Print Edition - 2017-09-17  |  Letter to the Editor


- Umesh Thapa

Sep 17, 2017-

After economic liberalisation, the service sector is thriving, along with the banking industry (‘NRB gives extra time to problematic institutions to replenish capital’, September 13, Page 1). The NRB had provided licenses to a number of banks & financial Institutions (BFIs), without being aware of the consequences for the economy. Simultaneously, the NRB could not ensure its supervisory role, which has been problematic for a number of BFIs. BFIs do not comply with norms set by the central bank,  neither are they confined to the directives set by the regulator. The NRB has to develop monitoring mechanisms.

Umesh Thapa, via e-mail


Published: 17-09-2017 10:33

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