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Interaction Program on Current Issues & Financial Literacy at Surkhet

Nepal Bankers’ Association (NBA) in collaboration with Financial Literacy Nepal (FLN) successfully organized an interaction program on Current Issues & Financial Literacy at Surkhet. The primary objective of the program was to interact on various pertaining challenges and issues in the banking and capital market, and also to understand how financial literacy amongst concerned stakeholders can help to address them.

In the opening remarks, Executive Director of NBA, Mr. Anil Sharma extended a warm welcome to all the participants and highlighted the importance of the program. He emphasized that the program is expected to immensely benefit everyone involved by enhancing their capacity, knowledge and skills.

During the program, Former Executive Director of Securities Board of Nepal (SEBON), Mr. Niraj Giri delivered a presentation covering various aspects of securities market. He talked into both the legal framework and practical dimensions including the role of regulatory bodies in overseeing market activities, and the procedures involved in issuing and trading securities. Additionally, he also shed light on practical aspects such as market trends, investment strategies, and risk management techniques relevant to securities market.

Similarly, Former NBA President Mr. Bhuvan Dahal delivered presentation on current banking and financial issues. He discussed various topics such as the public perception towards the banking sector and the possible reasons behind the growing negative sentiments. He also exposed the reality behind some of the myths and misconceptions about the industry. Using data and evidence, he highlighted the current state of the banking sector and argued that it was stable, resilient, and well-regulated by the central bank’s policies. He also shared his expertise with the participants and answered their queries and concerns. Thereafter, he focused on the importance of financial literacy and its importance – areas that the bank officials need to focus upon while they conduct the financial literacy classes and interact with customers.

The Chief Guest of the Program, Former Governor of Nepal Rastra Bank Dr. Chiranjibi Nepal shared his experience/insights and provided suggestions on how to address the current banking and financial issues. He highlighted the need of financial literacy in each and every sector of the economy, he further said that in case of Nepal there was still a lot of work to be done in the area of financial literacy, and that without providing people with adequate financial education and skills, it would be very hard to cope with the challenges in the days ahead.

More than 40 officials from various commercial banks participated in the program.