Share this Twitter Myspace Digg Del.icio.us Slashdot Furl Yahoo Googlize this Blinklist Facebook Wikio Export PDF Print E-mail

Nepal Rastra Bank (NRB) governor Bijay Nath Bhattarai has said that financial institutions should invest in productive sectors for sustainable development of the banking sector.

While speaking at a program 'Working together to build stable and sustainable financial sector' organized jointly by Financial Institute Employees Union of Nepal (FEUN) and Nepal Bankers' Association (NBA), he also cautioned that imprudent investment of such institutions in non-productive sectors could result in systematic risks for them.

"In the context of World Trade Organization (WTO), the Nepali financial sector should come up with innovative strategies to compete with foreign banks and maintain standards in accordance to it," said Bhattarai.

He also said that the central bank would facilitate innovatively designed ideas of Nepali banking sector.

Speaking on the same occasion, Finance Ministry secretary Rameshwor Khanal urged bankers to invest to develop entrepreneurs rather than promoting certain non-productive sectors.

He also warned that excessive investment into the real estate could pose serious threat to country's financial sector. nepalnews.com

Readers are kindly requested to avoid using offensive language and also refrain from issuing threats to others.

View Comments	Search
As postings are shown online immediately, please be warned of offensive comments

Powered by !JoomlaComment 3.26

3.26 Copyright (C) 2008 Compojoom.com / Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved."