In the joint transaction initiation program of Global IME and Janata Bank, Khatiwada said “Banks and financial institutions (BFIs) need operators with the strong business caliber and corporate governance to run smoothly. BFIs cannot be run in fashion and arrogant.”
Haphazard management in BFIs may invite big frauds resulting decline in public trust in such institutions. Adding that the big banks and big transactions will raise public trust, he said the nation will also benefit if BFIs increase their investment source and investable capacity.
He further said “BFIs should opt for the merger by themselves. Big banks can have an astounding effect in the economy, thus, the multiple banks having investment from a single business family must be merged.”
