Economists and bankers on Friday urged the concerned authorities to take initiatives toward winning confidence of the public as the present crisis seen in the banks and financial institutions (BFIs).
Speaking at the 5th annual general meeting of the Development Bankers' Association, they also worried that they could further lose the public interest towards the BFIs if the problem is not address at the earliest.
On the occasion, Dr. Tilak Rawal, former Governor of the NRB said that the present liquidity crisis witnessed in the BFIs should be addressed by the central bank.
Similarly, Dr. Prakash Chandra Lohani, former Finance Minister, urged the government and the bankers to work together to overcome the crisis to improve the situation.
Lohani also warned that the banks would face the crisis if they failed to adopt measures to win people's confidence and also urged the government and the bankers to introduce special package for the public.
He also urged the political parties to show concern over the present deteriorating condition of the financial activities in the country.
Ram Shanta Shrestha, former president of the Nepal Finance Company Association, also urged the government to introduce special package for the BFIs in the new budget to save them from facing further crisis. nepalnews.com
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