Banking News
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.
2 months 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.
2 months 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.
2 months 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.
2 months 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.
2 months 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.
2 months 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.
2 months ago
Everest Bank Reports Rs. 5.07 Billion Profit in FY 2082/83
Everest Bank Limited reported a 4.75% year-on-year increase in net profit to NPR 5.07 billion for FY 2082/83, supported by growth in deposits and lending despite higher impairment charges.
2 months ago
Nabil Bank's Profit Jumps 33.5% to NPR 7.91 Billion
Nabil Bank has reported a 33.5% year-on-year rise in net profit to NPR 7.91 billion for FY 2082/83, driven by lower impairment charges, improved operating performance, and stronger dividend capacity.
2 months ago
Finance Minister to Hold Special Meeting with NRB Executive Directors
Finance Minister Dr. Swarnim Wagle is set to hold a special discussion with all Executive Directors of Nepal Rastra Bank to review the country's financial situation, monetary policy implementation, and key economic challenges.
2 months ago
NRB Board to Remain Seven-Member Body with Mandatory Female Representation
The House of Representatives' Finance Committee has agreed to retain the Nepal Rastra Bank (NRB) Board as a seven-member body, with mandatory representation of at least one woman.
2 months ago
NRB Takes Action Against Prabhu, Rastriya Banijya and Agricultural Development Banks
Nepal Rastra Bank (NRB) has taken regulatory action against Prabhu Bank, Rastriya Banijya Bank, and Agricultural Development Bank for violating banking regulations. The central bank fined Prabhu Bank's former CEO and warned the two state-owned banks over compliance failures.
2 months ago