Assets Of Commercial Bank In Nepal Analysis

Assets Of Commercial Bank In Nepal Analysis The aim of this project is to assess the level of non-performing assets and its repercussions in overall financial stability of commercial bank in Nepal through the comparison between proper Nepali bank and the joint venture bank. The specific objectives are : To determine the extent to which commercial banks face potential financial instability because of non-performing assets. To identify the mechanisms by which commercial banks control non-performing assets. To identify successful and unsuccessful measures in relation to recover and mobilization of non-performing assets of commercial bank. To find out Whether or not Nepalese Commercial Banks are following rules and regulations of NRB (Nepal Rastra Bank) regarding their lending, especially to maintain the provision for NPA? To enumerate and examine the level of NPA to total assets, total lending and total deposit of these two commercial banks. To identify the internal and external factors affecting on the growth of NPA? To identify the effects of Non-Performing Assets on ROA and ROE of these two commercial banks. To identify which bank has high level of non- performing assets To make recommendations as to how commercial banks might improve their efforts in relation to minimization of non-performing assets. These objectives will be achieved by addressing the following research questions: Which bank, proper nepali bank or joint venture bank, is actively seeking to minimize risks of non-performing assets? When did non-performing assets start showing impacts in the bank? What resources do the banks devote to control non-performing assets? Who decides on this resource allocation? How do banks seek to control non-performing assets? Is non-performing asset increasing amongst banks? What is the degree of increment of non-performing asset in proper Nepali commercial bank and joint venture bank? What percentage of total assets and total lending is occupying by NPAs of Nepalese commercial banks? How does non-performing assets effects on return on total assets (ROA) and shareholders equity (ROE)? What are major internal factors, external factors and other main causes to growth of NPA? To compare the percentage of non-performing assets of these commercial banks in different time period. Which measure (or measures) in particular has been effective in curbing non-performing assets of commercial banks? What factors contribute to a successful management of non-performing assets? Are increased non-performing assets retaining provisions considered to be good news for all banks or only for particular banks? Do the valuation implications of non-performing assets vary across banks? The Context and Background of the Proposal: The proposal is to concentrate on two commercial banks of Nepal: Rastriya Banijya Bank (a proper Nepali bank) and Everest Bank Limited (a joint venture bank); RBB and EBL respectively in acronyms. These are the two main banks operating in the banking industry in the expanding economy of Nepal. Rastriya Banijya Bank (RBB) is fully government owned, and the largest commercial bank in Nepal. RBB was established on January 23, 1966 (2022 Magh 10 BS) under the RBB Act. Now, the bank is running under bank and financial institute act 2063. RBB has been contributing to socio-economic development of the country for the last four and half decades. The Bank has currently entered into 46 years of service. RBB provides various banking services to a wide range of customers;  they include elite to poor individuals, institutional customers, and the customers  from industry / business communities. RBB has many correspondent arrangements with major international banks all over the world that facilitate trade finance, bank-originated personal funds transfers and interbank funds transfer. The bank has played crucial role for the development of financial sector i.e. bank, insurance companies through its promoters role. As a second commercial bank of the country, the bank has been contribut ing in the trade, industry and agricultural sector of the country. The bank has also contributed in the hydropower sector. Health and Education sector are also benefitted through its disbursement. As a government owned bank the bank is also contributing towards achieving national goals as per the government directives. The bank has made significant contribution in the development of private sector either by loan disbursement or  by active participation in the fairs organized by industrial and business communities. A leading commercial bank of Nepal established in the year 1994 in joint venture with Punjab National Bank, India, Everest Bank Limited (EBL) started its operation with a view and objective of extending professionalized and efficient banking services to various segments of the society. Punjab National Bank (PNB), EBLs joint venture partner (holding 20% equity in the bank) is the largest nationalized bank in India. With its presence virtually in all the important centres at Nepal, EBL offers a wide variety of banking services which include corporate and personal banking, industrial finance, agricultural finance, financing of trade and international banking. The large presence and vast resource base have helped the Bank to build strong links with trade and industry. These two banks make for an interesting comparison since they are both leading commercial banks with large number of clients, covering a diverse range of commercial sectors. They both share the bad news associated with increased provisions, preempted by loan default and increases in non-performing loans. The bad news in loan loss provisions is most likely to occur