सिंहदरबार संवाददाता
Kathmandu. Chief Executive Officer (CEO) of the National Commercial Bank, Debendra Raman Khanal, has said that financial discipline is also needed for the development of the banking sector along with financial facilitation. He said this while speaking at the 60th Annual General Meeting of the bank on Thursday.
He said, ‘Financial discipline is also needed for the development of the banking sector along with financial facilitation. The size of our bank and financial sector is around the size of the country’s gross domestic product.’ He said that in the current environment where there is some slack in the global economy, there are some signs of recovery in the Nepalese economy. He said that the overall business community has felt some relief since the inflow of foreign remittances has improved due to increased liquidity in the banking sector.
CEO Khanal said that the gradual improvement in revenue collection, the positive signs seen in the mobilization of government resources, the effectiveness brought to the market system, the effectiveness of the monitoring system, the use of tools adopted by public finance and monetary policy, and the inflation within the desired limits have also helped in the improvement of the economy. He said, “The policy reform efforts taken by the Government of Nepal to uplift the economy have also conveyed positive hope to the overall economy.” We hope that the improvement in the economy will help solve the problems of excess liquidity and declining loan-to-deposit ratio that banks are currently facing.’
He mentioned that the establishment of this bank was with the aim of uplifting the national economy, increasing financial access of the general public and supporting the development of the industry and commerce sector. He claims that Rastriya Banijya Bank Limited has succeeded in proving itself superior in today’s competitive market with new thinking and determination, rising from a crisis that had already existed at one time. He said, “The bank is continuously working on improving areas such as bad loan management, human resources, customer service, loan quality, institutional governance, internal control system, risk management, compliance with regulatory guidelines, use of information technology, digital banking services, etc.”
He also expressed the view that the banking and financial sector is concerned about the continuously high size of non-performing loans in Nepal’s banking and financial sector.
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