KATHMANDU, August 4: National Cooperative Bank Limited (NCBL) has established a liquidity management fund of Rs 3 billion in a bid to provide support to cooperatives that face the problem of liquidity shortage.

NCBL Chairman KB Upreti said the board meeting of the bank held on Thursday decided to create the fund. According to him, a number of cooperatives working in close partnership  with the banks and financial institutions have started facing financial problems at present.

In order to address the current problem of liquidity in cooperatives, the NCBL has also formed a ‘Problematic Cooperatives Management Taskforce’ to coordinate with the cooperatives concerned in all seven provinces. The Taskforce is led by the NCBL Board member Ram Hari Bajgain and has the bank’s CEO Badri Kumar Guragain as a member.

 
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