoom and an online seminar on "COVID 19 AND NEW NORMAL: HOW WE CAN MANAGE OUR BUSINESS" was also organized.

Inclusion in Nepal's Banking and Financial Sector, Strengthening the Payment System, Use of Technology Now Needed - Deputy Governor Chintamani Siwakoti

Deputy Governor of Nepal Rastra Bank Chintamani Siwakoti was the chief guest of the event while former Governor of Bangladesh Bank Dr. Dr. Atiur Rahman. Deputy Governor of Nepal Rastra Bank Chintamani Siwakotiju, who was the chief guest at the event, released the "Journal of Banking Finance and Insurance". Chintamani Siwakoti said that training programs need to be conducted on the issues of inclusion in the banking and financial sector of Nepal, strengthening of payment system, integration of banks and financial institutions and operation of banks through the use of technology in the event of this epidemic. Expressing confidence that BIFIN would succeed in conducting skill-based programs for the manpower of banks and financial institutions, he appreciated the remarkable progress made in a short period of time and wished it success in establishing itself as a global institute in the future.

BIFIN's second anniversary program participated Former Governor of Bangladesh Bank Dr.Atiur Rahman praised Biffin for his excellent work in a short span of time.  He also stressed on the need for all nations to develop manpower, invest in manpower development, make the existing manpower technology friendly, promote green financing, control investment in projects that pollute the environment and operate government mechanisms through technology development.

Speaking on the occasion, Bhishma Raj Dhunganaju, Chairman of the Nepal Securities Board, said that financial literacy was essential for the securities market and wished him success in the days to come.

Speaking on the occasion, Chairman of the Insurance Committee Chiranjeevi Chapangaiju lauded the progress made by BIFIN in the short term and said that the necessary financial literacy program in the insurance sector would contribute to the development of the insurance sector in collaboration with the Insurance Institute of Nepal. He wished her well.

The Director General of CPSC, Philippines, Dr. Ram Hari Lamichhane lauded the work done by BIFIN for making the employees accountable for achieving the goals of the organization by conducting training and skill enhancement programs as manpower development is very important for the organization and expressed confidence that it would be successful in the future as well. 

Similarly, Professor of Bangladesh Institute of Bank Management Dr. Shah Md. Ahsan Habib. Expressing happiness over the success of BIFIN in conducting strategic partnership with reputed organizations in a short span of time.

Speaking on the occasion, Bhuvan Kumar Dahal, President of Nepal Bankers Association, praised the contribution made by BIFIN in Nepal's financial sector. He expressed the view that relief could be provided to the region.

Chairman of F One Soft International, Bishwas Dhakal, pointed out the need to further refine the technology being developed and used in the banking sector of Nepal. 

Manoj Kumar Pandey, Associate Professor of BIMTECH India, a strategic partner of the organization, praised the work done by BIFIN. 

At the beginning of the program, the Managing Director of the organization, Dr. Binod Atreya said that BIFIN has so far conducted more than 65 training programs, 5 international conferences, 45 types of courses and provided training to more than 2500 employees of 180 organizations. He also informed that the government has managed to complete more than 10 outbreaks including various issues related to the situation caused by the epidemic during the lock-down caused by the corona virus which has spread like an epidemic all over the world.

Dr. Atreya also informed that the goal is to strengthen the overall financial sector by continuously working in the field of knowledge, skills and learning of the manpower of Nepal's banking and financial sector. At the end of the program, he thanked all those present and concluded the program.

BIFIN, Emerging Nepal Limited is managed by a total of 16 institutions including commercial banks, development banks, finance companies, microfinance institutions and capital market related institutions. To enhance the skills, knowledge and competencies of the employees by organizing training, seminars and workshops related to the banking and financial sector, to conduct research and consulting services related to the financial sector, to conduct various recognized educational programs in association with national and international educational institutions. The main objective of this organization is to consolidate the information of banks and financial institutions and to contribute to the development of the financial sector.