Summary and Conclusion:
Banking sector helps in the economic development of any country. In a country like Nepal, where the economic growth rate is very low, commercial banks have played an important role to increase this rate. They give certain percentage of interest to the depositors and lends by receiving certain percentage of interest. Always, the percentage of lending is higher than the percentage of receiving funds. This is how banks make profits. Commercial banks have also helped to increase the living standard of the people by doing retail banking.
However, in the context of Nepal, the Nepalese economy has been facing various problems for the last several years; this could be due to unstable political as well as economical environment. Maoist’s insurgency as a result banking sector is becoming more and more challenging.
No comments:
Post a Comment