Banking News
Policy Uncertainty Dragging Nepal's Economy, NRB Study Warns
A new Nepal Rastra Bank (NRB) study has found that economic policy uncertainty significantly weakens Nepal's economy by reducing GDP growth, discouraging investment, slowing bank lending, and increasing volatility in the stock market. The report emphasizes that predictable policies and clear communication are essential to maintaining investor confidence and ensuring long-term economic stability.
Commercial Banks Cut Base Rates as Liquidity Improves
Nepal's commercial banks have further reduced their base rates for Shrawan as improving liquidity and lower deposit costs pave the way for cheaper loans and stronger credit growth.
Nepal Rastra Bank Takes Action Against Three Financial Institutions for Regulatory Violations
Nepal Rastra Bank (NRB) has imposed disciplinary measures against Narayani Development Bank, Saptakoshi Development Bank, and Reliance Finance for violating banking regulations during the fourth quarter of FY 2082/83.
Nepal Rastra Bank to Mop Up NPR 30 Billion in Deposits to Manage Excess Liquidity
Nepal Rastra Bank (NRB) has announced plans to collect NPR 30 billion in deposits for 179 days through a competitive bidding process as part of its efforts to absorb excess liquidity and stabilize market interest rates.
Global IME Bank Launches Nepal's First Nagarik App-Based Account Opening
Global IME Bank has introduced Nepal's first bank account opening service integrated with the Nagarik App, allowing eligible users to open a personal savings account online using their National Identity Card details, making the process faster, simpler, and more secure.
NRB Makes National ID Mandatory for Digital Wallet Users
Nepal Rastra Bank (NRB) has amended its Integrated Payment System Directive, making it mandatory for digital wallet users to update their National Identity Card details. Existing users have until the end of Ashwin 2083 BS to comply, while separate provisions have been introduced for Nepalis living abroad.
NRB Reissues Rules on Bringing Foreign Currency Into and Out of Nepal
Nepal Rastra Bank has republished its guidelines on carrying foreign and Indian currency across Nepal's borders, reminding travelers to comply with existing declaration and exchange regulations.
Nabil Bank Wins Three Prestigious Euromoney Awards, Named Nepal's Best Bank
Nabil Bank has received three prestigious honors at the Euromoney Awards for Excellence, earning recognition as Nepal's Best Bank, Best Bank for ESG, and Best Bank for SMEs for its strong financial performance, digital innovation, and commitment to sustainable banking.
Nepal’s Bank Deposits Surpass GDP, Raising Structural Economic Concerns
Nepal's banking system now holds deposits worth 131.76% of the country's GDP, highlighting deep financial penetration but also exposing structural weaknesses as surplus liquidity struggles to flow into productive sectors.
NRB Eases National ID Rule for Banking, Ends Automatic Account Freeze
Nepal Rastra Bank has relaxed its National Identity Card requirement for banking services, giving customers more time to comply while ensuring uninterrupted access to their accounts.
NRB Governor Says Monetary Policy Backs Government Agenda, Not a Standalone Economic Solution
Governor Prof. Dr. Bishwanath Poudel said the FY 2083/84 monetary policy is designed to complement the government's budget and reform agenda, stressing that the central bank alone cannot solve all economic challenges.
Nepal Rastra Bank to Mop Up Rs. 50 Billion Through Deposit Collection Auction
The central bank has invited bids to collect Rs. 50 billion from banks and financial institutions as part of its liquidity management strategy.