Nepal Bankers’ Association (NBA) in collaboration with Financial Literacy Nepal (FLN), successfully held an interaction program on Current Issues & Financial Literacy at Dhangadhi. The event aimed to interact on the ongoing challenges in the banking and capital markets and also to understand how financial literacy amongst concerned stakeholders can help to address them.
In his opening remarks, NBA Executive Director, Mr. Anil Sharma warmly welcomed all participants and underscored the significance of the event. He pointed out that the program is designed to greatly benefit everyone involved by boosting their capacity, knowledge, and skills.
During the program, Former Executive Director of Securities Board of Nepal (SEBON), Mr. Niraj Giri delivered a comprehensive presentation on the securities market. He delved into both the legal framework governing the market and the practical aspects that impact its functioning. Mr. Giri explained the roles of regulatory bodies in ensuring the smooth operation of market activities and outlined the steps involved in the issuance and trading of securities. Beyond the regulatory details, he also explored real-world considerations such as current market trends, effective investment strategies, and techniques for managing risks in the securities market.
Similarly, Former NBA President Mr. Bhuvan Dahal gave a presentation on the current issues facing the banking and financial sectors. He addressed several key topics, including the public’s perception of the banking industry and the potential reasons for the growing negative sentiments. Mr. Dahal discussed on some of the common myths and misconceptions about the sector, using data and evidence to demonstrate that the banking industry is stable, resilient, and well-regulated under the central bank’s policies. He also engaged with the participants, sharing his insights and responding to their questions and concerns. Following this, Mr. Dahal emphasized the crucial role of financial literacy, urging bank officials to prioritize this area when conducting financial literacy classes and interacting with customers.
The Chief Guest of the Program, Former Governor of Nepal Rastra Bank, Dr. Chiranjibi Nepal shared his experiences and insights on tackling the current challenges in the banking and financial sectors. He stressed the critical importance of financial literacy across all sectors of the economy, noting that Nepal still has significant work to do in this area. Dr. Nepal emphasized that without equipping people with the necessary financial education and skills, it will be difficult to overcome the challenges that lie ahead. He also offered valuable suggestions on how to address these ongoing issues
The program was attended by more than 40 officials from various commercial banks.
