Bankers ask govt to resolve liquidity crunch
KATHMANDU, June 2:
Bankers have urged the government to take concrete measures to resolve burning problems in financial system, including the deepening liquidity crunch.
Speaking at an interaction on current economic situation in the country on Wednesday, they asked the government to do the needful in resolving liquidity crunch, easing investment in realty sector, reinvigorating the slowing stock market and creating environment conducive to lure investment of Non-Resident Nepalis.
Office-bearers of Bankers´ Association of Nepal, including its vice-president Rajan Singh Bhandari, also demanded that the government introduce simplified process for merger of banks and financial institutions.
Nepal Rastra Bank (NRB) Governor Dr Yuba Raj Khatiwada said the central bank would continue action against banks and financial institutions involved in fraudulent activities.
Responding to the bankers, Finance Minister Bharatmohan Adhikari said the government would leave no stone unturned in resolving liquidity problem and creating stability in the capital market.
He also said the government would review its policy regarding investment in realty sector and simplify merger of banks and financial institutions.
Source: Republica
Bankers have urged the government to take concrete measures to resolve burning problems in financial system, including the deepening liquidity crunch.
Speaking at an interaction on current economic situation in the country on Wednesday, they asked the government to do the needful in resolving liquidity crunch, easing investment in realty sector, reinvigorating the slowing stock market and creating environment conducive to lure investment of Non-Resident Nepalis.
Office-bearers of Bankers´ Association of Nepal, including its vice-president Rajan Singh Bhandari, also demanded that the government introduce simplified process for merger of banks and financial institutions.
Nepal Rastra Bank (NRB) Governor Dr Yuba Raj Khatiwada said the central bank would continue action against banks and financial institutions involved in fraudulent activities.
Responding to the bankers, Finance Minister Bharatmohan Adhikari said the government would leave no stone unturned in resolving liquidity problem and creating stability in the capital market.
He also said the government would review its policy regarding investment in realty sector and simplify merger of banks and financial institutions.
Source: Republica
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