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<p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">He also stressed on the need to change the base of the management to bring newness in the banking sector. </span></p>
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September 23: Tamal Bandopadhya, strategic advisor to Bandhan Bank Limited of India, has suggested the banking sector of Nepal to be bold enough to use the latest technologies to provide financial service to the customers as per their need.
Speaking at a panel discussion on the topic 'Banking Strategies and Disruptions’ during the NewBiz Business Conclave and Award 2018 held at Hotel Soaltee Crowne Plaza on Friday, September 21, Bandopadhya drew the attention of the participants towards the use of artificial intelligence by banks and suggested the Nepalese BFIs not to hesitate from adopting such technology.
He pointed out that the use of Fin Tech like robots and drones have played an important role in accelerating the work performance of BFIs. He argued that it has become imperative to adopt artificial intelligence and robots to transform the traditional banking practice into technology-friendly system as per the current need of the customers.
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'summary' => 'September 23: Tamal Bandopadhya, strategic advisor to Bandhan Bank Limited of India, has suggested the banking sector of Nepal to be bold enough to use the latest technologies to provide financial service to the customers as per their need.',
'content' => '<p style="margin-left:0in; margin-right:0in"><span style="font-family:helvetica,sans-serif; font-size:10.5pt">September 23: Tamal Bandopadhya, strategic advisor to Bandhan Bank Limited of India, has suggested the banking sector of Nepal to be bold enough to use the latest technologies to provide financial service to the customers as per their need.</span></p>
<p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">Speaking at a panel discussion on the topic 'Banking Strategies and Disruptions</span>’ <span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">during the NewBiz Business Conclave and Award 2018 held at Hotel Soaltee Crowne Plaza on Friday, September 21, Bandopadhya drew the attention of the participants towards the use of artificial intelligence by banks and suggested the Nepalese BFIs not to hesitate from adopting such technology. </span></p>
<p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">He pointed out that the use of Fin Tech like robots and drones have played an important role in accelerating the work performance of BFIs. He argued that it has become imperative to adopt artificial intelligence and robots to transform the traditional banking practice into technology-friendly system as per the current need of the customers.</span></p>
<p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">He also stressed on the need to change the base of the management to bring newness in the banking sector. </span></p>
<p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">“If proper attention is not given to risk reduction, loan assessment and institutional good governance, this can lead to serious problems,” he said.</span></p>
<p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">He also praised the Nepali banks for maintaining a proper balance to check bad loans as compared to Indian banks.</span></p>
<p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">“After the global economic crisis of 2008, the Reserve Bank of India (RBI) made loan easily accessible by lowering the policy rate than the savings interest rate,” he said, adding, “This led to the increased instances of bad loans. As a result, the RBI has had to adopt strict measures of late.” </span></p>
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<p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">Speaking at a panel discussion on the topic 'Banking Strategies and Disruptions</span>’ <span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">during the NewBiz Business Conclave and Award 2018 held at Hotel Soaltee Crowne Plaza on Friday, September 21, Bandopadhya drew the attention of the participants towards the use of artificial intelligence by banks and suggested the Nepalese BFIs not to hesitate from adopting such technology. </span></p>
<p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">He pointed out that the use of Fin Tech like robots and drones have played an important role in accelerating the work performance of BFIs. He argued that it has become imperative to adopt artificial intelligence and robots to transform the traditional banking practice into technology-friendly system as per the current need of the customers.</span></p>
<p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">He also stressed on the need to change the base of the management to bring newness in the banking sector. </span></p>
<p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">“If proper attention is not given to risk reduction, loan assessment and institutional good governance, this can lead to serious problems,” he said.</span></p>
<p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">He also praised the Nepali banks for maintaining a proper balance to check bad loans as compared to Indian banks.</span></p>
<p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">“After the global economic crisis of 2008, the Reserve Bank of India (RBI) made loan easily accessible by lowering the policy rate than the savings interest rate,” he said, adding, “This led to the increased instances of bad loans. As a result, the RBI has had to adopt strict measures of late.” </span></p>
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