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

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.

KATHMANDU, Jan 10: The credit-deposit (CD) ratio of banks and financial institutions (BFIs) have fallen below 80 percent due to slow increase in lending compared to the excessive rise in deposit collection.

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, Sept 3: The Supreme Court (SC) has ruled that no organization can terminate an employee without proper cause and doing so would be against the law. The joint bench comprising Justices Ananda Mohan Bhattarai and Hari Prasad Phuyal has clarified that the Labor Act applies to employees of banks and financial institutions as well. The bench also explained that the punishment should be based on the misconduct of the worker. According to the judgment of the bench, the case of employees working in banks and financial institutions can be heard by the labor court.

The economic landscape of any nation is a complex web of interconnected factors, often susceptible to fluctuations that have far-reaching consequences. As the Fiscal Year 2022/23 came to a close, Nepal found itself grappling with a notable slowdown in private sector lending by Banks and Financial Institutions (BFIs).

KATHMANDU, August 20: Lending by banks and financial institutions (BFIs) to the private sector slowed in the last fiscal year due to the economic slowdown that severely affected private sector businesses during the period.

KATHMANDU, June 14: Banks and financial institutions (BFIs) are likely to reduce the interest rates on loans from Friday, the beginning of the Nepali month of Asadh, with the increase in loanable funds with them.

KATHMANDU, April 5: Nepal Rastra Bank (NRB) has asked the banks and financial institutions (BFIs) to run 24-hour helpdesk to take grievances of the card users.

Kathmandu, March 15: Businesspersons who were protesting against high interest rates of Banks and Financial Institutions (BFIs) have withdrawn their protest programs. The business sector had formed the Bank and Financial Problems Struggle Committee to wage protest programs since the past four days. They withdrew all the protest programs after meeting with the prime minister on Tuesday.

KATHMANDU, March 7: At a time when banks and financial institutions (BFIs) have been struggling to recover their loan amount, savings and credit cooperatives (SACCOS) have also been found landing on similar problems mainly due to the credit taken by their board members.

KATHMANDU, March 6: The government has shown concerns over the ongoing problems surfaced in the banking sector only after the country’s economic activities have started to show negative impacts along with the dwindling businesses of banks and financial institutions (BFIs).

KATHMANDU, March 5: The Ministry of Home Affairs (MoHA) has instructed the district administration offices across the country to prevent wrongful activities against Banks and Financial Institutions (BFIs).

KATHMANDU, Feb 13: Nepal Rastra Bank (NRB) has instructed the banks and financial institutions (BFIs) to operate essential banking services today despite it being a public holiday. After the government announced a public holiday today, the central bank issued a notice and instructed all BFIs to operate at least the essential services.

KATHMANDU, Feb 11: Nepal Rastra Bank (NRB) has made provisions for banks and financial institutions (BFIs) to restructure and reschedule the outstanding loans up to Rs 20 million given to small and medium enterprises (SMEs) by mid-July 2024 in an attempt to give respite to the SMEs.

KATHMANDU, Jan 21: Nepal Rastra Bank (NRB) has stepped up efforts to bar banks and financial institutions (BFIs) from showing the capitalized interest during the moratorium period of outstanding loans in their profit account.

NRB to issue repo worth Rs 50 billion

December 29, 2022 14:35 pm

KATHMANDU, Dec 29: Nepal Rastra Bank (NRB) is to issue a repo worth Rs 50 billion for managing liquidity in banks and financial institutions (BFIs).

KATHMANDU, Nov 7: The outstanding amount of refinance provided by Nepal Rastra Bank (NRB) remained Rs.108.49 billion in mid-September 2022. As of mid-September 2022, the outstanding concessional loan is Rs. 213.23 billion extended to 147,926 borrowers. Of which, Rs.139.67 billion has been extended to 60,302 borrowers for selected commercial agriculture and livestock businesses, the Central Bank stated in the Current Macroeconomic and Financial Situation Report released in October. The Report is based on two months' data ending Mid-September,  FY 2022/23.

KATHMANDU, Nov 4: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Province 1 chapter is set to start a protest stating that businesses had to be closed down due to the high interest charged by the banks and financial institutions (BFIs).

KATHMANDU, Sept 5: The Nepal Rastra Bank (NRB) intends to invest Rs 2 billion of the Retirement Fund in the fixed deposits of banks and financial institutions (BFIs).

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, Aug 2: The government has fixed the ceiling of interest rate charged by the cooperatives at 16 percent, informed Ministry for Land Management, Co-operatives and Poverty.