Post on 13-May-2020
a..
New Launch:
In this issue New Launch. P1 NSBL Activities. P6 Brief Profile of the Bank. P2 Our Technology Products. P8 Message from CEO. P3 Fact Station. P9 Relationship between the Dollar Value & Price. P4 Mobile ATM. P11 Nepal SBI Merchant Banking Limited. P5 Quote of the Month. P12
We heartily Welcome
Shri B. Sriram, MD (CBG),
Shri Siddhartha Sengupta, DMD (IBG)
& Shri Sujit Kumar Varma (IB),
State Bank of India, to Nepal.
Special Edition Vol 02 ::Baishakh 2073
Shri B. Sriram, MD (CBG)
Shri Siddhartha Sengupta, DMD (IBG)
Shri Sujit Kumar Varma (IB)
BANK IN A NUT SHELL
Nepal SBI is a subsidiary of State Bank of India, which holds 55% share. Another 15% is held by the Employees Provident
Fund (EPF) of Nepal, rest 30% is held by public shareholders. It is now in its 22nd year of operation.
Legal Form: A Public Limited Company incorporated at the office of Company Registrar, Kathmandu and licensed by Nepal
Rastra Bank on July 6, 1993 as ‘A’ class licensed institution.
Corporate Office:
Nepal SBI Bank Limited
Corporate Office, Hattisar, Kathmandu
Tel No: 4435516, 4435613, Fax No: 4435612
Email: corporate@nsbl.com.np
Website: www.nepalsbi.com.np, www.nsbl.com.np
MANAGEMENT TEAM
1. Shri Anukool Bhatnagar Managing Director (CEO)
2. Shri Vijay Kumar Tyagi Chief Operating Officer (Dy. CEO)
3. Shri Priya Ranjan Chief Financial Officer
4. Shri Chhapi Raj Pant Chief Risk Officer
5. Shri Dev Raj Adhikari Chief Credit Officer
WE SERVE WITH
We deliver full range of banking and financial solutions to help our valued clients.
DEPOSIT and ACCOUNTS
We offer Current and Business Call Deposit Account, Saving Deposit Account and Fixed Deposit Account services. We have
devised various kinds of Fixed, Premium Saving and Recurring Deposit Accounts. We also maintain payroll account of
organization staff alongside a separate provident fund account which yields higher interest rate than normal saving account.
LOANS and ADVANCES
We provide all kinds of corporate and retail financing service catering to various credit needs of our clients.
Our global presence and correspondence network has given us the reach to almost every corner of the globe and has enabled
and strengthened our Trade Financing Service delivery.
“All our dreams can come true if we have the courage to pursue them”.
--Walt Disney
BRIEF PROFILE OF THE BANK
INTERNATIONAL BANKING
Nepal SBI Bank Remittance services allow our consumers to transfer funds to and from Nepal through peerless inward and
outward remittance solutions.
We have efficient fund transfer mechanism called “SBI Nepal Express Remit” and “Indo Nepal Remit” for transferring
money from India to Nepal. We transfer funds from rest of the world countries using SBI Branches all over the globe. SBI has
its branch offices in most of world cities including Frankfurt, London, Sydney, Paris, Hong Kong, Tel Aviv, Tokyo, Shanghai,
Cairo, Dubai, Istanbul, Toronto, New York, California Dhaka, Srilanka etc.
CARD / E –BANKING SERVICES
Nepal SBI Bank ATM Card gives consumer access to the convenience of 24-hour banking in any of our 82 ATMs in Nepal,
plus more than 100 ATMs of national financial institutions that are part of the VISA network plus over 25,000 ATMs of SBI
in India. We also provide internet banking, mobile banking as well as Vishwa Yatra Card (foreign currency USD visa card).
Two mobile ATM is also being launched at Kathmandu and Pokhara respectively.
IRCTC TICKET ONLINE BOOKING UTILITY
This product was launched with a view to facilitate hassle-free booking of tickets of Indian Railways. With this utility, our
customers can book tickets through IRCTC’s Online Passenger Reservation System and can make payment through Nepal
SBI Internet Banking
Mr. Anukool Bhatnagar
Managing Director (CEO)
Nepal SBI Bank Ltd.
“Message from the CEO” It’s my pleasure to welcome all readers, stakeholders
and well-wishers to this special edition of our bank’s
quarterly newsletter “Laligurans”. Nepal SBI Bank
Ltd is going to complete its glorious 23rd years of its
operation in Nepal. In this occasion, we all team of
Nepal SBI reiterate that the quality of service
standard and focus on the need of our valued
customer will be the first priority of the bank. All
the world-class technology product and platform
shall be made available in Nepal gradually by Nepal
SBI bank Limited. The e-corner which is being
launched soon will have the complete range of
technology product platform in one spot. Similarly,
we are in the process of increasing our reach in
various hilly as well as other newly developing cities
and places of Nepal.
