Kathmandu - Nepal Rastra Bank has earned a net profit of about 80.5 billion rupees in the fiscal year 2081/82. During the period, net income before foreign exchange and other asset revaluation gains/losses increased by 9.11 percent to 80.48 billion 26.50 million compared to the...
Read More
Kathmandu. The rapid expansion of digital banking in Nepal, the use of mobile banking, QR payments, digital wallets and artificial intelligence have provided convenience to customers, but have increased uncertainty in banking employment.International research firm McKinsey & Company has concluded...
Read More
Kathmandu. Non-banking assets have increased at a high rate after the removal of the limit on collateralization by banks and financial institutions. As of Bhadra of the current fiscal year, non-banking assets worth Rs 50.75 billion have been seen, which is 61.73 percent more than...
Read More
Nepal Rastra Bank has identified the risks of financial crimes arising from the use of artificial intelligence (AI) and new technologies as a challenge. The Financial Intelligence Unit under the central bank has updated its guidelines on suspicious transaction and activity reporting to find ways...
Read More
Nepal has a Startup Enterprise Loan Program providing collateral-free loans of up to NPR 2.5 million at a 3% subsidized interest rate. Approved under the "Startup Enterprise Loan Operation Procedure, 2081" (2024/025), the Industrial Enterprises Development Institute (IEDI) under the Ministry of Industry, Commerce and Supplies...
Read More
The government has brought a budget of Rs 1.964 trillion for the fiscal year 2025/26, targeting 6% economic growth and aiming to keep inflation below 5.5%. Unveiling the fiscal plan in a joint session of the Federal Parliament on Thursday, May 29, Deputy Prime...
Read More
Kathmandu: The stock market is slowing down further after the budget. Investors are surprised when the trading volume along with the index slows down. Even when there are talks of one policy reform after another for the stock market, the market has not stirred. It...
Read More
Kathmandu: The US and China are in the midst of their second trade war in seven years. Earlier this year, President Trump announced an initial 34 percent tariff on China, which China retaliated with. For a time, both countries' tariffs were above 100 percent (i.e.,...
Read More
Kathmandu. Many expected the stock market to gain momentum after the announced budget. Many expected the market to increase because the budget followed a market-friendly policy. The budget included issues such as keeping the capital gains tax on share transactions as it is, making a...
Read More
BAFIA stands for Banks and Financial Institutions Act (BAFIA) 2073. Especially after the People's Movement 2062/63, various old laws were amended in time and the BAFIA Act 2063 was brought. It has 14 chapters and 134 sections. The act, which was later amended in 2073,...
Read More
Kathmandu: While President Donald Trump’s trade war continues to disrupt US financial markets, European stocks have emerged as the clear winner. As Europe’s economic outlook brightens, stock markets around the world have also performed well, Bloomberg writes.According to data compiled...
Read More
Kathmandu. Nepal Rastra Bank (NRB) has unveiled the third quarterly review of the Monetary Policy for the current fiscal year 2081/82. A key highlight of the review is the reduction in the risk weight for share mortgage loans from 125% to 100%,...
Read More
Kathmandu: The growth rate of loans has been higher than the deposits of banks. In the first 10 months of the current fiscal year, the growth rate of loans has been higher than the growth rate of deposits of commercial banks. According to the latest...
Read More
Kathmandu: The stock market is currently in a bullish trend. Investors are excited as the market starts to rise. Generally, in a bull market, the prices of all companies, good and bad, increase. But when the market corrects, the bull run ends, or any difficult...
Read More
Kathmandu. Nepal Rastra Bank has made public the semi-annual review of the monetary policy for the current fiscal year 2081-82. The existing policy rate of the monetary policy has been kept unchanged at 5.0 percent, the deposit collection rate, which is the lower limit under...
Read More