He also said the central bank would restrict such financial institutions to collect deposits and issue loans to those financial institutions if they failed to improve their financial health. Bhattarai also vowed to go ahead with strong measures to minimize the existing malpractices seen in the financial sector.
Speaking at an interaction with the newly elected office-bearers of Society of Economic Journalists of Nepal (SEJON) here on Sunday, Bhattarai said he would reactivate the Financial Reform Committee to bring about reforms in the sector.
"We will recall Binod Atrayaya, director of Nepal Bank Limited (NBL), to the central bank, to end conflict of interest at the NBL," Bhattarai said.
NIDCL gets new chief
KATHMANDU, Aug 9: The government has appointed Shivaji Ray Yadav as the general manager of Nepal Industrial Development Corporation Limited (NIDCL).
The post of the chief at the financial intermediary, which extends financial and technical support for establishment and expansion of industries, had been vacant ever since Krishna Acharya stepped down a few days ago.
Acharya was appointed by the coalition government led by Unified Communist Party of Nepal (Maoist), which collapsed in May this year.
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