At last, I wish Happy New Year 2073 to our valued
customers, stakeholders and well-wisher of the
bank.
With Warm Wishes
Anukool Bhatnagar, MD , CEO
Nepal SBI Bank Limited
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"To accomplish great things, we must not only act, but also dream, not only plan, but also believe".
--Anatole france
The Relationship between the Dollar Value and Gold Price
Nepal SBI Bank Ltd.
bags Industrial Peace
Award-2072
Nepal SBI Bank Ltd (NSBL), an
Overseas Banking Subsidiary of
State Bank of India in Nepal,
received the ”Industrial Peace
Award-2072” (Gregorian year-
2016), being rated as the best
amongst all the private sector
undertakings in Nepal for
institutionalizing best
industrial relations practices
and industrial relations
architecture over the past 3
years. The award was handed
over by Dr Chiranjibi Nepal,
Governor, Nepal Rastra Bank,
during the 25th Anniversary of
the Financial Institutions
Employees’ Union of Nepal
(FIEUN) at Kathmandu, on
04.04.2016. The award was
received by Mr. Ramesh
Ghimire, Company Secretary,
Nepal SBI Bank Ltd.
An individual, who is aware of the ongoing
trade of US$ gold price and the Dollar Index,
would definitely be aware of their being
opposite each other in directions.
The basic reason for gold and dollar being in
complete opposition is that gold is more of a
currency. It is being traded in the global
market as money, and because of this very
reason, dollar happens to lose its value on
the foreign exchange market over a
prolonged duration. During the same
period, gold price is expected to gain a rise.
At this point, the fact cannot be overlooked
that whenever dollar gains back its value,
even if after a lot of months, price of gold is
going to decline.
Whenever the charts or the graph of dollar
and gold are compared, the vast difference
becomes clear along with the fact that both
of them have been inversely correlated ever
since the currency system came into being
around the early 1970s.
Gold is generally perceived as a long-term
hedge against inflation. It would not be very
long that periods of uncertainty would
instigate an increase in the price of precious
metals. There is an inverse link between the
precious Metal Price Index and the US Dollar
Index.
The World Gold Council has even
substantiated this fact that they both share
an inverse relationship.
During the recession of the US Dollar, it
typically appreciates in worth and the cost
of silver, platinum and palladium usually
face a decline. There are periods of
recessions when gold and the US Dollar
appreciate together, and that helps fail the
inverse relationship over the short-run.
However, during the long-term, this
inverse relationship does not lose its grip
and the reciprocal trend continues.
Therefore, the aforementioned points
indicate gold as not a long-term hedge
against inflation. It very vividly puts forth
the fact that gold, unlike any of its
companion metals like silver, platinum and
palladium, is definitely a short-term
security hedge against recession and
decline.
Gold definitely has an edge above the US
Dollar in the global market as it tends to
benefit its consumers in the long run. It is
not so that it loses its value when dollar
gains back its worth. Gold has an edge of
benefit still left behind, and the fact
remains that when gold reaches its peak,
dollar is nothing more than mere piece of
paper. Due to these very reasons, they both
share a reciprocal relationship where either
one side benefits or the other one suffers.
Yet, both are the commodities that
investors do not refrain from investing in.
Article Source:
http://EzineArticles.com/3741680
Nepal SBI Merchant Banking Limited
e-Corner: Combined spot of alternative channel and technological product
The bank has been providing services through number of alternative channels such as ATM, E-Banking, Mobile banking etc.
Our Bank is in process of launching CDM and SSK as well. All these utilities combined will create a unique experience for the
customers of the bank wherein the customers will be able to enjoy services offered by the bank without any manual
intervention at any time preferred by the customer.
All this has been possible by bank’s implementation of innovative technology. And thus the bank has decided to call this
consolidation of technology services into a new and attractive brand: e-Corner. The main aim of the e-Corner is to
provide technology backed services to its customers. The e-corner is designed in a way to showcase bank’s strength in terms
of technology and variety of services being offered. We believe the e-corner to be a popular feature among various our
customers as this provides wide range of services in a same place.
