KATHMANDU, March 14: The Kathmandu District Court (KDC) has sent Prithvi Bahadur Shah, who is accused of being involved in suspicious financial transactions amounting to over Rs 400 million, to judicial custody.

KATHMANDU, March 12: Consumer price index increased marginally in the past one month during mid-January and mid-February, mainly due to the rise in prices of non-food items and services.

KATHMANDU, March 12: A significant improvement has been noticed in the country's foreign currency reserves in the first seven months of the current fiscal year.

KATHMANDU, March 11: Nepal Rastra Bank’s Governor Maha Prasad Adhikari has raised a question to the people in general if they want to go back to the period before the country adopted liberal economy.

KATHMANDU, March 5: Prime Minister Pushpa Kamal Dahal has discussed the current issues of the economic and banking and financial sector with the representatives of the private sector and the governor of the Nepal Rastra Bank (NRB).

KATHMANDU, Feb 25: Nepal Rastra Bank (NRB) has asked banks and financial institutions (BFIs) not to take penal interest from the borrowers for the next one month from the date that the outstanding loans have been pending.

KATHMANDU, Feb 13: Investors have said that Nepal Rastra Bank's half-yearly review of the monetary policy of the current fiscal year has not met the expectations of the capital market investors.

KATHMANDU, Feb 10: While the government aims to keep inflation within the desired limit of seven percent for the current fiscal year, it has reached 7.26 percent up to the half-yearly review period of the monetary policy.

KATHMANDU, Feb 9: Telecommunication equipment worth about Rs 1.14 billion that were stopped by the customs office at the Tribhuvan International Airport (TIA), were released after the office levied a revenue of about Rs 320 million.

KATHMANDU, Feb 2: Nepal Rastra Bank (NRB) is mulling to remove the existing upper limit of Rs 120 million on margin loans.

KATHMANDU, Feb 1: Nepal Rastra Bank (NRB) has reduced the transaction fee for ATM users who use the card to carry out the interbank service.

KATHMANDU, Jan 30: Small Farmers Development Bank (SFDB) and RMDC Laghubitta Bittiya Sanstha have been granted the go ahead from Nepal Rastra Bank (NRB) for their merger.

KATHMANDU, Jan 22: The decision to remove the mandatory cash margin on imports has been welcomed by industrialists and businessmen. After the pressure on foreign currency reserves, the government had arranged mandatory cash margins for imports since last year. The private sector had been opposing the provision for a cash margin of 50 to 100 percent while opening letters of credit (LCs) for imports.

KATHMANDU, Jan 13: Nepal Rastra Bank (NRB) has made it stricter to take money abroad. The central bank today through a notice has requested not to make any type of investment abroad except as prescribed by the law.

KATHMANDU, Jan 5: Nepal Rastra Bank (NRB) has turned stern against the payment service operators (PSOs) and payment service providers (PSPs), increasing the thresholds of paid-up capital and service charges for the companies by notable amounts.

KATHMANDU, Dec 14: Nepal Rastra Bank (NRB) has cautioned individuals and institutions not to use the online platform to pay for bettings, or else they will have their bank accounts frozen.

KATHMANDU, Dec 3: Nepal Rastra Bank (NRB) has removed the mandatory cash margin provision on imports of a number of construction materials while opening letter of credit (LC) by importers.

KATHMANDU, Nov 30: Nepal Rastra Bank (NRB) has selected an Indian company to supply 430 million units of Nepali currency in denomination of Rs 1,000.

KATHMANDU, Nov 30: Nepal Rastra Bank (NRB) has cautioned the general public to take necessary measures while using branchless service being provided by the banks and financial institutions (BFIs).

KATHMANDU, Nov 29: Nepal Rastra Bank (NRB) has taken action against a number of commercial banks found involved in misconduct in their daily operations.

KATHMANDU, Nov 28: Nepal Rastra Bank (NRB) has permitted microfinance institutions (MFIs) to provide dividends of more than 20 percent under certain conditions.

KATHMANDU, Nov 13: Nepal Rastra Bank (NRB) has started taking action against those banks and financial institutions, including the microfinance institutions (MFIs), which were found collecting hefty amounts in premiums and service charges from their clients.

KATHMANDU, Nov 10: People can now buy gold and silver Asarfis (99.99 percent purity) by using QR code with Nepal Rastra Bank (NRB) allowing payment for the bullion purchase through the system.

KATHMANDU, Nov 9: Nepal Rastra Bank (NRB) has asked banks and financial institutions (BFIs) to send the details of remittance based deposit accounts in order to investigate the undue benefits that the BFIs have been taking using this type of accounts.

KATHMANDU, Nov 3: Private sectors have blamed the deepening liquidity crisis in the country’s banking system to the defective policies implemented by Nepal Rastra Bank (NRB).

KATHMANDU, Nov 2: Nepal Rastra Bank issued treasury bills worth Rs 190 billion in the past three and a half months. This comes amid the government struggling to manage financial resources from revenue collection.