when fourth quarter audits correct under-provisioning relative to increases in non-performing loans during the first three quarters of the fiscal year which found the common victim in RBB and EBL. In contrast to EBL, the bad news stems from management exercising power over loan-loss provisions and their engagement in protection of larger numbers of defaulters in RBB. The disclosure of RBB as having more potential threats of increase in non-performing assets to EBL is hugely credited to the flexibility for efficient contracting provisions. At the time when economic activities are growing rapidly throughout the country, it is most uphill task for the banks to manage and curb non-performing assets. Moreover, political instability has resulted in more cases of commercial loans defaulting. Interestingly, consumer loans are hardly non-performing given to the rise of middleclass and service industry. But this trend differs in both EBL and RBB. This study purposes to underscore the importance of management of non-performing assets of RBB and EBL while comparing the provisions and their outcome in banking sector. Preliminary Literature Review Investment theory defines non-performing asset as â€Å"a debt obligation where the borrower has not  paid  any  previously agreed upon  interest and principal repayments to the designated lender for an extended period of time. The non-performing asset is therefore not yielding any income to the lender in the form of principal and interest payments. Non-performing asset has become the major problem in investment banking since the inception of banking service itself. Literature devoted to the cause and effect of non-performing assets of banks concentrates mainly over the consequence and overall impact on the systematic wellbeing of bank due to the rise of non-performing assets. In the article â€Å"Differential Valuation Implications of Loan Loss Provisions across Banks and Fiscal Quarters Chi-Chun Liu(1997) concentrates over the impact of loan loss provisions in market: â€Å"Prior research finds that, on average, the market reacts positively to loan loss provisions conditional on less discretionary information about loan default, such as non-performing loans and loan write-offs (133). Lius finding holds across different model specifications and study periods, despite radical changes in the banking industry over time. Liu finds that loan loss provisions are good news only for banks with loan portfolios that contain a high proportion of loans for which loss provisions require judgment and discretion on a loan-by-loan basis (e.g., commercial loa ns) rather than using statistical methods (e.g., consumer loans). A substantial body of research sought to confirm managements role regarding loan default. James M. Wahlens(1994) study in â€Å"The Nature of Information in Commercial Bank Loan Loss Disclosures suggests that loan loss provisions are to be â€Å"maintained at levels considered adequate to reflect managements expectations of future losses because â€Å"managers have private information regarding default risks inherent in the loan portfolio (455). Wahlen finds that managers judgment is necessary in estimating the loan loss provision each period. Wahlen further contends, â€Å"It is prohibitively costly for investors and monitors to obtain all of managements information about the loan portfolio each period . . . [Thus] bank managers can exercise discretion over the timing of provisions for certain loan losses (456). Wahlen examines the relations between unexpected loan loss provisions and both stock returns and changes in future cash flows, and the role of managers in handling non-p erforming assets, in his study. Similarly, Iftekhar Hasan and Stephen D. Smith (1997) have argued that traditional view in profitability of banking institutions does not comprehend recently developing market trends. The duo has empirically investigated the alternative hypothesis using overall profit measures: â€Å"the negative price-concentration relationship does not hold over the entire range of observed market concentration (47). They have focused on the impact of concentration and efficiency measures using price data for individual products and services. Jackson (1992) suggests that any generalization of such statements since price-concentration measures may vary substantially across time periods. Recently, in a comprehensive study, Berger and Hannan (1993) found more support for the structure-conduct-performance hypothesis than for the relative-market-power and/or efficient structure hypothesis. While concentrating over the role of banking sector in fetching the great depression of 1930s in America, Adam B. Ashcraft(2005) analyses the implication of non-performing assets in overall macroeconomic scenario in the article â€Å"Are Banks Really Special? New Evidence from the FDIC-Induced Failure of Healthy Banks. Ashcraft contends that severe contraction in banks results from uncontrolled lending. He writes: While there is some disagreement in the literature over the precise mechanism through which failure affects real activity it is hard to walk away without the conclusion that bank failures played an important macroeconomic role in the severity of the economic downturn. What are the possible mechanisms? The most direct effect is through the loss of real wealth by uninsured depositors and other creditors. Even in the absence of a wealth effect, however, the creditors of a failed bank lose liquidity while they wait for assets to be liquidated, which in turn affects real spending in the presence of borrowing constraints. (1712) Ashcraft observes that when a bank fails, some long-standing relationships with its customers are disrupted, if not