I. NSMBL D-mat Service:
a. Open and maintain Beneficial Owner account
b. Dematerialization and re-materialization of securities
c. Recording of securities in electronic form
d. Settlement of trades by transferring/receiving the securities from/in BO
accounts
e. Electronic credit of securities allotted by issuers during IPOs
f. Deposit of non-financial corporate benefits (such as bonus, right shares, etc)
issued by issuers in the Demat Account of BOs
g. Facilitation of pledge/unpledged/freeze/name transfer etc of dematerialized
securities
II. NSMBL Share Registration Services:
a. Custody of undelivered certificates and dividend warrants
b. Maintenance and verification of specimen signatures of shareholders
c. Registration of transfer and transmission of shares
d. Payment of dividends and bonus share issuance
e. Custody service for debenture and regular interest payments
Objectives of the NSMBL:
a. To safeguard and promote the
rights and benefit of the
Shareholders of the Company.
b. To provide qualitative and reliable
services of different types as a
Securities Business Person.
c. To organize required activities to
promote reliability of the investors
towards Capital Markets.
d. To coordinate with Securities
Board of Nepal for development
and expansion of related services
in New and the existing Capital
Markets and providing quality
service by obtaining approval
wherever necessary.
e. To provide facilities relevant to
Capital Markets in rural and
urban sectors by properly
mobilizing available skill, labour
and capital, and to assist by
actively participating for the
overall development of capital
markets of the Country by
providing necessary financial
resources, technical and
managerial consultancy services,
training and technology for the
purpose.
NEW CORNER
NSBL Adventure Club: In order to familiarize NSBL to the general public NSBL Adventure Club was formed and first adventure program was
conducted at Swoyambhu Nath Temple area on 30.01.2016. CEO, CFO, CCO, Department head and other staff members of the bank participated in
the program.
NSBL Activities
NSBL CSR Activities/ Other Activities
NSBL has assisted Pashupati Area Development Trust
(PADT) in cleaning the Pashupati Nath temple premises on regular basis. Ten cleaning personnel was identified
and deputed to Pashupatinath Temple Area. This initiative was well appreciated by the visitors.
The existing popular mobile banking product of nepal SBI is being rebranded with Nepal typical name “ Mero Saathi “ with a tag line “Mero Mobile, Mero Biswas”. It will be instrumental in popularising more about our Mobile
Banking Product in Nepal.
Re-Branding of Nepal SBI Mobile
Banking Product.
General Awareness Program for Traffic Awareness at Nepal SBI Bank Limited.
NSBL Customer/ Public Awareness Program
Being Open to New Ideas Business
Story Rosabeth Moss Kanter tells a great story about an executive at a fabric
manufacturer who took over a group and demonstrated that he was
open to any new ideas. Someone from the production line approached
the executive and, in a heavy foreign accent, said he had an idea that
might solve a problem that had long bedeviled the company: An
important type of fiber would sometimes snap, causing millions of
dollars of production delays each year. The executive promised to try
the idea, and it worked.
“That was a great idea,” the executive told the worker. “How long have
you had this idea?”
“Thirty-two years,” the worker replied.
A Glimpse of National Risk Management Conference - 2016. Our Managing Director, Shri Anukool Bhatnagar is
seen addressing the conference as a Resource Person.
NSBL Activities (…Contd)
Our Managing Director Sri Anukool Bhatnagar
participating in Press Conference at Soaltee Crowne Plaza for the Soaltee Crown Plaza Social Golf Tournament 2016.
A glimpse of Prize Distribution ceremony of Soaltee
Crowne Plaza Social Golf Tournament 2016 sponsored by Nepal SBI Bank Limited.
A glimpse of Prize Distribution ceremony of Soaltee Crowne Plaza Social Golf Tournament 2016 sponsored by Nepal SBI Bank Limited.
NSBL staff participating in a Training Program “Credit Appraisal-Advance Level” at our Pokhara Branch,
Pokhara.
A glimpse of Nepal SBI Bank Ltd Staff Training Program “Risk and Compliance“ held on 7th May 2016 at
Kathmandu.
Banks logo and banners displayed at Royal Nepal Golf
Club (RNGC) during the Golf Tournament sponsored by Nepal SBI Bank along with other companies.
OUR TECHNOLOGY PRODUCTS
What is Secured Transaction Act 2063 Secured Transactions Act 2063 (2006), an act made to provide smooth operation modalities for secured transactions
“The following Act enacted by the House of Representatives in the First Year of the issuance of the Proclamation of the House of
Representatives, 2063 (2006) is hereby published for information of the general public.
Preamble:
Whereas, it is expedient to make provisions forthwith to secure obligations with movable and intangible property by making consolidated legal
provisions in relation to secured transactions for the maximum promotion of economic activities for the economic development of the country;
Now, therefore, be it enacted by the House of representatives in the First Year of the issuance of the Proclamation of the House of
Representatives, 2063(2006).
Short title and commencement:
(1) This Act may be cited as the “Secured Transactions Act, 2063 (2006)."
(2) It shall come into force at once. ….”
