Banking News
Q4 Update: Kumari Bank’s Profit Surges 306% to Rs. 7.39 Billion
Kumari Bank Limited has reported a sharp 305.96% year-on-year increase in net profit to Rs. 7.39 billion in Q4 of FY 2082/83, supported by higher net interest income and a reversal of impairment charges.
2 days ago
NIC Asia Capital Proposes 50% Cash Dividend
NIC Asia Capital Limited has proposed a 50% cash dividend, including tax, for its shareholders from the profits of FY 2082/83. The proposal will be presented for final approval at the company’s upcoming 10th Annual General Meeting (AGM).
2 days ago
Nepal Moves Toward Digital Rupee, Legal Reforms and Pilot Testing Underway
Nepal is preparing to introduce a central bank digital currency (CBDC), with legal reforms, regulatory frameworks and controlled pilot testing being considered before the digital rupee is rolled out to the public.
3 days ago
Nepal Rastra Bank Tightens Rules for Hire Purchase Finance Companies
Nepal Rastra Bank has introduced stricter regulatory provisions for hire purchase finance companies, including a minimum paid-up capital of Rs. 300 million, lending limits, interest rate controls and stronger corporate governance requirements.
3 days ago
Major Microfinance Merger Takes Shape as First Microfinance and Mahila Microfinance Sign MOU
First Microfinance and Mahila Microfinance have signed a preliminary agreement to merge, paving the way for a stronger and more geographically diversified microfinance institution.
3 days ago
Nepal Moves Closer to Digital Rupee as NRB Completes CBDC Feasibility Study
Nepal Rastra Bank has completed its feasibility study on a Central Bank Digital Currency (CBDC), or Digital Rupee, highlighting its potential to strengthen payment security, expand financial access, reduce cash-management costs, and support Nepal’s transition toward a digital economy.
4 days ago
Nepal Moves Closer to Digital Rupee as NRB Completes CBDC Feasibility Study
Nepal Rastra Bank has completed its feasibility study on a Central Bank Digital Currency (CBDC), or Digital Rupee, highlighting its potential to strengthen payment security, expand financial access, and reduce the cost of managing physical currency.
4 days ago
Digital Rupee Alert: Nepal Could Save Rs. 4.73 Billion on Currency Printing
Nepal Rastra Bank has unveiled a concept for a Central Bank Digital Currency (CBDC), marking a potential turning point in the country’s financial system. If implemented effectively, digital currency could reduce the need for physical banknotes by 50% within five years, potentially saving the government around Rs. 4.73 billion.
5 days ago
Digital Payment Boom: QR Transactions Surge by 92% in Nepal
Nepal’s shift toward digital payments is accelerating rapidly, with QR payment transactions rising by 92.5% and transaction value increasing by 91.8% in FY 2024/25, according to Nepal Rastra Bank data. Digital wallet and mobile banking users have also crossed 26 million and 27 million, respectively.
5 days ago
Nepal Rastra Bank to Mop Up Rs. 60 Billion to Manage Excess Liquidity
Central bank to collect deposits for 31 days through a competitive bidding process to absorb surplus liquidity from the banking system.
7 days ago
Jyoti Bikas Bank Delivers 906% Profit Surge in Q4 FY 2082/83
Jyoti Bikas Bank Limited (JBBL) reported a sharp turnaround in its fourth-quarter performance for FY 2082/83, with net profit soaring more than nine-fold, driven by higher operating income, lower funding costs, and a reversal of impairment charges.
8 days ago
NRB Digitizes Open Market Operations, Tightens Rules for Banks
Nepal Rastra Bank (NRB) has introduced a revised Open Market Operations Procedure, 2083, replacing paper-based processes with online bidding while imposing stricter penalties on banks that fail to comply with operational rules.
8 days ago