Kathmandu. The government has registered a bill to amend the Nepal Rastra Bank Act, 2058 BS, in the federal parliament to make Nepal Rastra Bank autonomous. The bill, registered by the Ministry of Finance in the House of Representatives on Monday, proposes extensive amendments to...
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Kathmandu. Nepal Rastra Bank has said that banks and financial institutions will not be allowed to employ employees beyond office hours. The central bank has issued a circular and made new arrangements regarding additional office hours. Recently, employees of banks and financial...
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Kathmandu. Share loans (margin lending) in Nepal generally range from 5.5% to 11.5% per annum. The final rate is calculated by adding a fixed premium (usually (1.50%) to (4.00%)) to the bank's published Base Rate. Loans are typically revolving with a tenure of up to...
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Kathmandu. The Nepal Securities Board has so far granted permission to 24 companies for the sale of ordinary shares (IPO). The board has granted permission to those companies to sell ordinary shares by the end of Chaitra of the current fiscal year.
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Kathmandu. Nepal Rastra Bank has also implemented the arrangement after the decision to grant two days off a week was published in the Gazette on Sunday.The Human Resource Management Department of Nepal Rastra Bank has published a notice and made...
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Kathmandu: With the full results of the general election held on March 21 still to be announced, the National Independent Party (NIP) conducted a media trial, saying that it would remove all those who had taken political appointments after forming its government.
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The government led by Prime Minister Balendra Shah announced that bank deposits that have been inactive for 10 years will be transferred to the state treasury. But According to Section 112 of the Bank and Financial Institutions Act 2073, details of accounts that...
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Kathmandu. The conflict in the Middle East is likely to have a serious impact on remittance-dependent economies like Nepal, according to a study by the Asian Development Bank. According to the latest report 'ADB Briefs 384' released by the Asian Development Bank (ADB), the conflict...
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Kathmandu. Nepal Rastra Bank is considering gradually reducing and eventually eliminating the check system. The central bank is taking this step after the number of check bounces (dishonor) received from banks and financial institutions has increased significantly. Nepal Rastra Bank (NRB) is aggressively promoting a...
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Kathmandu. The Nepal Stock Exchange (NEPSE) index closed at 2960.40 points on Tuesday, up 23.83 points. With this increase, the market has reached its highest level in about eight months, while the overall trend is still clearly bullish. Tuesday's candle invalidated the bearish candle formed...
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Kathmandu. Customer assaulted the branch manager of Himalayan Bank in the office for not giving a loan. The incident of a woman assaulting the branch manager of the bank's Palpa branch, Prakash Subedi, during a dispute over a loan has come to light.
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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 – Nepal Rastra Bank has made public the list of bank holidays for the year 2083. The Human Resources Management Department of the central bank has made public the list of bank holidays including Dashain and Tihar in the year 2083.
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Kathmandu. Nepal's banking sector has recently been rocked by several high-profile corruption and embezzlement scandals involving major commercial and development banks. Investigations by the Central Investigation Bureau (CIB) and the Commission for the Investigation of Abuse of Authority (CIAA) have led to the arrests of...
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Kathmandu – After a long period of pressure, the banking sector has started to see a ‘recovery’ of profits. With the improvement in loan recovery and increase in net interest income, the profits of commercial banks have started to rise again. As of the second...
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