KATHMANDU, Sept 27: Small and medium enterprises (SMEs) in Nepal have been largely relying on the ancestral property of their proprietors for the initial investment to start their businesses, according to the latest study report of the Nepal Rastra Bank (NRB).

Rise in prices of consumable goods, labor costs and Indian inflation pushed prices up: NRB

KATHMANDU, Sept 20: Nepal Rastra Bank (NRB) is providing exchange facility for crisp banknotes for the Dashain festival from September 27.

KATHMANDU, Aug 14: The Supreme Court has stayed a new rule issued by the Nepal Rastra Bank (NRB) on setting the age bar for the chief executive officer (CEOs) of bank and financial institutions (BFIs).

KATHMANDU, Aug 13: Supreme Court has stayed Nepal Rastra Bank’s recent decision to set an age bar for chief executive officers (CEOs) and board directors of the bank and financial institutions (BFIs).

KATHMANDU, Aug 9: Nepal Rastra Bank (NRB) has promoted its Director Bam Bahadur Mishra to the post of the Executive Director.

KATHMANDU, Aug 8: Nepal Bankers Association (NBA) has warned that some of the provisions in the recent circular of the Nepal Rastra Bank could have an adverse impact on the banking sector and the overall economy.

KATHMANDU, Aug 7: Nepal Rastra Bank (NRB) has revised a formula to calculate spread that a bank must maintain between their deposits and lending rates.

KATHMANDU, Aug 6: Nepal Rastra Bank (NRB) has set age bar for chief executive officers (CEOs) and board directors of bank and financial institutions (BFIs).

KATHMANDU, Aug 4: The country's external sector position is likely to worsen in the current fiscal year 2019/20 as Nepal Rastra Bank (NRB) has focused on supporting the government's growth target rather than the stability of price and balance of payment (BoP).

KATHMANDU, July 26: Commercial banks will have to float nearly Rs 62 billion worth of debentures in the current fiscal year to meet the new requirement introduced by the Nepal Rastra Bank (NRB) through its monetary policy.

KATHMANDU, July 25: Nepal Rastra Bank (NRB) has introduced its monetary policy for the new fiscal year 2019/20, focusing on making liquidity management more efficient and maintaining interest rate stability.

KATHMANDU, July 24: Nepal Rastra Bank has made mandatory provision to possess PAN number for those seeking loans above Rs 5 million.

KATHMANDU, July 20: Inflation, which has long remained subdued, has started to soar suddenly in the last months of the last Fiscal Year 2018/19.

KATHMANDU, July 18: Nepal Rastra Bank (NRB) Governor Chiranjibi Nepal has put mergers of banks and financial institutions (BFIs) high on his agenda as the central bank prepares to unveil its monetary policy for fiscal year 2019/20.

KATHMANDU, July 17: Nepal Rastra Bank (NRB) is offloading its shares in Nepal Stock Exchange Ltd (Nepse). Issuing a notice on Tuesday, the central bank said that it was divesting its stake in the country’s only stock exchange company.

NRB selling its NEPSE share

July 16, 2019 14:45 pm

KATHMANDU, July 16: Nepal Rastra Bank (NRB), is pulling out its investment in the Nepal Stock Exchange (NEPSE) Limited.

KATHMANDU, July 16: Nepal Rastra Bank (NRB) has extended the deadline for the repayment of principal, interest and installment of loans by an additional 15 days.

KATHMANDU, July 5: In line with the recent instruction of Nepal Rastra Bank Governor Chiranjivi Nepal, Global IME Bank and Janata Bank have signed a memorandum of understanding (MoU) on Friday to go into the merger.

KATHMANDU, July 5: Seven commercial banks have submitted their written commitment to the Nepal Rastra Bank (NRB) for merger in line with recent instruction of Governor Chiranjibi Nepal.

KATHMANDU, June 30: Though it has been over two years since the country went into a federal structure, 23 local units are still devoid of a bank branch.

KATHMANDU, June 28: Nepal Rastra Bank (NRB) has sought commitments from the commercial banks for their readiness to go for 'big' merger and acquisition (M&A) in line with the announcement made in the budget speech for the upcoming fiscal year 2019/20.

KATHMANDU, June 21: The price of gold has soared to a record high in Nepal in line with the spike in the price of the yellow metal in international markets.

Remittance up by 20 %

June 19, 2019 19:30 pm

KATHMANDU, June 19: Despite the declining number of people leaving for foreign jobs, the remittance into the country has increased by 20 percent, according to Nepal Rastra Bank report.

KATHMANDU, June 9: Minister for Finance, Yuba Raj Khatiwada, has said that the Securities Board of Nepal (Sebon) should not function under the shadow of Nepal Rastra Bank (NRB).

KATHMANDU, May 22: Inflation has moderated to 4.4 percent in the ninth month of the current fiscal year 2018/19 from 5.3 percent a year ago mainly due to subdued food prices.

KATHMANDU, May 14: Nepal Rastra Bank (NRB) has introduced two measures for bank and financial institutions (BFIs) to prevent unhealthy competition among them to collect fixed deposits.

