Company Profile

About BFIN

Banking, Finance and Insurance Institute of Nepal is established under Company Act 2063 on August 14, 2018 (2075 Shrawan 29). The main objectives of this Institute are to offer training, workshop and seminar and enhance the knowledge, skills and capabilities of the employees of financial sector and other stakeholders, conduct research and consulting to strengthen the financial sector, offer specific accredited courses and creating data bank for the use of banking community and help strengthen the financial systems in Nepal.

Promoters

This Institute is promoted by 16 national level institutions represented by commercial banks, development banks, finance companies, micro credit institutions, capital market institutions and the Emerging Nepal Limited.

Following are the promoters of the Company:

Emerging Nepal Ltd NIC Asia Bank Limited Global IME Bank Limited
Prabhu Bank Limited Nepal Investment Bank Ltd. Laxmi Bank Ltd.
Mega Bank Nepal Ltd. Prime Commercial BankLtd. Mahalaxmi Bikash Bank Ltd.
Shine Resunga Development Bank. ICFC Finance Limited Goodwill Finance Limited
SwadeshiLaghubittaBittiyaSanstha Ltd. LaxmiLaghuBittaBittiyaSanstha Ltd. NIC Asia Capital Ltd.
CBIL Capital Ltd.    

Scope of Work

  1. Training/workshop/Seminars
  2. Accreditation and academic courses
  3. Research and Consulting
  4. Data bank establishment and management
  5. CSR and Financial Literacy
  6. Placement services to BFIs
  7. Any Other Capacity Development and Research work related to financial and corporate sector

About Membership

The membership policy shall apply to all the Institutional Members of BFIN. The Board of BFIN shall review the membership policy from time to time.

Eligibility

Institutional Member of BFIN will enable your Organization to be a part of the Financial Community and will have opportunity to join BFIN’s events and training programs at preferential rates.

Government &Regulating Agencies in Nepal, Commercial Banks, Development Banks, Finance Companies, Micro Credit Institutions, Non-Bank Financial Institutions, Insurance Companies, Capital Market Institutions, Credit Rating Agencies, Development Agencies, Associations and other Public & Private Sector Organizations are eligible to apply for Institutional Membership. Applications for Institutional Membership are reviewed and approved by the designated approving authority of BFIN.

Obligation

The Institutional members shall abide by the membership policy as prescribed by the BFIN time to time. The following are the obligations of the institutional members:

  • Offering suggestions, participation and sharing of knowledge & ideas by being proactive and innovative for the development of the Organization and as a whole for the Industry.
  • Commitment to support BFIN by offering ATLEAST20% of budget allocated for training & development of employees or Rs. 30,00,000 (In words: Thirty Lakhs Only), whichever is less inclusive of all the services offered by BFIN.
  • Support BFIN to maintain and improve quality of services through feedback and suggestions.
  • Each Institutional Member will expressly give consent to the BFIN to use the corporate logo on the website of the BFIN.
  • Each Institutional Member shall provide brief profile of their organization and other relevant information to upload on official website of BFIN periodically.
  • Pay annual membership fee on time.
  • If any member fails to pay subscription in arrears for one year and fails to pay such arrears within three months after a notice has been sent to them by the BFIN management, theirname will be removed from the list of institutional members.
  • The designated approving authority of the Institute will have the right to cancel the membership, if in the opinion of the Council, member institution willfully acted in contravention of the Code of Conduct of BFIN.

FEE STRUCTURE

The following annual membership fee shall be applicable to all the Institutional members. Fees and charges are determined by the Board of BFIN from time to time. The annual membership fee is non-refundable and payable at the time of obtaining membership. Institutional members are required to renew their membership annually within the stipulated time.

Nature of Institutions Annual Membership Fee (in Rs.)
Government/Regulating Agencies 3,00,000
Commercial Banks 3,00,000
Development Banks
National Level 2,00,000
Regional Level 1,50,000
District level 1,00,000
Finance Companies
National Level 1,50,000
Regional Level 1,00,000
District level 50,000
Micro Finance Institutions
National Level 1,50,000
Regional Level 1,00,000
District level 50,000
Non-Bank Financial Institutions
Insurance
Life 1,50,000
Non-Life 1,50,000
Capital Market related Institutions 50,000
Cooperatives 50,000
Other Entities
Development Agencies 3,00,000
Public Sector 3,00,000
Private Sector 3,00,000
Associations 1,00,000
Rating Agencies 1,00,000
Fees for others Organizations not covered above will be decided by BFIN’s Board.

Benefits

The main benefits of Institutional Members are classified into 4 different broad categories:

  1. The members will have the opportunity to be “Informed” of recent developments shaping the financial sector nationally and globally.
  2. The members will have the opportunity to be “Connected” with peers, regulators and related national and global stakeholders.
  3. The members will have the opportunity to be “Educated” through trainings, conferences, education, accredited courses, study visits, discussion, etc.
  4. The members will have the opportunity to be “Qualified” through accredited courses offered by BFIN in association with national and international Universities, Colleges and recognized Associations.

To maximize these benefits, members will be entitled to following benefits and services

  • Opportunity to be a speaker/paper presenter to the top officials of member Organization in national and international conferences.
  • 15% to 25% discount on standard training/conference/workshop fee.
  • 25% to 40% discount on advertisement and promotion through BFIN’s website, journal and other publication.
  • 10% to 20% discount on standard price of all priced publications.
  • Opportunity to conduct tailor-made training programs.
  • Complementary e-journal.
  • Complementary circulation of cutting-out of news relating to financial sector from leading paper newspapers.
  • Opportunity to attend complementary “Annual Members Meet”.
  • Membership Certificate.
  • Listing of institutional members along with address in BFIN’s website.
  • Priority on registration in BFIN's key events.
  • Regular updates on news and information to institutional members through electronic media.
  • Intern and Job Placement services.
  • Opportunity to showcase members’ opinion.
  • And other benefits & services announced by BFIN time to time.

The benefits listed above are subject to review from time to time and the members will be informed via established communication channels on account of any changes thereon.

Membership Register

The BFIN will maintain and update at its official website regularly for visibility to the national and global community.

Application Form

Interested Organizations are requested to fill-up the attached membership form and submit to the following address along with the prescribed annual membership fee. The membership form can also be downloaded from the official website of BFIN.

The annual membership fee either can be submitted to office of BFIN by account payee cheque or deposited directly on the following Bank Account:

Contact Details

For any inquiries, please contact at the following address

Banking Finance and Insurance Institute of Nepal Ltd. (BFIN)

2nd Floor, Krishna Tower, New Baneshwor, Kathmandu

Phone:+977-1-4787401/2/3

Email: info@bfin.com.np

Website: www.bfin.com.np