Thu, Dec 6, 2018 5:27 PM
A committee has been formed in order to study to recent problems that have been hindering the capital market growth of Nepal under the Government of Nepal. The committee comprises of Deputy Governor of Nepal Rastra Bank (NRB) - Mr. Shibaraj Shrestha, Chairman of Securities Board of Nepal (SEBON) - Rewat Bahadur Karki, Chairman of Nepal Bankers' Association (NBA) - Gyanendra Dhungana, representatives of Investors Forum and Ministry of Finance's vice-secretary responsible for Financial sector management.
The public notice states that the problems will be identified and suggestions will be forwarded with 7 days. The cordinator of the committee is Mr. Shibaraj Shrestha, Deputy Governor.
Right after the NBA had dissolved the Gentlemen's agreement of interest rates, banks are consecutively increasing rates of saving accounts and fixed deposits. This on one hand makes lending more expensive and on the other hand decreases tha charm of stock market. The already bearish NEPSE is going further down as the rates start to hike. Thus, to study the indepth issues and formulate necessary solutions, this committee has been incorporated.