Banks in black

KATHMANDU: The condition of banks in Nepal is good, said speakers at a programme here on Saturday. At the event organised by Mirmire Media Club, people involved in the banking sector pooh-poohed rumours that financial institutions in the country are becoming ‘bankrupt’. Nepal Rastra Bank (NRB) former governor Deependra Bahadur Chhetri said monetary policy had become a failure due to the government and that the country’s economic condition was worsening as the budget was not passed on time. NRB executive director Mahaprasad Adhikari sought to allay misgivings that Nepali banks have excessive investment in the real estate sector.