destroyed. If customers are unable to replace these relationships with other lenders on equal terms, this contraction in the supply of bank credit has an effect on real activity. And finally, there is the threat of contagion, where the failure of one institution prompts a run on other banks, spreading the effect of failure throughout the economy. Literature related to non-performing assets and the Indian experience provides the glimpse of Asian economy and challenges of banking industry. Prashanth K Reddy(2002) makes a comparative study of Asian banking industry in â€Å"A comparative study of Non Performing Assets in India in the Global context similarities and dissimilarities, remedial measures. Reddy stresses the importance of a sound understanding of the macro economic variables and systemic issues pertaining to banks and the economy for solving the NPA problem along with the criticality of a strong legal framework and legislative framework. Reddy contends: Concerns have been raised about their relevance to India. A significant percentage of the NPAs of the PSBs are in the priority sector. Loans in rural areas are difficult to collect and banks by virtue of their sheer reach are better placed to recover these loans. Lok Adalats and Debt Recovery Tribunals are other effective mechanism to handle this task. ARCs should focus on the larger borrowers. Further, there is a need for private sector and foreign participation in the ARC. Private parties will look to active resolution of the problem and not merely regard it as a book transaction. Moving NPAs to an ARC doesnt get rid of the problem. Actions and measures have to be taken to build investor confidence. (12) Reddy stresses on the need to analyze foreign experiences that must be utilized along with a clear understanding of the local conditions to create a tailor made solution which is transparent and fair to all stakeholders. Reducing systemic risk potential that the non-performing assets create in banks is probably the strongest economic rationale for supervision of any economic system. In that context all over the world capital adequacy has become a core instrument of effective supervision of banking system. But the lack of research in Nepali commercial banking sectors has further prompted to economic instability. This research proposes to study the variables behind non-performing assets and its implication in commercial banking through the comparison between EBL and RBB. Consequently, the researcher hopes in treading into new avenue of research and its make recommendations for the reform process to be initiated in the Nepali banking industry as apart of the liberalisation of the economy in general and the financial stability in particular. Methodology / Sources of Data Researching NPAs of commercial banks is a sensitive topic. Several parties contribute to the â€Å"dynamics of the situation. These parties are: Bank employees and their representative from portfolios of credit (loan) department. Perspective clients of consumer loan and commercial loan investment from EBL and RBB Post-graduate students of finance and investment from various universities Law professionals handling the cases of NPAs. Journalists active in featuring economic beat across different prominent newspapers and magazines. A comprehensive investigation of this topics should attempt to collect data from each of these parties. It is proposed that the following methods of data collection be deployed: A content analysis of literature produced by these commercial banks, particularly their investment literature. Much of this literature is prepared for public consumption and hence will be readily available. Interviews with a representative sample from each of the parties identified above. Resource constraints do not allow for national coverage, hence these interviews will be conducted in one region of the country, which will be selected on the basis of convenience for the researcher. This could well limit the generalisations that can be made from the data. The researcher will â€Å"pose as a prospective client and will write a letter to each banks requesting guidance for loans. This raises ethical issues since a certain amount of â€Å"deception is involved. However, it is felt that it is a legitimate approach and doesnt cause personal harm to any party. The researcher will dispatch questionnaire selecting and identifying representative information provider from each party who in turn will provide with necessary information for the research. Anticipated Outcomes This work is essentially a comparative analysis since the issuance of loans and the state of recovery of two commercial banks are being compared. For the comparison to be meaningful and objective it is essential that a standard framework be adopted. It is proposed to structure the data collection and also the comparison and analysis using a distribution framework of: Public Sector Units Large Industries Medium Industries Other non priority Sectors Agriculture Small scale industries Other Priority sectors Hence in simple terms the results of the project could be presented in the following dummy table: Borrowing Segment-wise NPA Gross NPA RBB EBL Amount Percentage of Total NPA Amount Percentage of Total NPA Public Sector Units Large Industries Medium Industries Other non priority Sectors Agriculture Small scale industry Other Priority sectors It is envisaged that this will provide a degree of originality because the application of a distribution framework to an investment relations issue is novel. On the basis of the comparison of the activities of the two banks some recommendations can be made regarding the relative success of investment initiatives in this context.

