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, Mar 4: The Nepal Rastra Bank (NRB) has softened its lending limit for first-time homebuyers giving respite to the manufacturers of construction materials that have been running in under capacity.

KATHMANDU, Mar 2: Lawmakers on Sunday urged the government to remove the clause in the proposed bill of Nepal Rastra Bank (NRB) Act that will affect adversely the autonomy of the central bank.

KATHMANDU, Feb 1: Nepal Rastra Bank (NRB) has announced that it will take action against those making or receiving international payments for advertisements on the internet and in social media like Facebook, Twitter and YouTube as well as online portals.

KATHMANDU, Jan 17: The government has backed off from its move to remove Nepal Rastra Bank’s Deputy Governor Shiba Raj Shrestha from his post.

KATHMANDU, Nov 29: The Nepal Rastra Bank (NRB) has instructed commercial banks to disburse interest-subsidized loans to at least 500 borrowers by mid-July 2020.

Open up for business

November 14, 2019 08:58 am

Government should facilitate the investors, rather than adding one after another hassle

KATHMANDU, Nov 13: Minister for Finance Dr Yubraj Khatiwada has instructed the Nepal Rastra Bank (NRB) to make necessary arrangements to establish banks at all local levels at the earliest.

KATHMANDU, Nov 11: The Nepal Rastra Bank has warned of taking stern action against the bank and financial institutions if they fail to  make contribution to the country's economic development.

KATHMANDU, Nov 11: With the Nepal Rastra Bank (NRB) halting foreign exchange facility to various businesses since the past few months, many firms, especially those with foreign investments, are facing difficulty in making payments to their suppliers for the purchase, repair or renewal of their software programs bought from international companies.

Government move, apparently aimed at firing Shiba Raj Shrestha, follows a request from DoMLI over a money laundering offense

KATHMANDU, Nov 4: Nepal Rastra Bank’s board meeting held this morning has formed an inquiry committee to probe into allegations made against the central bank’s deputy governor Shiba Raj Shrestha.

KATHMANDU, Sept 27: Small and medium enterprises (SMEs) in Nepal have been largely relying on the ancestral property of their proprietors for the initial investment to start their businesses, according to the latest study report of the Nepal Rastra Bank (NRB).

Rise in prices of consumable goods, labor costs and Indian inflation pushed prices up: NRB

KATHMANDU, Sept 20: Nepal Rastra Bank (NRB) is providing exchange facility for crisp banknotes for the Dashain festival from September 27.

KATHMANDU, Aug 14: The Supreme Court has stayed a new rule issued by the Nepal Rastra Bank (NRB) on setting the age bar for the chief executive officer (CEOs) of bank and financial institutions (BFIs).

KATHMANDU, Aug 13: Supreme Court has stayed Nepal Rastra Bank’s recent decision to set an age bar for chief executive officers (CEOs) and board directors of the bank and financial institutions (BFIs).

KATHMANDU, Aug 9: Nepal Rastra Bank (NRB) has promoted its Director Bam Bahadur Mishra to the post of the Executive Director.

KATHMANDU, Aug 8: Nepal Bankers Association (NBA) has warned that some of the provisions in the recent circular of the Nepal Rastra Bank could have an adverse impact on the banking sector and the overall economy.

KATHMANDU, Aug 7: Nepal Rastra Bank (NRB) has revised a formula to calculate spread that a bank must maintain between their deposits and lending rates.

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, Aug 4: The country's external sector position is likely to worsen in the current fiscal year 2019/20 as Nepal Rastra Bank (NRB) has focused on supporting the government's growth target rather than the stability of price and balance of payment (BoP).

KATHMANDU, July 26: Commercial banks will have to float nearly Rs 62 billion worth of debentures in the current fiscal year to meet the new requirement introduced by the Nepal Rastra Bank (NRB) through its monetary policy.

KATHMANDU, July 25: Nepal Rastra Bank (NRB) has introduced its monetary policy for the new fiscal year 2019/20, focusing on making liquidity management more efficient and maintaining interest rate stability.

KATHMANDU, July 24: Nepal Rastra Bank has made mandatory provision to possess PAN number for those seeking loans above Rs 5 million.

KATHMANDU, July 20: Inflation, which has long remained subdued, has started to soar suddenly in the last months of the last Fiscal Year 2018/19.

KATHMANDU, July 18: Nepal Rastra Bank (NRB) Governor Chiranjibi Nepal has put mergers of banks and financial institutions (BFIs) high on his agenda as the central bank prepares to unveil its monetary policy for fiscal year 2019/20.

