Nepal Rastriya Dainik
May 20, 2024 ,
TRENDINGS
Nine thousand victims of human rights violations in 2023 General committee meeting to make Congress strong and united: Deuba Those who pushed the country to violence are in power: Former President Bhandari Indefinite curfew order in Birgunj Permission for mineral extraction to 156 mining companies in Nepal Finance Minister Mahat’s request to focus on meeting the target of revenue collection

Nepal’s banking sector is safe: Small shocks won’t affect it: Governor

Posted on by नेपाल राष्ट्रिय दैनिक

Nepal Rastra Bank Governor Maha Prasad Adhikari has said that the condition of Nepal’s banks is safe and a small shock will not affect it.

Announcing the financial data for 8 months of the current fiscal year 2079/80, the governor said that the foreign exchange reserve is in a comfortable state and inflation is in a declining state.

He said that even though the bank’s interest rate is slightly higher, the base rate has been decreasing since February. He said that there is no need to despair as Nepal’s economy is improving, and that capital adequacy is 13 percent instead of 11 percent and non-performing loans are 2.63 percent.

Governor of Nepal Rastra Bank Maha Prasad Adhikari suspended

Posted on by नेपाल राष्ट्रिय दैनिक

The government has suspended Maha Prasad Adhikari,the Governor of Nepal Rastra Bank.

Deputy Governor Nilam Dhungana Timilsina has been given the responsibility of acting governor of NRB, according to a Finance Ministry source.

It has not yet been disclosed why the government decided to suspend him. But he is being accused of leaking confidential information to the media.

According to a source, the relationship between Finance Minister Janardan Sharma and Governor Adhikari has not been good lately.

Earlier on Friday, Finance Minister Sharma had publicly accused that a member of the Board of Directors of NRB had bargained for the release of millions of US dollars from the account of Prithvi Bahadur Shah of Achham. This happened after the media reported that Finance Minister Sharma had put an undue pressure on the NRB to release the money.

Speaking at a program on ‘National Economics and Finance Conference’ organized by NRB, Minister Sharma also accused a high-ranking official of NRB of leaking secret information to the media.