Deputy Governor and NBA President Call for Strategic Reforms to Revive Nepal's Economy
Summary
Nepal Rastra Bank Deputy Governor Kiran Pandit and Nepal Bankers' Association President Santosh Koirala emphasize the need for coordinated monetary policies and banking reforms to revive Nepal's economy amid financial challenges.
Key Points
- Nepal Rastra Bank Deputy Governor Kiran Pandit stresses balancing economic growth with financial system stability in the upcoming monetary policy.
- Nepal Bankers' Association President Santosh Koirala calls for relaxing strict rules on classifying bad loans and non-banking assets to aid banks.
- Banks face profit pressures due to economic slowdown and require policy flexibility to stimulate business activity.
- Koirala suggests banks use internal redemption reserves to reward shareholders and focus on branch mergers and digital cost cuts instead of physical expansion.
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