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Single borrower takes loan of Rs 5,217,834 from 17 microfinance institutions
November 8, 2023 13:30 pm
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.
NRB tightens the noose around microfinance companies exploiting customers
February 24, 2023 08:30 am
KATHMANDU, Feb 24: After a number of microfinance institutions (MFIs) were found exploiting their customers by slapping exorbitant interest rates, NRB has enforced stringent policies for the sector.
NRB introducing provision to bar a person from taking loans from multiple microfinance institutions
February 21, 2023 10:00 am
KATHMANDU, Feb 21: Executive Director of Nepal Rastra Bank (NRB) Revati Prasad Nepal has said that the central bank is going to introduce a provision where one person cannot take loans from multiple microfinance institutions.
June 14: 6 things to know by 6 PM today
June 14, 2019 18:00 pm
Your daily dose of missed important news of the day.
NRB governor urges microfinance institutions to opt for merger
June 14, 2019 14:52 pm
KATHMANDU, June 14: Governor of the Nepal Rastra Bank Chiranjivi Nepal on Friday appealed all the microfinance institutions (MFIS) to opt for merger.
MFIs to be allowed to provide payment service
October 3, 2018 09:56 am
KATHMANDU, Oct 3: Microfinance institutions (MFIs) will now be allowed to provide payment service through electronic means, payment cards and mobile wallet.
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