Chinese prisident has launched a sweeping campaign against deep-seated corruption since coming to power a decade ago. however,critics say the policy has helped him eliminatte political rivalas.

The former Chairman of china merchants bank, was sentenced to death   with a two years reprieve. After two years. the death sentence can be life imprisonment.

According to state broadcaste CCTV, Than was found guility of absuing the power of emloyees of state owned companies, trading in undisclosedinformation insider trading and leaking internal information for decades.

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“In the past, a lot of money was spent on non-productive sectors, the economy was under some pressure when paying the obligation of the expenditure, the capital expenditure will now increase, it is gradually being resolved, the economy is returning to the rhythm”, he said.

Finance Minister Dr. Mahat said that the loan taken from the bank and financial sector should be paid. “Debts taken from banks and financial institutions must be paid under any circumstances”, he said. He said that the private sector, the media, the government, the civil society, and the people as a whole should work together to improve the country’s economy

He says that the economy will gain momentum only through the collective efforts of all sectors. He said that the statistics show that the economy has picked up speed recently. “We have capital, but it is a problem to spend, the expenses will increase in the future”, he said.

Executive Director of Nepal Rastra Bank, Guru Prasad Paudel said that Nepal’s economy is becoming dynamic recently. He said that while imports are gradually decreasing, remittances are also increasing.

He clarified that the type of credit that should be provided in the banking and financial sector of Nepal has not been done. He emphasized that the credit should flow to the production sector.

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-Roshan pant-

Ethical leadership means guiding and inspiring people by doing what’s right, following good principles and values.

It’s when business leaders show the right behavior, both at work and in other situations, based on accepted principles and values. This leadership style emerges from understanding the importance of certain moral guidelines.

Ethical leadership is really important in banking for a few key reasons. First, banks handle people’s money and financial futures, so trust is crucial. Leaders need to make ethical decisions to treat everyone fairly, be transparent, and manage risks responsibly.

If trust is broken, it can be really bad for individuals and the entire financial system. Second, there are lots of rules and regulations in banking to make sure things are done ethically and to prevent financial problems. Ethical leaders make sure the bank follows these rules, avoiding legal trouble and keeping the financial environment stable.

Third, banks are always being watched by the public, media, and customers. Ethical leaders help prevent scandals, create a positive image of responsible banking, and build public confidence. Fourth, leaders set the example for employees.

When they prioritize ethics, it creates a culture of integrity, reducing the chances of fraud and unethical practices within the bank.

Finally, ethical leadership is good for customers too. It builds trust, loyalty, and confidence by ensuring fair treatment, transparency, and responsible risk management. Customers feel more secure, leading to stronger relationships and brand loyalty. When problems do arise, banks with ethical leaders can handle them better, repairing trust and minimizing damage.

Ethical leadership in the banking sector thus involves upholding high standards of integrity, compliance with regulations, prioritizing customer well-being, managing risks responsibly, and contributing positively to society.

In Nepal, although there isn’t a dedicated law exclusively addressing ethical leadership, the concept is woven into the constitutional framework and various legal provisions. The Constitution’s preamble emphasizes public accountability and transparency, while fundamental rights articles create an environment conducive to ethical leadership. Sector-specific laws, such as the Civil Service Act and Good Governance Act, establish expectations for public servants and government functioning.

The Commission for the Investigation of Abuse of Authority (CIAA) Act acts as a deterrent against corruption. Additionally, international agreements like the UN Convention against Corruption contribute to ethical conduct.

The  Companies Act, 2063, governs corporate governance, emphasizing ethical standards and stakeholder interests. The Civil Contract Act, 2020, guides financial transactions with principles of good faith and fair dealing.

Sector-specific regulations, such as the Bank and Financial Institutions Act, anti money laundering act,banking offences and punishment act mandate sound corporate governance, fair banking practices, and risk management. Nepal Rastra Bank (NRB) the regulator  issues directives on aspects like Know Your Customer (KYC), Anti-Money Laundering (AML) etc. Enforcement mechanisms include NRB’s supervisory actions, legal proceedings for harmed parties, and professional sanctions against misconduct by banking professionals.

The growing concern for ethical leadership in banking is a global phenomenon, and Nepal is no exception. In Nepal, the banking sector faces a growing concern for ethical leadership, influenced by issues such as corruption, fraud, and varying service level and varying levels of financial inclusion.

Instances of loan scams and lack of transparency in loan procedures have fueled public discontent. In these context ethical leaders in Nepalese banks play a crucial role in addressing these challenges by promoting transparent practices, fair lending, and compliance with regulations.

