Nepali financial sector will be flooded with additional 33 more ‘D’ class banks within next two years. The monetary policy for fiscal year 2013-14 has announced that all non-government organisations that have been licensed by Nepal Rastra Bank (NRB) for financial intermediation has to become ‘D’ class financial institutions – that is microfinance development bank – by the end of fiscal year 2014-15. Read More....