Nepal's central bank reforms financial institution

Nepal's central bank has worked out a reform program to speed up the reformation of the 121 financial institutions in Nepal that are mired in managerial problems, according to the bank's statement issued on Friday.

The 18-point reform program will help financial institutions to enhance the security to depositors, encourage private-sectors' investment, facilitate flow of financial information, promote the transparency in transaction, adopt a modern and well-managed auditing system, develop mone