Core principles of Ethical leadership in banking:

• Integrity: Acting with honesty and truthfulness in all dealings, both internal and external.
• Fairness: Treating customers, employees, and other stakeholders with respect and justice.
• Transparency: Being open and upfront about the bank’s operations, policies, and risks.
• Accountability: Taking responsibility for one’s actions and decisions.
• Sustainability: Considering the long-term impact of the bank’s activities on the environment and society.

 Why is Ethical leadership important in banking?

The banking industry is heavily reliant on trust. This trust can be easily eroded by unethical behavior, such as fraud or insider trading. Ethical leadership is thus essential for maintaining public trust in the banking industry. It can also lead to a number of other benefits, such as:

• To combat Fraud and corruption

• For promoting financial inclusion, ensuring that all segments of society have access to financial services without exploitation.
• For establishing and maintaining trust with customers. This involves fair lending practices, transparent fee structures, and honest communication.
• Improved employee morale and engagement
• Reduced risk of legal and regulatory problems through Adherence to regulatory standards and compliance with ethical guidelines
• Enhanced brand reputation
• Stronger financial performance

Challenges of Ethical leadership practice in Banking sector of Nepal

• Balancing Conflict of interest among stakeholders
• Limited understanding of ethical leadership and its importance among Top level
• Shifting from a profit-driven mindset to one that prioritizes ethical conduct is challenge as it requires ongoing training, awareness campaigns, and leadership commitment to demonstrate the importance of ethical practices.
• Restoring public trust in the banking sector after past scandals
• Striking a balance between ethical behavior and achieving business objectives
• Pressure from external stakeholders, such as politicians or influential individuals, to engage in unethical practices.
• Some traditional business practices in Nepal, such as nepotism and favoritism, can clash with ethical leadership principles. This can make it challenging to implement ethical reforms

How can Banks promote Ethical leadership?

There are a number of things that banks can do to promote ethical leadership, such as:

• Drafting and implementing robust ethical codes, enforcing existing regulations, and offering clear guidance for ethical decision-making.
• Develop a strong code of ethics and ensure that all employees are familiar with it.
• Provide ethics training for employees at all levels.
• Create a culture of open communication and encourage employees to report any concerns about unethical behavior.
• Hold leaders accountable for their actions and decisions.
• Building a workplace environment that recognizes and rewards ethical behavior, promoting fairness and transparency in all operations.

In conclusion, ethical leadership is not just a virtue in the banking sector; it’s a critical driver of success. By prioritizing ethical conduct, banks can foster a culture of trust, build customer confidence, and ensure long-term sustainability for both the institution and the financial system as a whole. It’s a win-win proposition, not just for banks, but for individuals and society as a whole.

Adressing above issues and challenges requires a collective effort from regulators, banking institutions, and individual leaders. By prioritizing ethical conduct and building a strong ethical culture, the Nepalese banking sector can build trust, enhance its reputation, and contribute to sustainable economic development.

(writer is Assistant Manager at Rastriya Banijya Bank)

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Bankingkhabar/ Everest Bank is delighted to announce a groundbreaking collaboration with BitsKraft Pvt. Ltd! Introducing the revolutionary ‘Instant Voice Payment Notification’ service through ‘Koili’ for the banks’ QR merchants.
Everest Bank, a pioneer in the banking sector, is propelling towards a future of seamless digital transactions. With ‘Koili,’ our cutting-edge Instant Audio Payment Notification (IPN) terminal, merchants can now receive payment alerts in their preferred language, including Nepali, Newari, Maithili, Bhojpuri, and English.
Wondering why ‘Koili’? It tackles issues like QR scan fraud and SMS alert delays, catering especially to merchants who may not be fluent in English. We’re bridging the gap to ensure your payments are secure and trouble-free!
Thanks to BitsKraft’s top-notch digitization services, Everest Bank is spearheading the next phase of digital transformation and paving the way towards a secure, Cardless, and Cashless Society.
Join us on this thrilling journey towards financial independence and prosperity for all!
Since its inception, EBL bank has been the first choice of customers and has more than 1.4 million satisfied customers and it has been providing state-of-the-art mobile, internet and cash banking facilities through its global network with its 128 branch network, 3 extension counters, 7 regional offices, 164 ATMs spread across the country.
This bank has also been providing services from 32 collection centers for the revenue collection of the Government of Nepal.

