Prime Minister Pushpa Kamal Dahal Prachanda/File Photo
KATHMANDU: Prime Minister Pushpa Kamal Dahal ‘Prachanda’ has vowed to hold a comprehensive review meeting to address the problems seen in banks and financial institutions sector by dealing with them in the form of a package.
He said that monitoring and regulation of banks and financial institutions is necessary.
Microfinance did perform a very good job with easy and simple loans particularly in rural settings, but since people have raised questions about them there is a need to formulate a policy after a comprehensive review of these matters, he said.
Prime Minister Dahal said he was thinking about holding a comprehensive review meeting of banks, financial institutions and cooperatives in a few days to identify and solve the problems in this sector.
The Prime Minister stressed that the cooperatives board should regularly monitor and facilitate solution of the problems seen in the cooperatives sector.