Nepal Rastra Bank, the central bank, introduced Monetary Policy for Fiscal Year 2016-17 last week. Rupak D Sharma of The Himalayan Times caught up with Bhuvan Kumar Dahal, CEO of Sanima Bank and member of Nepal Bankers’ Association, to get an insight into how provisions laid in the policy would affect banks and financial institutions. Nepal Rastra Bank has come up with a contractionary monetary policy. How will it affect banks and financial institutions? The Monetary Policy looks contractionary (because money supply growth target for the current fiscal year has been fixed at 17 per cent to contain inflation at 7.5 per cent). But to meet the money supply growth target, NRB has not revised...
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