Agricultural credit is important for the development of Nepal. This is because Nepalese economy depends heavily on agriculture. Loan to agricultural by commercial banks decreased by 1.25% over previous month. […]
Agricultural credit is important for the development of Nepal. This is because Nepalese economy depends heavily on agriculture.
Loan to agricultural by commercial banks decreased by 1.25% over previous month. However, growth in credit by 2.58%. This led to significant decrease in ratio of agricultural loan to total loan to 7.7% this month from previous month’s 8%. This ratio further worsens if we take out Agricultural Development Bank from the basket. Commercial banks are at the level way below statutory requirement since they need to maintain this ratio as 10% by mid July 2019.
LD Mahat is a Chartered Accountant, Financial Adviser and Risk Management Specialist possessing over 29 years of diverse experience across several sectors covering a wide spectrum of assurance, business advisory and taxation disciplines. LD is a committed, highly motivated and result-oriented professional, consistently developing and nurturing client relationship and building long-lasting relationships with diverse clients. He has the ability to define issues, propose customized solutions that significantly add value and contribute to client’s success.
LD has got master’s in risk management form New York University, Stern Business School. He has undergone executive education at Harvard Business School and Insead Business School. He was risk management specialist in several Asian Development Bank Funded projects. He has provided risk management advisory services in various Nepalese corporate sectors.
LD has worked on large projects jointly with big 4 international accounting firms ~ PwC, Deloittee, Ernst & Young and KPMG in the field of Assurance, Diagnostic Review, Capacity Building, e-Government Procurement, e-Governance, Special Review, Investment Climate, and IFRS Implementation.
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