The overarching goal of Secured Transaction Registry is to reduce risks associated with extending credit, thereby increasing opportunities for
economic expansion. Providing legal structures through which movable assets in emerging markets can be effectively used as collateral will
significantly improve access to finance in the economy. Well-functioning secured transactions systems enable businesses to use their assets
as security to generate capital—from the farmer pledging his cows as collateral for a tractor loan, to the seller of goods or services pledging
the cash flow from customer accounts as collateral for business expansion. It allows SME’s to use movable goods as collateral to gain credit.
This legislation would also allow creditors to seize goods in the event of default without having to go through the lengthy and costly court
processes and judicial sale.
Since the secured transactions act is going to come into effect very shortly, here is the answer of FAQs regarding the act and its operational
procedure.
What is Secured Transaction Registry?
The Secured Transaction Registry is a database in which secured creditors (Financial institutions, leasing companies and private lenders) can
give notice of their security interests in movable goods of an enterprise or individual. The Registry also provides for interested parties to search
(query) to find if there are prior security interests in goods pledged by a debtor.
Who regulates Secured Transaction Registry?
Secured Transaction Registry office is regulated by Ministry of Finance.
Where is the Registry?
The Ministry of Finance, Nepal has empowered Karja Suchana Kendra Limited (KSKL, broadly known as Credit Information Bureau, CIB) to
operate the service as per the provisions made in the Secured Transaction Registry Act of the country. The Registry system is installed in
KSKL Data Center which is located at Heritaze Plaza, Kamaladi, Kathmandu.
Functions of Secured Transaction Registry Office of Nepal (STRO)
Following functions can be performed through this Registry:
• Filing an initial notice of security interests on movable assets and performing functions over the initial notices such as amendments,
continuation, correction and termination of the initial notices etc as prescribed in the STR Act of the country.
• Search for prior security interests on movable assets.
Fact Station
….Contd What are the types of property that are generally used as moveable collateral?
Personal property - any property that is not real property (i.e. equipment, goods), Changeable property – some real property in
some places can become personal property (i.e. harvested crops), Intangible property - (i.e. account receivables, deposit
accounts, license rights, intellectual property rights), Payment instruments or documents (i.e. promissory note, bill of exchange,
stock certificate, warehouse receipt) and Proceeds – property received by a debtor for the sale or exchange of property subject to
a security interest (i.e. cash received for the sale of equipment that is collateral for a debt).
Why file and search?
The reason for registering a notice of a security interest is to establish a creditor’s rights in a debtor’s collateral. The filing of the
notice will warn prospective creditors (and buyers) of collateral whether there is a pre-existing security interest in the property, and
the holder of that prior notice most likely has priority in the property. If this is the case, then the current prospective creditor (or
buyer) may not obtain priority (or clean title) in the movable property being pledged as collateral (or sold) and may wish to
reconsider their business transaction. Therefore, the reason for searching Filing Office records is to discover whether there is be a
pre-existing security interest in the property of a debtor.
How it is different from Credit Information Bureau?
Credit Information Bureau collects and collates the credit information of the borrowers who borrow from lending institutions against
their immovable assets where as Secured Transaction Registry collects the information of all the lending made in the economy by
the individuals or institutions against their movable assets.
What information is to be provided from the Registry?
The Registry is obligated to provide the following information:
• Whether or not any notice mentioning the name of any particular security giver has been registered by the registry on any
specified date and time,
• Whether or not any notice which has not expired as to all security holders has been registered by the Registry on any
specified date and time,
• The file number of every notice, and the date and time of its filing,
• The name and address of the security giver and the security holder mentioned in every notice,
• Description of the collateral mentioned in every notice or amendment notice, and
• The file number of each document connected with every original notice, the date and time of its filing, and particulars
which help to identify whether the document is an amendment, correction statement, statement of continuity, or
termination statement. References:
• http://www.stro.org.np • http://www.cibnepal.org.np • http://www.tepc.gov.np
Compiled by Mr. Kishore Rijal, NSBL Staff, HoD, Credit Administration, Credit department
Our New Technology Product “Mobile ATM” for Kathmandu Valley and Pokhara Valley.
Mobile ATM
Nepal SBI Bank Limited With Us, You are Always a Winner !
Corporate Office, Hattisar
Kathmandu, Nepal
Tel:01-4435613, 4435516
Fax:01-4435612
Email: corporate @nsbl.com.np
Website: www.nepalsbi.com.np
Your Suggestions, Creative Ideas & Writings are wel come at NBG Department,
email: nsblmktg@nsbl.com.np or at Ph No. 01-4423309.
Quote of the Month
"Opportunities don't happen, you create them."
--Chris Grosser
DISCLAIMER: The information and opinions contained in this publication have been obtained from the sources believed to be reliable. The bank makes no
representation or warranty, express or implied as to its accuracy or completeness and should be relied upon as such. The bank and its employees accept no liability
whatsoever for any direct or consequential loss however arising from this publication or its contents.