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Nepal Rastra Bank has formed a three-member working group under the coordination of Revat Bahadur Karki to submit suggestions for the overall improvement and strengthening of the banking sector. Bhuwan Kumar Dahal and Executive Director of Bank and Financial Institutions Regulation Department of Nepal Rastra Bank Guru Prasad Paudel as members of the working group have formed a 'Banking Sector Reform Suggestion Working Group'.
The task force has been given responsibility for a period of one month. Liberal but prudent banking policy regulation, risk-based effective supervision and development of customer-friendly banking services, and the banking sector should play to make economic activities fully operational. The
working group has been given a mandate to take steps to make credit flow effective in rural areas, merger and acquisition of banks and financial institutions and identification and solution of the problems after the said action, the banking sector must play to remove Nepal from the gray list, and central bank's coordinating mandate in capital market development .