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BankingKhabar/The data of Rastra Bank has shown that although deposits in banks and financial institutions are increasing, the pace of credit disbursement is low.

According to the data till last May, 3 trillion 70 billion 78 million deposits have been collected in banks and financial institutions in 10 months. This is an increase of about 7.3 percent compared to last June. During the same period of the previous year, the deposits of banks and financial institutions increased by 2 trillion 31 billion 32 million (5.0 percent).

On an annual point basis, the deposits in banks and financial institutions have increased by 11.4 percent at the end of 2080 .Baikash similarly, from last July to April, banks and financial institutions have provided a total of 1 trillion 53 billion 17 corer rupees in loans.

This is an increase of 3.3 percent compared to last June. In the same period of the previous year, such loans increased by 5 trillion 48 billion 14 cores (13.4 percent). On an annual point-by-point basis, the credit flow from banks and financial institutions to the private sector increased by 3.1 percent at the end of May 2018. Similarly, at the end of 2080 Baisakh, among the loans from banks and financial institutions to the private sector, the share of loans to the non-financial institutional sector is 63.9 percent and the share of loans to individuals and households is 36.7 percent. In the same period of the previous year, this share was 63.4 percent and 36.6 percent, respectively.

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The Bank actively promotes digital channels such as internet and mobile banking to complement the growing number of branches as part of the ‘bricks and clicks’ strategy allowing customers to reach us through a channel of their choice: branches, ATM, internet and mobile phones.

 About Laxmi Bank

Laxmi Bank was established in 2002. Today, through its branches and a host of IT enabled channels, the Bank serves a wide range of customers. Despite a relatively short history, Laxmi Bank has emerged as a major player across all business lines – retail, midmarket, corporate, infrastructure and treasury. The Bank is widely recognized as one of the best-managed banks in Nepal with high standards of corporate governance culture, risk-management systems and a strong technology.

Laxmi Bank’s microfinance subsidiary – Laxmi Laghubitta Bittiya Sanstha Ltd, a category D financial institution licensed by Nepal Rastra Bank is in operation since 2012 and has a network of 72 branches with loans of over NPR 4 billion.

Similarly, Laxmi Bank’s investment banking subsidiary – Laxmi Capital Market Ltd, licensed by the Securities Board of Nepali’s offering various merchant and investment banking services since February 2009. Laxmi Capital also manages Laxmi Equity Fund and Laxmi Unnati Kosh, the two Mutual Funds sponsored by Laxmi Bank, both of which are listed and traded at the Nepal Stock Exchange.

The Bank closed the previous financial year 2019/20 with a balance sheet size of NPR 129 billion that includes deposits and risk assets of NPR  100.07 billion and NPR 89.89 billion respectively. All key financial indicators of the Bank are well within prudential and regulatory norms.

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ICRA Nepal, the first credit rating agency in Nepal which follows world renowned Moody’s standard, has upgraded the issuer rating of Global IME Bank to [ICRANP-IR] A from [ICRANP-IR] A- and its existing subordinated debentures to [ICRANP] LA from [ICRANP] LA-. The ratings indicate an adequate degree of safety regarding the timely servicing of financial obligations and the instruments issued by the bank carry low credit risk.

For the ratings upgradation, ICRA Nepal has taken into consideration factors like the bank’s comfortable capitalization profile with adequate cushions, relatively granular credit portfolio with lower vulnerability, wide branch network, adequate earnings profile with healthy net interest margins, prudent risk management practices, along with strong promoter group and an experienced board/management profile.

The bank is currently operating 280 branches, 47 extension and revenue collection counters and 257 Branchless Banking facilities spread across the country as well as 3 foreign representative offices, serving over 23 lakh customers. The bank also operates 250 ATMs throughout the country strategically placed for the convenience of its customers. The Bank has an important contribution to bringing in remittance from countries like USA, UK, Canada, Australia, Malaysia, South Korea, Japan, Saudi Arabia, Qatar, UAE, Bahrain, Kuwait, India, Jordan, Hong Kong, etc., which plays a crucial role in economic development of the country.

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As per the agreement, Bank’s staff and customers will get 10% discount on standard (declared) pricing on Food and Beverage items. This discount can be availed by showing ATM card or other proof of being associated with the bank.

With 129 branches, 1 Extension counter and 75 ATMs across the country, Kamana Sewa Bikas Bank Ltd. is in a unique position to provide truly nationwide banking services.

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Banking Khabar / The new fiscal year begins 2078\79 banks have announced new interest rates.  Where some banks have kept the interest rate same while some have increased. The big banks base rate is likely to fall further while some are trying to raise money on term deposits rather than savings.

What is the interest rate of which bank?

Prabhu Bank:

Prabhu Bank has set a minimum interest rate on saving accounts of 2 percent and a maximum interest rate of 4 percent. Prabhu Bank will offer a minimum interest at the period of deposit to individual’s rate is 6.50 percent and a maximum of 7 percent.The bank’s base rate of Jestha month is 7.06 percent. The bank provide loan by adding premium up to 5 percent. The interest rate has been fixed interest rate from a minimum of 9.99 percent to a maximum of 11.99 percent.

Kumari Bank:

Kumari Bank has been set on saving account a minimum interest rate of 2 percent and a maximum interest rate of 4 percent. The bank has set interest rates for personal deposits at 6 percent to 7.65 percent. Likewise, premium up to maximum 7 percent has been fixed at the base rate on various types of loans. In Jestha Month base rate of the bank is 7.40 percent. The bank has express that they will provide fixed loan from a minimum of 10.50 percent to a maximum of 11 percent.

Agriculture Development Bank:

The Agriculture Development Bank has set a minimum interest rate on saving account at 3.50 percent and a maximum 5 percent. The maximum interest rate for personal term is fixed at 7.50 percent. As the end- Chaitra, the bank’s base rate is 7.48 percent. The bank has stated that they will provide loan by adding premium from 2 percent to 5 percent.

Global IME Bank:

Global IME Bank has set a minimum interest rate on saving of 2 percent and a maximum interest rate of 4 percent. The maximum interest rate for individual term is 7.01 percent, this interest is a period of more than 1 year. The bank’s base rate is 6.40 percent in the last month of Chaitra. The bank has announced that they will provide loan by adding premium up to 6 percent. The bank has fixed interest rates at 9.99 percent to 10.99 percent for fixed loans.

Nepal SBI Bank:

Nepal SBI Bank has fixed the interest rate on savings around 3.01 percent and the maximum on personal term at 8 percent. The bank’s base rate on Jestha end is 7.38 percent. Here the interest rate of the loan will be determined by adding premium from minimum 1.50 percent to maximum 5 percent.

Nabil Bank:

Nabil Bank has fixed minimum interest rate of 1.51 percent and a maximum of 3.51 percent on savings. The maximum interest rate is 6.51 percent. The interest rate has been fixed at 5.01 percent for the three-months. The base rate of the bank is 5.71 percent till Jestha months. The bank has specified that provide loan by adding premium up to 7 percent. For fixed interest home loans, the bank will allowed loans at minimum interest rate of 8.49 percent to 11.50 percent.

Rastriya Banijaya Bank:

Rastriya Banijya Bank has announced the new interest rate with from first Sharwan. Accordingly, the interest rate on time deposit will be 5.50 percent to 7.25 percent for individual and 5 percent to 6.50 percent for institutional time deposit. Comparably, for saving account the bank has set a minimum interest rate for saving of 3 percent to 5 percent. This bank has fixed the interest rate at 5.50 percent for the month of Chaitra. The bank will provide loan by adding premium from 1 percent to 3 percent. The interest rate for fixed loan has been stated from 9 percent to 11 percent.

NIC Asia Bank:

From Sharwan first NIC Asia Bank has announced the new interest rate.The bank has been fixed the interest rate on savings account at 2.56 percent. Conforming to the new interest rate which was announced by the bank, in the term deposit will earn up to 7.56 percent interest. The base rate of the bank till last Jestha is 6.74 percent. By adding premium up to 6 percent bank will allow loan.

Century Commercial Bank:

A minimum interest rate of 3 percent and a maximum of 5 percent has been set by Century Commercial Bank. The maximum interest rate for personal term has been fixed at 8 percent. This is an interest rate for a period of more than one year. While, the base rate of the bank of the last Jestha is 7.38 percent. The bank says that it will provide various loans by adding premium up to 6 percent. The interest rate for fixed loan has been fixed at 11.49 percent to 12.99 percent.

NMB Bank:

A minimum interest rate of 2.50 percent and a maximum of 4.50 percent is fixed by NMB Bank. The maximum interest rate for individual term is 7.50 percent and the minimum is 6.50 percent. The base rate last chaitra is 7.19 percent. The bank has said that it will provide loan by adding premium up to a maximum of 5 percent.

