Confederation of Banks and Financial Institutions Nepal Chairman Rajesh Upadhyay Urges Protection of Banking Sector
Summary
CBFIN Chairman Rajesh Upadhyay has urged the government and regulators to protect Nepal’s banking sector, warning that trust, policy stability and investor confidence are essential for economic recovery. He called for practical reforms, faster action on bad assets, and relief for borrowers hit by floods and landslides.
Key Points
- Rajesh Upadhyay said Nepal’s banking sector is under pressure from recession, weak investment sentiment and control-oriented government decisions.
- He urged Nepal Rastra Bank and policymakers to treat the financial system with caution and preserve depositor trust.
- CBFIN called for practical reforms to banking rules, removal of extra tax burdens on loan loss provisions, and fast establishment of the Asset Management Company.
- Upadhyay said borrowers affected by floods and landslides may need loan restructuring, while depositor funds remain fully safe.
