14 June, Kathmandu. Rising non-performing loans in banks and financial institutions are putting pressure on financial stability. The Economic Survey 2079/80, released by the Ministry of Finance on Sunday to coincide with the beginning of the current fiscal year 2079/80, noted that the state of financial stability indicators is relatively weak. Non-performing loans of banks … Read more
Confederation President Pawan Golyan / File photo 17 Baisakh, Kathmandu. The Confederation of Banks and Financial Institutions (CBFIN), the body of bank management, has decided to take legal action against those who engage in activities that undermine the credit of banks and financial institutions. According to CBFin, this decision was taken in the working committee … Read more
17 Baisakh, Kathmandu. While the Nepal Rastra Bank is preparing for the third quarter review of the monetary policy for the current fiscal year 2079/80, Finance Minister Dr. Prakashan Mahat is increasing the pressure on the Rastra Bank in public. He is shaming the nation bank from the public platform by saying that he is … Read more
17 Baisakh, Kathmandu. Nepal Rastra Bank has provided the facility of remittance of salary to foreign nationals working in Nepal. The Foreign Regulation Management Department of the State Bank amended and provided for the Integrated Directive 2079 on Foreign Exchange Management. However, now, as long as the employment contract and work permit remain in force, … Read more
15 Baisakh, Kathmandu. The Government of Nepal is going to raise domestic debt of Rs 6 billion through Treasury Bill. According to Nepal Rastra Bank, a treasury bill of Rs 21 billion 10 crore will be called on Sunday, Baisakh 17, out of which Rs 6 billion will be issued as new treasury bills. Similarly, … Read more
15 Baisakh, Kathmandu. Along with the reduction in the interest rate on deposits, the interest rate on Foreign Employment Savings Bonds, a means of raising government debt, is also set to come down. Nepal Rastra Bank is going to start selling Foreign Employment Savings Bonds for a period of 5 years from 17 Baisakh as … Read more
14 Baisakh, Kathmandu. Nepal Rastra Bank, which was established with the objective of bringing its currency into circulation in all parts of the country, has entered its 68th year. Now this bank is leading the banking and overall monetary sector as the central bank. As of 2013, the use of the dual currency was widespread … Read more
11 Baisakh, Kathmandu. The Government of Nepal is going to raise an internal debt of Rs 20 billion through Treasury Bill on Monday. Nepal Rastra Bank is going to issue treasury bill of Rs 28.6 billion on Monday. Of which, according to the National Debt Negotiation Program, 20 billion new loans will be raised and … Read more
10 Baisakh, Kathmandu. Sunrise Bank has signed an agreement with Indraprastha Apollo Hospital in India. As per the agreement, Sunrise Bank customers will get a maximum discount of 10% on various services provided by Apollo Hospitals, India for the treatment of themselves and their family members. On behalf of Sunrise Bank, Deputy General Manager Raveen … Read more
8 Baisakh, Kathmandu. Nepal Rastra Bank has taken action against 9 commercial banks in the current financial year. According to Nepal Rastra Bank, the Department of Bank Supervision has taken action against banks that violate regulatory provisions with a cash fine. National Bank of India has announced that it has imposed a cash penalty of … Read more