Ninth Nepal-India Joint Technical Coordination Committee Meeting Concludes in Kathmandu

The ninth meeting of the Joint Technical Coordination Committee (JTCC) between Nepal Rastra Bank (NRB) and the Reserve Bank of India (RBI) concluded today in Kathmandu. Inaugurating the session, NRB Governor Prof. Dr Biswo Nath Poudel highlighted JTCC’s effectiveness in fostering productive dialogue and providing technical solutions on cross-border monetary and financial issues. He emphasized the committee’s role in strengthening cooperation in monetary policy, foreign exchange management, supervision, and payment systems, and expressed confidence that institutional and technical collaboration between the two central banks will further deepen.

RBI’s Executive Director and JTCC Coordinator Arnab Kumar Chowdhury noted that since its formation in 2016, the JTCC has facilitated progress in currency management, cross-border payments, trade facilitation, and financial inclusion. During the technical sessions, officials from both central banks discussed the integration of cross-border digital payment systems, liquidity management, foreign exchange practices, and reviewed the implementation status of decisions from the previous meeting. The meeting saw active participation from senior officials of NRB and RBI, reaffirming their commitment to strengthen bilateral cooperation in the banking and financial sectors through the JTCC platform.