BFIs are now also allowed tapping into CSR fund for the treatment of employees infected with Covid-19

KATHMANDU, July 12: Banks and financial institutions (BFIs) have blacklisted more than 300 individuals and firms just in the past three weeks of the last month of the current fiscal year.

KATHMANDU, April 29: Nepal Rastra Bank (NRB) has directed the banks and financial institutions to provide a two percent discount on the interest rate to minimize the impact of COVID-19 on borrowers.

KATHMANDU, March 26: Nepal Rastra Bank (NRB) has issued a nine-point circular to all bank and financial institutions (BFIs) outlining service measures that they have to embrace in the wake of the lockdown imposed by the government to combat the COVID-19 pandemic.

KATHMANDU, March 23: Issuing a circular on Sunday, the Nepal Rastra Bank (NRB), has asked all types of banks and financial institutions (BFIs) to continue with the banking services with necessary precautions. “As the government has defined banking business under the very essential services, the central bank has sought the BFIs to carry on with their services as usual,” said Gunakar Bhatta, spokesperson of the NRB.

KATHMANDU, Dec 25: Bank and financial institutions (BFIs) must now factor in regular income of borrowers while floating personal-type loans, housing loans and hire purchase loans.

KATHMANDU, Dec 24: Minister for Culture, Tourism and Civil Aviation, Yogesh Bhattarai has urged bankers and head of financial institutions to support and participate in 'Visit Nepal Year (VNY) 2020' campaign.

KATHMANDU, Oct 31: The shortage of lendable fund in bank and financial institutions (BFIs) and their competition to get hold of longer-term money has altered the composition of deposits in the banking system.

KATHMANDU, Sept 14: Board directors in bank and financial institutions (BFIs) will not be allowed to get appointed, elected or nominated for more than two continuous terms if the new bill to amend the Bank and Financial Institution Act, 2017 (BAFIA) tabled in the parliament is endorsed.

KATHMANDU, Aug 6: Nepal Rastra Bank (NRB) has set age bar for chief executive officers (CEOs) and board directors of bank and financial institutions (BFIs).

KATHMANDU, May 14: Nepal Rastra Bank (NRB) has introduced two measures for bank and financial institutions (BFIs) to prevent unhealthy competition among them to collect fixed deposits.

KATHMANDU, Nov 29: Nepal Rastra Bank (NRB) has taken a flexible policy for commercial banks in terms of calculation of their prudential lending limit known as credit to capital plus deposit ratio (CCD), amid a shortage of lendable fund in the banking system.

KATHMANDU, Feb 13: About a dozen under-construction hydropower projects, which were expected to complete within next 12 months, have started suffering fund crunch as bank and financial institutions (BFIs) have stopped releasing committed loans to these projects.

KATHMANDU, Dec 27: Nepal Rastra Bank (NRB) has made it mandatory for bank and financial institutions (BFIs) to seek approval of the central bank before accepting any prize or award from foreign agency.

KATHMANDU, Sept 7: After tightening lending toward stock market for nearly six months, bank and financial institutions (BFIs) are now resuming margin lending to lure the stock market investors. Some BFIs have even published notice to attract investors for share loans with schemes.

KATHMANDU, Aug 8: Lending of bank and financial institutions (BFIs) to the agriculture sector has gone up by 12.6 percent in the eleven months of the last fiscal year 2016/17. With the loans and advances growing up by Rs 9.94 billion on agriculture sector, the total outstanding credit of the BFIs stood at Rs 88.73 billion. The growth rate of lending, however, is lower than the credit growth of the BFIs in this sector of the corresponding period of the previous fiscal year 2015/16.

KATHMANDU, July 27: The new minimum paid-up capital requirement for bank and financial institutions (BFIs) gave the impetus to go for mergers and acquisitions.

KATHMANDU, July 24: Nepal Rastra Bank (NRB) has introduced a new rule, barring elected officials of local units, provinces and central level froming becoming board director of bank and financial institutions (BFIs).

POKAHRA, July 16: At a time when the government is gradually decentralizing its functions under the federal structure, banks and financial institutes (BFIs) in Pokhara are setting up their head offices in Kathmandu.

KATHMANDU, May 13: Nepal Rastriya Bank (NRB) has directed banks and financial institutions (BFIs) to implement oath-taking provisions as stated in the Banks and Financial Institutions Act (BAFIA), 2016.

KATHMANDU, May 2: Nepal Rasta Bank (NRB) has been soaking liquidity from the bank and financial institutions (BFIs), even though the latter say that they are facing hard time to find lendable funds.

