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.

KATHMANDU, Nov 10: The Nepal Rastra Bank has temporarily increased the limit for depositing funds in e-wallets operated by digital payment service providers.

KATHMANDU, Nov 10: Finance Minister Dr Prakash Sharan Mahat has urged Asian banks to invest in Nepal.

KATHMANDU, Nov 3: Nepal Rastra Bank (NRB) and the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) have signed a Memorandum of Understanding (MoU) to formulate a comprehensive economic policy and enhance the industrial and business environment.

KATHMANDU, Nov 1: Finance Minister Dr Prakash Sharan Mahat has said Nepal requires sufficient financial resources for its economic development and transformation.

KATHMANDU, Oct 17: Nepal Rastra Bank (NRB) has published the current economic and financial situation of the country based on the data of the first two months of the current fiscal year 2023/24.

KATHMANDU, Oct 17: The money sent abroad from Nepal for educational purposes has doubled.

KATHMANDU, Oct 17: In the first two months of the current fiscal year (FY) 2023/24, Nepal has received Rs 228 billion in remittances.

KATHMANDU, Oct 16: Nepal Rastra Bank (NRB) has announced that new banknotes distribution targeted for the festival will continue till Friday.

KATHMANDU, Oct 2: In the month of Shrawan (mid-July to mid-August 2023), Nepal received the all-time high remittance inflow. Nepali migrant workers sent a total of Rs 116.2 billion in remittances through official channels.

KATHMANDU, Sept 29: Foreign Direct Investment (FDI) in Nepal reached Rs 264 billion by the end of the fiscal year 2021/22. According to Nepal Rastra Bank (NRB), the total FDI increased by 16 percent compared to the fiscal year 2020/21.

NRB to allow import of 20 kg gold daily

September 28, 2023 14:00 pm

KATHMANDU, Sept 28: The amount of gold that can be imported to the country daily has been fixed at 20 kg.

KATHMANDU, Sept 22: Nepal Rastra Bank (NRB) has doubled the daily gold import quota.

KATHMANDU, Sept 19: Governor of the Nepal Rastra Bank (NRB), Maha Prasad Adhikari, has said the situation of trade deficit would end if power worth Rs 130 billion is exported annually.

KATHMANDU, Sept 16: In yet another effort to raise domestic loans amid ongoing crunch in its financial resources, the government is issuing development bonds worth Rs 9.4 billion.

KATHMANDU, Aug 18: In the fiscal year 2079/80 BS (2022/23), Nepal witnessed an influx of remittances, averaging over 100 billion monthly. According to the annual data of last year released by Nepal Rastra Bank on Friday, a total of Rs 1.2 trillion was received in remittances till mid-July. In the last fiscal year, remittances surged by 21.2 percent compared to the previous year.

KATHMANDU, Aug 14: The Mint Division of Nepal Rastra Bank (NRB) has started weighing the gold which is said to be around 100 kg and which was seized from outside the Tribhuvan International Airport (TIA) a few weeks back.

KATHMANDU, Aug 11: The development bond-2088 BS worth Rs 10 billion over an eight year period will be sold through auction on Sunday. On behalf of the government, Nepal Rastra Bank (NRB) is going to raise loans through development bonds.

KATHMANDU, Aug 9: The Government of Nepal has given approval to Nepal Rastra Bank (NRB) to mint 150 million coins each with the denomination of Rs 5.

KATHMANDU, Aug 7: Nepal Rastra Bank (NRB) has increased the ceiling on use of foreign currency on imports to US $60,000 from existing USD 50,000 for one-time transaction.

KATHMANDU, July 30: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has said the Monetary Policy for the current fiscal year came with a review of the overall existing scenario of the nation's economy.

KATHMANDU, July 28: Nepal Rastra Bank (NRB) has amended the Unified Directives 2079 BS issued for A, B and C class banks licensed by the central bank.

KATHMANDU, July 25: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has said that special arrangements will be made for borrowers who are in trouble due to various natural disasters.

KATHMANDU, July 24: The private sector has slammed the Monetary Policy 2023/24 unveiled by Nepal Rastra Bank (NRB) on Sunday, stating that the policy would not effectively help revitalize the economy, which is in dire straits.

KATHMANDU, July 20: At a time when Finance Minister Dr. Prakash Sharan Mahat is publicly assuring that all the problems seen in the economy will be addressed through monetary policy, Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has stated that the monetary policy has its limitations and cannot address all the economic problems with its limited tools at its disposal.

KATHMANDU, July 10: The consumer price inflation moderated in the eleventh month of the current fiscal year.