KATHMANDU, Feb 23: Nepal Rastra Bank (NRB) has asked the banks and financial institutions (BFIs) to maintain the difference between the interest rates on institutional deposit and individual deposit by at least one percent effective from March 14.

KATHMANDU, Dec 15: The Supreme Court (SC) on Thursday rejected the plea of the bankers, asking them to pay income tax dues on profits and dividends generated from the premium of Further Public Offerings (FPOs) and on the gains obtained during merger and acquisition transactions.

KATHMANDU, June 27: Minister for Land Management, Cooperatives and Poverty Alleviation, Sashi Shrestha has said that the government has not barred banks and financial institutions from keeping land as collateral.

KATHMANDU, August 23: Financial access has reached 750 local levels of the country. A study has shown that banks and financial institutions are yet to reach only three local levels in the country. With the expansion of the banks at the local level, financial access in Nepal has increased by 6.44 percent in one year.

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, July 23: Nepal Rastra Bank (NRB) has issued a circular to bank and financial institutions (BFIs), restricting them from arbitrary charging their clients for service, administrative and other fees.

KATHMANDU, May 12: Bank and financial institutions (BFIs) have floated a total of Rs 161.24 billion in loans to deprived sector in the first eight months of the current Fiscal Year 2018/19, a jump by whooping 17.1 percent, or Rs 23.52 billion, largely driven by expansion of the targeted sectors entitled to get concessional financing.

KATHMANDU, April 18: Though it has been nearly six months that the government introduced concessional loan scheme for various groups, including workers returning from foreign employment, women entrepreneurs and people from the ‘Dalit’ community, the total amount of loans floated by bank and financial institutions (BFIs) except certain agro and livestock business is paltry.

KATHMANDU, April 11: Nepal Rastra Bank (NRB) has simplified the process of opening bank account as part of its effort to help the government in increasing people's access to finance.

KATHMANDU, March 22: Nepal Rastra Bank (NRB) has shown flexibility in taking action against bank and financial institutions (BFIs) that are not floating loans to priority sectors as required by its rules.

NRB’s directive to banks and BFIs

January 14, 2019 17:17 pm

KATHMANDU, Jan 14: Nepal Rastra Bank (NRB) has directed the banks and financial institutions to submit the details of all the loans and facilities they have approved to it.