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Tag: monetary policy

From the Kathmandu Press: Thursday, July 12, 2018

Most of major Nepali and English broadsheet dailies published from Kathmandu Valley on Thursday have given the top priority to the announcement of new monetary policy for the next fiscal year that is beginning next week. Like other days of past two weeks, the indefinite hunger strike of medical education reform activist Dr Govinda KC […]

New monetary policy: Commercial banks are required to open provincial offices

Kathmandu, July 11 The central bank of Nepal says all commercial banks of the country should establish provincial offices in seven provinces of the country within next one year. Unveiling the new monetary policy for the next fiscal year 2018/19, Nepal Rastra Bank Governor Chiranjibi Nepal said the banks should establish the provincial offices by […]

New monetary policy today

Kathmandu, July 11 Nepal Rastra Bank (NRB), the central bank, is launching the new monetary policy later in the afternoon today. The new monetary policy will include a solid base for materialising the objectives set out in the budget for fiscal year 2018/19, NRB spokesperson Narayan Paudel said. The Bank is making public the monetary […]

Central bank likely to make new monetary policy public on Thursday

Kathmandu, July 8 The central bank of Nepal says it is preparing to make public the new monetary policy for next fiscal year 2018/19 on Thursday, July 12. The new fiscal year begins on July 17. The draft of monetary policy has already been finalised and the board of directors of Nepal Rastra Bank is […]

Commercial banks get nine more months to increase paid-up capital

Kathmandu, July 16 The central bank of Nepal is allowing commercial banks of the country to increase their paid-up capital to make it minimum Rs 8 billion in next nine months. Earlier, the Nepal Rastra Bank had directed the banks to meet the standard by the end of fiscal  year 2016/17. But, in the monetary […]

Monetary Policy 2017/18: Four ways it will affect your personal finance

Kathmandu, July 9 Nepal Rastra Bank Governor Chiranjibi Nepal unveiled the monetary policy for the new fiscal year amid a programme in the capital on Sunday. While the policy encourages lending to the ‘productive’ sector, it puts restrictions on the flow  of credit to ‘unproductive’ sector. The NRB has also made it mandatory for banks […]