KATHMANDU, July 26: Nepal Rastra Bank (NRB) through its monetary policy for the current fiscal year 2024/25 has introduced a provision for collateral-free loans to those going for foreign employment.

KATHMANDU, July 26: The Nepal Rastra Bank (NRB) has decided to review the interest rate for loans to be issued by microfinance companies.

KATHMANDU, July 26 The government has introduced special provisions in the monetary policy to support the implementation of key initiatives outlined in the current fiscal year's budget.

KATHMANDU, July 26: Nepal Rastra Bank (NRB) has implemented flexible measures through the monetary policy of the current fiscal year 2024/25 to manage the pressure on the capital funds of banks and financial institutions (BFIs)

KATHMANDU, July 26: The Nepal Rastra Bank (NRB) has introduced a new policy to safeguard depositors, announcing that it will return up to Rs 500,000 to individuals using the assets of cooperatives’ operators and their family members as collateral.

KATHMANDU, July 26: Nepal Rastra Bank (NRB) has introduced flexibility in share mortgage loans by abolishing the previous Rs 200 million limit. Governor Maha Prasad Adhikari announced this change as part of the new monetary policy on Friday.

KATHMANDU, July 26: The Nepal Rastra Bank (NRB) is scheduled to announce its monetary policy for the fiscal year 2024/25 today.

KATHMANDU, July 23: Nepal’s total trade volume in Fiscal Year 2023/24 declined 1.33 percent compared to the previous fiscal year due to the economic slowdown that grappled the country throughout the period.

KATHMANDU, July 17: Nepal Rastra Bank (NRB) is set to mop Rs 50 billion on Wednesday to address excess liquidity in the banking system.

KATHMANDU, July 13: Profits of banks and financial institutions (BFIs) dropped 16.05 percent to Rs 61.96 billion in the first 11 months of the current fiscal year mainly due to a decline in their businesses and soaring non-performing loans.

KATHMANDU, July 10: The year-on-year consumer price inflation moderated to 4.17 percent in mid-June compared to 6.83 percent in the same month last year.

KATHMANDU, July 10: Nepal Rastra Bank (NRB) has taken initiatives to facilitate a digital payment system to ease the cross-border financial transaction amid growing complaints of traders facing problems.

KATHMANDU, July 8: Maha Prasad Adhikari, the governor of Nepal Rastra Bank, has said that the present problem has arisen in the co-operative sector because of allowing unlimited savings collection.

KATHMANDU, June 29: Foreign companies without regulatory oversight in Nepal will now be allowed to repatriate dividends abroad based on self-declaration. Nepal Rastra Bank (NRB) has simplified this process by revising the foreign exchange regulations.

KATHMANDU, June 28: Banks and Financial Institutions (BFIs) can now issue perpetual non-cumulative preference shares in order to raise additional capital.

KATHMANDU, June 20: The Nepal Rastra Bank (NRB) on Thursday mopped Rs 50 billion from the banking system, following an increase in liquidity in the market.

KATHMANDU, June 12: Banks have reduced their interest rates on loans by an average of 2.31 percentage points in the past one year, while it is still on a declining trend.

KATHMANDU, June 11: Nepal’s foreign currency reserves climbed to Rs 1.942 trillion as of mid-May this year, mainly due to a whopping rise in the inflow of remittances.

KATHMANDU, June 9: Nepal Rastra Bank (NRB) has mopped Rs 30 billion from the market on Sunday. The central bank decided to take this measure due to the accumulation of excess liquidity in the financial system.

KATHMANDU, June 9: Nepal Rastra Bank (NRB) has called for suggestions for the monetary policy for the fiscal year 2024/25.

KATHMANDU, June 4: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has said the central bank will endorse a flexible monetary policy for the next fiscal year, keeping the interest of the private sector in priority.

KATHMANDU, June 1: Nepal Rastra Bank (NRB) has unveiled a 13-point policy to extend financial access to the people.

KATHMANDU, May 27:  Banks have not yet returned the interest raised by increasing the premium on loans contrary to the instructions of the Nepal Rastra Bank (NRB).

KATHMANDU, May 18: The expenditure incurred by Nepalis traveling abroad is almost two and a half times more than the amount brought in by foreign tourists.

KATHMANDU, May 12: The consumer price inflation moderated to 4.61 percent between mid-March and mid-April from 4.82 percent in the previous month, mainly due to the slow increase in the prices of non-food and services during the period.

KATHMANDU, April 18: Nepali banks and financial institutions (BFIs) increased their lending by 4.3 percent in the first eight months of the current Fiscal Year (FY) 2023/24.

KATHMANDU, March 17: In a major breakthrough on facilitation of cross-border online payments, Nepal Rastra Bank (NRB) has revised its policy permitting traders and Nepali workers in India to use digital platforms to transfer their money.

