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).
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 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 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 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.
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, 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, 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, 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.
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, 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.
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 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 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.