Little Mermaid

This is the story of a little mermaid named Ariel, who dreams of going above the sea. When her father, King Triton, forbids her to go above the sea, she visits Queen Ursula who her father had banished. Even though she helps her get to get above the sea, what Ariel doesn't know is that Ursula has plans to destroy her to get revenge on her father. Ariel uses her voice to get the prince attention. In this paper I will use theories to summarize Little Mermaid movie.I believe Ariel is at stage 6 of Erickson`s theory because she is now at the age where she think she know what love is. Her father forbid her to go above the sea but the love she had for the prince caused he to defy what her father instructed. Ariel was determined and will not let nothing stop her. She went into a stage of isolation everything she did or thought about was revolved around getting married to the prince. She had other sisters and a father but whenever it was time for the other mermaids to sing or put on an show, little Ariel was no where to be found.When her Father learned of her defying his word, he was angry. Ariel took matters in her own hand, by consulting with the wicked Queen alone. Yes granted the wicked Queen Ursula made Ariel human, but at what cost? The cost was her voice (operant conditioning). Not really understanding how she would get the prince to know her because she was unable to talk, Ariel used her looks to entice the prince. She was like some typical teenagers today.Ariel's father wanted to reinforce a positive behavior (not allowing her to go above the sea, for her safety), but Ariel acted out in a negative way (she went above the sea anyway). Ariel performed a voluntary action to get something she wanted (operant behavior). Growing up as the youngest of her other five sisters, Ariel felt a sense of inferiority to her older sister. They were all able to go above the sea but she was not because of her age (industry vs inferiority, Erikson's Psychosocial Stages of Developm ent).The feeling of inferiority that Ariel felt was so strong, that she felt the need to go above the see everyday. In Piaget's theory which states as a person goes through life Ariel was so determined to become a human that she imitated and idiolized what humans did. Each time she woud visit above the sea she would come back with a keepsake that humans used(comb, fork, and even the statue that fell off the prince's boat during a storm one particular day. This type of behavior

William Wordsworth Father Of British Romanticism - Free Essay Example

Sample details Pages: 4 Words: 1197 Downloads: 6 Date added: 2019/06/24 Category Art Essay Level High school Tags: Romanticism Essay Did you like this example? William Wordsworth, the â€Å"father† of British Romanticism, has been called a poet of spiritual and epistemological speculation in addition to being concerned with the human relationship to nature (Brodsky). Before embarking in the art of poetry, Wordsworth started and lived his early life very close to his family. He attended Hawkshead Grammar School, where it is believed that he began to practice poetry. Don’t waste time! Our writers will create an original "William Wordsworth: Father Of British Romanticism" essay for you Create order However, at the age of eight, his mother passed away. Soon after, his father passed too, leaving him an orphan along with his other four siblings. This was the source of inspiration dealing with much of his later work regarding religion and childlike innocence. After his primary schooling, Wordsworth attended St. John’s College in Cambridge. In his last semester of school, he travelled throughout Europe during the era of the French Revolution. His experience in college and on his adventures greatly influenced his poetry dealing with political sensibility and the â€Å"Common Man. His earliest poetry was published in 1793 in â€Å"An Evening Walk and Descriptive Sketches. This was a solo project. Soon after, he wrote â€Å"Lyrical Ballads† in 1795 with Samuel Taylor Coleridge’s aid. These poems became some of the most influential in Western Literature (Poets). In turn, Coleridge and Wordsworth were said to be the creators of British Romantic poetry. British Romanticism was an era of literature that lasted from 1800-1850. It started during