Kathmandu, Jan. 15
Vice president of Nepal Bankers’ Association (NBA)
Anil Upadhyaya has said that the financial reports of the banks and financial
institutions (BFIs) need to be published in simple form and Nepali language.
“The reports are for the common public and
especially the investors of the BFIs most of whom do not have idea about the
difficult technical terms and structure of the financial reports, therefore, we
are thinking of publishing them in Nepali language as well,” he said while
speaking at a training on Nepal Financial Reporting Standards organised by
Nepalese Association of Financial Journalists (NAFIJ) on Friday.
He said that the reports in the past were prepared just
to show the regulator but now millions of investors are interested in such
reports which had demanded simplicity in it.
According to him, bankers have started discussion
on the issue and the NBA would continue it.
The training was facilitated by Assistant Director
of Nepal Rastra Bank Sujan Khanal, Financial Controller of Standard Chartered
Bank Suraj Lamichhane and senior economic journalist Yagya Banjade. Altogether 30
economic journalists were present in the training.
Published in The Rising Nepal daily on 16 January 2021.
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