KATHMANDU, Feb 15: Microfinance Institutions (MFIs) have agreed to return Rs 1.60 billion that they had taken in service charges from their clients concerned.

RUKUM, Nov 28: Finance Minister Janardan Sharma has said that development cannot take place without the support and participation of the people at the project site.

KATHMANDU, Oct 4: Finance Minister Janardan Sharma has urged the microfinance institutions (MFIs) to reduce the existing interest rates on loans. MFOIs across the country have been investing through loans at an interest rate of 10 to 15 percent.

KATHMANDU, Oct 3: Microfinance institutions (MFIs) will now be allowed to provide payment service through electronic means, payment cards and mobile wallet.

KATHMANDU, March 16: Nepal Rastra Bank (NRB) Governor Chiranjibi Nepal has cautioned microfinance institutions (MFIs) about growing anomalies in the sector and against deviating from their service motive of providing financial and banking services in the rural areas at a very low cost.

KATHMANDU, Oct 24: Microfinance institutions (MFIs) have sought permission to mobilize deposit from public after their traditional source of fund is likely to dry up following the new requirement for commercial banks to extend 2 percent of their total loans to deprived sector.

KATHMANDU, Aug 13: Nepal Rastra Bank (NRB) Deputy Governor Chintamani Shiwakoti has said that the central bank would review the provision of 7 percent spread cap on the cost of fund of microfinance institutions only if they feel any difficulty in implementation of the policy.