rebellions and violence throughout Europe, so while focused on nature, most poets believed they were chosen to â€Å"guide† others through the changes and turmoil. As a way to incite hope, poets believed something existed beyond the physical world. They used this to write about supernatural energy and beauty. The poet also believed they were only at â€Å"peace in nature† (the British Library). Specifically, William Wordsworth believed poetry should be democratic, and he advocated for the common man. For this reason, he tried to give a voice to those who tended to be marginalized and oppressed by society. This included the poor, discharged soldiers, widowed women, the â€Å"insane, and children (The British Library). However, as he grew older, he became more conservative in his outlook. Because of this, he was ridiculed for â€Å"selling out† to the Establishment during the revolutions. This led him to begin writing more about the spirituality of nature rather than politics. Some of Wordsworth’s most popular poems have dealt with the politics and revolutions occurring during the peak years of British Romanticism. In his poem titled â€Å"London, 1802†, Wordsworth explored the loss of English morals and tradition. Throughout the poem he used an apostrophe by the name of â€Å"Milton†, and he explained that he believed the deceased â€Å"Milton† can give the lost foundation back to England through his writing. His lines of â€Å"Milton! Thou should be living at this hour: / England hath need of thee: she is a fen / Of stagnant waters: altar, sword, and pen† (Wordsworth) utilize an apostrophe, while describing the predicament England is in. Through these lines, he explains that England needs Milton as â€Å"she† has different altars (religion), sword (military), and pen (art) then when Milton was there assisting the arts, and Wordsworth believed that the time Milton was on Earth was better. Through his symbols of a ltars, swords, and pens, Wordsworth conveyed that he thought that England had lost their tradition and values during the European revolutions and that Milton could help. Additionally, Wordsworth wrote the political piece titled â€Å"Character of the Happy Warrior†, written in the trochaic tetrameter, that explored the characteristics of a good, English, common man. Wordsworth describes men of power and explores the theme, how strong leaders can repair a broken society, through his use of symbolism and spiritual rhetoric. He questions who the â€Å"Happy Warrior† is, continuing on to answer his own question throughout his work. He says that the â€Å"Happy Warrior† has â€Å"high endeavours of an inward light / That makes the path before him always bright† (Wordsworth). Along with this, he describes them as men that â€Å"rise to the station of command / On honorable terms† (Wordsworth) and men that â€Å"do not stoop, nor lie in wait / For wealth, or honours, or for wordly state† (Wordsworths). These lines describe the ideal character of a strong, powerful, representative English man, specifically a politic ian, that would give his nation honor. His poems not only call on the morals of his country and ask if they are there, but they also help out the marginalized groups of England. The effects of the French and the Industrial Revolution on the common people was prevalent in Wordsworth’s writing, and he was keen on portraying lives of common people, including children, making it realistic and representative of of authentic contemporary society (Choudhury). However, it can be argued that some of Wordsworth’s most vital poems deal with his use of political positions, like ones advocating for the respect of oppressed children alongside his use of nature and spiritual beauty to portray marginalized groups in a new light. For example, Wordsworth writes about children in â€Å"Ode: Intimations of Immortality†. It is argued that this poem is about â€Å"the natural insight and purity of the child† before he/she ages (Eager). There is simplicity to the rhetoric, almost childlike, that is essential to showing that the poem is about children while using themes derived from nature and spirit. However, as the poem goes on, the writing gets stronger and Wordsworth questions what happens to the innocence and dreamlike quality children have in the lines stating â€Å"Whither is fled the visionary gleam? / Where is it now, the glory and the dream?