Nepal Bankers’ Association (NBA) Gandaki Province Committee successfully organized an “Interaction Program on Current Issues and Monetary Policy” in Pokhara. The program aimed to foster constructive dialogue between the banking sector and Nepal Rastra Bank (NRB), focusing on the current economic challenges and the role of monetary policy in supporting economic growth.
The session began with remarks by NBA Gandaki Province Deputy Coordinator Mr. Rameshwor Khatiwada, followed by presentation on Gandaki Province’s economic and financial landscape by NRB Deputy Directors Mr. Ram Kumar Karki, Mr. Prem Prasad Acharya and Ms. Ragni Singh. The NRB officials provided a comprehensive overview of key economic indicators, provincial financial health, and monetary policy considerations in light of emerging fiscal challenges.
Mr. Hari Dhakal, Coordinator of NBA Gandaki Province, shared the collective suggestions of member banks, highlighting the need for a more flexible and responsive monetary policy, particularly to support SMEs, rural borrowers, and individuals impacted by the economic slowdown. Among the issues raised, participants emphasized that the current working capital guidelines have posed practical difficulties for businesses. The existing loan classification system was also requested to be relaxed. Other critical issues discussed included difficulties in loan recovery, inefficiencies caused by over-branching post-merger and valuation inconsistencies.
The program concluded with closing remarks and a vote of thanks from Deputy Coordinator of NBA Gandaki Province Mr. Buddhi Raj Baral, who expressed appreciation for the active participation of officials from member banks and NRB.
