KATHMANDU, Nov 14: The Nepal Rastra Bank (NRB) has identified dearth of skilled workers, lack of sufficient electricity supply, and limited availability of raw materials as obstructions for the full-fledged operations of industries in the Gandaki Province.

KATHMANDU, Nov 3: The Nepal Rastra Bank (NRB) is making preparations to introduce new notes of Rs 100 and Rs 500 denominations that can be identified by even the visually-impaired people by touching the notes. Earlier the NRB had introduced the same type of note for Rs 1,000 with a highly-secure security thread that could be verified by machines.

KATHMANDU, Oct 30: Nepal Rastra Bank (NRB) has lifted the ban on the import of peas, black pepper and betel nut, according to a statement issued by the bank on Friday.

KATHMANDU, Oct 28: Nabil Bank has announced to give 9.36 percent interest on three-month term deposits in the second week of the tightening of the interest rate by Nepal Rastra Bank (NRB).

NRB issuing Rs 30 billion repo

September 23, 2021 15:21 pm

KATHMANDU, Sept 23: Nepal Rastra Bank (NRB) is issuing a repurchase agreement (repo) worth Rs 30 billion.

KATHMANDU, August 31: Nepal Rastra Bank (NRB) has introduced a new system which will burn old, ripped bank notes to produce briquette. The technology introduced from the Netherlands will burn unusable paper bills and produce briquettes for fuel purposes. Prior to the new system, unusable bills were burnt and destroyed.

KATHMANDU, August 21: The most important question has never been raised: Can an open economy like Nepal pursue an independent monetary policy and inflation rate by maintaining a stable exchange rate with its major trading partners? My answer is a ‘no’.  Unfortunately, policymakers never know, despite comments in the past from many organizations and individuals.

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: Payments through QR codes have shot up lately, Nepal Rastra Bank (NRB) has said. Over Rs 500 million was transacted through payments via QR codes in a period of just one month (From January 14 to February 12, 2021).

KATHMANDU, Jan 28: The government has raised Rs 10 billion in domestic debt as per the target set in the current fiscal year. Nepal Rastra Bank (NRB) raises domestic debt on behalf of the government.

KATHMANDU, Nov 2: Nepal Rastra Bank (NRB) is issuing ‘Development Bond 2087 Gha’ worth Rs 20 billion on November 4.

No new notes for Dashain: NRB

October 11, 2020 20:45 pm

KATHMANDU, Oct 11: Amid fears of COVID-19, Nepal Rastra Bank has decided to not provide new notes for Dashain this year.

KATHMANDU, Sept 10: Nepal Rastra Bank (NRB) has tightened loans that bank and financial institutions (BFIs) floated to their senior staff.

The new banknote is the first of its kind in South Asia

KATHMANDU, July 22: Nepal Rastra Bank (NRB) has renamed some of its departments and offices. The central bank changed the name of five departments and designated its offices outside the valley as the provincial offices. The changes of the names have come into effect from this week, according to the NRB notice.

KATHMANDU, July 18: The NRB unveiled its monetary policy for the current fiscal year 2020/21 introducing a number of relief measures for businesses battered by COVID-19. The private sector that has been bearing the brunt of the pandemic had pinned its hope on the monetary policy for revival and recovery.

Energy and agriculture promotion and mergers between banks to get priority

KATHMANDU, July 17: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari presented the monetary policy for current fiscal year 2020/21 earlier on Friday afternoon.

NRB Governor Adhikari releasing the first monetary policy after his appointment as the head of the central bank

In an interview with Republica’s Sagar Ghimire on Monday, Governor Adhikari discussed the focus of the upcoming monetary policy, plans to provide relief and other facilities to businesses battered by the pandemic, efforts to lower interest rates and measures to safeguard financial stability during the crisis, among others.

Adhikari is new NRB Governor

April 7, 2020 04:05 am

KATHMANDU, April 7: The government has appointed Maha Prasad Adhikari, who is currently the CEO of the Investment Board of Nepal, as the 17th governor of the Nepal Rastra Bank (NRB).

KATHMANDU, March 30: Nepal Rastra Bank (NRB) has introduced a number of relief measures aimed at providing relaxation on repayment of loans for businesses and individuals impacted by the Covid-19, ease liquidity in the banking system and promote electronic transactions and payment.

KATHMANDU, March 26: Nepal Rastra Bank (NRB) has issued a nine-point circular to all bank and financial institutions (BFIs) outlining service measures that they have to embrace in the wake of the lockdown imposed by the government to combat the COVID-19 pandemic.

KATHMANDU, March 23: Issuing a circular on Sunday, the Nepal Rastra Bank (NRB), has asked all types of banks and financial institutions (BFIs) to continue with the banking services with necessary precautions. “As the government has defined banking business under the very essential services, the central bank has sought the BFIs to carry on with their services as usual,” said Gunakar Bhatta, spokesperson of the NRB.

