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.

KATHMANDU, Nov 1: Nepal Rastra Bank (NRB) has asked the COVID-19 affected businesses to apply for refinance loans.

KATHMANDU, Oct 31: In a controversial move, Nepal Rastra Bank (NRB)—the country’s apex monetary body—has called off its decision to lift the ban on the import of luxury vehicles in less than 24 hours.

NRB auctioning off treasury bills

October 18, 2021 09:40 am

KATHMANDU, Oct 18: Nepal Rastra Bank (NRB) is auctioning off treasury bills worth Rs 11.20 billion. The central bank is selling the treasury bills through the tender process from today in a bid to mobilize short-term loans for the government.

KATHMANDU, Oct 11: Nepal Rastra Bank (NRB) has asked the bank and financial institutions (BFIs) to take forward into auction the collateral assets of those borrowers only if the loan amount remains overdue for six months and more.

NRB to issue repo worth Rs 20 billion

October 6, 2021 14:35 pm

KATHMANDU, Oct 6: Nepal Rastra Bank (NRB) is going to issue a repo worth Rs 20 billion today. The bank is going to issue the repo for a period of 14 days to prevent a shortage of investible funds in the banking and financial system.

KATHMANDU, Oct 1: Nepal Rastra Bank (NRB) has started a study on the possibility of using digital currency in the country, with an aim to minimize the use of paper notes.

KATHMANDU, Sept 29: Nepal Rastra Bank (NRB) has started taking stern measures on the use of foreign currencies, citing the depleting foreign exchange reserve triggered by the worsening balance of payments (BoP) situation.

KATHMANDU, Sept 26: Transactions via online platforms including Quick Response (QR) codes, mobile wallets and internet banking inside the country have been in an escalating trend.

RTGS to remain operational on Saturday

September 25, 2021 09:56 am

KATHMANDU, Sept 25: Nepal Rastra Bank (NRB) has stated that Real Time Gross Settlement System (RTGS) will be operational on Saturday as well.

KATHMANDU, Sept 24: The Nepal Rastra Bank (NRB) has unveiled a new provision ensuring concessional loan for the establishment of electronic vehicle charging stations.

KATHMANDU, September 21: The manufacturing sector in Lumbini Province has been operating at only 48.80 percent capacity, with more than half the industrial capacity of the province remaining unutilized.

KATHMANDU, Sept 21: Banks and financial institutions have started providing new bank notes starting Monday.

KATHMANDU, Sept 20: Banks and financial institutions have started providing new banknotes for use in the Dashain festival from Monday.

KATHMANDU, September 17: Nepal Rastra Bank (NRB) on Thursday injected an additional Rs 20 billion in the domestic financial system in an attempt to ease a growing shortfall of liquidity in the banking system.

Mobile wallet cash transfer limit doubled

September 14, 2021 19:00 pm

KATHMANDU, September 14: Nepal Rastra Bank (NRB) has doubled the limit of transactions carried out through mobile wallet platforms.

KATHMANDU, September 13: Keeping in view of the Dashain festival, Nepal Rastra Bank (NRB) has announced to circulate fresh paper notes from September 20.

KATHMANDU, September 9: Nepal Rastra Bank (NRB) has warned all concerned not to carry out transactions of the cryptocurrency in the country.

KATHMANDU, Sept 2: Nepal bought Indian rupees (INR) equivalent to Rs 535.23 billion by selling US dollars to finance the imports from the southern neighbor in the last fiscal year.

KATHMANDU, Sept 1: Nepal Rastra Bank (NRB) is forming an oversight unit to monitor and regulate the payment service providers and payment service operators across the country.

KATHMANDU, August 26: Consumer inflation in the last fiscal year stood at 3.6 percent, which is probably the lowest annual average price rise in the past two decades.

KATHMANDU, August 26: Nepal Rastra Bank (NRB) has turned lenient to its newly-enforced rule of credit-deposit ratio (CD Ratio) by allowing the banks to incorporate the refinance loan in their deposit.

