KATHMANDU, Sept 24: The Credit to Deposit (CD) ratio with banks has come down to 87.30 percent from over the threshold of 90 percent a few weeks ago.

KATHMANDU, Sept 22: Banks have been facing widespread criticism from people from different quarters after they raised the interest rates.

KATHMANDU, Sept 15: Nepali commercial banks will be raising their interest rates on fixed deposits after the Nepal Bankers’ Association (NBA) decided not to intervene in the banks to fix their interest rates.

KATHMANDU, Sept 7: The government is extending the timeline allowing banks to consider up to 80 percent of the reserve funds of local governments in their deposit by another six months, citing the deepening liquidity crisis with the banks.

KATHMANDU, Sept 3: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari said the liquidity crisis with banks can be corrected only with an improvement in the country’s balance of payments (BoP) position and government’s increased expenses on a periodic basis.

KATHMANDU, August 7: Commercial banks have agreed on not revising the interest rate until mid-October, citing the rules recently enforced by Nepal Rastra Bank (NRB).

KATHMANDU, August 6: Nepali commercial banks increased their net profit by 23.14 percent in the last fiscal year as compared to that of the amount in 2020/21 despite facing shortage of loanable funds for almost a year.

KATHMANDU, August 3: Nepal Rastra Bank (NRB) has removed the ceiling on the cash dividends that the banks and financial institutions (BFIs) provide to their shareholders.

KATHMANDU, July 20: Commercial banks got some respite from the pressure of liquidity crunch in the last month of the last fiscal year as they gathered additional deposits worth Rs 141 billion in their system compared to a drop in loans issuance in one month of mid-June and mid-July.

KATHMANDU, June 28: The banks and financial institutions (BFIs) collected deposits of Rs 5 billion in the past one month.

KATHMANDU, June 14: Nepali commercial banks earned profits of Rs 58.33 billion in the first 10 months of the current fiscal year despite facing a notable shortfall in loanable funds during the period.

KATHMANDU, April 16: Banks provided interest-subsidized loans worth Rs 215.76 billion in the first eight months of the current fiscal year.

KATHMANDU, April 10: The commercial banks in the country have agreed not to open the letter of credit (LC) for the import of non-essential goods, in line with the instruction issued by Nepal Rastra Bank (NRB) last week.

KATHMANDU, March 13: Commercial banks have agreed not to hike the interest rate on their deposits from mid-March to mid-April.

KYIV, Feb 27: Western allies announced sweeping new sanctions against Moscow on Saturday, including kicking key Russian banks off the main global payments system, as a defiant President Volodymyr Zelenskiy said Ukrainian forces were repelling Russian troops advancing on Kyiv.

KATHMANDU, Feb 21: Commercial banks were able to increase their deposits by mere Rs 1 billion last week after they raised the interest rate on deposits to attract more funds.

KATHMANDU, Feb 12: Banks are increasing the interest rate on deposits citing the tight liquidity position in the country’s banking system.

KATHMANDU, Feb 8: Banks’ improper policies for deposit collection and mobilization, besides many other factors, has been found to be responsible for the ongoing problem of liquidity shortage.

KATHMANDU, Jan 27: Commercial banks were able to increase their profits by 10.09 percent in the first six months of the current fiscal year.

KATHMANDU, Jan 22: The commercial banks have raised their base interest rate on loans by more than two point percent effective from mid January, citing an increase in their expenses for the interest on deposits.

KATHMANDU, Jan 11: Commercial banks were able to collect additional deposits of Rs 59 billion over the past one week, which has given the banks some cushion at a time when they have been facing a liquidity shortfall.

KATHMANDU, Dec 25: Commercial banks have announced providing dividends of up to 38 percent to their shareholders.

KATHMANDU, Dec 21: The government has revised the ceiling of deposit, out of the grant amount being provided to the local governments, which the banks concerned have been using to maintain their credit-deposit (CD) ratio.

KATHMANDU, Dec 17: Commercial banks issued additional loans worth Rs 360 billion in the first five months of the current fiscal year, which was more than 16 times their deposit collections over the period.

KATHMANDU, Nov 21: The deposits collection by commercial banks declined by Rs 36 billion whereas the loan issuance increased by equivalent amounts in the one month period from mid-October to mid-November.

