Also, the growth of this sector has remained lopsided, as many still do not have access to finance due to low financial literacy rate. 11.
Safe, sound and self-regulated BFIs, transparent and consumer friendly banking transactions, adoption of international best prudential norms and best supervisory practices, mitigation of the systemic risks through advanced approach of supervision, and ultimately safeguarding financial stability have always been the prime aims of Nepal Rastra Bank as a regulator and supervisor. 12. NRB has taken a number of initiatives to consolidate the financial system.