KATHMANDU, March 16: Finance Minister Barshaman Pun has formed a seven-member task force to identify and solve problems related to microfinance institutions. Minister Pun formed a seven-member committee under the leadership of the Deputy Governor of Nepal Rastra Bank on Friday evening.

KATHMANDU, March 10: In the Nepali month of Magh (mid-January to mid-February), consumer price inflation decreased to 5.01 percent, according to the financial situation report from Shrawan to Magh of the current fiscal year published by Nepal Rastra Bank (NRB).

KATHMANDU, March 7: Nepal Rastra Bank (NRB) is going to issue development bonds worth Rs 8 billion.

KATHMANDU, March 4: Analysts and economists have criticized the government for its failure to remain within the framework of its announced austerity measures such that it has adversely affected the economic growth rate while raising the public debt significantly.

KATHMANDU, Feb 21: Amid rumors spread against the financial health of few Nepali banks, Nepal Rastra Bank (NRB) has clarified that the banks strictly adhere to adequate safety measures enforced by the central bank.

KATHMANDU, Feb 19: Nepal Rastra Bank (NRB) has enforced the ‘Cyber Resilience Guidelines’ since August 2023 targeting to improve the measures implemented by the banks and financial institutions (BFIs) to safeguard their clients from possible risks to online transactions.

KATHMANDU, Feb 15: Nepal Rastra Bank (NRB) has taken action against three development banks and as many finance companies. It has alerted the chairman and chief executive officer (CEO) of Muktinath Bikas Bank.

KATHMANDU, Feb 14: The Nepal Rastra Bank (NRB) has announced the cancellation of licenses for five money exchange companies.

KATHMANDU, Feb 10: Nepal Rastra Bank (NRB) has announced a regulatory change that exempts foreign investments in listed companies from requiring the central bank's approval. This development comes as part of the third amendment to the NRB Foreign Investment and Foreign Loan Management Bylaws 2021 facilitating easier participation of foreign investors in Nepal's stock market.

KATHMANDU, Feb 6: Nepal Rastra Bank (NRB) seems to have fallen behind in meeting its target of the banks’ lending for the private sector due to slow growth seen in the segment in over six months of the current fiscal year.

KATHMANDU, Jan 27: Nepal Rastra Bank (NRB) has taken disciplinary actions against six banks and financial institutions for non-compliance with mandatory regulations.

KATHMANDU, Jan 24: The banking transactions without having proper authenticity are on the rise, according to the records of Nepal Rastra Bank (NRB).

KATHMANDU, Jan 22: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has advised the Agricultural Development Bank that it increased investment in the agricultural sector and focused on import replacement.

KATHMANDU, Jan 12 : Nepal has attained an all-time high record of foreign currency reserves of US $ 13.31 billion, mainly due to a whopping rise in remittance inflows in the past few months.

The credit-deposit (CD) ratio of banks and financial institutions (BFIs) have fallen below 80 percent due to a slow increase in lending compared to the excessive rise in deposit collection. According to the records with Nepal Rastra Bank (NRB), the CD Ratio of the BFIs stood at 79.94 percent as of Sunday.

In the wake of an economic slowdown that has cast a shadow over the nation, the manufacturing sector in Lumbini Province finds itself grappling with a significant setback. Recent findings from a study report by Nepal Rastra Bank (NRB) reveal a disconcerting 5.54 percent shrinkage in the production capacity of factories in the region, dropping from 56.36 percent in the fiscal year 2021/22 to a mere 50.82 percent in the fiscal year 2022/23.

NRB announces vacancies for 67 positions

December 23, 2023 12:10 pm

KATHMANDU, Dec 22: Nepal Rastra Bank (NRB) has invited applications for 67 vacant positions. The positions include 19 for Gazetted-third class deputy director (administration), five deputy directors (accounts/audit) on the administration side, and two for deputy director (commercial law). Additionally, six positions for deputy director (information technology) on the technical side are also open for applications.

KATHMANDU, Dec 16: Commercial banks have announced revised interest rates on deposits for the month of Paush (mid-December to mid-January), in response to the reduced policy rate and bank rate by Nepal Rastra Bank (NRB).

KATHMANDU, Dec 12: A number of commercial banks have started lowering their interest rates on deposits after Nepal Rastra Bank (NRB) turned lenient in its policy rate and bank rate through the first quarterly review of the monetary policy.

KATHMANDU, Dec 9: The private sector welcomed the first quarterly review of the monetary policy for the current fiscal year unveiled by Nepal Rastra Bank (NRB) on Friday.

KATHMANDU, Dec 9: Nepal Stock Exchange (Nepse) lost 5.76 points last week amid a delay by Nepal Rastra Bank to come up with the first quarterly review of the monetary policy for the current fiscal year.

KATHMANDU, Dec 9: Nepal Rastra Bank (NRB) has, through the first-quarter review of the monetary policy for the current fiscal year 2023/24, decided to reduce the risk weight of real estate loans and maintain the risk weight for share mortgage loans exceeding Rs 50 million at 125 percent.

KATHMANDU, Dec 8: Nepal Rastra Bank’s Governor Mahaprasad Adhikari said the first quarter review of the monetary policy for the current fiscal addresses various issues affecting current inflation, the status of balance of payment and growth rate of the bank loans for the private sector among others.

KATHMANDU, Dec 8: Nepal Rastra Bank (NRB) has, through the first-quarter review of the monetary policy for the current fiscal year 2023/24, decided to reduce the risk weight of real estate loans and maintain the risk weight for share mortgage loans exceeding 50 million at 125 percent.

KATHMANDU, Dec 8: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has reported a 14.9 percent increase in deposits for banks and financial institutions in the current fiscal year.

