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Tag: Nepal Rastra Bank

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 […]

NRB staff get allowance up to 204 per cent of salary: Auditor General’s report

Kathmandu, April 12 One of the major tasks of the central bank of any country is to regulate the entire banking sector of the country including all banks and financial institutions. Accordingly, Nepal Rastra Bank also takes some initiatives to control irregularities in the banking sector. However, it has not been revealed that the central […]

From the Kathmandu Press: Monday, April 9, 2018

The conclusion of Prime Minister KP Sharma Oli’s three-day state visit to India has been the most significant issue on the first page of all Nepali and English newspapers today. All newspapers have highlighted statements of the Prime Minister as he returned home on Sunday evening. Republica and Naya Patrika have turned quite analytical as […]

Nepal’s central bank to punish commercial banks if they don’t expand to local units

Kathmandu, March 28 Nepal’s central bank has warned of action against commercial banks if they fail to expand their services to newly formal local government units (municipalities and rural municipalities) by the end of this fiscal year in mid-July. As per the directive issued by the Nepal Rastra Bank, the banks have to reach 359 […]