KATHMANDU, May 19: Nepal Rastra Bank (NRB) in a bid to mobilize the remittance earned by the migrant workers is issuing ‘Foreign Employment Saving Bond-2084’ from June 1 even as the central bank’s track record in the segment was not so encouraging.
KATHMANDU, May 12: Nepal has received remittance amounting to over Rs 724 billion in the nine months of the current fiscal year, 2021/22, a 0.6 percent decline as compared to the corresponding period last year, according to data published by the Nepal Rastra Bank on Wednesday. The figure had increased by 16.5 percent during the same period in the previous FY, 2020/21.
KATHMANDU, May 12: Despite massive efforts made by the government to check financial outflows, the country’s foreign currency reserves increased by nominal amounts in the past one month from mid-March to mid-April.
KATHMANDU, May 1: Nepal Rastra Bank (NRB) has started a detailed investigation into 1,556 ‘suspicious transactions’ reported by the banks and financial institutions (BFIs) and other institutions during the first eight months of the current fiscal year.
KATHMANDU, April 29: As the hearing on a case filed by Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari against the government's decision did not complete at the Supreme Court on Thursday, the hearing on the petition has been scheduled for Friday as well.
KATHMANDU, April 11: Amid growing criticisms over his decision to suspend Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari, Finance Minister Janardan Sharma on Monday said that the government took action against Adhikari as per the NRB Act.
KATHMANDU, April 9: Chairman of the main opposition party, CPN-UML, KP Sharma Oli has said that the government has shown shamelessness by suspending Governor of Nepal Rastra Bank (NRB) Maha Prasad Adhikari.
KATHMANDU, April 8: Brushing aside reports that the country was heading to an economic slump, the central bank of the country, Nepal Rastra Bank (NRB) has said the overall economic situation of the country is not in a tailspin.
KATHMANDU, March 30: Nepal Rastra Bank (NRB) has permitted banks and financial institutions to open letters of credit (LC) accounts for the imported goods that are to be transported to the newly-built Chobhar Dry Port in Kathmandu.
KATHMANDU, March 3: The Nepal Rastra Bank has reduced the ceiling of remittance that an individual can send from one place to another place within the country. The central bank has reduced the remittance limit with effect from Wednesday.
KATHMANDU, Feb 5: The significant increase in the use of electronic media in financial transactions is due to the development of electronic payment infrastructure, incentives for e-transactions and increasing use of modern equipment by the general public.
KATHMANDU, Jan 24: Nepal Rastra Bank (NRB) has cautioned the people against carrying out network marketing and making investments in ‘hyper funds’ saying there is a risk of being swindled out of one’s money and capital flight from the country through such transactions.
KATHMANDU, Jan 18: Nepal Rastra Bank (NRB) has asked the banks and financial institutions (BFIs) to submit their plans for financial literacy programs within the first three months of every fiscal year.
KATHMANDU, Jan 13: Nepal now has foreign currency reserves sufficient to import goods and services for 6.8 months, down from the adequacy for 7.2 month in mid-November, due to massive drain out of the foreign currencies from the country.
KATHMANDU, Jan 9: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has said achieving the economic growth rate of seven percent targeted by the government for this fiscal year will be a herculean task.
KATHMANDU, Dec 30: Amid increasing pressure on foreign currency reserves, Nepal Rastra Bank (NRB) has further tightened the noose on the availability of the foreign currencies on passport facility to the individuals visiting abroad.
KATHMANDU, Dec 23: Nepal Rastra Bank (NRB) has cut short the report submission timeline for the operators of online payment service in a bid to increase vigilance of transaction settlements amid ongoing liquidity crunch in the country’s banking system.
KATHMANDU, Dec 21: Nepal Rastra Bank (NRB) has asked importers of selected luxury items to maintain cent percent cash margin to open letter of credit (LC) accounts, targeting to tighten the noose on the import of such products.
KATHMANDU, Dec 20: While the country is already feeling the heat of depleting foreign currency reserves, a total of US $ 1.36 billion was spent to buy Indian currency (INR) to fund imports from the southern neighbor during the first four months of the current fiscal year.
KATHMANDU, Dec 17: As a part of its continuing initiative to support the Nepal Rastra Bank (NRB) in its effort to extend the Real Time Gross Settlement (RTGS) system, Nepal Clearing House Ltd. (NCHL) has enabled one development bank and six finance companies to connect to the RTGS system, through which they will now be able to initiate and process RTGS transactions.
KATHMANDU, Dec 9: A total of 72 firms received refinance loans worth Rs 8.99 billion in the first four months of the current fiscal year. Of the total beneficiaries, more than 55 percent are tourism-related businesses.
KATHMANDU, Nov 20: The report of a study conducted by Nepal Rastra Bank (NRB) released on Friday has shown that the highest increase in real estate prices is in Karnali succeeding the federal capital, Bagmati.
KATHMANDU, Nov 11: In an attempt to ease a growing shortfall of liquidity in the banking system, Nepal Rastra Bank (NRB) is injecting an additional Rs 20 billion in the domestic financial system on Thursday.
KATHMANDU, Nov 8: Nepal Rastra Bank is going to sell treasury bills worth Rs 6.10 billion. The central bank is going to auction off treasury bills worth Rs 6 billion and Rs 100 million for a period of 182 days and 91 days, respectively.
KATHMANDU, Nov 3: Nepal Rastra Bank has revoked the license of GME Pay, a payment service provider company. NRB’s Payment Systems Department issued a notice on Tuesday revoking the license of GME Pay Private Limited.
KATHMANDU, Nov 2: Nepal’s financial resource mobilization has largely centralized still in the Capital and adjoining districts while leaving a pork barrel amount for the remote districts despite the government’s target to promote financial inclusion across the country.