Page 49 - NIBAF-Training Matters July - December 2022

Induction Training Series
for Karakoram
Cooperative Bank Ltd.

NIBAF conducted two back to back
customized iterations for the new
newly inducted operations officers
of Karakoram Cooperative Bank
Limited (KCBL) from October 3-4,
2022 and October 6-7, 2022 at
Gilgit. Fifty participants from KCBL
participated in these sessions
conducted by Mr. Shahid Iqbal, Khan who is an experienced
who took the participants through Branch Banking banker and professional trainer. Mr.
the various aspects and best Operations Ejaz covered relevant topics from
practices in the areas relating to the Negotiable Instruments Act,
functions & skills required for a NIBAF conducted two face-to-face Banking Companies Ordinance,
banking operations officer. iterations of the program in Kotli Contract Act, Companies Act, and
Extensive discussions were held on and Rawalakot, AJK from other laws relating to banking.
critical aspects of general branch November 22-23, 2022 and Moreover, the processes of
banking operations, compliance November 24-25,2022 respectively Account opening, Cheque
requirements and legal intricacies for commercial banks which were Handling & Clearing process
associated with different banking attended by a number of (NIFT), Remittances, Branch
transactions. participants from the bank Profitability Enhancement,
branches operating in the Currency Management, Counterfeit
Currency Management respective areas. The sessions Detection, Customer Due
Strategy & Penalty were conducted by Mr. Ejaz Ali Diligence, and ML/TF prevention
Structure Guidelines

NIBAF conducted three iterations
of the program: the first in the series
was conducted online on October
13, 2033 and attended by 30
participants from SBP, SBP-BSC &
Commercial Banks. This was
followed by two face-to-face
iterations in Kotli and
Rawalakot,AJK on November 21,
2022 & November 23, 2022
respectively. Branch Operations
Managers and officers from Cash
Management units of different
financial institutions having local
market presence attended the
training in their respective areas.
The sessions were conducted by
Ms. Rizwana Hayat, Assistant Chief
Manager, Currency Management
Unit, SBP BSC Islamabad.
Participants appreciated efforts of
NIBAF to extend learning
opportunities to remote locations
and requested continuation of such
initiatives.