Monetary Policy to be announced on Wednesday ; Possibilities for merger of regional BFIs and MFIs
As per the sources, the monetary policy for the fy 2075/76 is set to be announced on wednesday.
If rumors are to be believed, the central bank is planning to bring policy so as to merge the regional banks (Development banks and finance companies) and microfinance companies as per their province. The merger of the small entities will not only make them bigger in terms of capital and work area but also increase their risk absorption capacity.
At the time when market has already created a lot of rumors regarding the upcoming monetary policy, the above mentioned policy has higher possibilities says some sources. This policy could be beneficial for the companies as it can increase their competitiveness.