KATHMANDU, July 17: Nepal Rastra Bank (NRB) is offloading its shares in Nepal Stock Exchange Ltd (Nepse). Issuing a notice on Tuesday, the central bank said that it was divesting its stake in the country’s only stock exchange company.

NRB selling its NEPSE share

July 16, 2019 14:45 pm

KATHMANDU, July 16: Nepal Rastra Bank (NRB), is pulling out its investment in the Nepal Stock Exchange (NEPSE) Limited.

KATHMANDU, July 16: Nepal Rastra Bank (NRB) has extended the deadline for the repayment of principal, interest and installment of loans by an additional 15 days.

KATHMANDU, July 5: In line with the recent instruction of Nepal Rastra Bank Governor Chiranjivi Nepal, Global IME Bank and Janata Bank have signed a memorandum of understanding (MoU) on Friday to go into the merger.

KATHMANDU, July 5: Seven commercial banks have submitted their written commitment to the Nepal Rastra Bank (NRB) for merger in line with recent instruction of Governor Chiranjibi Nepal.

KATHMANDU, June 30: Though it has been over two years since the country went into a federal structure, 23 local units are still devoid of a bank branch.

KATHMANDU, June 28: Nepal Rastra Bank (NRB) has sought commitments from the commercial banks for their readiness to go for 'big' merger and acquisition (M&A) in line with the announcement made in the budget speech for the upcoming fiscal year 2019/20.

KATHMANDU, June 21: The price of gold has soared to a record high in Nepal in line with the spike in the price of the yellow metal in international markets.

Remittance up by 20 %

June 19, 2019 19:30 pm

KATHMANDU, June 19: Despite the declining number of people leaving for foreign jobs, the remittance into the country has increased by 20 percent, according to Nepal Rastra Bank report.

KATHMANDU, June 9: Minister for Finance, Yuba Raj Khatiwada, has said that the Securities Board of Nepal (Sebon) should not function under the shadow of Nepal Rastra Bank (NRB).

KATHMANDU, May 22: Inflation has moderated to 4.4 percent in the ninth month of the current fiscal year 2018/19 from 5.3 percent a year ago mainly due to subdued food prices.

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, May 12: Bank and financial institutions (BFIs) have floated a total of Rs 161.24 billion in loans to deprived sector in the first eight months of the current Fiscal Year 2018/19, a jump by whooping 17.1 percent, or Rs 23.52 billion, largely driven by expansion of the targeted sectors entitled to get concessional financing.

KATHMANDU, May 7: Bank's lending to service industry has jumped by 18 percent over the first eight months of the current fiscal year 2018/19, reflecting buoyant sentiment among investors on what is called a tertiary sector in the economy.

KATHMANDU, April 11: Nepal Rastra Bank (NRB) has simplified the process of opening bank account as part of its effort to help the government in increasing people's access to finance.

KATHMANDU, March 22: Nepal Rastra Bank (NRB) has shown flexibility in taking action against bank and financial institutions (BFIs) that are not floating loans to priority sectors as required by its rules.

KATHMANDU, Feb 20: Nepal Rastra Bank (NRB) has released the mid-term review report of the monetary policy for the current Fiscal Year 2018/19, bringing some measures aimed at checking ultra-high lending rates and availing more lendable fund to the private sector.

External sector position worsens further

February 15, 2019 12:39 pm

KATHMANDU, Feb 15: The balance of payment (BoP) position of the country continued to slip in the deficit in the first six months of Fiscal Year 2018/19, indicating that the external sector position of the country is worsening.

KATHMANDU, Feb 1: Nepal Rastra Bank (NRB) has sought details of loans that bank and financial institutions (BFIs) have floated until mid-January under subsidized loan schemes.

KATHMANDU, Jan 31: Following complaints that bank and financial institutions (BFIs) were reluctant to provide concessional loans under the government schemes, the Nepal Rastra Bank (NRB) has instructed them to make arrangement to ensure that eligible people get credit facility from their branch offices.

NRB’s directive to banks and BFIs

January 14, 2019 17:17 pm

KATHMANDU, Jan 14: Nepal Rastra Bank (NRB) has directed the banks and financial institutions to submit the details of all the loans and facilities they have approved to it.

KATHMANDU, Jan 11: The long-drawn-out issue related to the exchange of Indian bank notes has not gained momentum yet, stated the Ministry of External Affairs of India.

KATHMANDU, Jan 5: Nepal Rastra Bank (NRB) has announced that it may send bank and financial institutions (BFIs) to forceful merger in certain conditions. Issuing a circular to BFIs on Thursday, the NRB said that it may instruct BFIs with poor financial health to go for merger and acquisition.