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February 16: Nepal Rastra Bank is preparing to formulate policy on financial literacy program that was previously organised as a campaign by various banks and financial institutions (BFIs) time to time. The policy is being formulated with an objective of expanding the campaign through BFIs in order to provide financial accessibility to all countrymen. The information was disseminated by Governor Chiranjibi Nepal during the inauguration of relocated central office of Muktinath Bikash Bank on February 15. He stressed on BFIs to give attention on financial literacy.
Muktinath Bikash Bank, headquartered at Pokhara, Kaski District, relocated its central office to Kathmandu on the occasion of its 10th anniversary. The program also felicitated former 10 Governors of NRB including Himalayan Shamsher Jabara, Dr Bhes Bahadur Thapa, Ganesh Bahadur Thapa and Satyandra Pyara Shrestha. Similarly, Dr Tilak Rawal, Dipendra Purush Dhakal, Bijay Nath Bhattrai, Dipendra Bahadur Chettri, Dr Yubraj Khatiwada and Krishna Bahadur Manandhar (Acting) were also felicitated.
"NRB alerted BFIs on market liquidity due to lack of capital expenditure by the government" reminded Governor Nepal. According to him, BFIs collected Rs 71 billion deposit within January 26-February 9 after the suggestion. He stated that the BFIs should investment the deposit collected from public in productive sector. He also requested them not to invest the money in inappropriate sectors.
Meanwhile Krishna Raj Lamichhane, Chairman of Development Bankers Association informed that Muktinath Bikash Bank has been able to extend loan of 27 per cent to deprived community. NRB has directed to extend 2 per cent loan to the deprived community.
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View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
