The Finance Minister's emphasis on prioritizing the programs and problems of the regulatory bodies
The policy makers have asked the stakeholders to identify the real problems in Nepal's banking sector. Even though the interest rate has dropped a lot, banks and financial institutions are under pressure due to problems such as loan demand not increasing for a long time, bad loans increasing, profit decreasing etc. , also gave instructions to representatives of banks and financial institutions.
Finance Minister Paudel said at the meeting of the high-level financial sector coordination committee held at the Ministry of Finance on Sunday that although the economy is improving, the financial sector has not improved as expected. Therefore, in order to improve the situation in the financial sector, the participants in the meeting emphasized that the real problem of the sector should be identified first.
'It was not known what the real problem of the financial sector is, if the problem is not identified, the steps taken to solve it cannot be effective,' said one of the participants of the meeting. is.' In the
meeting, Finance Minister Paudel said that the programs and problems of the regulatory agencies should be prioritized. He has given instructions to find a solution by prioritizing the existing problems and the actions he wants to do institutionally for the strengthening of the financial sector.
In a meeting with officials and representatives of the National Planning Commission, Nepal Rastra Bank, Cooperative Department, Nepal Insurance Authority, Nepal Securities Board, Nepal Bankers Association, Company Registrar's Office, the Finance Minister said that it will be easier to get results when working on priorities. In the
meeting, topics such as economy, banks, cooperatives, liquidity, credit, insurance, subsidy, capital market were discussed. The participants said that there will be more discussions on economic issues in the meeting, and that when there is an impact on one sector of the economy, it will also have an impact on another sector.
