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Finance committee discusses Indian govt ban on bank notes with FinMin, NRB governor
Source: RSS

Finance committee discusses Indian govt ban on bank notes with FinMin, NRB governor

The Finance Committee of the Legislature-Parliament on Thursday held a discussion with Deputy Prime Minister and Minister for Finance Krishna Bahadur Mahara and Governor of Nepal Rastra Bank (NRB) Chiranjibi Nepal on the latest issues that cropped up after the Indian government banned INR 500 and 1000 bank notes. Deputy Prime Minister and Minister for Finance Krisha Bahadur Mahara, Governor of...


Monetary Policy: NRB tightens flow of fund from banking system to stock market
Source: RSS

Monetary Policy: NRB tightens flow of fund from banking system to stock market

In a bid to tighten the flow of finance from the banking sector to the stock market, Nepal Rastra Bank (NRB) has revised the policy to float loans of banks and financial institutions (BFIs) against the shares pledge. Issuing the monetary policy for the fiscal year 2016/17 today, NRB governor Chiranjibi Nepal announced the revision on the valuation of the shares which BFIS accept as collateral to f...


Few takers for subsidized quake loans to rebuild homes
Source: RSS

Few takers for subsidized quake loans to rebuild homes

Though the devastating earthquakes last year damaged nearly 800,000 houses, only 18 individuals have taken advantage of a subsidized loan scheme under which only 2 percent interest is charged. According to data available at Nepal Rastra Bank (NRB), 18 borrowers have so far acquired loans totalling Rs 38 million from various bank and financial institutions (BFIs) for rebuildling their houses. ...


Nepal Rastra Bank Governor proposes 4 names for deputies
Source: RSS

Nepal Rastra Bank Governor proposes 4 names for deputies

Four Nepal Rastra Bank officials have been recommended for the two vacant posts of Deputy Governor. The NRB governor Chiranjibi Nepal recommended Chintamani Siwakoti, Narayan Paudel, Trilochan Pangeni and Shiva Nath Pandey to the posts. Paudel is from the Bank Supervision Department, Siwakoti from Currency Management Department, Pangeni from the Governors Office and Pandey from the Bank and ...


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