In the new monetary policy announced on Friday, the central bank has continued its previous year’s decision of not accepting new applications for banks and financial institutions under the heading of financial sector reforms, regulation and supervision.
Likewise, the monetary policy has barred the banks and financial institutions failing to meet the minimum paid up capital from expanding their branches and distributing dividends and they would be given the fixed limitations for deposits collection and loan investment.
Similarly, the NRB has given continuity to merger and acquisition policy for strengthening the banking system.
As per the NRB policy, the branches of banks and financial institutions displaced during the insurgency period should be reinstated by this fiscal year. RSS
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