By TRN Online, Kathmandu, May 2: The government has announced that it will implement second financial sector development strategy.
President Ramchandra Paudel said to while presenting the government policy and programme for the fiscal year 2025/26 at the joint meeting of the federal parliament today.
In addition, it is said that an assest management company will be establised to manage non-banking assets and non-performing loans of banks and financial institutions.
Also, information technology infrastucture will be expanded to develop digital economy and increase cashless financial transaction.