Nation Bank has become flexible in implementing the current capital loan guidelines

14 October, Kathmandu. Nepal Rastra Bank has directed banks and financial institutions to implement the existing capital loan guidelines with some flexibility. On 7 August 2079, the Central Bank issued guidelines on current capital loans and directed them to be implemented from 1 October. The National Bank has stated that the provision in point no.… Continue reading Nation Bank has become flexible in implementing the current capital loan guidelines

Nation Bank concludes digital currency needs further study

13 October, Kathmandu. Nepal Rastra Bank has released a preliminary study report on the Digital Currency (CBDC) project. There is a possibility of taking the project forward, but for this the National Bank has also sought the opinion of the stakeholders. Public awareness as well as strategy planning, separate mechanisms, legal reforms and a dedicated… Continue reading Nation Bank concludes digital currency needs further study

‘Interest rate had to be increased to sustain the banking sector’

Anil Upadhyay/File photo Due to the Covid-19 epidemic, there was no demand for loans for two years and the supply was high. Banks went door-to-door giving loans at the base rate. Banks also have a sales mechanism. Banks are also proceeding as per the commercial plan to increase their cost. Accordingly, some gave loans below… Continue reading ‘Interest rate had to be increased to sustain the banking sector’

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

NCC and Kumari Bank going into merger

October 10, Kathmandu. Nepal Credit and Commerce (NCC) and Kumari Bank are going to merge. A preliminary memorandum of understanding (MoU) regarding the merger between the two banks was signed at the Marriott Hotel on Monday. On Monday, Chandra Bastola, Coordinator and Director of Merger Committee on behalf of NCC Bank and Krishna Prasad Gyawali,… Continue reading NCC and Kumari Bank going into merger

Chamber’s demand to bring loan interest rate to single digit

Nepal Chamber of Commerce President Rajendra Malla/File photo 9 July, Kathmandu. Nepal Chamber of Commerce has drawn the attention of Nepal Rastra Bank for creating business environment by controlling rising interest rates. The Chamber has said that since the high interest rate in deposits has been maintained, it has started affecting the interest rate of… Continue reading Chamber’s demand to bring loan interest rate to single digit

Finance Ministry formed committee to study interest rate

9 October, Kathmandu. The Finance Ministry has constituted a committee to study the interest rates. A committee has been constituted to study the issue of interest rates on the initiative of Finance Minister Janardan Sharma following complaints from traders upset due to high interest rates. According to the Secretariat of Finance Minister Janardan Sharma, a… Continue reading Finance Ministry formed committee to study interest rate

National Bank sent only 29 billion liquidity to the banking system

7 October, Kathmandu. Nepal Rastra Bank tried to send 40 billion liquidity into the banking system through outright purchases of Treasury bills, but after banks demanded higher interest rates, they sent only 29 billion. The Nation Bank on Thursday called for sending 40 billion into the liquidity system through direct purchases of Treasury bills as… Continue reading National Bank sent only 29 billion liquidity to the banking system

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

It is not natural for banks to increase interest rates: Dhakali

Chandra Prasad Dhakal/File photo 5 October, Kathmandu. Chandra Prasad Dhakal, Senior Vice President, Federation of Nepalese Industries and Commerce has said that it is not natural for banks to increase interest rates. Senior Vice President Dhakal said this while talking to the media after the Nepal and Indonesia Expo Information Program on Wednesday. He argued… Continue reading It is not natural for banks to increase interest rates: Dhakali

Himal Sanchar