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 Nepal Rastra Bank (NRB) has announced the monetary policy for the fiscal year 2083/84 BS on July 7.
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.
The policy of the central bank is to gradually implement regulatory provisions to encourage banks, financial institutions and non-bank financial institutions to expand their services in the targeted areas after completing the ongoing study on the classification of banks and financial institutions.
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