Kathmandu. The monetary policy for the fiscal year 2082/83 has been positive. The Confederation of Banks and Financial Institutions Nepal (CIBFIN) has welcomed the monetary policy of the fiscal year 2082/83 brought by the Nepal Rastra Bank (NRB) after objectively studying, evaluating and analyzing the state of the country’s economic and financial sectors, the mood and expectations of the private sector and the global environment.
According to CBFIN, the balanced, timely and liberal policies adopted to promote monitoring and supervision rather than policy restrictions have boosted the morale and confidence in the banking sector and have drawn a clear roadmap to move forward in building a sustainable, sustainable and real economy by keeping the economic and banking activities alive. ।
“At a time when banks and financial institutions are facing pressure on capital funds, priority should be given to increasing credit investment capacity, facilitating credit management and maintaining financial stability by strengthening the capital fund, and reducing bank rates and policy rates have shown positive signs that the target of expansion of credit taken by the monetary policy will be achieved easily by facilitating credit expansion,” cbfin said.
Formulate a draft of acts and regulations urgently required for the establishment of asset management companies in the event of increasing non-banking assets including passive÷ bad loans, increase the limit of residential home loans and share mortgage margin loans to make the market dynamic, revise the guidance on current capital loans as needed based on the loan payment-income cycle, study the classification of existing loans and review the loan loss arrangement as needed. CIBFIN believes that the revival of credit facilitation in agriculture and micro, domestic, small and medium businesses, the full implementation of anti-money laundering strategies and action plan, and the practical implementation of awareness and service-friendly programs like “Nepal Rastra Bank with borrowers” will lay the foundation for building a strong, sustainable and real economy with sustainable development of the economic and banking sector.
Cibifin has focused on the current needs, justifications and expectations, including study and research of the country’s ground realities, to move ahead in the construction of the real economy with sustainable banking development by focusing on investment promotion and expansion, development of productive, employment-oriented and export-oriented sectors, mobilization and use of young human resources, productivity enhancement, development of neo-entrepreneurship and innovation, employment generation, consumption and export promotion of Nepali goods and services, green investment. With the belief that some of the important suggestions that have not been included will be addressed gradually through the upcoming directives and reviews, CIBFIN has also expressed its commitment to cooperate and cooperate with the effective and result-oriented implementation of the policies adopted by the monetary policy.
