Kathmandu. KATHMANDU: Nepal Rastra Bank (NRB) has decided to adopt a policy to transfer the profit to the customers by reducing the financial cost of the banks and financial institutions.
The central bank has issued a statement for the fiscal year 2083. Unveiling the annual monetary policy for the fiscal year 84, it was informed that such policy is going to be adopted. According to the NRB, the policy will be adopted to make the dissemination of the monetary policy effective, reform the financial sector and enhance the quality of services to the consumers by reducing the financial cost through the branch management and digitization of the banks and financial institutions.
Similarly, the central bank has a policy to gradually implement regulatory provisions to encourage banks, financial institutions and non-bank financial institutions to expand their services in the targeted areas by completing the ongoing study on the classification of banks and financial institutions.
