Banking News - Page 15
NRB Tightens Interest Rate Corridor with New Standing Deposit Facility
The Nepal Rastra Bank (NRB) has launched a Standing Deposit Facility (SDF) offering a fixed 3 percent interest rate to absorb excess banking liquidity and stabilize volatile money markets. While designed to establish a solid floor for the central bank's interest rate corridor, ongoing credit slumps are shifting heavy interest costs to the NRB, prompting financial experts to call for a transition from a twice-weekly window to a daily operation.
Nabil Bank Integrates Seamless SIP Investment Services into its 'nBank' Mobile App
Nabil Bank has expanded its digital landscape by embedding comprehensive investment services directly into its "nBank" mobile app. Launched in partnership with Nabil Investment Banking, the newly integrated feature allows users to register for Systematic Investment Plans (SIP) and execute installment payments directly from their smartphones with zero hidden fees.
Monetary Policy Review: NRB Warns of Inflationary Risks as Fuel Costs Soar
Nepal Rastra Bank has left its key policy rates unchanged in its latest quarterly review. While keeping an accommodative stance to spur private sector credit, the central bank announced plans to fine-tune its standing deposit facility to make market interest rates more stable.
NIC Asia Bank Introduces QR-Enabled Auction Property Platform
NIC Asia Bank launches an online portal featuring photos, maps, and coordinates for properties listed for auction.
Jestha Interest Rate Update: Commercial Banks Implement Selective Cuts Amid Market Stability
As banks finalize their interest rate structures for the month of Jestha, the majority of commercial institutions have opted to maintain current rates, though a few key players have introduced downward adjustments for individual depositors.
Banking Crisis: CEO Arrest Over Loan Recovery Sparks Fear of Institutional Paralysis
The arrest of NIMB’s CEO over the auction of collateral has triggered a nationwide debate on banking autonomy, loan recovery rights, and the protection of depositors' funds.
Digital Nepal: Mobile Banking Transactions Surge to Rs 6.18 Kharba!
Latest Nepal Rastra Bank data reveals a massive shift toward digital finance, with mobile banking and QR codes leading the way as of Chaitra 2082 BS.
NRB Liquidity Mopping: Central Bank to Absorb Rs 40 Billion Excess Cash
NRB steps in to stabilize the interbank market by collecting Rs 40 billion in deposits through a competitive bidding process today.
Laxmi Sunrise Bank Partners with CIT for Efficient Retirement Fund Management
Citizen Investment Trust (CIT) and Laxmi Sunrise Bank partner to optimize retirement funds, ensuring systematic records and efficient payouts.
Major Milestone: Garima Bikas Bank Wins Prestigious Industry Award
Recognized for excellence in management and technology, Garima Bikas Bank is officially named the Best Managed Development Bank 2026.
Rich on Paper, Empty in Pocket: The Alarming Profit-Cash Gap Crippling Nepali Banks
Nepali commercial banks are reporting high net profits while facing negative distributable profits and cash flow issues due to unpaid interest and rising bad loans.
Kamana Sewa Bikas Bank Steps Up: Vital Educational Support Reaches 138 Underprivileged Students!
Kamana Sewa Bikas Bank has provided essential stationery and learning materials to 138 students at Shree Janakalyan Basic School through its CSR initiative.