Nation Bank amends open market transaction rules to manage liquidity during Dashain

11 October, Kathmandu. In order to manage the required liquidity in the banking system during the Dashain holidays, Nepal Rastra Bank is going to amend the Open Market Transactions Regulation 2078. This year there are 8 consecutive public holidays including Saturdays during Dashain. According to Rashtra Bank sources, the period of Permanent Liquidity Facility (SLF)… Continue reading Nation Bank amends open market transaction rules to manage liquidity during Dashain

New arrangement proposed for last creditor facilities

6 October, Kathmandu. Nepal Rastra Bank has prepared a draft ‘Lender of Last Lender Facility Regulation 2079’ so that Lender of Last Remedy Facility can be availed only in cases where the required liquidity is managed through interbank market, daily liquidity facility, open market transactions and permanent liquidity. cannot be done through Facility. By tightening… Continue reading New arrangement proposed for last creditor facilities

3 trillion balance in government account

August 30, Kathmandu. At the end of the first month (July) of the current financial year 2079/80, there is a balance of Rs 3 lakh crore in the account of the government. According to Nepal Rashtra Bank, there is a cash balance of Rs 2 lakh crore 94 billion 2.5 crore in the account of… Continue reading 3 trillion balance in government account

Nation Bank is again sending 20 billion into the banking system after liquidity crunch

August 30, Kathmandu. After shrinking the liquidity (investable capital) in the banking system, Nepal Rastra Bank is going to send liquidity to the market through repo twice a week. Rashtra Bank is going to send liquidity of 20 billion rupees to the market through repo on Thursday 30th August. According to the central bank, the… Continue reading Nation Bank is again sending 20 billion into the banking system after liquidity crunch

Nation Bank is checking the interest rate on deposits, it will become inactive if it gives more

August 28, Kathmandu. The National Bank has started monitoring after banks arbitrarily hiked interest rates to attract deposits. Rashtra Bank Deputy Governor Bam Bahadur Mishra said that the Supervision Department is studying the matter after receiving several complaints of arbitrary hike in deposit interest rate. At an event organized by Nepal Economic Journalists Association (Nafeez)… Continue reading Nation Bank is checking the interest rate on deposits, it will become inactive if it gives more

It is lack of investible resources, not liquidity in banks: Deputy Governor Mishra

August 24, Kathmandu. Nepal Rashtra Bank Deputy Governor Bam Bahadur Mishra has said that there is no shortage of liquidity in banks. Speaking at the infrastructure conference organized by the Confederation of Nepal Industry, Deputy Governor Mishra said that instead of lack of liquidity, there is a shortage of investable capital in Nepal. He said… Continue reading It is lack of investible resources, not liquidity in banks: Deputy Governor Mishra

Dollar prepaid card payments from casinos to religious organizations banned

August 14, Kathmandu. Nepal Rastra Bank has tightened its dollar prepaid card payments. The Foreign Exchange Management Department of Rashtra Bank on Tuesday issued a circular providing that payments cannot be made with cards in 10 different merchant category codes. According to National Bank, wire transfers, direct marketing of beam services, stamps and coins cannot… Continue reading Dollar prepaid card payments from casinos to religious organizations banned

National Bank said that the provision of collateral is necessary for giving loans to films.

Kathmandu. The National Bank has replied that loans for film production can be given only if there is a provision for mortgage guarantee. Governor Mahaprasad Adhikari and President of Film Producers Association Akash Adhikari discussed ‘Project Loan’. The presiding officer said that though he sought a loan by pledging the film, the governor asked for… Continue reading National Bank said that the provision of collateral is necessary for giving loans to films.

Nation Bank continues to buy Treasury bills to control interest rates

August 7, Kathmandu. Nepal Rastra Bank has bought treasury bills for the fourth time in a row. On 6 August, the Central Bank brought treasury bills worth Rs 12,230,320,000 with tenures of 28 days, 91 days, 182 days and 364 days to Bolkabol for renewal. Out of which treasury bills worth Rs 7.35 billion have… Continue reading Nation Bank continues to buy Treasury bills to control interest rates

Banks should fix the price of import-export goods

file picture 31st July, Kathmandu. In order to discourage asset laundering, Nepal Rastra Bank has directed banks to provide similar facility in foreign trade by checking the value of goods. According to the Central Bank, this directive has been given to discourage and control the activities of money laundering that can be done through import… Continue reading Banks should fix the price of import-export goods

Himal Sanchar