KATHMANDU, March 21: Nearly a month has elapsed since the Department of Money Laundering Investigation (DMLI) forwarded a letter to Nepal Rastra Bank (NRB) to take immediate action to stop the sale of Silver Heritage Group owned Tiger Palace Resort, the apex bank has not taken any decisions on the issue, rising fear that the millions of dollar to be siphoned off from the country.

KATHMANDU, March 21: As the race for the post of the governor of Nepal Rastra Bank (NRB) intensifies, Lal Shankar Ghimire is emerging as the dark horse candidate. Sources within the prime minister's office say Ghimire is Prime Minister Khadga Prasad Oli's favorite candidate.

KATHMANDU, March 13: Business firms can now get loans of up to Rs 5 million from banks without submitting a tax clearance certificate. Likewise, the first-time-home buyers are also allowed to get loans even without having the tax clearance certificate.

KATHMANDU, March 12: Nabil Bank Limited has been found to be engaged in an ‘illegal practice’ in recovering loans from its borrowers.

Lagging in digitalization

March 12, 2020 09:11 am

Few weeks back, Nepal Rastra Bank (NRB) announced that it will take serious action against those who receive or make international payments through social media platforms. Considering these transactions to be illegal, NRB has said that any such activities would be treated as foreign currency embezzlement for which the action would be taken under the Foreign Exchange Act (2019).

KATHMANDU, March 6: Nepal Rastra Bank (NRB) has allowed commercial banks to accept gold as interest-earning deposit which is expected to inject more cash into the market as well as help the banks to maintain their obligation for liquid assets.

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, Feb 17:  Mega Bank Ltd has signed an agreement to utilize Rs 2 billion in commercial loan from Doha bank.

KATHMANDU, Feb 6: The Commission for the Investigation of Abuse of Authority (CIAA) has decided to ask the Nepal Rastra Bank (NRB) to investigate into the loans issued by various banks and financial institutions (BFIs) against the collateral of public, government and Guthi lands of Lalita Niwas that were ‘illegally’ captured by several powerful people.

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 23: The government objective of reaching access of commercial banks to all local levels across the country is close to materialization. According to a Nepal Rastra Bank (NRB) report, only 10 local levels are without a bank.

Inflation jumps to 6.33%

January 20, 2020 10:35 am

KATHMANDU, Jan 20: Consumer inflation stood at 6.55% in mid-December mainly due to soaring prices of food and beverages.

KATHMANDU, Jan 15: The number of reports on suspicious transactions that the Financial Information Unit (FIU) under  Nepal Rastra Bank  received in  fiscal year 2018/19 has jumped by 52 percent to 1,351.

KATHMANDU, Jan 3: Nepal Rastra Bank (NRB) has raised the daily limit of cash withdrawal from bank ATMs.

KATHMANDU, Nov 24: The recent controls imposed by the Nepal Rastra Bank (NRB) on the foreign exchange limit for outbound Nepali citizens has caused a sharp decline in the spending they make in overseas travel and tour. According to the recent data released by the NRB, the spending that outbound Nepalis make in international travel fell by 28.1% in the first three months of the current Fiscal Year 2019/20.

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.

KATHMANDU, Nov 8: Friday marks the third anniversary of India's sudden announcement to demonetize banknotes of IRs 1,000 and 500 denominations.

KATHMANDU, Nov 4: The government has instructed Nepal Rastra Bank (NRB) to start an inquiry into Shiba Raj Shrestha, a deputy governor of the central bank, accusing him of ‘working in a way that threatens the financial stability’ of the country.

KATHMANDU, Nov 3: There is good news to cheer first-time home buyers up: Nepal Rastra Bank (NRB) has restricted bank and financial institutions (BFIs) from raising the monthly repayment installment for home loans provided to such borrowers.

KATHMANDU, Oct 24: Nepal Rastra Bank (NRB) has sought details of loan exposure of Prime Commercial Bank Ltd to Tiger Palace Resort owned and operated by Silver Heritage Group Ltd which has been accused of encroaching public land to build structures for the resort.

KATHMANDU, Oct 24: The number of mobile banking users has increased by over 4.5 times in the past four years. According to a report recently published by Nepal Rastra Bank – Situation of Access to Finance in Nepal 2019 – the number of mobile banking users has gone up from 1.75 million to 8.35 million.

61 percent Nepalis have bank accounts

October 17, 2019 09:22 am

KATHMANDU, Oct 17: At least 61% of Nepali citizens have bank accounts, according to a financial report recently released by Nepal Rastra Bank, the central bank of Nepal.

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

Nepal Rastra Bank (NRB) in association with Lalitpur Metropolitan Office unveiled three new coins honoring cultural expert Satya Mohan Joshi who turned 100 this May.

KATHMANDU, Sept 11: Nepal Rastra Bank (NRB) has issued a three-point directive to bank and financial institutions (BFIs) for addressing and managing internal and external risks in use of information technology (IT).

KATHMANDU, Sept 6: Nepal Rastra Bank (NRB) has lowered the maximum limit for cash withdrawal using debit card.