† (Wordsworth). He argued that this diminishes as we age and the children abandon God as they age in the lines that say â€Å"Our birth is but a sleep and a forgetting: / The Soul that rises with us, our life’s Star / Hath elsewhere had its setting, / And cometh from afar: / Not in entire forgetfulness, / And not in utter nakedness, / But trailing clouds of glory do we come / From God, who is our home† (Wordsworth). He also states that â€Å"There was a time when meadow, grove, and stream, / The earth and every common sight, / To me did seem / Appar eled in celestial light, / The glory and freshness of a dream. / It is not now as it hath been of yore;— / Turn wheresoe’er I may, / By night or day, / The things which I have seen I now can see no more.† (Wordsworth). In his lines describing the past, Wordsworth is arguing that the children stray further from God because of English values and strict religious policies, not because of their own faults. In this argument, he pleads that this is not the England he knew. Collectively, Wordsworth argued that the only way to regain the true foundational policies of England is to reevaluate the countrys morals at the time. His writing that advocated for marginalized groups and questioned the Establishment using natural and spiritual elements of British Romanticism has been his most impactful, and arguably most important. It truly was used to guide citizens through the turmoil of the constantly changing society, giving off a sense of hope and prosperity if one looks for the â€Å"light† and puts their trust in spirit and natural beauty.

In America, During The 1920S, A Decade Known As The Roaring

In America, during the 1920s, a decade known as The Roaring Twenties, there was a transformation in American prosperity due to the rise of consumer culture and, increasingly, materialism became more prominent in society. Americans, in newfound prosperity, looked to increase their wealth without limitations and consumed itself with leisure culture for self-gratification. As more Americans looked to satisfy their lives through wealth and consumerism, the old ideals of the American dream, of a hope for a better future were destroyed due to an excess of wealth, privilege and a lack of humanity. Previous ideals in American history were hopeless as the wealthy acquired more riches and the poor lagged behind and both classes viewed wealth and†¦show more content†¦Ultimately sacrificing her desire to pursue her relationship with Gatsby, someone with who she had fallen in love, Daisy chose to marry Tom, a wealthy and old-money aristocrat. Clearly still in love with Gatsby, on the nig ht of the wedding, Daisy became â€Å"as drunk as a monkey† with a letter in hand telling Jordan that â€Å"Daisy’s change’ her mine!† (Fitzgerald 81). Yet, Daisy finally prioritizes wealth over love as â€Å"next day... she married Tom Buchanan without so much as a shiver† (Fitzgerald 81). The ultimate goal in the 1920s, according to Daisy, was to marry rich and lead a life full of lavishness and money, instead of pursuing love and in order to succeed in the 1920s, wealth was necessary. Daisy further represents the materialism evident in the 1920s when she is attracted to Gatsby due to the newfound wealth he has. When spotting the collection of shirts he had, she† began to cry stormily† and sobbed â€Å"It makes me sad because I’ve never seen such-such beautiful shirts before† (Fitzgerald 98) expressing her superficial nature. Daisy’s response reveals that â€Å"she shows more emotion for Gatsby’s posses sions than for Gatsby† (Posnock 208). Daisy even symbolizes money through her voice since Daisy’s voice is said to be â€Å"full of money† (Fitzgerald 127). Daisy’s voice symbolizes the reason why everyone like GatsbyShow MoreRelatedAdvancements During The Roaring Twenties Essay527 Words   |  3 Pageshappiness. The 1920’s are often referred to as the â€Å"roaring twenties,† but many histories purpose that this is not a correct interpretation of this time period. America may have not been good for the some of the lower class in this time period, but the 1920’s were fantastic for most of the middle and upper class living in urban cities. 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