Monetary policy is also coming up in the near future. Discussions are underway on various aspects related to it in different places.

Now the number one is the current state of the economy, the state of investment, the liquidity situation with the banks, as if the borrower does not want to take the loan, not only that, on the one hand, we are talking about the conflict of interest of bankers versus boroughs. On the other hand, there are no people who buy promoter shares for less than Rs 100. Another picture is that it clearly shows the investors’ desire to invest in the bank, the bank’s shares. Yesterday, a friend asked me if I was ready to give a share of Rs 100 in the bank for Rs 40.

My opinion about bankers vs investors is that if an industrialist is in a bank, if he is investing in the bank, he should understand that he does not take money for himself from there. What are the current provisions of the Rastra Bank? What is the role of a debtor? What kind of rules do the banks have to follow? The process has to be completed.

There is no need to be an investor if you want to manipulate, if you want to break the rules, if you want to find legal loopholes. There is not a single penny of share in the policy sector, but everyone knows about the institutions that are boring and landing on the basis of the most corruption and most manipulation.

How can the role between management, board and shareholders be defined?

The chairman of the bank is a business person. Directors are also professionals. Some banks also have the mentality to stay on their own. Running a bank is the job of a business person. If the management of the bank does a good job, if the board does a good job, then the investor’s interest automatically accepts all the provisions related to the policy lending of the bank, then there will be no deflection.

I think Bafia has to make a lot of arrangements for this. This draft has been stuck in the middle of various processes for almost two years. During these two years, many changes, the financing sector has been reformed.

Will BAFIA make Nepal’s banking sector competitive in a regional and international contest at a new level at a new height? What do banks need to open their doors to make it competitive? Which doors are closed should be opened? You have to pay attention to that.

Now we have a governor who understands the economy, including banking, around the world. He should look at Bafia from a new perspective. For that, send this bafia back to the Rastra Bank once. Even if it reaches the Finance Ministry through the Rastra Bank, it should be looked at in a new way. In the course of its revision, the revisionists also need to look into it. We need to discuss and look at it as a whole.

Once upon a time, the more branches were grown, the bigger the bank. The less branches are considered good now. Now the era of branchless banking and digital banking has come. Not every bank has a global discount to become a digital bank. Is there a single digital bank or should all banks be made digital banks? Whether the banks of Nepal should be allowed to go outside Nepal or they should be made mandatory to stay only inside Nepal.

Now a new idea has been introduced that Nepalis will go out of Nepal and invest. In Australia, Malaysia, middle eastern countries where there is a large presence of Nepalis, banks in Nepal should open branches and mobilize Nepali capital. Nepali Bank is the first choice bank of Nepalis living there. Bafia should also cover this issue.

Now my request to Governor Saab, the current economic and investment environment, the attitude towards the private sector, all these things have been seen. In this case, there should be a Major Transfer Monetary Policy. Bafia is the one who supports the monetary policy.

Now you have to stop in the place where you have to stop. Now bafia should be rewritten looking at the new, current situation.

(Excerpts from the speech made by lawmaker Binod Chaudhary at the finance committee meeting on the bill to amend the Banks and Financial Institutions Act, 2073 (BAFIA)