Banking News – As he prepares to leave office, Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari stated that financial sector irregularities have been significantly reduced during his five-year tenure. Speaking at a farewell press conference, he highlighted key policy initiatives, including the preparation of a draft for the establishment of an asset management company.

“In the past five years, Nepal Rastra Bank has formulated 11 policies, 9 frameworks, 18 guidelines, 11 directives, 7 manuals, and 41 internal operational procedures,” he said. “Technology has been integrated into banking operations to enhance transparency.”

Governor Adhikari also acknowledged the banking sector’s resilience, noting that banks continued to provide responsible financial services even in challenging situations. He emphasized that monetary policies were modernized during his tenure, improving liquidity management. Additionally, he stated that the implementation of a standing deposit facility has strengthened the interest rate corridor’s effectiveness.