KATHMANDU, March 11: Large stock investors have increased their utilization of share mortgage loans, marking an increase by 11.6 percent in seven months. According to the data of Nepal Rastra Bank (NRB), till mid-February, loans of margin trading (share securities) have surged to Rs 85.172 billion whereas, till mid-July, 2023, the disbursement stood at Rs 76.30 billion.

KATHMANDU, Feb 29: The Report Study and Implementation Recommendation Committee led by former Nepal Rastra Bank (NRB) Governor Deependra Bahadur Kshetry, has submitted its fourth report on Nepal Airlines Corporation Structural Reforms Study Committee.

KATHMANDU, Feb 12: At a time when banks have been experiencing an increasing pressure in their capital adequacy fund, Nepal Rastra Bank (NRB) has introduced measures to address the issue through the mid-term review of the Monetary Policy 2023/24.

KATHMANDU, Feb 7: Nepal is cushioned with a notable rise in the foreign currency reserves as of mid-January, thanks to a significant increase in the remittance inflows in the past six months.

KATHMANDU, Feb 7: The loans extended by banks and financial institutions to the private sector increased by 4.9 percent in the first six months of the current fiscal year, according to the Nepal Rastra Bank (NRB).

KATHMANDU, Feb 6: The consumer price inflation moderated to 5.26 percent as of mid-January, compared to 7.26 percent a year ago.

KATHMANDU, Feb 6: The country's foreign exchange reserves have exceeded Rs 1.816 trillion

KATHMANDU, Jan 7: Nepal Rastra Bank (NRB) has initiated a plan to issue commemorative coins representing all seven provinces, each valued up to Rs 4,000. Thaneshwor Acharya, Head of the Mint Division within the Currency Management Department of NRB, said the process of coin issuance has started.

KATHMANDU, Dec   29:  The Supreme Court has issued a show cause order on a writ petition filed against Nepal Rastra Bank Governor Mahaprasad Adhikari over his academic qualifications.

KATHMANDU, Dec 29: Nepal Rastra Bank (NRB) has increased the limit of foreign currency migrant workers bound for a number of European countries and the US can carry to USD 500 from the existing USD 200.

KATHMANDU, Dec 29: As the country is reeling under an economic slowdown, the production capacity of factories operating in Lumbini Province has shrunk by 5.54 percent.

KATHMANDU, Dec 25: Nepal Rastra Bank (NRB) is set to withdraw an additional Rs 35 billion from the banking system, through receiving deposit collection from the commercial banks, while starting the process from Wednesday.

KATHMANDU, Dec 22: The Indian company awarded the tender to print banknotes of Rs 1000 denomination with security threads has not yet delivered the notes. Nepal Rastra Bank (NRB) granted approval to Security Printing & Minting Corporation of India Ltd in November 2022 to print Rs 1000 banknotes worth Rs 430 million. However, the company, approved to print a total of US $11.13 million (approximately Rs 1.47 billion), has not submitted a single banknote as per the agreement.

KATHMANDU, Dec 15: Nepal Rastra Bank (NRB) is collecting deposits equivalent to Rs 10 billion from December 17.

KATHMANDU, Dec 5: The Nepal Rastra Bank (NRB) is said to allocate Rs 25 billion from its profit of the last fiscal year (FY) for the Government of Nepal. The board of directors of NRB approved the annual report, audited by external auditors for FY 2022/23.

KATHMANDU, Dec 3: Bankers have expressed their dissatisfaction over the Nepal Rastra Bank (NRB)’s newly enforced rule on blacklisting of the loan defaulters.

KATHMANDU, Nov 28: Nepal Rastra Bank (NRB) has enforced stringent policy on hire-purchase loans by capping penal amounts and barring companies concerned to take service charges on such credit.

KATHMANDU, Nov 22: The US Dollar has soared to unprecedented levels against the Nepali rupee, reaching a record high, according to Nepal Rastra Bank (NRB).

KATHMANDU, Nov 21: In the first quarter of the current fiscal year, the government has mobilized about Rs 100 billion internal debt, but in the second quarter, the government will mobilize only Rs 31 billion under internal debt.

KATHMANDU, Nov  20: Prime Minister Pushpa Kamal Dahal is taking steps to improve the country's economy by creating a special group to address its issues. He is meeting with government officials from departments like the Ministry of Finance and Nepal Rastra Bank today at 4 PM to discuss ways to improve the economy.

KATHMANDU, Nov 15: The year-on-year (y-o-y) consumer price inflation in the Kathmandu Valley, Terai, Hill and Mountain region surged to 10.23 percent, 5.66 percent, 7.38 percent and 10.24 percent respectively, the Nepal Rastra Bank (NRB) stated in its Current Macroeconomic and Financial Situation of Nepal Report based on three months data ending Mid-October, 2023/24.

KATHMANDU, Nov 12: The number of people taking loans from banks to build houses has increased. In the first three months of the current fiscal year, personal residential house loans given by banks have increased by about Rs 27 billion.

KATHMANDU, Nov 10: The country's foreign exchange reserves have increased by 6.7 percent in three months.