October 2, 2024 09:00 am
KATHMANDU, Oct 2: Commercial banks of Nepal have reduced their base interest rate to 7.69 percent from 7.92 percent for this month (mid-September to mid-October) citing excessive loanable funds lying with them.
September 17, 2024 20:42 pm
KATHMANDU, Sept 17: Commercial banks made a net profit of Rs 9.17 billion in the first month (mid-July to mid-August) of the current fiscal year (FY) 2024/25.
September 7, 2024 14:20 pm
KATHMANDU, Sept 7: Commercial banks have reduced the base interest rate at an average of 7.92 percent for this month (mid-August and mid-September) after they are left with excessive loanable funds.
August 29, 2024 08:10 am
KATHMANDU, Aug 29: Commercial banks of Nepal have lowered their interest rate on fixed deposits to as low as 6.54 percent per annum after having excessive loanable funds amid slow demand for credits.
August 22, 2024 10:00 am
KATHMANDU, Aug 22: Lending interest rates of the commercial banks have declined to a 30-month low. Despite the low interest rates, banks have been struggling to expand their businesses due to the low demand for the bank loans.
August 6, 2024 11:45 am
KATHMANDU, Aug 5: The net profit earnings of commercial banks reportedly increased by 13.39 percent in the last fiscal year.
July 17, 2024 08:10 am
KATHMANDU, July 17: Majority of commercial banks have lowered their interest rates on deposits by an average of 0.14 percent per annum for the next one month starting from Tuesday.
June 15, 2024 20:05 pm
KATHMANDU, June 15: Commercial banks have reduced their interest rates for the month of Ashadh (mid-June to mid-July). Commercial banks have reduced interest rates with effect from June 15. The average interest rate on personal fixed deposits has been fixed at 6.86 percent.
May 14, 2024 08:00 am
KATHMANDU, May 14: A number of commercial banks of Nepal have decided to lower the interest rates on their deposits effective from Tuesday.
April 21, 2024 08:00 am
KATHMANDU, April 21: Nepal Rastra Bank (NRB) has kept 18 out of 20 commercial banks under its watchlist after these banks were suspected of failing to abide by the central bank’s regulations.
April 17, 2024 07:30 am
The integrity of financial institutions is critically important for the economic stability of any country. In Nepal, where commercial banks play a critical role in the nation's financial infrastructure, the importance of ensuring adherence to good governance practices cannot be underestimated. Recent findings from the Nepal Rastra Bank (NRB) in its 'Bank Supervision Report 2022/23' have raised significant concerns about the operational and systemic integrity of these institutions.
April 16, 2024 09:30 am
KATHMANDU, April 16: Commercial banks of Nepal have been found not following the good governance practices in their day-to-day operation, according to the Nepal Rastra Bank (NRB). This has created serious risks in the long-term financial health of the intermediaries.
April 12, 2024 13:00 pm
KATHMANDU, April 12: Most of the commercial banks have reduced the deposit interest rates for the month of Baisakh (mid-April to mid-May) as well. According to the new interest rate table published by the banks on Friday, the maximum average interest rate for personal term has decreased by 0.19 percentage points compared to Chaitra (mid-March to mid-April).
April 11, 2024 07:50 am
KATHMANDU, April 11: The net profits of commercial banks declined 13.37 percent in the first eight months of the current fiscal year, thanks to the economic slowdown and an increase in the bad debts of the banks.
March 25, 2024 08:00 am
KATHMANDU, March 24: Majority of commercial banks have lowered their base interest rates on loans to single digit after they were overwhelmed with excess loanable funds.
March 24, 2024 21:00 pm
KATHMANDU, March 24: The downward trend in loan interest rates has commenced as banks gradually adjust their rates in response to continuous decreases in deposit interest rates over recent months.
March 13, 2024 11:00 am
KATHMANDU, March 13: Most of the commercial banks have reduced the deposit interest rate for the month of Chaitra (mid-March to mid-April). The latest interest rate table released by these banks indicates a decline in the average interest rate for personal term deposits by 0.51 percentage points in Chaitra (mid-March to mid-April) compared to Falgun (mid-February to mid-March).
February 12, 2024 13:00 pm
KATHMANDU, Feb 12: Commercial banks continue their trend of lowering interest rates, driven by a surge in liquidity over recent months.
January 28, 2024 18:48 pm
KATHMANDU, Jan 28: The country's sluggish economy has affected the banks’ balance sheets. Due to the problems seen in the economy, industries and businesses have been affected, and industrialists and businessmen have not been able to pay the interest on their loans on time.
January 15, 2024 08:30 am
KATHMANDU, Jan 15: Commercial banks of Nepal earned profits of Rs 28.36 billion in the first five months of the current fiscal year.
December 30, 2023 20:45 pm
KATHMANDU, Dec 30: Commercial banks have earned Rs 64.76 billion interest in four months of the current fiscal year (mid-July to mid-November).
December 30, 2023 20:45 pm
KATHMANDU, Dec 30: Commercial banks have earned Rs 64.76 billion interest in four months of the current fiscal year (mid-July to mid-November).
December 17, 2023 09:30 am
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).
December 16, 2023 17:25 pm
KATHMANDU, Dec 16: Commercial banks have announced new interest rates for the month of Paush (mid-December to mid-January).
December 12, 2023 08:00 am
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.
November 17, 2023 08:00 am
KATHMANDU, Nov 17: A number of commercial banks and development banks have reduced the interest rates on their deposit collection effective from Friday.
