KATHMANDU, Sept 29: Foreign Direct Investment (FDI) in Nepal reached Rs 264 billion by the end of the fiscal year 2021/22. According to Nepal Rastra Bank (NRB), the total FDI increased by 16 percent compared to the fiscal year 2020/21.
KATHMANDU, Aug 18: In the fiscal year 2079/80 BS (2022/23), Nepal witnessed an influx of remittances, averaging over 100 billion monthly. According to the annual data of last year released by Nepal Rastra Bank on Friday, a total of Rs 1.2 trillion was received in remittances till mid-July. In the last fiscal year, remittances surged by 21.2 percent compared to the previous year.
KATHMANDU, Aug 14: The Mint Division of Nepal Rastra Bank (NRB) has started weighing the gold which is said to be around 100 kg and which was seized from outside the Tribhuvan International Airport (TIA) a few weeks back.
KATHMANDU, Aug 11: The development bond-2088 BS worth Rs 10 billion over an eight year period will be sold through auction on Sunday. On behalf of the government, Nepal Rastra Bank (NRB) is going to raise loans through development bonds.
KATHMANDU, July 30: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has said the Monetary Policy for the current fiscal year came with a review of the overall existing scenario of the nation's economy.
KATHMANDU, July 24: The private sector has slammed the Monetary Policy 2023/24 unveiled by Nepal Rastra Bank (NRB) on Sunday, stating that the policy would not effectively help revitalize the economy, which is in dire straits.
KATHMANDU, July 20: At a time when Finance Minister Dr. Prakash Sharan Mahat is publicly assuring that all the problems seen in the economy will be addressed through monetary policy, Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has stated that the monetary policy has its limitations and cannot address all the economic problems with its limited tools at its disposal.
KATHMANDU, July 7: Nepal Rastra Bank (NRB) has directed banks and financial institutions to extend Saturday services for the next two weeks in view of the closure of the current Fiscal Year (FY) 2022/23.
KATHMANDU, July 4: Stakeholders and experts have urged Nepal Rastra Bank (NRB) to endorse a prudent monetary policy that could address the ongoing economic slowdown and problems seen in the country’s financial sector.
KATHMANDU, June 9: An average of one billion remittances per month has started coming from the current financial year. In the first 10 months of the current fiscal year 2022/23, remittances equal to an average of Rs 1.05 trillion have been received.
KATHMANDU, June 6: Nepal Rastra Bank (NRB), in a bid to facilitate big mergers of commercial banks, has announced to provide a number of benefits to the unified entity if they carry out joint transactions by mid-July.
KATHMANDU, May 25: Nepal Rastra Bank (NRB) has enforced a rule to provide refinance facilities at subsidized rates to the poorly performing production, construction and wholesale and retail businesses.
KATHMANDU, April 24: The government of Nepal is going to mobilize Rs 20 billion of internal debt through treasury bills on Monday. Nepal Rastra Bank (NRB) is going to issue treasury bills worth Rs 28.6 billion on Monday.
KATHMANDU, April 12: The consumer price index marginally declined in the past one month during mid-February and mid-March, mainly due to a slowdown in prices of non-food items and services and few food items.
KATHMANDU, April 11: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari said banks are free to fix their interest rates based on the market situation. His remark came at a time when the government and the private sector have been pressurizing the central bank to lower the interest rates.
KATHMANDU, March 28: Nepal Rastra Bank (NRB) has implemented a simplified customer identification (KYC) process for transactions up to Rs 100,000 for licensed institutions that perform payment related activities other than banks and financial institutions.
KATHMANDU, March 14: The Kathmandu District Court (KDC) has sent Prithvi Bahadur Shah, who is accused of being involved in suspicious financial transactions amounting to over Rs 400 million, to judicial custody.
KATHMANDU, March 5: Prime Minister Pushpa Kamal Dahal has discussed the current issues of the economic and banking and financial sector with the representatives of the private sector and the governor of the Nepal Rastra Bank (NRB).
KATHMANDU, Feb 25: Nepal Rastra Bank (NRB) has asked banks and financial institutions (BFIs) not to take penal interest from the borrowers for the next one month from the date that the outstanding loans have been pending.
KATHMANDU, Feb 10: While the government aims to keep inflation within the desired limit of seven percent for the current fiscal year, it has reached 7.26 percent up to the half-yearly review period of the monetary policy.
KATHMANDU, Feb 9: Telecommunication equipment worth about Rs 1.14 billion that were stopped by the customs office at the Tribhuvan International Airport (TIA), were released after the office levied a revenue of about Rs 320 million.
KATHMANDU, Jan 22: The decision to remove the mandatory cash margin on imports has been welcomed by industrialists and businessmen. After the pressure on foreign currency reserves, the government had arranged mandatory cash margins for imports since last year. The private sector had been opposing the provision for a cash margin of 50 to 100 percent while opening letters of credit (LCs) for imports.