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.

KATHMANDU, March 4: Nepal Rastra Bank (NRB) has doubled the upper limit for cash transactions through digital payment channels including mobile banking and internet banking platforms.

KATHMANDU, March 3: Nepal Rastra Bank (NRB) has barred the Quick Response (QR) code payment service providers from charging a fee from the customers under any headings.

KATHMANDU, March 2: Nepal Rastra Bank (NRB) has warned the banks and financial institutions (BFIs) to take action if they are found not maintaining the spread rate as provisioned by the monetary policy.

KATHMANDU, Feb 22: Nepal Rastra Bank (NRB) took action against four commercial banks for breaching the rules enforced by the regulator.

KATHMANDU, Feb 16: Nepal bought Indian rupees worth Rs 241.31 billion by selling US dollars to finance the imports from the southern neighbour during the first six months of the fiscal year compared to that of Rs 229.55 billion in the same period in the last fiscal year.

KATHMANDU, Feb 11: Commercial banks that are facing allegations of charging service fees in an arbitrary manner from their clients have piled up pressure on Nepal Rastra Bank (NRB) to provide them autonomy to determine the service charge amount to their clients.

KATHMANDU, Feb 7: Nepal Rastra Bank (NRB) has stepped up efforts to integrate the Quick Response (QR) code payment platforms under a single network system to facilitate easy transaction and to maintain transparency in the digital payment mode.

KATHMANDU, Jan 26: Nepal Rastra Bank (NRB) in its Current Macroeconomic report of the first five months of the current fiscal year has stated that the consumer price inflation remained 2.93 percent during the period.

KATHMANDU, Jan 15: Nepal Rastra Bank (NRB) has put a curb on the firms receiving loan in foreign currency from lending institutions abroad.

KATHMANDU, Jan 10: Nepal Rastra Bank (NRB), the country’s central bank, has started an enquiry against the banks that have been blamed for mounting undue pressure on the borrowers to clear their loans.

KATHMANDU, Jan 9: In a bid to expand online fund transfer facilities, Nepal Rastra Bank (NRB) has incorporated 10 development banks and finance companies in the Real Time Gross Settlement (RTGS) system.

KATHMANDU, Jan 7: Nepal Rastra Bank (NRB) has permitted banks to take the service charge from people for using one bank’s ATM card to withdraw money from another bank’s ATM.

KATHMANDU, Jan 5: Bank promoters have complained to the Ministry of Finance that the Nepal Rastra Bank (NRB), the country’s central bank, has adopted a policy of micromanaging the banks and financial institutions (BFIs).

KATHMANDU, Jan 2: Nepal Rastra Bank (NRB) has invited applications from the business enterprises affected by COVID-19 for the refinance service offered by the central bank.

Food and beverage inflation stands at 5.73 percent

Decoding monetary policy

July 26, 2020 14:00 pm

The Nepal Rastra Bank recently released the monetary policy for the current fiscal year 2020/21. This is the 19th in the series after the Nepal Rastra Bank started to introduce the annual monetary policy in 2002 in line with a provision of the Nepal Rastra Bank Act (2002).

KATHMANDU, July 16: Nepali Congress (NC) has concluded that the importance of the upcoming monetary policy for the current fiscal year 2020/21 is greater than the previous fiscal years.

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.