Everest Bank:

Everest Bank allow minimum interest rate of 2.50 percent to a maximum of 4 percent. The maximum interest rate for personal term is 7 percent and the minimum is 6 percent. As the end of Chaitra the bank’s base rate is 5.89 percent. The bank will provide loan by adding premium up to a maximum of 5 percent.

Himalayan Bank:

Himalayan Bank has set a minimum interest rate of 2 percent and a maximum of 4 percent. The minimum interest rate for individual term is 5 percent and the maximum interest rate is 7 percent. The bank’s base rate chaitra last is 6.75 percent. By adding premium up to a maximum of 5 percent bank provide loan.

Nepal Bank:

Nepal Bank has set a minimum interest rate of 2.50 percent and a maximum of 4 percent. The maximum interest rate for personal term is fixed at 7 percent. Lat of Chaitra, the bank’s base rate is 5.98 percent. It provides loans with an additional premium of 1.50 percent to 5 percent. The minimum fixed interest rate ranges from 9.35 percent to 13.93 percent.

Machhapuchhre Bank:

Machhapuchhre Bank permit loan a minimum interest rate of 2.05 percent to a maximum of 4 percent. The personal interest rate has been fixed at 7.05 percent. Lat of Chaitra, the bank’s base rate is 7.09 percent. The bank declared that agree by adding premium up to 7 percent. The bank has set a minimum interest rate of 9.89 percent and a maximum interest rate of 12.24 percent for a fixed interest rate.

Sunrise Bank:

Sunrise Bank will offer interest rates from 2.57 percent to 4 percent. Meanwhile, the interest rate on time deposits for individual has been fixed at 7.50 percent. As Jestha last, the base rate of the bank is 6.72 percent. The bank has express that it will provide loan by adding premium 6 percent.  For the fixed interest rate the bank has grant minimum interest rate of 10.50 percent and a maximum interest rate of 13.50 percent.

Mega Bank:

A minimum interest rate of 2.25 percent and a maximum interest rate of 3.50 percent on savings accounts Mega Bank has been allowed. The bank has permit an interest rate of up to 7.25 percent on personal term deposits. Likewise, the base rate on various types of loans premium up to a maximum of 7 percent has been fixed. The base rate of the bank in Jestha is 7.01 percent.

Siddhartha Bank:

Siddhartha Bank has declared that new interest rates for the month of Sharwan. The bank has published that the interest rate on savings will be from minimum 2.5 percent to maximum 4 percent. In the term of deposit of individual the bank will offer interest rate of up to 7 percent. Its base rate in Jestha month was 6.69 percent. The bank has precise that will increase the premium up to 5 percent in the base rate when giving various types of loans. For a fixed interest rate, the bank has set a minimum interest rate of 8.49 percent and a maximum interest rate of 11.49 percent.

Prime Commercial Bank:

Prime Commercial Bank has admit a minimum interest rate of 2.76 percent and a maximum of 4.50 percent for savings. The maximum interest rate has been fixed at 7.76 percent and the minimum at 7.50 percent.Last Chaitra base rate is 7.14 percent. The bank has told that will extend the loan by adding premium up to a maximum of 6.99 percent. The bank has fixed a minimum interest rate for fixed loans is 10 percent and a maximum interest rate of 11 percent.

NCC Bank:

NCC Bank has authorized a minimum interest rate of 3 percent and a maximum of 5 percent. The maximum interest rate for individual term is 8 percent and minimum is 7 percent. The base rate for last Chairta is 7.41 percent. The bank has defined that they supply loan by adding premium up to maximum of 5 percent. The bank has express a minimum interest rate 9.25 percent and a maximum 11 percent on fixed loans

.Bank of Kathmandu:

Bank of Kathmandu has kept the minimum interest rate on savings at 2.50 percent and the maximum at 4 percent. On personal term has been fixed at maximum intrest is 7 percent. This is an interest rate for a period of more than one year. Last Jestha the base rate of the bank is 6.56 percent. The bank says that various loans will be given by adding up to 5 percent premium.

Nepal Bangladesh Bank:

Nepal Bangladesh Bank has been supply minimum interest rate for saving is 2.50 percent. The maximum interest rate for individual term is 7.50 percent and the minimum is 7.25 percent. The bank’s base rate for last Chaitra is 9.89 percent. The bank has explicated that it will determine the interest rate of the loan by adding premium up to a maximum of 5 percent. The bank has set a minimum interest rate of 9.99 percent and a maximum of 12.99 percent for fixed loans.

