Kathmandu – The 20 commercial banks currently operating in Nepal have collectively earned a profit of Rs 36.67 billion in the first seven months(mid-July to mid-February) of the current financial year. This marks a 1.62% increase compared to the...

Kathmandu – Nepal Rastra Bank (NRB) has revised the Unified Directive on Payment System, 2080, introducing new provisions to strengthen digital payment security. The Payment System Department has issued guidelines for licensed institutions to comply with the updated regulations....

Kathmandu – In light of the increasing levels of non-performing loans (NPL) in banks and financial institutions, Nepal Rastra Bank (NRB) has decided to relax its deposit conditions for its employees’ fixed deposits. Under the new provisions, banks and...

Kathmandu – The first seven months of the current fiscal year 2081/82 have witnessed significant growth in both deposits and loan disbursements by commercial banks in Nepal. According to data published by the Nepal Bankers Association, deposit collections increased...

Kathmandu – The profits of Nepal’s commercial banks have declined in the second quarter of the current fiscal year, as revealed in the financial statements published by 20 banks. Collectively, their profits fell by 4.62 percent compared to the...

Kathmandu – Nepal Rastra Bank (NRB) withdraw Rs 60 billion from the banking system through a deposit collection instrument auction on Sunday, amid excess liquidity in the market. The central bank will draw the liquidity for a 21-day period,...

Kathmandu – The demand for credit from banks and financial institutions for individual residential house construction has surged in recent years, revitalizing Nepal’s real estate sector. The availability of home loans of up to Rs 20 million, coupled with...

Kathmandu – Nepal’s commercial banks are bearing economic slowdown, with their distributable profits plummeting to NPR 17.75 billion. This sharp decline has significantly impacted dividend payouts, leaving shareholders disappointed. Of the 20 Class ‘A’ banks, 11 have declared dividends...

Kathmandu – Nepal’s commercial banking sector has reported a combined profit of Rs 30.5 billion by the end of Mangsir (mid-December, 2024) in the current fiscal year 2081/82. According to data from Nepal Rastra Bank, this figure marks a...

Kathmandu – Nepal Rastra Bank (NRB) has issued a directive requiring national identity cards for opening new bank accounts, effective from Magh 1, 2081 (January 14, 2025). The central bank announced the decision through a circular on Thursday, outlining...