KATHMANDU, May 12: Nepal has received remittance amounting to over Rs 724 billion in the nine months of the current fiscal year, 2021/22, a 0.6 percent decline as compared to the corresponding period last year, according to data published by the Nepal Rastra Bank on Wednesday. The figure had increased by 16.5 percent during the same period in the previous FY, 2020/21.

KATHMANDU, May 12: Despite massive efforts made by the government to check financial outflows, the country’s foreign currency reserves increased by nominal amounts in the past one month from mid-March to mid-April.

KATHMANDU, May 10: The Nepali currency slid to an all-time low against the US dollar with Nepal Rastra Bank (NRB) fixing the price of American currency at Rs 123.65 per dollar on Tuesday.

KATHMANDU, May 3: Nepal Rastra Bank (NRB) has restricted individuals from realizing cash and transferring to bank accounts the money transferred to mobile wallet platforms by using credit cards.

KATHMANDU, May 1: Nepal Rastra Bank (NRB) has started a detailed investigation into 1,556 ‘suspicious transactions’ reported by the banks and financial institutions (BFIs) and other institutions during the first eight months of the current fiscal year.

KATHMANDU, April 30: The Supreme Court has upheld the interim order that allowed Governor of Nepal Rastra Bank Maha Prasad Adhikari, who was suspended by the government, to resume work.

KATHMANDU, April 29: As the hearing on a case filed by Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari against the government's decision did not complete at the Supreme Court on Thursday, the hearing on the petition has been scheduled for Friday as well.

KATHMANDU, April 28: Nepal Rastra Bank (NRB) is preparing to launch digital currency in the domestic market even as the government is yet to legalize the use of virtual currencies.

NRB Governor Adhikari resumes office

April 20, 2022 12:52 pm

KATHMANDU, April 20: Governor of Nepal Rastra Bank Maha Prasad Adhikari has returned to his work from Wednesday.

KATHMANDU, April 17: Employees of Nepal Rastra Bank (NRB) launched protests against the government’s move to suspend NRB Governor Maha Prasad Adhikari.

KATHMANDU, April 12: CPN-UML Chairperson KP Sharma Oli has said that the government’s move to suspend the governor of Nepal Rastra Bank (NRB) is an irresponsible one.

KATHMANDU, April 11: Amid growing criticisms over his decision to suspend Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari, Finance Minister Janardan Sharma on Monday said that the government took action against Adhikari as per the NRB Act.

KATHMANDU, April 11: Prime Minister Sher Bahadur Deuba has claimed that the action taken against Governor Maha Prasad Adhikari of Nepal Rastra Bank (NRB) was a positive one.

KATHMANDU, April 9: Chairman of the main opposition party, CPN-UML, KP Sharma Oli has said that the government has shown shamelessness by suspending Governor of Nepal Rastra Bank (NRB) Maha Prasad Adhikari.

KATHMANDU, April 8: Brushing aside reports that the country was heading to an economic slump, the central bank of the country, Nepal Rastra Bank (NRB) has said the overall economic situation of the country is not in a tailspin.

KATHMANDU, March 30: Nepal Rastra Bank (NRB) has permitted banks and financial institutions to open letters of credit (LC) accounts for the imported goods that are to be transported to the newly-built Chobhar Dry Port in Kathmandu.

KATHMANDU, March 17: Nepal Rastra Bank (NRB) has reduced the capital requirement threshold to around one-fourth for the foreign banks to operate their branches in Nepal.

KATHMANDU, March 3: The Nepal Rastra Bank has reduced the ceiling of remittance that an individual can send from one place to another place within the country. The central bank has reduced the remittance limit with effect from Wednesday.

KATHMANDU, Feb 12: Nepal Rastra Bank (NRB) permitted the banks and financial institutions (BFIs) to issue loans of up to Rs 500,000 to their customers via digital platforms.

KATHMANDU, Feb 11: Nepal Rastra Bank (NRB), has asked importers to deposit hard cash in advance to import additional goods that fall in the list of additional 27 harmonic codes.

KATHMANDU, Feb 9: The consumer price inflation was recorded at 5.65 percent as of mid-January as compared to 3.56 percent of the same period last year.

KATHMANDU, Feb 9: The Nepal Rastra Bank (NRB) has urged one and all to remain cautious on the issue of cryptocurrency and networking transactions since it is an illegal act.

KATHMANDU, Feb 5: The significant increase in the use of electronic media in financial transactions is due to the development of electronic payment infrastructure, incentives for e-transactions and increasing use of modern equipment by the general public.

KATHMANDU, Feb 3: Nepal Rastra Bank (NRB) has stepped up measures to keep vigil on all transactions over Rs 700,000.

KATHMANDU, Jan 31: Nepal Rastra Bank (NRB) has capped the premium amount on the interest rate of hire purchase loan being charged by the companies concerned from their customers.

KATHMANDU, Jan 30: The International Monetary Fund (IMF) has expressed dissatisfaction over the role played by Nepal Rastra Bank to ensure stability of Nepal’s banking sector.

