KATHMANDU, September 21: The manufacturing sector in Lumbini Province has been operating at only 48.80 percent capacity, with more than half the industrial capacity of the province remaining unutilized.

KATHMANDU, Sept 21: Banks and financial institutions have started providing new bank notes starting Monday.

KATHMANDU, Sept 20: Banks and financial institutions have started providing new banknotes for use in the Dashain festival from Monday.

KATHMANDU, September 17: Nepal Rastra Bank (NRB) on Thursday injected an additional Rs 20 billion in the domestic financial system in an attempt to ease a growing shortfall of liquidity in the banking system.

Mobile wallet cash transfer limit doubled

September 14, 2021 19:00 pm

KATHMANDU, September 14: Nepal Rastra Bank (NRB) has doubled the limit of transactions carried out through mobile wallet platforms.

KATHMANDU, September 13: Keeping in view of the Dashain festival, Nepal Rastra Bank (NRB) has announced to circulate fresh paper notes from September 20.

KATHMANDU, September 9: Nepal Rastra Bank (NRB) has warned all concerned not to carry out transactions of the cryptocurrency in the country.

KATHMANDU, Sept 2: Nepal bought Indian rupees (INR) equivalent to Rs 535.23 billion by selling US dollars to finance the imports from the southern neighbor in the last fiscal year.

KATHMANDU, Sept 1: Nepal Rastra Bank (NRB) is forming an oversight unit to monitor and regulate the payment service providers and payment service operators across the country.

KATHMANDU, August 26: Consumer inflation in the last fiscal year stood at 3.6 percent, which is probably the lowest annual average price rise in the past two decades.

KATHMANDU, August 26: Nepal Rastra Bank (NRB) has turned lenient to its newly-enforced rule of credit-deposit ratio (CD Ratio) by allowing the banks to incorporate the refinance loan in their deposit.

KATHMANDU, August 15: Nepal Rastra Bank (NRB) on Friday unveiled the monetary policy 2021/22 amid ongoing criticism for delaying to issue one of the country’s important macroeconomic policies.

KATHMANDU, August 14: The country’s private sector has welcomed the monetary policy 2021/22, stating that the macroeconomic policy could provide respite to the COVID-19 affected industries including small and medium enterprises (SMEs) and tourism businesses, along with speeding up the economic recovery.

KATHMANDU, August 13: Nepal Rastra Bank has announced to promote fiscal year 2021/22 as electronic transaction promotion year.

KATHMANDU, August 13: The Governor of Nepal Rastra Bank (NRB), Maha Prasad Adhikari is unveiling the monetary policy for the fiscal year 2021/22 from NRB headquarters in Baluwatar.

NRB releasing monetary policy today

August 13, 2021 13:29 pm

KATHMANDU, August 13: Nepal Rastra Bank is going to make the monetary policy for the current fiscal year 2021/22 public today. A meeting of the Board of Directors of NRB held to discuss the monetary policy endorsed the policy for the current fiscal year.

KATHMANDU, July 22: Search for hackers threatening to hack the systems of 15 banks of Nepal in Viber has begun, according to the Nepal Rastra Bank (NRB), the country’s central bank.

KATHMANDU, July 18: The monetary policy for fiscal year 2021/22 that was supposed to come online on Sunday has been postponed with the formation of a new government.

KATHMANDU, July 1: The Nepal Rastra Bank (NRB) has urged people not to believe in any deceptive information circulated on social networking sites from its alleged facebook page.

KATHMANDU, June 19: Nepal Association of Travel Agents (NATA) has demanded that Nepal Rastra Bank (NRB) reschedule the loan payment deadline for the tourism businesses to mid-April, next year.

KATHMANDU, June 15: While the number of people going for foreign employment is declining due to the COVID-19 pandemic, the remittances sent by Nepalis living and working abroad is continuously increasing.

KATHMANDU, May 26: Nepal Rastra Bank (NRB) has barred banks and financial institutions (BFIs) from making short-term investments in the secondary market, at a time when the stock exchange market is witnessing a whopping rise in transactions.

KATHMANDU, May 25: Nepal Rastra Bank (NRB) has created a fund of Rs 50 billion to support providing payments to the workers in tourism, cottage, small and medium size industries that are largely affected by COVID-19.

KATHMANDU, May 20: Nepal bought Indian currency (IC) equivalent to Rs 404.70 billion by selling US dollars to finance the imports from the southern neighbor during the first nine months of the current fiscal year, which was 16 percent more than the amount during the same period of the last fiscal year.

KATHMANDU, May 17: The online transactions have taken pace after the country started facing disruption on in-person trading due to risk of the coronavirus infection.

