Public deposit should be secured: Governor Nepal

KATHMANDU: Nepal Rastra Bank Governor Chiranjibi Nepal has said that the central bank was committed to ensuring the security of public deposits in banks and financial institutions.

Inaugurating an integrated transaction after the merger between Mega Bank and Tourism Development Bank in Kathmandu today, Governor Nepal said that there was 10 per cent of promoters' fund while 90 per cent of the public in the banks, therefore, public deposits would be made secure.

Nepal also said that the promoters should not misuse public's deposit after exerting pressure on the management. "As a regulatory body, the NRB ensures security of public deposit,' said the Governor.

Similarly, National Planning Commission (NPC) Vice Chair and Tourism Development Bank management committee chair Pushpa Kandel said that the problem might be seen while releasing loan in the interest of management committee.