Laxmi Bank:

Minimum interest rate of 2.5 percent and a maximum of 4.5 percent on savings accounts by laxmi bank. The term deposit will pay 7 percent interest for 3 months to individuals and 7.5 percent interest for more than 6 months. The bank’s base rate till Jestha is 8.9 percent.  Up to 5 percent the bank gives loan by adding premium.

Citizen Bank:

Citizens Bank has mention a minimum interest rate of 3.15 percent and a maximum of 5.15 percent. The maximum interest on personal term has been fixed at 7.65 percent. For the period of more than one year for an interest rate. Meanwhile, the base rate of the bank till last Jestha is 7.51 percent.Various loans will be given by adding premium up to 5 percent by bank. The interest rate for fixed loan has been fixed at 10.50 percent to 13 percent.

Civil Bank:

Civil Bank has reduced the interest rate on savings from 3.55 to 5.55 percent. From now, the bank will pay only 4.01 to 5.01 percent interest. The bank has increased the maximum interest rate from 8.55 percent to 8.71 percent.

Sanima Bank:

Sanima Bank has increased the interest rate on savings from 2.05 to 4.05 percent from 2.35 to 4.35 percent. At the same time, the term interest rate has been increased by 0.30 percentage point. The bank will pay interest up to a maximum of 7.35 percent.

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Banking Khabar / Previous Governor of Nepal Rastra Bank Dr. Chiranjeevi Nepal has focused on the need for the central bank to be addicted in financial stability as people have more trust in the policy of Nepal Rastra Bank than in the budget of the government. He said that the Deuba government should update the budget brought by the KP Oli government through an ordinance in a timely manner. Through a webinar program organized by Media International on ‘Renaissance and Strong Economy’ was told by Previous Governor Nepal.He said that he did not believe the current government will be accept the budget which was brought by the KP Oli government. As the government was changed due to lack of political stability and the budget came from the ordinance, the current government is not in the position to the implement the budget was also stated by Him.  Dr. Nepal said that it is necessary to reduce the expenditure by making some changes in the budget. He forced that the government should bring relief package. He said that the government should bring relief funds from the monetary policy rather than the monetary policy. The monetary and inflection policy should be stable, the previous governor Nepal said that the previous year’s monetary policy worked smoothly. He said that all the countries of the world has been brought health and economic rehabilitation packages in their budgets, only  our country  Nepal  could not bring health and economic rehabilitation packages. He said that the budget has not been able to support the economy and increase the self-reliance from lower class to businessmen.

According to him people should not expect much more from the central bank as the central bank is working to make the deposits safe by regulating and supervising banking and not banking transactions. He said, “Where we have the practice of banking-roll only by the central bank, it is not a matter of refinancing but of securing banks and financial institutions by regulating and supervising them for financial stability.” He said that if the central bank will start sinking then banks should rescue.

The reason people trusting to bank is due to financial stability, he said that for hold inflection the central bank should be responsible. He said that the central bank has been being stronger for the past few years due to its excellence policy. All around the world people have more trust in the central bank than in the budget because there is a worldwide perception that it supports and continues, including protection,” he said. According to him “The budget does not protect, the central bank have a  responsibility to protect the financial sector and move the economy forward, that’s why it is very sensitive,”.  He also mention that every policy which was taken by the central bank will be long-term and effective. He said that the central bank has not been able to regulate and supervise flow  of money in the citizens’ investment fund, savings fund and other fund,moreover, the sector also come under regulation and supervision. At the same program, another previous governor of Nepal Rastra Bank, Mr. Dipendra Bahadur Chhetri, said that the new government should led by Sher Bahadur Deuba  bring an acceptable budget.In a virtual program which was organized by Media International ‘Revival and Strong Economy’, the previous governor said that the current government should bring own budget as the KP Oli-led government had been brought the budget through an ordinance. He said, “The Deuba government should bring an acceptable budget.”  All the projects of national pride have not been successful from the past seven or eight years and it should be included in the current budget has been told by him. According to KP Oli government order Jestha 15 the budget of Rs. 16 kharba 47 Arab, the government did not able borrow the money from the bank, is said by him.

Through exchanging cash from bank and it can be utilized in private sector’s said by him. Stating that the revenue policy is now rectangular, he said that the budget has given support to the rectangle. He hoped that the monetary policy which was introduced by Nepal Rastra Bank would bring appropriate schemes.He said that it was necessary to move ahead by creating a transition between the Ministry of Finance, NRB and industrialists. Stating that the monetary policy should control the inflation, he also suggested that the monetary policy should move forward in a helpful manner.

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