Nepal Rastra Bank Fails to Meet Monetary Policy Targets
Summary
Nepal Rastra Bank's annual review reveals non-completion of 24 key monetary policy targets including institutional reforms and digital banking initiatives for fiscal year 2082/83.
Key Points
- Nepal Rastra Bank failed to meet 24 of its monetary policy targets set for fiscal year 2082/83.
- Tasks pending include establishing an Asset Management Company and amending regulations for prompt corrective action.
- Studies and draft reports are underway for digital banking expansion, including Neo Banks and real-time interbank transaction monitoring.
- Loan and customer protection policies like cheque bounce blacklisting and microfinance loan criteria remain under review.
