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    Nepal Breaking NewsEconomy | FinanceBanks' CSR activities are centralised in Bagmati Province, according to an NRB...

    Banks’ CSR activities are centralised in Bagmati Province, according to an NRB study.

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    According to a study undertaken by Nepal Bank (NRB), bank CSR operations are centralised Province and not evenly disseminated around the country.

    Province, banks have been found to spend more over two-thirds of their funds (67%) on CSR.

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    banks must spend a least of 10% of their CSR funds each province, according to the central bank. In the fiscal year 2076/77, however, other provinces received less than 10% of the CSR budget, with the exception of Province.

    Karnali Province has the least amount of bank spending out of the seven provinces (3.56 percent of CSR).

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    The executive director of the Nepal Bank, Prakash Kumar Shrestha, stated that banks’ CSR distribution is observed prioritising the Bagmati province solely, and that the uneven distribution of CSR funds throughout provinces will be checked.


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