KATHMANDU, May 12: Bank and financial institutions (BFIs) have floated a total of Rs 161.24 billion in loans to deprived sector in the first eight months of the current Fiscal Year 2018/19, a jump by whooping 17.1 percent, or Rs 23.52 billion, largely driven by expansion of the targeted sectors entitled to get concessional financing.

KATHMANDU, May 7: Bank's lending to service industry has jumped by 18 percent over the first eight months of the current fiscal year 2018/19, reflecting buoyant sentiment among investors on what is called a tertiary sector in the economy.

KATHMANDU, April 11: Nepal Rastra Bank (NRB) has simplified the process of opening bank account as part of its effort to help the government in increasing people's access to finance.

KATHMANDU, March 22: Nepal Rastra Bank (NRB) has shown flexibility in taking action against bank and financial institutions (BFIs) that are not floating loans to priority sectors as required by its rules.

KATHMANDU, Feb 20: Nepal Rastra Bank (NRB) has released the mid-term review report of the monetary policy for the current Fiscal Year 2018/19, bringing some measures aimed at checking ultra-high lending rates and availing more lendable fund to the private sector.

External sector position worsens further

February 15, 2019 12:39 pm

KATHMANDU, Feb 15: The balance of payment (BoP) position of the country continued to slip in the deficit in the first six months of Fiscal Year 2018/19, indicating that the external sector position of the country is worsening.

KATHMANDU, Feb 1: Nepal Rastra Bank (NRB) has sought details of loans that bank and financial institutions (BFIs) have floated until mid-January under subsidized loan schemes.

KATHMANDU, Jan 31: Following complaints that bank and financial institutions (BFIs) were reluctant to provide concessional loans under the government schemes, the Nepal Rastra Bank (NRB) has instructed them to make arrangement to ensure that eligible people get credit facility from their branch offices.

NRB’s directive to banks and BFIs

January 14, 2019 17:17 pm

KATHMANDU, Jan 14: Nepal Rastra Bank (NRB) has directed the banks and financial institutions to submit the details of all the loans and facilities they have approved to it.

KATHMANDU, Jan 11: The long-drawn-out issue related to the exchange of Indian bank notes has not gained momentum yet, stated the Ministry of External Affairs of India.

KATHMANDU, Jan 5: Nepal Rastra Bank (NRB) has announced that it may send bank and financial institutions (BFIs) to forceful merger in certain conditions. Issuing a circular to BFIs on Thursday, the NRB said that it may instruct BFIs with poor financial health to go for merger and acquisition.

KATHMANDU, Dec 30: Commercial banks are yet to open their branch offices in over five dozen local units. According to the Nepal Rastra Bank (NRB), commercial banks have reached 689 local units as of Wednesday.

KATHMANDU, Dec 29: Three commercial banks have sought permission from the Nepal Rastra Bank (NRB) for opening the subsidiary company to work as a stockbroker.

KATHMANDU, Dec 24: The Nepal Rastra Bank (NRB) has revealed that the remittance inflow has increased by 36.4 per cent in the four months of the current fiscal year while the nation's balance of payment (BoP) remains at a deficit of Rs 57.33 billion.

KATHMANDU, Dec 23: A committee formed by the Ministry of Finance has recommended Nepal Rastra Bank (NRB) to increase the limit of the institutional deposits of bank and financial institutions (BFIs) to 50 percent from the current limit of 45 percent.

KATHMANDU, Dec 22: Commercial banks have started lowering interest rates on deposits after the Nepal Bankers Association (NBA) decided to cap deposit rates amid escalation of ‘interest rates war’ in recent days.

KATHMANDU, Dec 21: The Commission for Investigation of Abuse of Authority (CIAA) on Thursday filed a corruption case against three persons including a former Nepal Rastra Bank (NRB) governor, on the charge of bribery while printing polymer bank notes at an Australian company.

KATHMANDU, Dec 20: The Commission for the Investigation of Abuse of Authority (CIAA) has filed a graft case against the former governor of Nepal Rastra Bank (NRB) Dr Tilak Rawal at Special Court for his alleged involvement in corruption while printing polymer notes of Rs 10.

KATHMANDU, Dec 20: A committee formed by the Ministry of Finance to look into the recent financial markets volatility has submitted its report to the Minister for Finance Yuba Raj Khatiwada.

KATHMANDU, Dec 19: Interest rate war is escalating in the banking sector as bigger commercial banks have also joined the race by raising their fixed deposit rates. They have argued that such a move was necessary to prevent their deposits from flowing toward smaller banks which are offering higher interest rates.

KATHMANDU, Dec 12: Concerned by soaring interest rates on bank loans, Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has asked Nepal Rastra Bank (NRB) Governor Chiranjibi Nepal to address the effects of soaring interest rates on deposits on lending rates.

KATHMANDU, Dec 7: The government has formed a high-level committee under Nepal Rastra Bank (NRB) Deputy Governor Shiva Raj Shrestha to look into the overall trend of monetary and capital market in recent time and recommend to the government suggestions for maintaining financial stability and addressing problems related to investment for industrial sector and capital market.

KATHMANDU, Dec 2: Even though the government has been trying to court foreign investors into the country, foreign direct investment (FDI) fell in the first quarter of the current Fiscal Year 2018/19.