KATHMANDU, May 16: Nepal Rastra Bank (NRB) has released a total of Rs 123.14 billion to 48,860 individuals under refinance schemes in the first nine months of the current fiscal year.

KATHMANDU, May 2: Nepal Rastra Bank (NRB) has asked payment service providers to continue their everyday business through less than 20 percent of the workforce in the locations where prohibitory orders have been enforced.

KATHMANDU, April 21: Nepal Ratra Bank (NRB) has asked the individuals and banks and financial institutions (BFIs) concerned to exchange the Qatari Riyal banknotes of the fourth edition.

KATHMANDU, April 13: Nepal has received Rs 642.14 billion in remittance in the first eight months of the current fiscal year.

KATHMANDU, March 18: Nepal Rastra Bank (NRB), the country’s central bank, released a total of Rs 82.29 billion under refinance schemes in the first seven months of the current fiscal year.

KATHMANDU, March 17: Consumer inflation stood at 2.70 percent in the first seven months of the current fiscal year, almost one-third of the rate in the same period last year.

KATHMANDU, March 4: Nepal Rastra Bank (NRB) has doubled the upper limit for cash transactions through digital payment channels including mobile banking and internet banking platforms.

KATHMANDU, March 3: Nepal Rastra Bank (NRB) has barred the Quick Response (QR) code payment service providers from charging a fee from the customers under any headings.

KATHMANDU, March 2: Nepal Rastra Bank (NRB) has warned the banks and financial institutions (BFIs) to take action if they are found not maintaining the spread rate as provisioned by the monetary policy.

KATHMANDU, Feb 22: Nepal Rastra Bank (NRB) took action against four commercial banks for breaching the rules enforced by the regulator.

KATHMANDU, Feb 16: Nepal bought Indian rupees worth Rs 241.31 billion by selling US dollars to finance the imports from the southern neighbour during the first six months of the fiscal year compared to that of Rs 229.55 billion in the same period in the last fiscal year.

KATHMANDU, Feb 11: Commercial banks that are facing allegations of charging service fees in an arbitrary manner from their clients have piled up pressure on Nepal Rastra Bank (NRB) to provide them autonomy to determine the service charge amount to their clients.

KATHMANDU, Feb 7: Nepal Rastra Bank (NRB) has stepped up efforts to integrate the Quick Response (QR) code payment platforms under a single network system to facilitate easy transaction and to maintain transparency in the digital payment mode.

KATHMANDU, Jan 26: Nepal Rastra Bank (NRB) in its Current Macroeconomic report of the first five months of the current fiscal year has stated that the consumer price inflation remained 2.93 percent during the period.

KATHMANDU, Jan 15: Nepal Rastra Bank (NRB) has put a curb on the firms receiving loan in foreign currency from lending institutions abroad.

KATHMANDU, Jan 10: Nepal Rastra Bank (NRB), the country’s central bank, has started an enquiry against the banks that have been blamed for mounting undue pressure on the borrowers to clear their loans.

KATHMANDU, Jan 9: In a bid to expand online fund transfer facilities, Nepal Rastra Bank (NRB) has incorporated 10 development banks and finance companies in the Real Time Gross Settlement (RTGS) system.

KATHMANDU, Jan 7: Nepal Rastra Bank (NRB) has permitted banks to take the service charge from people for using one bank’s ATM card to withdraw money from another bank’s ATM.

KATHMANDU, Jan 5: Bank promoters have complained to the Ministry of Finance that the Nepal Rastra Bank (NRB), the country’s central bank, has adopted a policy of micromanaging the banks and financial institutions (BFIs).

KATHMANDU, Jan 2: Nepal Rastra Bank (NRB) has invited applications from the business enterprises affected by COVID-19 for the refinance service offered by the central bank.

Food and beverage inflation stands at 5.73 percent

Decoding monetary policy

July 26, 2020 14:00 pm

The Nepal Rastra Bank recently released the monetary policy for the current fiscal year 2020/21. This is the 19th in the series after the Nepal Rastra Bank started to introduce the annual monetary policy in 2002 in line with a provision of the Nepal Rastra Bank Act (2002).

KATHMANDU, July 16: Nepali Congress (NC) has concluded that the importance of the upcoming monetary policy for the current fiscal year 2020/21 is greater than the previous fiscal years.

KATHMANDU, April 29: Nepal Rastra Bank (NRB) has directed the banks and financial institutions to provide a two percent discount on the interest rate to minimize the impact of COVID-19 on borrowers.

KATHMANDU, Mar 4: The Nepal Rastra Bank (NRB) has softened its lending limit for first-time homebuyers giving respite to the manufacturers of construction materials that have been running in under capacity.