Finance Minister calls for honesty

Nov 17, 2019 10:12 AM RSS

Finance Minister Dr Yuba Raj Khatiwada has called on all stakeholders concerned to work with the sense of honesty, competition and motivation to transform the Nepal Bank into the commercial bank of the 21st century.

In his address to a ceremony held on the occasion of the bank's 83rd anniversary yesterday, Khatiwada said goals were achievable without greater efforts if the management and staff worked honestly and professionally.  

He went on to say that the bank which had been once in a crisis due to a negative capital fund and high bad debt arrived to this situation following the enforcement of Nepal Bank Financial Area Sector and now had regained its reputation. "Now the bank's profit is satisfactory, has a positive capital fund and a less ratio of bad debt."  

He directed the people concerned not to play with people's deposits and regulatory bodies to do the duty seriously.  

On the occasion, Khatiwada inaugurated Nepal Bank's museum and 18 branches and two 'extension counters' established at several parts of the country through a remote-control system. 

Similarly, he awarded long-time serving employees and winners of several events organised on the occasion of the anniversary.

Similarly, Deputy Governor Chintamani Shiwakoti advised the Bank to tighten organizational governance and increase loan disbursement, creating employment opportunities for the rural people.  Stressing that the bank should be in a leading position, he urged the bank to reach its services to those areas deprived of fiscal access.

He also took time to advise the bank to reduce the ratio of non-performing loan, increase the interest rates of deposits and minimize the interest for loan. As he said, only competent and efficient human resources would provide a ground for the bank to make a stride towards financial progress.

The programme was presided over by Bank chair Basudev Adhikari.

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