Kathmandu. There has been a significant increase in share collateral loans (margin nature loans) disbursed by commercial banks in Nepal. According to the data up to mid-Magh of the current fiscal year, such loans have increased by 42.90 percent compared to the same period last...
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Kathmandu, World Bank approves $50 million to promote Nepal’s digital infrastructure and public services. The World Bank’s Board of Executive Directors has approved $50 million in support of Nepal’s digital public infrastructure and digital transformation of public services, which will fundamentally change the way services...
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Kathmandu. Nepal's capital market has seen dramatic and historic fluctuations this week. During the 4-day trading period from Falgun 25 to 28, 'political sentiment' seems to have had a full impact on the market. Amidst the results of the House of Representatives election and the...
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Kathmandu. A stock investor has submitted 100-point suggestions to the Securities and Exchange Board of Nepal (SEBON) for the reform and strengthening of Nepal's capital market. Investor Aditya Poudel has submitted suggestions demanding a phased reform of Nepal's capital market.
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Kathmandu. Nepal Rastra Bank has relaxed the policy on working capital loans. Addressing the demands of businessmen, the National Bank has amended the Guidelines on Working Capital Loans, 2079 BS. According to the revised guidelines, banks and financial institutions will now be able to determine...
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KATHMANDU: Nepal’s commercial banking sector reported a strong rebound in profitability in FY 2081/82, with 20 commercial banks collectively earning Rs 71.51 billion in net profit — a growth of 43.39 percent compared to the previous fiscal year’s Rs 49.87 billion. The profit jump signals...
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Kathmandu. Himalayan Bank's core banking system has been disrupted within a month. Due to the problems in the system, service recipients who have been frustrated with the bank's app and online banking services have not only expressed their complaints on social media, but are also...
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Nepal Rastra Bank has started preparing to formulate AI-related rules for banks and financial institutions. With the rapid development of AI, new risks are also increasing in the financial sector, and the National Bank is preparing to formulate guidelines for the use of AI for...
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Kathmandu - Nepal Rastra Bank has earned a net profit of about 80.5 billion rupees in the fiscal year 2081/82. During the period, net income before foreign exchange and other asset revaluation gains/losses increased by 9.11 percent to 80.48 billion 26.50 million compared to the...
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Kathmandu. The rapid expansion of digital banking in Nepal, the use of mobile banking, QR payments, digital wallets and artificial intelligence have provided convenience to customers, but have increased uncertainty in banking employment.International research firm McKinsey & Company has concluded...
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Kathmandu. Non-banking assets have increased at a high rate after the removal of the limit on collateralization by banks and financial institutions. As of Bhadra of the current fiscal year, non-banking assets worth Rs 50.75 billion have been seen, which is 61.73 percent more than...
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Nepal Rastra Bank has identified the risks of financial crimes arising from the use of artificial intelligence (AI) and new technologies as a challenge. The Financial Intelligence Unit under the central bank has updated its guidelines on suspicious transaction and activity reporting to find ways...
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Nepal has a Startup Enterprise Loan Program providing collateral-free loans of up to NPR 2.5 million at a 3% subsidized interest rate. Approved under the "Startup Enterprise Loan Operation Procedure, 2081" (2024/025), the Industrial Enterprises Development Institute (IEDI) under the Ministry of Industry, Commerce and Supplies...
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The government has brought a budget of Rs 1.964 trillion for the fiscal year 2025/26, targeting 6% economic growth and aiming to keep inflation below 5.5%. Unveiling the fiscal plan in a joint session of the Federal Parliament on Thursday, May 29, Deputy Prime...
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Kathmandu: The stock market is slowing down further after the budget. Investors are surprised when the trading volume along with the index slows down. Even when there are talks of one policy reform after another for the stock market, the market has not stirred. It...
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