Wider reforms including risk-based regulation to rural loan recommended for banking sector

Kathmandu, Dec 23: Nepal Rastra Bank, the central bank of Nepal, has unveiled the report submitted by the Banking Sector Reforms Recommendation Taskforce.The taskforce was formed by the central bank under the leadership of Dr Rewat Bahadur Karki to recommend comprehensive reforms in order to resolve the critical problems emerged in banking sector due to slack economy, high liquidity, increasing passive loan and non-banking properties.The taskforce has put forward several agendas for reforms ranging from banking policy, regulation, credit flow, rural economy, merger, grey list and stock market.It has drawn a conclusion that structural reforms are inevitable in the context...