November 6, 2023 08:00 am
KATHMANDU, Nov 6: Bad debts of Nepal’s commercial banks surged more than double in the first three months of the current fiscal year, thanks to the non-recovery of the issued loans caused by ongoing economic slowdown.
November 4, 2023 10:00 am
KATHMANDU, Nov 4: The profits of Nepal’s commercial banks declined 18.60 percent in the first three months of the current fiscal year, thanks to the fall in demand for loans due to the ongoing economic slowdown.
October 18, 2023 21:31 pm
KATHMANDU, Oct 18: Nepal’s commercial banks earned net profits of Rs 16.64 billion in the first two months of the current fiscal year.
September 18, 2023 13:30 pm
KATHMANDU, Sept 18: Effective today, seven commercial banks have opted to decrease their deposit interest rates, while eight others have chosen to raise them. Four banks, however, have maintained their existing interest rates.
August 17, 2023 13:15 pm
KATHMANDU, Aug 17: In a significant departure from the recently abolished cartelization of interest rates by the Nepal Bankers' Association during the month of Shrawan (mid-July to mid-August), commercial banks have now embraced individualized interest rate structures for the upcoming Bhadra month (mid-August to mid-September).
August 7, 2023 18:00 pm
KATHMANDU, Aug 7: Nepal Rastra Bank (NRB) has taken action against three commercial banks. The officials of NRB have stated that the commercial banks that violated the regulatory system in the fourth quarter of the last fiscal year 2022/23 have been punished.
July 23, 2023 18:00 pm
KATHMANDU, July 23: According to the monetary policy unveiled on Sunday, banks provided the highest amount of loans to the agricultural sector in the last fiscal year 2022/23.
July 20, 2023 08:00 am
KATHMANDU, July 20: Nepal’s commercial banks earned hefty profits of over Rs 67.23 billion in the first 11 months of the last fiscal year despite a slump in the country’s economic activities.
July 14, 2023 09:00 am
KATHMANDU, July 14: Commercial banks will be setting the interest rate of deposits on their own as the Nepal Bankers’ Association (NBA) on Thursday decided not to intervene in the autonomy of the banks to make their own decision on the interest rates.
May 7, 2023 08:30 am
KATHMANDU, May 7: Although commercial banks of Nepal have started offering easy loans to their clients due to sufficient amounts of loanable funds, they are unable to raise the demand for loans from the borrowers.
April 25, 2023 08:00 am
KATHMANDU, April 25: The bad debts of Nepal’s commercial banks have increased by a notable ratio in the first nine months of the current fiscal year.
March 11, 2023 08:00 am
Commercial banks of Nepal on Thursday decided to reduce their premium interest rates on loans by one percentage point effective from March 15. The decision was made by the Nepal Bankers' Association (NBA), who opted to lower the premium rate to a maximum of 5% from the current 6%.
March 10, 2023 09:30 am
KATHMANDU, March 10: Nepali commercial banks will be reducing their premium interest rate on loans by one percent with effect from March 15.
March 5, 2023 09:45 am
KATHMANDU, March 5: Amid ongoing slump in the economic activities of the country, non-performing loans (NPL) of the commercial banks of Nepal have been reportedly doubled as of mid-January compared to the figure in the same period of last year.
February 9, 2023 09:00 am
KATHMANDU, Feb 9: Nepal Rastra Bank (NRB) has slapped a cash penalty against four commercial banks for breaching the laws related to money laundering.
January 12, 2023 09:30 am
KATHMANDU, Jan 12: Commercial banks of Nepal are likely to reduce the existing interest rates on deposits from Sunday, the beginning of the new Nepali month, after the banks were replenished with surplus liquidity.
January 10, 2023 14:30 pm
KATHMANDU, Jan 10: After the Nepal Rastra Bank (NRB) took a 'pressure policy' for the commercial banks to merge, the latter have gone/are going into mergers. Global IME Bank and Bank of Kathmandu merged and integrated business started from Sunday.
December 13, 2022 10:00 am
KATHMANDU, Dec 13: Commercial banks of Nepal are considering reviewing the existing interest rates on deposits from Friday, the beginning of the new Nepali month, after the banks have been cushioned with an improved liquidity.
December 12, 2022 09:30 am
KATHMANDU, Dec 12: The cases of suspicious transactions in commercial banks are on the rise despite growing concerns of Nepal Rastra Bank (NRB) to tighten the money laundering measures.
November 30, 2022 10:30 am
KATHMANDU, Nov 30: Nepal Rastra Bank (NRB) has taken action against a number of commercial banks found involved in misconduct in their daily operations.
March 14, 2022 19:30 pm
KATHMANDU, March 14: Commercial banks have collected deposits worth Rs 14 billion in the past three weeks while they provided loans worth Rs 10 billion during the same period.
November 14, 2021 12:21 pm
KATHMANDU, Nov 14: Finance Minister Janardan Sharma has urged banks to accept lands in rural areas as collateral for loans.
September 22, 2021 14:00 pm
KATHMANDU, Sept 22: It has been revealed that commercial banks have collected Rs 26 billion in deposits in the last one week at a time when the financial institutions are expected to face a liquidity crunch.
August 20, 2021 07:30 am
KATHMANDU, August 20: The profits earned by the 27 commercial banks in the last fiscal year soared by 19.31 percent, backed by the flexible monetary policy and the banks’ earnings from the transaction of shares amid the impacts of the COVID-19 pandemic.