KATHMANDU, August 15: Nepal Rastra Bank (NRB) on Friday unveiled the monetary policy 2021/22 amid ongoing criticism for delaying to issue one of the country’s important macroeconomic policies.

KATHMANDU, August 14: The country’s private sector has welcomed the monetary policy 2021/22, stating that the macroeconomic policy could provide respite to the COVID-19 affected industries including small and medium enterprises (SMEs) and tourism businesses, along with speeding up the economic recovery.

KATHMANDU, August 13: Nepal Rastra Bank has announced to promote fiscal year 2021/22 as electronic transaction promotion year.

KATHMANDU, August 13: The Governor of Nepal Rastra Bank (NRB), Maha Prasad Adhikari is unveiling the monetary policy for the fiscal year 2021/22 from NRB headquarters in Baluwatar.

NRB releasing monetary policy today

August 13, 2021 13:29 pm

KATHMANDU, August 13: Nepal Rastra Bank is going to make the monetary policy for the current fiscal year 2021/22 public today. A meeting of the Board of Directors of NRB held to discuss the monetary policy endorsed the policy for the current fiscal year.

KATHMANDU, July 22: Search for hackers threatening to hack the systems of 15 banks of Nepal in Viber has begun, according to the Nepal Rastra Bank (NRB), the country’s central bank.

KATHMANDU, July 18: The monetary policy for fiscal year 2021/22 that was supposed to come online on Sunday has been postponed with the formation of a new government.

KATHMANDU, July 1: The Nepal Rastra Bank (NRB) has urged people not to believe in any deceptive information circulated on social networking sites from its alleged facebook page.

KATHMANDU, June 19: Nepal Association of Travel Agents (NATA) has demanded that Nepal Rastra Bank (NRB) reschedule the loan payment deadline for the tourism businesses to mid-April, next year.

KATHMANDU, June 15: While the number of people going for foreign employment is declining due to the COVID-19 pandemic, the remittances sent by Nepalis living and working abroad is continuously increasing.

KATHMANDU, May 26: Nepal Rastra Bank (NRB) has barred banks and financial institutions (BFIs) from making short-term investments in the secondary market, at a time when the stock exchange market is witnessing a whopping rise in transactions.

KATHMANDU, May 25: Nepal Rastra Bank (NRB) has created a fund of Rs 50 billion to support providing payments to the workers in tourism, cottage, small and medium size industries that are largely affected by COVID-19.

KATHMANDU, May 20: Nepal bought Indian currency (IC) equivalent to Rs 404.70 billion by selling US dollars to finance the imports from the southern neighbor during the first nine months of the current fiscal year, which was 16 percent more than the amount during the same period of the last fiscal year.

KATHMANDU, May 17: The online transactions have taken pace after the country started facing disruption on in-person trading due to risk of the coronavirus infection.

KATHMANDU, May 16: Nepal Rastra Bank (NRB) has released a total of Rs 123.14 billion to 48,860 individuals under refinance schemes in the first nine months of the current fiscal year.

KATHMANDU, May 2: Nepal Rastra Bank (NRB) has asked payment service providers to continue their everyday business through less than 20 percent of the workforce in the locations where prohibitory orders have been enforced.

KATHMANDU, April 21: Nepal Ratra Bank (NRB) has asked the individuals and banks and financial institutions (BFIs) concerned to exchange the Qatari Riyal banknotes of the fourth edition.

KATHMANDU, April 13: Nepal has received Rs 642.14 billion in remittance in the first eight months of the current fiscal year.

KATHMANDU, March 18: Nepal Rastra Bank (NRB), the country’s central bank, released a total of Rs 82.29 billion under refinance schemes in the first seven months of the current fiscal year.

KATHMANDU, March 17: Consumer inflation stood at 2.70 percent in the first seven months of the current fiscal year, almost one-third of the rate in the same period last year.