KATHMANDU, April 27: Grappled with shortage of lendable funds, bank and financial institutions (BFIs) have tweaked their credit expansion strategy.

KATHMANDU, Feb 22: As the banking industry grapples with the mismatch in deposit and credit growth that have causing shortage of lendable fund, the Nepal Rastra Bank has come up with some relaxations to the BFIs which will free up some funds for them to float as loans.

KATHMANDU, Feb 13: Nepal Stock Exchange (Nepse) index plunged 43.73 points, or 3.37 percent, on Sunday to close at 1,252.5 points.

KATHMANDU, Feb 9: Concluding that the banks and financial institutions (BFIs) are perpetuating anomalies in the financial sector, Nepal Rastra Bank (NRB) has instructed them to abide by self-regulation before the central bank takes stern action against them.

KATHMANDU, Feb 7: Nepal Rastra Bank (NRB) Governor Chiranjibi Nepal has said that the present mismatch between deposit collection and loan mobilization was because of the lack of financial discipline in bank and financial institutions (BFIs).

KATHMANDU, Feb 11: Bankers have lamented the inaction of Nepal Rastra Bank (NRB) toward addressing the existing problem of credit crunch.

KATHMANDU, Jan 30: Nepal Rastra Bank (NRB) has made it mandatory for bank and financial institutions (BFIs) to set up a corporate social responsibility (CSR) fund and allocate at least 1 percent of their total net profit in the fund.

KATHMANDU, Jan 23: Bank and financial institutions (BFIs) will be now required to spend at least 3 percent of their total staff expenses on their training and capacity development.

KATHMANDU, Jan 10: As banks and financial institutions (BFIs) up their  'aggressive' lending, Nepal Rastra Bank (NRB) has taken a cautious strategy of tightening liquidity (loan-able funds) to curb any lending binge, particularly in unproductive sectors.

DHANKUTA, Jan 7: Nepal Rastra Bank (NRB) Governor Dr Chiranjibi Nepal has urged the banks and financial institutes (BFIs) to refrain from intimidating the public and work in the spirit of service.

KATHMANDU, Dec 29: The government has amended the working procedure of Economic Rehabilitation Fund, allowing bank and financial institutions (BFIs) to seek new applications from industrialists and entrepreneurs who uncured loss due to unofficial economic blockade imposed by India and the unrest in Tarai districts last year.

KATHMANDU, Nov 18: Nabil Bank has been honored by Inland Revenue Department (IRD) for paying highest amount of tax amongst bank and financial institutions (BFIs).

KATHMANDU, Nov 12: The Nepal Stock Exchange (Nepse) index nosedived 51.95 points this week to close at 1,697.17 points on Thursday--the last trading day of the week.

KATHMANDU, Nov 3: Bank and financial institutions (BFIs) have extended Rs 4.52 billion worth of loans to service sector in the first two months of the current Fiscal Year 2016/17.

KATHMANDU, Sept 26: Nepal Rastra Bank (NRB) has started circulating new banknotes for the upcoming festive season to the public from Sunday.

MYAGDI, Sept 15: Banking industry in Myagdi is confronting the problem of multiple banking, thanks to unhealthy competition among bank and financial institutions (BFIs).

KATHMANDU, Sept 9: Alarmed by the rising cases of merger and acquisition (M&A) process of bank and financial institutions (BFIs) collapsing midway, Nepal Rastra Bank (NRB) has introduced new measures of taking action against such BFIs or their directors if they do not implement merger or acquisition plan within a stipulated timeframe.

KATHMANDU, Sept 1: The Parliament on Thursday endorsed the amendment bill on Nepal Rastra Bank Act, 2058, restricting officials of Nepal Rastra Bank (NRB) from joining bank and financial institutions (BFIs) for a certain period.

KATHMANDU, Aug 18: Bankers have said that bank and financial institutions (BFIs) should be more vigilant as banking industry has seen a rise in cyber crimes in recent years.

POKHARA, Aug 16: Amid skyrocketing land and housing prices, bank and financial institutions in Pokhara have started tightening loan flow to realty sector fearing further risks.

KATHMANDU, July 30: At a time when the government and the Nepal Rastra Bank (NRB) have been encouraging bank and financial institutions (BFIs) to increase lending in agriculture sector, growth rate of such loans is falling.

KATHMANDU, July 8: Growing concentration of branch offices of bank and financial institutions (BFIs) in urban and semi-urban areas is making the government's objective of financial inclusiveness and access to finance for all unachievable.