KATHMANDU, Jan 24: Nepal Rastra Bank (NRB) has cautioned the people against carrying out network marketing and making investments in ‘hyper funds’ saying there is a risk of being swindled out of one’s money and capital flight from the country through such transactions.

KATHMANDU, Jan 18: Nepal Rastra Bank (NRB) has asked the banks and financial institutions (BFIs) to submit their plans for financial literacy programs within the first three months of every fiscal year.

KATHMANDU, Jan 13: Nepal now has foreign currency reserves sufficient to import goods and services for 6.8 months, down from the adequacy for 7.2 month in mid-November, due to massive drain out of the foreign currencies from the country.

KATHMANDU, Jan 9: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has said achieving the economic growth rate of seven percent targeted by the government for this fiscal year will be a herculean task.

KATHMANDU, Dec 30: Amid increasing pressure on foreign currency reserves, Nepal Rastra Bank (NRB) has further tightened the noose on the availability of the foreign currencies on passport facility to the individuals visiting abroad.

KATHMANDU, Dec 28: Nepal Rastra Bank (NRB) has sought to curb the working capital loan citing mainly the loans on import amid worsening liquidity crunch and ballooning imports.

KATHMANDU, Dec 23: Nepal Rastra Bank (NRB) has cut short the report submission timeline for the operators of online payment service in a bid to increase vigilance of transaction settlements amid ongoing liquidity crunch in the country’s banking system.

KATHMANDU, Dec 21: Nepal Rastra Bank (NRB) has asked importers of selected luxury items to maintain cent percent cash margin to open letter of credit (LC) accounts, targeting to tighten the noose on the import of such products.

KATHMANDU, Dec 20: While the country is already feeling the heat of depleting foreign currency reserves, a total of US $ 1.36 billion was spent to buy Indian currency (INR) to fund imports from the southern neighbor during the first four months of the current fiscal year.

KATHMANDU, Dec 17: As a part of its continuing initiative to support the Nepal Rastra Bank (NRB) in its effort to extend the Real Time Gross Settlement (RTGS) system, Nepal Clearing House Ltd. (NCHL) has enabled one development bank and six finance companies to connect to the RTGS system, through which they will now be able to initiate and process RTGS transactions.

KATHMANDU, Dec 16: Banks and financial institutions (BFIs) have been barred from altering their interest rates on fixed-rate loans without receiving the consensus of the borrowers.

Bhatta appointed as NRB Spokesperson

December 16, 2021 14:15 pm

KATHMANDU, Dec 16: Dr Gunakar Bhatta has been appointed the spokesperson for the Nepal Rastra Bank (NRB).

KATHMANDU, Dec 15: Consumer price inflation surged to 5.32 percent during the one month period from mid-October to mid-November this year compared to 4.05 percent during the same period last year.

KATHMANDU, Dec 9: A total of 72 firms received refinance loans worth Rs 8.99 billion in the first four months of the current fiscal year. Of the total beneficiaries, more than 55 percent are tourism-related businesses.

KATHMANDU, Dec 7: Nepal Rastra Bank (NRB) is investing more than Rs 3 billion in the fixed deposits of banks and financial institutions (BFIs).

KATHMANDU, Nov 30: Nepal Rastra Bank (NRB) has sought to invest Rs 1.10 billion in fixed deposits of the banks and financial institutions (BFIs).

NRB issuing repo worth Rs 20 billion

November 25, 2021 15:08 pm

KATHMANDU, Nov 25: The Nepal Rastra Bank (NRB) is issuing a repurchase agreement (repo) worth Rs 20 billion today.

Karnali ahead in real estate price hike

November 20, 2021 11:06 am

KATHMANDU, Nov 20: The report of a study conducted by Nepal Rastra Bank (NRB) released on Friday has shown that the highest increase in real estate prices is in Karnali succeeding the federal capital, Bagmati.

KATHMANDU, Nov 18: Consumer price inflation surged to 4.24 percent during one month of mid-September and mid-October amid soaring prices of foods and petroleum products.

KATHMANDU, Nov 11: In an attempt to ease a growing shortfall of liquidity in the banking system, Nepal Rastra Bank (NRB) is injecting an additional Rs 20 billion in the domestic financial system on Thursday.

KATHMANDU, Nov 8: Nepal Rastra Bank is going to sell treasury bills worth Rs 6.10 billion. The central bank is going to auction off treasury bills worth Rs 6 billion and Rs 100 million for a period of 182 days and 91 days, respectively.

NRB revokes GME Pay’s license

November 3, 2021 13:50 pm

KATHMANDU, Nov 3: Nepal Rastra Bank has revoked the license of GME Pay, a payment service provider company. NRB’s Payment Systems Department issued a notice on Tuesday revoking the license of GME Pay Private Limited.

KATHMANDU, Nov 2: Nepal’s financial resource mobilization has largely centralized still in the Capital and adjoining districts while leaving a pork barrel amount for the remote districts despite the government’s target to promote financial inclusion across the country.

KATHMANDU, Nov 1: Nepal Rastra Bank has started selling gold and silver coins (Asharfi) targeting Dhanteras and Laxmi Puja of Tihar--the festival of light that is just a few days away.