StanChart launches risk management toolkit

KATHMANDU: In order to support microfinance activities in Nepal and strengthen existing relationship with the relevant stakeholders, Standard Chartered Bank, in collaboration with Rural Microfinance Development Center (RMDC), has launched Risk Management Toolkit for microfinance institutions (MFIs).



According to a press statement, Yuba Raj Khatiwada, Governor of Nepal Rastra Bank, launched the toolkit amid a program on Thursday. The toolkit covers the details of credit, operational, financial and strategic risk management and comprises ´ready to use´ training materials.



Speaking on the occasion, Joseph Silvanus, CEO of Standard Chartered Bank Nepal, emphasized the importance of the toolkit and the reasons for the bank to support such activity. He further added that the bank will continue to migrate international best practices for the benefit of the industry in Nepal.

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