KATHMANDU, April 16 -- The central bank points out banks involvement in rampant lending and lacking effective measures to mitigate systemic and operational risks

Commercial banks of Nepal have been found not following the good governance practices in their day-to-day operation, according to the Nepal Rastra Bank (NRB). This has created serious risks in the long-term financial health of the intermediaries.

NRB in its 'Bank Supervision Report 2022/23' unveiled on Sunday highlighted numerous systemic flaws in the operation of the businesses by a number of commercial banks. Every year, the central bank conducts the study of the country's class 'A' financial institutions by carrying out investigations on the policy reviews and operational is...