Kathmandu. KATHMANDU: Nepal Bankers’ Association (NBA) has called for an amendment to the Bank and Financial Institutions Act to allow the unsold non-banking assets to be leased out. The NRNA has demanded this by preparing a recommendation to the Nepal Rastra Bank for the monetary policy for the coming fiscal year.
The association has also said that directed loans should be implemented in the health and education sectors.
The association has demanded that health and education sectors should also be included in the priority sectors determined by the Nepal Rastra Bank.
Likewise, it has said that initiatives should be taken to amend the Bank and Financial Institutions Act to allow the leasing of non-banking assets accumulated in banks but not sold.
The Bankers’ Association has also given priority to the issue of banks opening branches abroad. The association has said that the provision of bad loans and risk of 5 percent fixed for opening branches abroad should be amended keeping in view the current situation.
The Sangh has also shown interest in the centralized KYC system that has been raised for a long time. The association has demanded that the centralized KYC system be fully implemented to end the hassle of customers submitting details to different banks time and again.
Similarly, bankers have demanded that a common platform should be created between the police and banks to exchange information to protect customers from the increasing digital frauds in recent times.
