Kathmandu, July 8
President Bidya Devi Bhandari has laid the foundation stone to Nepal Rastra Bank (NRB) Central Office’s building at Baluwatar in Kathmandu on Monday.
NRB is constructing a new building after the old one was badly damaged by the 2015 earthquake. According to the NRB, the new building will be modern and cost around Rs 2 billion to construct. The estimated time of completing is two years.
“The new building of this bank which carries a rich legacy should stand out among the overall banking system a reflection of a perfect blend of modern as well as traditional structure,” added President Bhandari.
Stating that NRB had been an effective monetary, regulatory and supervisory authority of the banks and financial institutions in the country, President Bhandari added that the building should be completed on time.
The building is going to be built using the budget released by the National Reconstruction Authority’s (NRA) central implementation unit.
