Banking

Banking industry in Nepal : Nepalese banking industry has significant changes over past decades as a result of liberalization, deregulation, advances in information technology and globalization. The financial sector liberalization resulted into entry of new firms in the market; deregulation widened the scope of activities and delimited the banking activities; advancement in technology resulted into new ways and tools to perform banking activities; and globalization added more pressure on competitiveness of individual banks. Moreover, the banks, nowadays, are entering into non-banking markets and other financial institutions are entering into the banking markets that have traditionally been served by the banks.

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