Global growth to fall to 2.9pc, global inflation at 6.6pc in 2023: IMF The International Monetary Fund (IMF) has projected global growth to fall from an estimated 3.4 per cent in 2022 to 2.9 per cent in 2023 and rise to 3.1 per cent in 2024. Business 01 Feb, 2023
NRB to issue development bonds worth Rs 8bn Nepal Rastra Bank (NRB), the central monetary authority, is set to issue development bonds worth eight billion rupees. Business 31 Jan, 2023
IMF upgrades outlook for the global economy in 2023 The outlook for the global economy is growing slightly brighter as China eases its zero-COVID policies and the world shows surprising resilience in the face of high inflation, elevated interest rates and Russia's ongoing war against Ukraine. World 31 Jan, 2023
NRB to auction T-Bills worth over Rs 21 billion Nepal Rastra Bank (NRB) has decided to issue Treasury Bills (T-Bills) worth over Rs 21.1 billion on Monday. Business 30 Jan, 2023
Share market's gain limited as long-term investors stay away The Nepal Stock Exchange (Nepse) index inched up by 4.40 points or 0.20 per cent, clocking the fifth consecutive week-onweek gain in the trading week between January 23 and 26. Business 29 Jan, 2023
Nepal's commercial banks: Unfair competition, syndicate and conflict of interest Banks and financial institutions (BFIs) are the intermediaries of the financial system to bridge savers and investors and efficiently allocate the risks and returns between them. The lending source is primarily public deposit, which they should return upon demand. Opinion 27 Jan, 2023
Price of yellow metal sets new record Gold price has hit a new high in the domestic market today. Business 24 Jan, 2023
NRB scraps cash margin provision on imports The Nepal Rastra Bank (NRB) has scrapped the provision requiring importers to deposit 50 to 100 per cent cash margin while opening letter of credit (LC) following the improvement in foreign currency reserves, which is currently sufficient to cover at least 10 months of imports. Business 20 Jan, 2023
NRB penalises 10 BFIs Nepal Rastra Bank (NRB) has taken action against six development banks and four finance companies for flouting rules. Business 19 Jan, 2023
Nepse index rises for third consecutive week The Nepal Stock Exchange (Nepse) index inched up by 5.46 points or 0.25 per cent, clocking the third consecutive week-on-week gain in the trading week between January 8 and 12. Business 15 Jan, 2023
Central bank report reveals gradual economic recovery The latest macroeconomic update unveiled by the Nepal Rastra Bank (NRB) today revealed gradual economic recovery, with improvements in remittance inflows, balance of payments and gross foreign exchange reserves and narrowing trade balance. Business 14 Jan, 2023
Banks gear up to reduce interest rate on deposits Commercial banks, which had been maintaining the interest rate since mid-October, have decided to reduce the interest rate on deposits from mid-January. Business 13 Jan, 2023
