Curb Lending to Unproductive Sector, says Governor Adhikari

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Curb Lending to Unproductive Sector, says Governor Adhikari

March 17:  Governor of Nepal Rastra Bank, Maha Prasad Adhikari, emphasized the crucial role of the banking and financial sector in driving investment towards productive sectors to bolster the nation's economy. Adhikari highlighted that monetary and financial policies have been tailored to support sectors that contribute to productive investment and economic expansion.

Speaking at the 'RBBL Management Conference 2024' organized by Rastriya Banijya Bank, Governor Adhikari underscored the importance of aligning banking activities with national interests and fostering production growth.

Governor Adhikari also shed light on the importance of regulatory bodies providing sectoral loans to incentivize investment in productive sectors. He emphasized the banking sector's responsibility in warding off threats from various sectors and stressed the significance of integrity and accountability in banking operations.

Regarding long-term and sustainable investment in green infrastructure, Governor Adhikari emphasized its priority for Nepal, urging banks and financial institutions to prioritize such investments.

Adhikari noted that the contributions made by banks and financial institutions have played a significant role in driving the country's economic expansion. Furthermore, Governor Adhikari urged banks to exercise vigilance in the face of natural disasters and crises when making investment decisions.

Assessing the financial performance of RBBL, Governor Adhikari acknowledged the bank's resilience and competitiveness in the market despite significant fluctuations in past years. He emphasized that, as a government-owned financial institution, RBBL is currently financially robust.

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