सिंहदरबार संवाददाता
Kathmandu. Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel has directed the chairmen and CEOs of government banks and financial and non-financial institutions to work in a way that generates appropriate returns by making strategic plans in the changed context.
In a meeting organized at the Ministry of Finance, Finance Minister Poudel directed the government banks and financial and non-financial institutions to take the initiative in formulating the necessary policies and laws, saying that the ministry will provide necessary facilitation to formulate the necessary policies and laws.
He said that meaningful initiatives should be taken to solve the problems that have emerged now, saying that progress in the normal situation will not be enough. Finance Minister Poudel directed the organizations to work within their respective responsibilities and boundaries to address the problem and enhance the credibility of the organization. He also emphasized the need to reduce the size of bad loans and invest in places that provide returns.
The chairmen and chief executives of government banks and financial and non-financial institutions said that there were problems in loan recovery in some places and that they would focus on increasing capital and expanding investment.
The meeting was attended by the Finance Secretary, Revenue Secretary, Rastriya Banijya Bank, Nepal Bank Limited, Agricultural Development Bank, Employees Provident Fund, Rural Development Microfinance Financial Institutions, Deposit and Credit Guarantee Fund, and other chairmen and chiefs.
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