Stories Tagged 'Nepal bankers’ association'
Nepal Rastra Bank, the central monetary authority of the country, outrightly rejected the bankers’ demand to increase the ratio of credit to core capital cum deposit in order to ease the current situation of acute shortage of loanable funds within the banks and financial institutions.
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Nepal Stock Exchange (Nepse) index plunged 26.77 points to close at 1,288.36 points, as investors took a wait and watch stance triggered by uncertainty of the new government’s policy, tussles between the Nepal Bankers’ Association and NIC Asia Bank coupled with a shortage of loanable funds with the banks.
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