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
Commercial banks reducing interest rate Commercial banks are reducing the interest rate for the month of Magh (from January 15- February 12). Business 12 Jan, 2023
Global IME felicitates staff members On the occasion of its 16th anniversary, Global IME Bank Ltd (GIMEB) has felicitated 59 staff members who have been affiliated with the commercial bank for the past 15 years. Nepal 04 Jan, 2023
KBL, NCCB merge The joint operation of Kumari Bank Ltd (KBL) and Nepal Credit and Commerce Bank (NCCB) has commenced under the name ‘Kumari Bank Ltd’ following successful merger of the commercial banks in a share swap ratio of 1:1. Business 02 Jan, 2023
Uptick in realty sector, but still in turmoil Despite an uptick in the real estate sector last month, the recently introduced Land Use Regulation 2022, along with liquidity crunch continues to pose challenges for the realty market, with the number of transactions slumping by nearly 60 per cent. Business 17 Dec, 2022
NBA decides to hold interest rates on deposits Commercial banks have decided not to revise interest rates for deposits from to mid-December to mid-January. Business 14 Dec, 2022
NRB to invest over Rs 1.53 billion in fixed deposits The Nepal Rastra Bank (NRB) has announced it will invest over Rs 1.53 billion in fixed deposits of banks and financial institutions (BFIs). Business 01 Dec, 2022
'Unable to address current economic downturn' Federation of Nepalese Chambers of Commerce and Industry (FNCCI) — the largest private sector umbrella organisation — has said the recently unveiled first quarter review of the Monetary Policy for fiscal year 2022- 23 by the Nepal Rastra Bank is unable to address current economic downturn. Business 30 Nov, 2022
NRB reduces interest rate spread Nepal Rastra Bank (NRB) has reduced the interest rate spread (difference between interest rates between loan and deposit) of banking and financial institutions (BFIs). Business 28 Nov, 2022
Government felicitates highest taxpayers The government has honoured the highest taxpayers of the country in the fiscal year 2021-22 under different categories on the occasion of the National Tax Day. Business 24 Nov, 2022
NBA decides to maintain interest rates on deposits for next month Commercial banks have decided not to increase interest rates for deposits from mid-November to mid-December. Business 16 Nov, 2022
Outstanding amount of refinance issued by NRB stands at Rs 108.49 billion until Mid-September The outstanding amount of refinance provided by Nepal Rastra Bank (NRB) remained Rs.108.49 billion in mid-September 2022. As of mid-September 2022, the outstanding concessional loan is Rs. 213.23 billion extended to 147,926 borrowers. Business 07 Nov, 2022
