Government Establishing Asset Management Company

In response to the escalating challenge of increasing non-performing loans (NPLs) within the banking and financial industry, the government has declared the formation of an Asset Management Company.

Finance Minister Bishnu Prasad Paudel disclosed this initiative while unveiling the budget for the forthcoming fiscal year in the federal parliament. This company will be responsible for overseeing the management of distressed loans from banks and financial institutions, with the objective of fortifying financial stability and boosting credit flow within the economy.