KATHMANDU, Nov 4: Nepal’s commercial banks earned a profit of Rs 18.11 billion in the first three months of the current fiscal year, which is 24.05 percent more than the amount in the same period last year.

KATHMANDU, Nov 3: Despite Nepal Rastra Bank (NRB)’s effort to curb interest rates on loans, the base rates of commercial banks have soared as high as 9.81 percent, which has made borrowing expensive.

KATHMANDU, Sept 28: The commercial banks in the country issued loans to their clients almost four times the deposit collection last week despite facing a liquidity crunch in recent days.

KATHMANDU, July 12: While most of the indicators of the economy are negative due to the COVID pandemic, the profit of the banking sector has increased significantly.

KATHMANDU, March 25: The banks and financial institutions (BFIs) in the country invested an additional Rs 26.95 billion in margin loans in the first seven months of the current fiscal year as they showed flexibility to invest in the sector after the lockdown and pandemic hit the country.

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

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.

Most banks report a decline in profits

January 29, 2021 12:15 pm

KATHMANDU, Jan 29: The impact of the COVID-19 pandemic on the banking sector is beginning to show. Bankers have said that the impact of COVID-19 has started to be felt after the profit of most banks declined in the first six months of the current fiscal year.

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.

Banking services listed as essential also get halted

NRB asks banks to make arrangement to allow employees to work from home

KATHMANDU, Aug 8: Banks and financial institutions (BFIs) have added 1,030 new branch offices across the country in 11 months of the last fiscal year 2019/20, reflecting an aggressive expansion drive of the banking industry to provide financial intermediary services.

KATHMANDU, March 25: Banks and financial institutions (BFIs) will now halt the recovery of loan installment until mid-April (Chaitra end).

Actor-director Elizabeth Banks has found her next project, she is set to feature in and helm 'Invisible Woman', a horror film set at Universal.

KATHMANDU, Sept 1: Most of the private banks, which closed down their ATM services citing hacking threats, have now resumed their services.

KATHMANDU, Aug 7: Nepal Rastra Bank (NRB) has revised a formula to calculate spread that a bank must maintain between their deposits and lending rates.

KATHMANDU, July 26: Commercial banks will have to float nearly Rs 62 billion worth of debentures in the current fiscal year to meet the new requirement introduced by the Nepal Rastra Bank (NRB) through its monetary policy.

KATHMANDU, July 25: Nepal Rastra Bank (NRB) has announced a number of incentives and facilities for bank and financial institutions (BFIs) pursuing merger in a bid to promote consolidation in banking sector.

KATHMANDU, July 5: Seven commercial banks have submitted their written commitment to the Nepal Rastra Bank (NRB) for merger in line with recent instruction of Governor Chiranjibi Nepal.

KATHMANDU, June 28: Nepal Rastra Bank (NRB) has sought commitments from the commercial banks for their readiness to go for 'big' merger and acquisition (M&A) in line with the announcement made in the budget speech for the upcoming fiscal year 2019/20.

Dangers of forced merger

June 19, 2019 00:30 am

Moving toward a regulatory driven forced merger will be dangerous and detrimental to stability of Nepal’s banking system

KATHMANDU, May 11: Commercial banks have posted an impressive profit growth in the third quarter of the current fiscal year – FY2018/19 even when they have been grappling with shortage of lendable funds.

KATHMANDU, Feb 21: Nepal Rastra Bank (NRB) has issued a circular to bank and financial institutions (BFIs), enacting three provisions introduced through the mid-term review of Monetary Policy for Fiscal Year 2018/19.  In the circular issued to BFIs on Wednesday, the central bank directed BFIs to lower the maximum interest rates on loans floated under the general refinance fund to 8 percent.

KATHMANDU, Feb 16: Prime Minister KP Sharma Oli has urged the banks not to impose interest rate arbitrarily. PM Oli said this during a delegation of the FNCCI at his residence, Baluwatar, today.

KATHMANDU, Feb 1: Nepal Rastra Bank (NRB) has sought details of loans that bank and financial institutions (BFIs) have floated until mid-January under subsidized loan schemes.