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Bank Restructuring in Nepal: Analysis of the Causes of Apparent Financial Difficulties of the Rastriya Banijya Bank
Working paper, Research brief
Peter Rymaszewski
February 1994 |
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At present there are seven banks operating in Nepal. It is expected by the Rastra authorities that in the near fkture few new joint ventures will be set up. The largest two banks are the Nepal Bank Limited (52% owned bv the government) and the Rastriya Banijya Bank (100% owned by the government). The regkting authority over the entire banking sector is Nepal Rastra Bank which is placed, in the supervisory organisational structure, below the Minister of Finance. The main sector regulatory departments are Banking Operations Department(responsible for banking regulation) and Bank Supervision Department (responsible for bank examination).
Extensive interviews with the government officials responsible for the financial sector and representatives of the banking communi~. and the analysis of the somewhat outdated reports prepared by the US firm of Booze Allen test@ to the difficult situation of the Rastriya Banijya Bank in particular and the banking sector control in general. |
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| Last updated on: 12/20/2006 |
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