Page 49 - NIBAF-Training Matters July - December 2022
P. 49

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.
   44   45   46   47   48   49   50   51