NRB has 10 tons of gold in reserves

November 3, 2016 00:20 am

KATHMANDU, Nov 3: Can you guess how much gold does the Nepal Rastra Bank (NRB) actually have? Leave along general public, even bankers cannot estimate the quantity of gold held by the central bank.

KATHMANDU, Oct 26: Nepal Rastra Bank (NRB) has provided Rs 1.99 billion worth of refinance facility over the first two months of the Fiscal Year 2016/17, up from Rs 670 million in the corresponding period of last fiscal year.

KATHMANDU, Oct 18: Taking exception over changes made by the Ministry of Finance (MoF), Nepal Rastra Bank (NRB) Governor Chiranjibi Nepal has urged the parliament to endorse the first draft of amendments made to the Bank and Financial Institution Act (BAFIA) bill instead of its present form.

KATHMANDU, Oct 2: The Nepal Rastra Bank (NRB) has started distributing new banknotes to general public for the Dashain festival from Sunday.

KATHMANDU, Sept 27: Nearly 52.1 percent of Nepali migrant workers still rely on informal channel like local landlords and traders for loans to finance their foreign employment trip, requiring them to allocate a major chunk of their earnings for the repayment.

NRB starts issuing new banknotes to BFIs

September 26, 2016 00:10 am

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

KATHMANDU, Sept 13: Nepal Rastra Bank (NRB) has simplified the process for foreign nationals to get foreign exchange service for repatriating their income to their home country.

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 6: Nepal Rastra Bank (NRB) has said that general public can exchange new bank notes for the major festivals from October 2.

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 31: Bank and financial institutions (BFIs) disbursed loans worth Rs 78.79 billion to the agriculture sector in the last fiscal year.

KATHMANDU, Aug 15: Nepal Rastra Bank (NRB) has increased the ceiling of payment that importers can make through draft or telegraphic transfer (TT) system to US$ 50,000, up from $40,000.

KATHMANDU, Aug 8: Nepal Rastra Bank (NRB) has raised the maximum limit that a Nepali with a foreign exchange account in Nepali banks can spend in a year to the equivalent of US$ 15,000.

KATHMANDU, Aug 2: Nepal Rastra Bank (NRB) has set a ceiling of 2 percent on penal interest that bank and financial institutions (BFIs) charge their borrowers if they miss loan payment.

KATHMANDU, July 14 In a bid to tighten the flow of finance from the banking sector to the stock market, Nepal Rastra Bank (NRB) has revised the policy to float loans of banks and financial institutions (BFIs) against the shares pledge. Issuing the monetary policy for the fiscal year 2016/17 today, NRB Governor Chiranjibi Nepal announced the revision on the valuation of the shares which banks accept as collateral to float their loans.

KATHMANDU, July 14: Nepal Rastra Bank (NRB) is likely to backtrack from its preparation to restrict flow of fund to the share market from the bank and financial institutions (BFIs) following sudden fall in price of securities in the last two days.

KATHMANDU, June 25: The Nepal Rastra Bank is issuing NRB bond worth Rs 10 billion in the market on Sunday.

KATHMANDU, June 21: An eight-year saga finally ended on Monday after a US court ruled in favor of NRB which will now be able to access the $ 1 million from its New York account that had been frozen in 2010.

KATHMANDU, June 17: While investors keep saying that investing in infrastructure in Nepal is challenging, the central bank governor says that the country is profitable to invest in as there aren’t enough and stringent laws and regulations here.