Nepal’s financial sector is now on track: NRB Governor Adhikari
December 12, 2022 | 9:53 pm
Kathmandu / Dec 12: The Nepal Rastra Bank’s (NRB) Governor Maha Prasad Adhikari on Monday said that the liquidity problem in the country’s banking system has gradually been solved.
Speaking at the annual general meeting of the Nepal Bankers’ Association, Governor Adhikari said the interbank rate has fallen to 7.07 percent from 8.5 percent. According to Adhikari, the standing liquidity facility being used by banks has also dropped to Rs 5 billion. “It shows an improvement in the liquidity position of the banks,” he said.
As of now, remittance has been the major driving force of the financial health of the country. “We have to make a paradigm shift through restructuring the country’s economic system,” Adhikari added.