IBA has proposed to the Indian government to run a "bad bank"

Agency, The Bankers of India (IBA) has proposed to the government to run a "bad bank". If the Indian government accepts the offer, Indian banks will be relieved to manage bad debts.The Indian Banks Association (IBA), an association of Indian...

Tax reduced, Now Banks easy to get foreign loans

The government will make it easier for banks to bring in loans from abroad. Taxes on interest earned by foreign institutions or banks have been reduced. As a result, banks are more likely to borrow from abroad. The new budget has reduced the tax on...

Big merger encouraged to Banks and financial institution in Budget

The government has given priority to banks to merge. The priority is to merge with each other to make the bank finance more manageable. Announcing the budget for the new year, Finance Minister Dr. Yuvaraj Khatiwada has made the announcement.Issues...

Now loan at 5 percent, more than Rs 150 billion Amount on Financial package

The government has announced a separate fund of Rs 50 billion to provide loans to various sectors at 5 percent interest rate.Finance Minister Presenting the budget for the coming fiscal year, Yuvaraj Khatiwada said that a fund would be set...

Lock-down continuous, The economic activities will open after Jestha 20

The government has decided to extend the lock-down till May 12. A meeting held at the Prime Minister's official residence in Baluwatar has decided to close the international border and the airport till July 30.The government is preparing to implement...

Priority to capital market in the budget

Fiscal Year 2077/78 has addressed the capital market. It has been mentioned in the budget that the secondary market trading of bonds will be started by expanding the scope of capital market.It has been mentioned in the budget that stock...

14.74 trillion budget, how much in which Sector ? (Budget Highlights)

NRB New circular :Banks not to increase 0.50 % interest rate on FD

Nepal Rastra Bank has curtailed the right of banks and financial institutions to increase interest rates on deposits. NRB amends Unified Guideline 2076. Bank will not be allowed to fix higher interest rate on call deposit and institutional term deposit than the minimum set by...

Income tax exemption from 25 to 75 percent to the business Industry in the budget

Kathmandu. Finance Minister Dr. Yuvaraj Khatiwada has announced to give special exemption in income tax to small industrialists and businessmen in the budget of the fiscal year 2077/78. The budget of the Fiscal Year 2077/78 has given a large amount of income tax exemption to...

All the branches of the bank must invest in soft-loan fiscal year

Kathmandu. The government has announced in the budget of the coming fiscal year that all the branches of the bank must invest in concessional loans.A branch of a commercial bank has to provide soft loan to at least 10 people....

Rs. 1474.64 billion Budget announced for the fiscal year 2077/078

Finance Minister Dr. Yubaraj Khatiwada has announced the budget of Rs. 1474.64 billion for the fiscal year 2077/078.Of this, Rs. 948.94 billion has been allocated for current expenditure, Rs. 352 billion for capital expenditure and Rs. 172 billion...

China prepares to introduce digital Yuan by 2022

China is preparing to introduce the digital yuan in 2022. China is currently embarking on a digital yuan currency pilot project called E-RMB.The Central Bank of China, the People's Bank of China, has started work on the project in four...

21 Development Bank's profit increased by 10.39 percent

In the third quarter of the current fiscal year, the profit of 21 development banks has increased by an average of 10.39 percent. The profit growth rate of development banks is 2.36 percent higher than that of commercial banks.In the third quarter, 21 development...

61 percent citizens have Bank accounts in Nepal

As the government has promoted financial access, it has been found that about 61 percent of the people have bank accounts in banks and financial institutions. By mid-February of the current fiscal year, 746 out of the total 753 branches of commercial banks have been...

Corona impacts, Rs 168 billion loss on economy: NRB

This is stated in the third quarterly review of the monetary policy of Nepal Rastra Bank (NRB), which has caused a loss of more than Rs 168 billion to the Nepalese economy due to the corona virus infection. With an average economic growth of 7.3...