KATHMANDU, Dec 2: Nepal Rastra Bank’s (NRB) Governor Maha Prasad Adhikari has encouraged people to report any instances of excessive interest charges by banks to the general public.

KATHMANDU, Nov 30: Nepal Rastra Bank (NRB) has turned lenient on loan defaulters, asking the banks and financial institutions (BFIs) to assess the collateral valuation before blacklisting the concerned debtors.

KATHMANDU, Nov 19: The Nepal Rastra Bank (NRB) is set to allocate Rs 400 million to its gratuity and pension fund in the form of fixed deposits. The central bank plans to invest this amount in fixed deposits across commercial banks, development banks, and finance companies.

KATHMANDU, Nov 10: In the Nepali month of Ashoj (mid-September to mid-October) this year, the remittance inflow has set a new record. As much as Rs 136 billion was received in remittances in this month. This marks the highest amount ever received in a single month.

KATHMANDU, Nov 10: The Nepal Rastra Bank (NRB) has sold a total of 43,000 gold and silver coins in five days. The Mint Division of the NRB located in Babarmahal, Kathmandu started selling gold and silver coins from Sunday targeting Dhanteras (first day of Tihar festival).

KATHMANDU, Nov 8: The committee formed by Nepal Rastra Bank (NRB) to resolve the problems of microfinance institutions has shown that 418,722 borrowers have taken loans from two or more microfinance institutions.

KATHMANDU, Nov 5: Nepal Rastra Bank (NRB) has started the sale of gold and silver coins targeting the Tihar festival. The Mint Division of the central bank has started the sale of gold and silver coins from Sunday.

KATHMANDU, Nov 3: The Nepali rupee dipped to a historic record low against the US dollar with Nepal Rastra Bank (NRB) fixing the exchange rate at Rs 133.57 per US dollar for Thursday.

KATHMANDU, Oct 20: The Nepal Rastra Bank (NRB) has taken action against six banks. During the first quarter of the current fiscal year 2023/24, the Bank Supervision Department of NRB imposed cash fines and issued warnings to six commercial banks that violated regulatory provisions.

KATHMANDU, Oct 16: Nepal Rastra Bank (NRB) has initiated the distribution of new banknotes, a customary practice for the festive season. NRB is offering the exchange of new banknotes at a rate of Rs 18,500 per person.

KATHMANDU, Oct 14: The Nepal Rastra Bank (NRB) is gearing up to launch coins with the denominations of Rs 5, marking a significant addition to the country's coinage.

KATHMANDU, Oct 13: Nepal Rastra Bank (NRB) has started distributing new currency notes to the banks and financial institutions targeting Dashain festival.

KATHMANDU, Oct 9: Nepal Rastra Bank (NRB) is set to launch a new currency note exchange service beginning October 16 in preparation for the upcoming Dashain and Tihar festivals. The central bank issued a notice on Sunday to inform the public about this service.

KATHMANDU, Oct 8: Partially addressing the demand of stock traders, Nepal Rastra Bank (NRB) has increased the cap on share mortgage loans from Rs 120 million to Rs 200 million. Similarly, the limit for taking personal loans has been increased to Rs 150 million.

KATHMANDU, Oct 7: Nepal Rastra Bank (NRB) has taken steps to bolster the safeguarding of public savings in banks and financial institutions by raising the insured amount to Rs 500,000. This significant change was introduced on Thursday when the NRB amended the integrated guidelines for the year 2079 BS.

KATHMANDU, Oct 6: Nepal Rastra Bank (NRB) has raised the ceiling on the maximum limit on the loans against shares to Rs 200 million from the existing Rs 120 million.

KATHMANDU, Oct 1: Today, Nepal Rastra Bank (NRB) is set to issue development bonds valued at Rs 13.10 billion. The central bank has announced that it will release the 'Development Bond 2088-C,' with an eight-year maturity period.

KATHMANDU, Sept 26: Nepal Rastra Bank (NRB) is gearing up to distribute new currency notes, amounting to Rs 18,500 per person, for the upcoming Dashain festival this year. The central bank plans to initiate the distribution of these fresh notes starting around the day of Ghatasthapana, a significant festival date.

NRB issues silver medallion coins

September 24, 2023 17:50 pm

KATHMANDU, Sept 24: Nepal Rastra Bank (NRB)’s Mint Division has introduced silver medallion coins featuring the image of a 'cow'. NRB governor Maha Prasad Adhikari released the coins amidst a program at the division office in Babarmahal on Sunday.

KATHMANDU, Sept 21: Nepal Rastra Bank (NRB) Governor Mahaprasad Adhikari has expressed confidence that Nepal's trade deficit can be significantly alleviated through the annual export of electricity valued at Rs 1.2-1.3 trillion.

KATHMANDU, Sept 21: Demand for bank loans grew almost double in the past month between mid-July and mid-September compared to the same period last year.

KATHMANDU, Sept 20: The Nepali rupee fell to a record low against the US dollar with Nepal Rastra Bank (NRB) fixing the exchange rate at Rs 133.54 per US dollar for Tuesday.

KATHMANDU, Sept 8: The Ministry of Finance has made arrangements for commercial banks to count the money allocated to the local governments as deposits from Sunday.

KATHMANDU, Sept 8: In a bid to raise internal debt for the second time this month, Nepal Rastra Bank (NRB) is set to issue development bonds worth Rs 10 billion on Sunday.

KATHMANDU, Sept 8: The US dollar has soared to unprecedented levels against the Nepali rupee, reaching a record high, according to Nepal Rastra Bank (NRB). Today, the selling rate of one US dollar stands at Rs 133.44, surpassing the previous mark of Rs 133.34 recorded on August 18.