yuba raj khatiwada : business ethics for a prosperous nepal remarks by dr yuba raj khatiwada, governor of the central bank of nepal, at the programme on “ business ethics for a prosperous nepal ”, organized by the world forum for ethics in business, kathmandu, 17 january 2014. * * * rt. hon ’ ble chairman of council of ministers his holiness sri sri ravi shanker jee, distinguished participants, ladies and gentlemen let me thank the organizers for rendering me the honour to speak on ethics in business amid this high profile gathering in the presence of sri sri ravi shanker jee. as i stand to speak on this topic, we have a question to ourselves as to whether we can really apply in our practical life the words we speak and hear at this event here, and adhere to the noble principles and values raised in this discourse. we understand that business ethics are moral principles that guide the way a business behaves. acting in an ethical way involves distinguishing between “ right ” and “ wrong ” and then making the “ right ” choice. while it is relatively easy to identify unethical business practices, it is not always easy to create similar hard - and - fast definitions of good ethical practice. making money is not unethical, but doing the same in an immoral way is unethical. a business company must make a profit for competitive return to its shareholders ’ capital and treat its customers, employees and other stakeholders fairly. strong returns for shareholders capital should not be achieved at the expense of social, environmental and moral considerations. indeed a business can thrive in the long - term only if it also takes into account the needs of other stakeholders such as governments, employees, suppliers, communities and customers. further, any business should minimize any harm to the environment and work in a way that does not damage the communities in which it operates. in the present day world, many companies maximize profits unethically via unhealthy marketing, slashing employee expenses, lowering product quality or impacting the environment negatively. use of violence, sex, and other unethical means to draw attention to a product or service is an example of unhealthy marketing. such unethical business practices can lead to smeared public relations and a loss of trust and respect to business people from the consumers. distinguished participants, as we have witnessed the birth of new entrepreneurial and so called knowledge based economic age, we have also seen a growing moral and spiritual

maha prasad adhikari : special address - asian banker's association annual general meeting and conference special address by mr maha prasad adhikari, governor of the central bank of nepal ( nepal rastra bank ), at the 39th asian banker's association annual general meeting and conference " asian banking : roadmap for recovery and sustained growth ", kathmandu, 9 november 2023. * * * honourable finance minister, government of nepal, and chief guest of the program dr. prakash sharan mahat mr. eugene s acevedo, chairman, asian bankers association mr sunil kc, president, nepal banker's association distinguished speakers, moderators, and presenters of the conference distinguished foreign delegates, guests, ladies and gentlemen! warm good morning and namaste, it is my great privilege to have the opportunity to address this 39th agm of the asian banker's association and conference, organized with the theme of " asian banking : roadmap for recovery and sustained growth ". this conference is being organised at a time when the global banking system has been facing immense challenges from a global uncertain environment while recovering from the covid - 19 pandemic. the nepalese banking system is also no exception. therefore, this type of event for discussing such issues would be highly beneficial for all of us. my sincere thanks to the asian bankers association for choosing nepal for its 39th agm and also to the nepal banker's association for organizing the conference while hosting the annual general meeting of the asian banker's association. distinguished guests, ladies and gentlemen the global financial system remained resilient even during the covid - 19 crisis but is now facing challenges. the symptoms were seen earlier this year when some banks faced turmoil in advanced economies. data and statistics showed that asian banks were able to show a high degree of resilience during those periods, though the vulnerabilities still exist. since the banking business is directly related to the economic conditions, the banking community faces similar challenges as the global economy. presently the global economy is still'limping along, with growing divergences'as mentioned by the imf's recent world economic outlook. this indicates that the risk of spillover from the global financial to the domestic market is still prevalent. 1 / 4 bis - central bankers'speeches inflation is now moderated in most of the advanced economies but still well above the central bank's targeted level. some emerging markets and developing economies are still facing a higher inflation spiral.