Nepal Bankers’ Association turn up with 7 suggestions including elongation of tenure to meet paid up capital requirement
Thu, Feb 2, 2017 2:29 PM on Latest, Featured, Stock Market,
Nepal Bankers’ Association has urged to extend time for increasing paid up capital of banks along with 6 other measures to cope with the current liquidity crisis.
In a meeting held yesterday (Magh 19, 2073), the association has come forth with the idea to prolong the deadline of meeting the paid up capital requirement as directed by Nepal Rastra Bank (NRB) as there has been shortage of investable fund.
The meeting highlighted the current scenario of banks portraying shortage of loanable funds, slow deposit growth rate despite high interest rate and other major reasons for banks’ poor investment proficiency.
In a meeting held yesterday (Magh 19, 2073), the association has come forth with the idea to prolong the deadline of meeting the paid up capital requirement as directed by Nepal Rastra Bank (NRB) as there has been shortage of investable fund.
The meeting highlighted the current scenario of banks portraying shortage of loanable funds, slow deposit growth rate despite high interest rate and other major reasons for banks’ poor investment proficiency.
