As we all know that in line with the latest development in banking industry Nepal Rastra Bank has been more stringent regarding the norms and regulation. Enhancing the knowledge of banking professional of such rules and regulation is quite essential to every bank and financial institution.This ensures high level of corporate governance and reputation in the market, to avoid adverse comments from the regulators and even to avoid penalties in case of serious breaches of the regulations. These directives are most important for credit department and revisions/amendments in these directives are made annually. The personnel working in credit department needs to be well known with the intrinsic spirit of each and every paragraphs of the updated directives. In depth knowledge of these directives shall make daily working easy, effective and help to avoid the loss that arises from non-compliance of these directives.