Search results
10 sie 2024 · Here is a list of short forms (abbreviations) along with their long forms used in Nepal: Download the pdf file. PAN – Permanent Account Number. VAT – Value Added Tax. IRD – Inland Revenue Department. NRB – Nepal Rastra Bank. ROC – Registrar of Companies. NSC – Nepal Stock Exchange. TDS – Tax Deducted at Source.
10 maj 2023 · EOD Full Form in Banking stands for the event of default (EOD), which is a situation that enables a borrower to claim full repayment of an outstanding sum before it is payable. The creditor will frequently incorporate a clause in the contract concerning events of default to safeguard them via agreements.
23 cze 2021 · Nepal Rastra Bank (NRB) released its “Nepal Rastra Bank Information Technology Guidelines” in August, 2012. The core objectives of these guidelines are to promote sound and robust technology risk management and to strengthen system security, reliability, availability and business continuity in commercial banks of Nepal.
Financial access is a pre-conditional infrastructure for effective financial inclusion. Financial access allows individuals and businesses to save for future, obtain credit for expanding economic activities, make payments and insure against risks and uncertainties.
Financial Intelligence Unit (FIU-Nepal) has been working as a central focal point of Nepal’s Anti-Money Laundering (AML) regime to combat Money Laundering (ML), Terrorism Financing (TF) and Proliferation Financing (PF).
So abbreviations are used in banking sector in order to save time and is also used for easiness. For example: it is easy to say ECC instead of Electronic Cheque Clearing, and ATM instead of Automated Teller Machine.
As a central bank, the NRB has been empowered by statutory act to have direct control on the banks and financial institutions within the country. The payment and settlement system (PSS) linking banks and financial institutions is a major component and plays an important role in the economy.
