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September 23: Finance Minister Dr Yuba Raj Khatiwada has stressed on the need to keep the banking sector out of political influence. He made such remarks during the fifth ‘NewBiz Business Conclave and Awards 2018’ organized by New Business Age in Kathmandu on Friday.
The finance minister said that banks should operate transparently under the directive of its board of directors (BoD) and by its own mechanism.
“Unnecessary political meddling creates a difficult situation for the banks,” he said, urging the stakeholders to leave the banks to work according to its mechanism and plans. He also stressed the need for the banks to be under the regulation of the central bank, and increase trust among the depositors.
“The central bank is working to uplift the banking and financial institutions (BFIs) of the country. There is a proper policy and laws in the BFI sector. But, there is a need to fully abide by the policies. Also, there is a necessity to amend the policies as per the need of the time,” said Khatiwada.
“The banking sector is always under risk. So, the this sector should use technologies as per the demand and requirement,” he said
The finance minister added the banking sector of the country is not free from the influence of foreign countries. “The economic changes in the foreign countries, and the regular changes in the exchange rate of foreign currencies causes problems in the banking sector of the country,” the finance minister said.
He also stressed the need to achieve a double digit growth, requesting the banking sector to increase investment in infrastructure projects like hydropower, agriculture, tourism, among others.
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Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
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<p>“The banking sector is always under risk. So, the this sector should use technologies as per the demand and requirement,” he said</p>
<p>The finance minister added the banking sector of the country is not free from the influence of foreign countries. “The economic changes in the foreign countries, and the regular changes in the exchange rate of foreign currencies causes problems in the banking sector of the country,” the finance minister said.</p>
<p>He also stressed the need to achieve a double digit growth, requesting the banking sector to increase investment in infrastructure projects like hydropower, agriculture, tourism, among others.</p>
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<p>The finance minister said that banks should operate transparently under the directive of its board of directors (BoD) and by its own mechanism.</p>
<p>“Unnecessary political meddling creates a difficult situation for the banks,” he said, urging the stakeholders to leave the banks to work according to its mechanism and plans. He also stressed the need for the banks to be under the regulation of the central bank, and increase trust among the depositors.</p>
<p>“The central bank is working to uplift the banking and financial institutions (BFIs) of the country. There is a proper policy and laws in the BFI sector. But, there is a need to fully abide by the policies. Also, there is a necessity to amend the policies as per the need of the time,” said Khatiwada.</p>
<p>“The banking sector is always under risk. So, the this sector should use technologies as per the demand and requirement,” he said</p>
<p>The finance minister added the banking sector of the country is not free from the influence of foreign countries. “The economic changes in the foreign countries, and the regular changes in the exchange rate of foreign currencies causes problems in the banking sector of the country,” the finance minister said.</p>
<p>He also stressed the need to achieve a double digit growth, requesting the banking sector to increase investment in infrastructure projects like hydropower, agriculture, tourism, among others.</p>
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include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
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
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<p>The finance minister said that banks should operate transparently under the directive of its board of directors (BoD) and by its own mechanism.</p>
<p>“Unnecessary political meddling creates a difficult situation for the banks,” he said, urging the stakeholders to leave the banks to work according to its mechanism and plans. He also stressed the need for the banks to be under the regulation of the central bank, and increase trust among the depositors.</p>
<p>“The central bank is working to uplift the banking and financial institutions (BFIs) of the country. There is a proper policy and laws in the BFI sector. But, there is a need to fully abide by the policies. Also, there is a necessity to amend the policies as per the need of the time,” said Khatiwada.</p>
<p>“The banking sector is always under risk. So, the this sector should use technologies as per the demand and requirement,” he said</p>
<p>The finance minister added the banking sector of the country is not free from the influence of foreign countries. “The economic changes in the foreign countries, and the regular changes in the exchange rate of foreign currencies causes problems in the banking sector of the country,” the finance minister said.</p>
<p>He also stressed the need to achieve a double digit growth, requesting the banking sector to increase investment in infrastructure projects like hydropower, agriculture, tourism, among others.</p>
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<p>“Unnecessary political meddling creates a difficult situation for the banks,” he said, urging the stakeholders to leave the banks to work according to its mechanism and plans. He also stressed the need for the banks to be under the regulation of the central bank, and increase trust among the depositors.</p>
<p>“The central bank is working to uplift the banking and financial institutions (BFIs) of the country. There is a proper policy and laws in the BFI sector. But, there is a need to fully abide by the policies. Also, there is a necessity to amend the policies as per the need of the time,” said Khatiwada.</p>
<p>“The banking sector is always under risk. So, the this sector should use technologies as per the demand and requirement,” he said</p>
<p>The finance minister added the banking sector of the country is not free from the influence of foreign countries. “The economic changes in the foreign countries, and the regular changes in the exchange rate of foreign currencies causes problems in the banking sector of the country,” the finance minister said.</p>
<p>He also stressed the need to achieve a double digit growth, requesting the banking sector to increase investment in infrastructure projects like hydropower, agriculture, tourism, among others.</p>
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
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
