Purbanchal University, CBFIN sign agreement to develop course on banking and finance

KATHMANDU: Purbanchal University has signed an agreement with the Confederation of Commercial Banks and Financial Institutions Nepal (CBFIN) to develop and implement the best curriculum for the production of skilled and competitive human capital. The agreement has been reached between the university and the umbrella organisation of commercial banks, development banks, and finance companies, taking into consideration the current needs in the banking sector of Nepal, the overall situation of human capital available in the market, and students' attraction towards the banking sector. CBFIN President Pawan Kumar Golyan and Purbanchal University Vice Chancellor Prof Dr Yadav Raj Koirala signed the agreement in this regard. According to a joint press statement issued by the university and the organisation of banks, the main objective of the agreement is to internationalise the trust and reputation gained by Nepal's banking sector. The international level curriculum to be created for the production and development of skilled and capable human capital is expected to create appropriate study/teaching opportunities, mobilisation and utilisation of human capital within the country by connecting education with skills, labour and production. The course will include various topics including Credit Risk, Asset Management, Liquidity and Risk Assessment, Liquidity and Risk Management, Financial Instrument Development, Financial Engineering, Digital/Cryptocurrency, Financial Modeling, Financial Stability, Financial Inclusion, Digital Finance, Shadow Banking, Startup Business, Entrepreneurship, and assignments to be performed practically after entering the banking sector. The practical knowledge gained in foreign exchange policy, foreign exchange management/foreign exchange rate and its impact on foreign exchange policy, payment system development, payment instruments, payment system infrastructure, electronic payment system, e-banking - digital banking, interest rate, deposit, credit, capital market development are expected to develop agility and completeness in the performance. Likewise, knowledge gained in subjects such as capital market instruments and infrastructure will provide significant support in the sustainable development of the banking sector including risk management in the current and future banking sector, the statement read. In the initial stage, the course will be implemented at the post-graduate level. Moreover, the university aims to develop more courses in order to implement them gradually from the lower level. Meanwhile, a task force comprising subject experts will be formed for the development of the curriculum while the discussion and consultation with the concerned parties will be held immediately. Speaking at the signing ceremony, CBFIN President Golyan opined that implementation of the agreement would fulfil the needs of the banking market, help attract foreign students for education, and develop educational tourism in Nepal. This will also prevent a large number of young manpower and funds from going abroad for quality education, Golyan added. On the occasion, Purbanchal University Vice Chancellor Koirala said that the curriculum to be developed will be implemented at Purbanchal University. He expressed his hope that the course will contribute to the production of capable human resources who can compete globally as well as provide knowledge on practical subjects in the banking sector. He informed that the existing curriculum will also be modified according to time. CBFIN representatives present at the ceremony included Secretary Kush Prasad Mally, Executive members duo Upendra Prasad Poudel and Mahendra Kumar Goyal, Director General Gopal Prasad Tiwari. Likewise, Purbanchal University Registrar Nilmani Pokharel, Dean Biju Kumar Thapaliya, Director (M Phil/PhD programme) Uttam Kumar Regmi, Subject Committee President Prof Dr Saday Hamal and Senior Officer Binay Bhattarai were present at the ceremony held at CBFIN office, in Sundhara, Kathmandu. READ ALSO:

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