No Personal Appointees at Nepal Rastra Bank, Only Merit-Based Selection: PM Oli
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,...
Dr. Poshraj Pandey Joins Reconstituted Governor Recommendation Committee
Banking News – The government has reconstituted the Governor Appointment Recommendation Committee. A Cabinet meeting held on Wednesday evening formed the new committee with Deputy...
36% of Concessional Loans Suspected of Misuse, Says Auditor General’s Report
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...
Government’s Rs 1.5 Trillion Loan Stuck in Banks, Interest Payments Exceed Rs 7 Billion
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...
NRB Cautions Against Unprepared Commercial Borrowing: Emphasizes Strategic Loan Use for Business Growth
Banking News Desk Kathmandu – Nepal Rastra Bank (NRB) has issued a public advisory urging borrowers to exercise caution and proper planning when obtaining commercial...
Commercial Banks Revise Interest Rates for Jestha
Banking News Kathmandu – Commercial banks in Nepal have released updated interest rates for individual term deposits for the month of Jestha. While most banks...
Currency Exchange Facility Eased for Nepali Students Studying Abroad
Kathmandu – In a move to facilitate aspiring Nepali students pursuing higher education overseas, arrangements have been streamlined to provide foreign currency exchange services for...
Resignations in the Race for Governor: Neither the Bamboo Remained, Nor Did the Flute Play!
Banking Khabar – In the one month since the process to appoint a new Governor began, five individuals have resigned from their posts, yet Nepal...
Private Sector Lending Rises by 7.1%
In this period, BFIs disbursed an additional Rs. 361.03 billion in credit to the private sector, marking a 7.1% increase. In comparison, during the same...
Fresh Legal Battle Over Governor Appointment: Writ Filed to Halt Dr. Bishwa Poudel’s Nomination
Banking News / The contentious process of appointing a new Governor of Nepal Rastra Bank (NRB) has taken a new legal turn, as a fresh...