Kathmandu – The non-banking assets (NBAs) of Nepal’s commercial banks have surpassed Rs. 38.41 billion as of the end of Chaitra 2081. Among them, Global IME Bank holds the largest share with non-banking assets worth Rs. 5.99 billion, followed by Himalayan Bank with Rs. 5.14 billion, and NIC Asia Bank with Rs. 4.58 billion. These

Kathmandu – Dr. Gunakar Bhatt, who recently tendered his resignation as Executive Director of Nepal Rastra Bank, has stated that he has not left the country permanently and will return soon. He clarified that his visit to the United States was solely to attend a program and assured that he would be back in Nepal

Kathmandu – Acting Governor of Nepal Rastra Bank, Neelam Dhungana, has called on the banking and insurance sectors to work collaboratively and channel more investment into productive areas. Speaking at the 57th anniversary celebration of the Nepal Insurance Authority, she emphasized the growing need to safeguard investments and promote entrepreneurship. Dhungana highlighted that the integration

Kathmandu– Prime Minister KP Sharma Oli has affirmed that the appointment of the next Governor of Nepal Rastra Bank will be based solely on merit, not personal connections. Speaking at the official launch of the Former Planners’ Forum Nepal, PM Oli made it clear that he has no intention of recommending anyone personally affiliated with

Banking News – The government has reconstituted the Governor Appointment Recommendation Committee. A Cabinet meeting held on Wednesday evening formed the new committee with Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel as coordinator, outgoing Governor Maha Prasad Adhikari, and economist Dr. Poshraj Pandey as members. The original committee, formed on Chaitra 20 (early

Kathmandu — A recent study has revealed that 36 percent of the Government of Nepal’s concessional, interest-subsidized loans are likely being misused, raising serious concerns about the effectiveness, transparency, and sustainability of the program. The findings are based on a report prepared by a consultant appointed by Nepal Rastra Bank to assess the use of

Kathmandu — A staggering Rs 1.5 trillion transferred by the Government of Nepal to local levels under an interest-bearing cash scheme has remained unutilized and stuck in the banking system, according to the 62nd report released by the Office of the Auditor General. The Ministry of Finance transferred the amount to local bodies by the

Banking News Desk Kathmandu – Nepal Rastra Bank (NRB) has issued a public advisory urging borrowers to exercise caution and proper planning when obtaining commercial loans. Through a recent financial literacy notice, the central bank emphasized the importance of utilizing loans strategically to support productive business ventures rather than allowing them to become financial liabilities.

Banking News  Kathmandu – Commercial banks in Nepal have released updated interest rates for individual term deposits for the month of Jestha. While most banks have kept their rates unchanged, a few have made slight adjustments either upward or downward. Key Points: 14 commercial banks have maintained the same interest rates as in Baisakh. 3

Kathmandu – In a move to facilitate aspiring Nepali students pursuing higher education overseas, arrangements have been streamlined to provide foreign currency exchange services for tuition fees and living expenses through authorized channels. According to existing provisions, students are eligible to remit tuition fees in foreign currency by submitting a formal application accompanied by a