Nepal Rastra Bank (NRB) has clarified that there isn't any liquidity crunch in the finance market.
Addressing a programme organised in the Capital today by Nepal Bankers’ Association, Deputy Governor Chinta Mani Siwakoti said there will be Rs 30 billion that could be invested in the market. “It does not mean big development projects lack adequate money for investment, there is however not a proper treating of such money,” he announced.
Calling for increasing saving account interest rate to draw as much as deposit, he stressed the require for banks and financial institutions to invest in the sector that would increase production.
President of the Federation of Nepalese Chamber of Commerce and Industry Pashupati Murarka said the non-public sector remaining as a promoter of country’s economic development was facing problems to obtain loans. Banks and finances have failed to disburse loan sufficiently, he said, calling on them not strengthen interest rate carelessly.
Association President Anil Keshari Shah said banks and finances did not have sufficient budget to devote to huge
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