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

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.

Monetary policy for fiscal year 2079/80


Nepal Rastra Bank today announced the monetary policy for the financial year 2079/80.
Nepal Rastra Bank’s Governor Maha Prasad Adhikari announced the monetary policy today through a press conference.

The announced new monetary policy has increased the bank rate from 7% to 8.5%.Similarly, the minimum limit of 40 million has been removed in share mortgage loans while the maximum limit of 120 million has been maintained .

Full Text of Monetary Policy: