Nepal Rastra Bank Put your act together ...

The central bank governor urged the business community and the general public to save their money in the bank account to ease up the liquidity crisis and lower the interest rates .Same day, Nepal Rastra Bank rejected the request submitted by Nabil Bank and Kumari Bank to setup and manage mutual funds.Nepal Rastra Bank decision to reject the request of the two commercial banks acts as an contradictory to governor’s request to the general public to increase deposit in the commercial banks.

• Mutual funds can attract capital from FII and remittances
  
• Mutual Fund is a perfect platform for the small investors who have capital but lack time,knowledge and skills to invest in capital market.
• Mutual funds can be a vital financial instrument/product to inject capital into the private sector...