Kathmandu, Jan. 21
Deputy Prime Minister and Finance Minister, Bishnu Prasad Paudel, has
directed the chairpersons and chief executive officers of state-owned banks and
financial as well as non-financial institutions to adopt strategic plans
tailored to the changing context to ensure effective outcomes.
In a meeting held at the Ministry of Finance on Tuesday, DPM Paudel assured
the institutions that the ministry would facilitate in the formulation of necessary
policies and laws to support their operations and development.
He urged them to take proactive initiatives, stating that ordinary progress
would not suffice and emphasised the need for meaningful efforts to address
prevailing challenges, the Ministry of Finance informed in a statement.
DPM Paudel also instructed the institutions to work within their
responsibilities and limits to enhance their credibility among the people and
stakeholders. He also stressed reducing the volume of non-performing loans and
focusing investments on areas that yield tangible results.
The leaders of state-owned BFIs acknowledged challenges in loan recovery
and expressed their commitment to prioritising capital growth and investment
expansion.
The meeting was attended by the Finance Secretary, Revenue Secretary, and
representatives from institutions such as Rastriya Banijya Bank, Nepal Bank
Limited, Agricultural Development Bank, Employees Provident Fund, Rural
Development Microfinance Financial Institution, and the Deposit and Credit
Guarantee Fund.
Published in The Rising Nepal daily on 22 January 2025.
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