Banking Khabar/ The Governor of Nepal Rastra Bank, Maha Prasad Adhikari, has expressed optimism about the country’s economic prospects for this year, stating that the economy is expected to move forward positively. Speaking at the 26th General Assembly of the Society of Economic Journalists-Nepal (SEJON) held in Kathmandu on Sunday, he mentioned that the policies

Banking Khabar/ Nepal Rastra Bank’s Economic Research Department has released the Direct Foreign Investment Survey Report for the fiscal year 2079/80. The report, published on Friday, reveals that Nepal has received direct foreign investment from 58 countries. The central bank’s Economic Research Department conducts an annual on-site survey to collect necessary data on direct foreign

Banking Khabar/ Both deposits and loan investments in banks and financial institutions have seen an increase. According to the latest data from Nepal Rastra Bank, deposits and loans in banks and financial institutions rose on Bhadra 11 (August 27). Compared to the previous day, deposits grew by NPR 5 billion on Bhadra 11, bringing the

Banking Khabar/ Banks will no longer be required to maintain an additional capital buffer, known as the countercyclical buffer. Nepal Rastra Bank (NRB) issued a circular announcing this change, relieving banks from the obligation to set aside this extra capital. According to the NRB’s circular, effective from Shrawan 2081 (July 2024), the countercyclical buffer will

Banking Khabar/ Banks will be allowed to count only the outstanding interest of passed loans as supplementary capital. Nepal Rastra Bank has amended the integrated directive, 2080 issued to licensed ‘A’, ‘B’ and ‘C’ category banks and financial institutions. The National Bank announced in monetary policy that banks will be allowed to calculate a specified

Banking Khabar/ Nepal’s banks and financial institutions have provided loans worth 376 billion 15.3 million in the energy sector. The data obtained from Nepal Rastra Bank for the last financial year 2080-81 shows this. Currently, banks have to invest 10 percent of the total loan amount in the energy sector. Moreover, this has a deadline

Banking Khabar/ Nepal Automobiles Association of Nepal automobile exhibition,Tata EV presents NADA Auto Show 2024 has started today (Bhadra 11) at Bhrikutimandap in Kathmandu. According to Nada, the Nada Auto Show, which will last for 6 days i.e. till 16th of Bhadra, more than 75 thousand people are expected to attend the exhibition. 20 percent

Banking Khabar/ Banking Offences and Punishment Act 2064 has been discussed for amendment. Finance Minister Bishnu Paudel read some of the revised points proposed from the discussions held in the Finance Committee on Sunday. Finance Minister Paudel said that in the revised points, the court proceedings of check dishonour cases will be simplified, organised, practical

Banking Khabar/ Nepal Rastra Bank has revoked the license of five remittance companies. Among the remittance companies that have been suspended are Global Mountain Remit Pvt Ltd, Ramro Remit Pvt Ltd, Sansar Remit Pvt Ltd, Lalit Money Transfer Pvt Ltd and Max Money Transfer Pvt Ltd. According to clause (e) of sub-regulation 9100 of regulation

Banking Khabar/ The popularity of digital payments is increasing in Nepal. According to the latest data of Nepal Rastra Bank, there has been a significant increase in the use of mobile wallets in the last 1 year. In the last financial year 2080/81, the number of wallet users increased by 23.86 percent. In the previous