If commercial banks
ever face survival threats
or management inefficiency,
it will primarily be due to
poor corporate governance.
As number of banks and
financial institutions
is increasing, the market,
on the contrary, is facing
more difficulties. The
bankers, in such a bottle
neck competition, urge the
state to create more
investment opportunities in
the areas where financial
institutions can prosper.
“Strong and healthy banking
sector will definitely help
boost national economy,”
comments Sashin Joshi, chief
executive officer (CEO) of
Nepal Industrial and
Commercial (NIC) Bank Ltd in
an exclusive interview with
The Himalayan Times. Despite
limited market,
NIC Bank has
been powerfully driving its
operations and transactions utilising the available
resources to their maximum.
“NIC is the only commercial
bank to be ISO 9001:2000
certified for its quality
management system by United
Registrar of Systems (URS),
UK under United Kingdom
Accreditation Service in
2006,” Joshi informs.
However, the quality
certification is valid only
for a period of one year as
URS audits the bank’s
progress and activities on
yearly basis. “Some of the
key factors in boosting NIC
bank’s performance are
attributed to outstanding
human resource, innovative
approach, understanding of
the market dynamics and
unwavering adherence to best
practice of governance,”
thinks Joshi. “If NIC bank
operates like it is being
operated today, it will soon
register a record outcome,
keeping investors and
customers happy,” says the
confident banker. “It will
emerge as a model bank.”
Joshi no doubt holds a
strong leadership quality
that has driven the bank to
a sound financial position.
“The business sector is
currently on ‘a wait and
watch’ mood as there is no
clear indication from the
government on various issues
like investors’ security and
property rights,” comments
Joshi. However, he seems
optimistic in a changed
environment. According to
him, “government has to
clarify its vision on
economic policy so that
business could
survive and expand.”
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