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Kathmandu, Jan 15: The Nepal Rastra Bank (NRB) has unveiled a draft with new standards to manage savings and credit of cooperative organizations with the government issuing a new law relating to cooperative sector management through an ordinance. In order to maintain transparency and balance in the fiscal activities of
President Ramchandra Paudel has issued an ordinance related to cooperatives.
The depositors have sought Rs 7 billion of their deposits from Civil Cooperatives Financial Institution
The Office of the Problematic Cooperative Management Committee has shared that the full deposits of over 6,000 members from the
Prime Minister KP Sharma Oli has said that financial cooperatives will not fail if they are run according to the
The Nepal Rastra Bank (NRB) has presented five-point suggestions to address the problems of problematic financial cooperatives.
The Department of Cooperatives has stated that one person cannot be the director of two or more cooperative institutions at
Ministry of Land Management, Cooperative and Poverty Alleviation has accelerated the campaign to return the savings of depositors in the
Former Finance Minister Dr Yubraj Khatiwada has pointed out the need for second-tier regulation of cooperatives.
The government will also assist in the process of addressing the concerns of the depositors of the financial cooperatives.
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