KATHMANDU, Oct 22: Transactions via electronic online platforms have been surging in recent days.

KATHMANDU, OCT 22: The consumer price inflation stood at 8.64 percent in the first two months of the current fiscal year, which was more than double of the figure during the period last year.

KATHMANDU, Oct 20: With the festival of Tihar just a few days away, Nepal Rastra Bank (NRB) has started the sale of gold and silver coins (Asharfis) from today.

BUTWAL, Oct 20: Nepal Rastra Bank (NRB) has proceeded with the investigation process after a large sum of money of the general public was embezzled through Machhapuchchhre Bank's branchless service center in Rupandehi. A team including Dipak Adhikari, Deputy Director of NRB’s Payment Systems Department, Jeevan Prakash Pandey, Deputy Director of NRB, Bhairahawa, and Assistant Director Bibek Budhathoki, arrived in Bhairahawa on Monday. The team has started questioning the agent, manager and locals of the center regarding the condition of the service center and the embezzlement of funds through the service center.

KATHMANDU, OCT 19: Nepal Rastra Bank (NRB) is selling gold and silver coins (Asharfi) from Thursday, targeting Dhanteras and Laxmi Puja of Tihar--the festival of light that is just a few days away.

KATHMANDU, OCT 18: The new rule of working capital loan introduced by Nepal Rastra Bank (NRB) has come into effect from Tuesday. This comes amid strong criticisms made by the private sector against the new policy.

KATHMANDU, OCT 17: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) on Monday drew the attention of Nepal Rastra Bank (NRB) to come up with appropriate policies to address the problems seen in Nepal’s financial sector.

KATHMANDU, OCT 16: Nepal Rastra Bank (NRB) has asked the banks and financial institutions (BFIs) not to open the letter of credit (LC) for the import of restricted goods.

KATHMANDU, Oct 13: Nepal Rastra Bank (NRB) has handed over the Securities Board of Nepal (SEBON) with the authority to halt and release shares transactions of the banks and financial institutions (BFIs) set to be merged.

KATHMANDU, Oct 10: Banks and financial institutions (BFIs) received short-term loans of Rs 46.55 billion from Nepal Rastra Bank (NRB) on Sunday, citing the liquidity crunch in the banking system.

KATHMANDU, September 14: In view of the upcoming Dashain festival, Nepal Rastra Bank (NRB) has started issuing fresh banknotes from today.

KATHMANDU, Sept 7: Nepal Rastra Bank (NRB) on Wednesday declared Super Laghubitta Bittiya Sanstha, a Dang-based microfinance, as problematic after its high level officials were found to be involved in a number of misconducts.

Private sectors maintain that the new provision will reduce demand for loans, adversely affect production and trading businesses and shrink possibilities of employment generation.

KATHMANDU, August 23: The International Monetary Fund (IMF) has suspended the second installment amount of its credit volume committed to Nepal, raising its concern over the authenticity of the financial audit of Nepal Rastra Bank (NRB)

KATHMANDU, August 17: Remittances inflow in the country increased 4.8 percent in Nepali rupee and 2.2 percent in US Dollar in the fiscal year 2078/079 BS, according to the Nepal Rastra Bank (NRB).

KATHMANDU, August 17: Nepal Rastra Bank (NRB), the central bank, has tightened the facility provided for foreign currency exchange for import-export.

KATHMANDU, August 16: The foreign currency reserve with the country declined by 13.1 percent to Rs 1.215 trillion in the last fiscal year.

KATHMANDU, August 16: Nepal Rastra Bank (NRB) has increased the threshold of money remitted from abroad on a daily basis from Rs 1 million to Rs 1.50 million.

KATHMANDU, August 7: Commercial banks have agreed on not revising the interest rate until mid-October, citing the rules recently enforced by Nepal Rastra Bank (NRB).

KATHMANDU, August 3: Nepal Rastra Bank (NRB) has removed the ceiling on the cash dividends that the banks and financial institutions (BFIs) provide to their shareholders.

Earlier last week, Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari announced the monetary policy for fiscal year 2022/23, a document everyone had pinned their hopes on, expecting it to come up with magical solutions for a number of problems facing the country, including the persistent liquidity problem and external sector stability.

KATHMANDU, July 25: Last Friday, Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari announced the monetary policy for fiscal year 2022/23,a document everyone had pinned their hopes on, expecting it to come up with magical solutions for a number of problems facing the country, including the persistent liquidity problem and external sector stability.

CHITWAN, July 24: More than two and a half billion rupees enter Nepal every day in the form of remittances. According to Nepal Rastra Bank data, youths who have gone for foreign employment have been sending 2 billion 745 million rupees to Nepal daily.

KATHMANDU, July 22: Nepal Rastra Bank (NRB) on Friday said that the tightened monetary policy will not affect the government in achieving its targeted economic growth, but will only control the loans being floated to the unproductive sectors that includes the excessive imports.