Nepal Rastra Bank organizes webinar for top executives of banks and financial institutions; Governor Maha Prasad Adhikari  instructs banks not to indulge in unhealthy banking practices

The Supervision Department of Nepal  Rastra Bank has organized a Webinar event with the CEOs of the banks and financial institutions on Bhadra 23, 2077 that was also addressed by Governor Mr. Maha Prasad Adhikari.

In the event, Governor Mr. Adhikari highlighted about the financial stability Nepal is currently maintaining despite the COVID threat, the BOP surplus of Rs 282 arba, and foreign currency reserve of more than 14 kharba, as per the media statement.

The Governor also highlighted that the present situation of excess liquidity of 2 kharba in the market is the opportunity not a challenge for the BFIs and instructed the banks not to engage in unhealthy banking practices like stealing one another’s credit, as per the media statement.

The event was also addressed by the head of BFI Supervision Department of NRB Mr. Dev Kumar Dhakal, head of Nepal Bankers Association Mr. Bhuwan Kumar Dahal, head of Development Bankers Association Mr. Govinda Prashad Dhakal, and head of Nepal Financial Institutions Association Mr. Saroj Kaji Tuladhar who together highlighted the effect of COVID in banks and financial institutions of Nepal.