KATHMANDU, APRIL 4: President of Nepal Investment Mega Bank, Prithvi Bahadur Pande, has said that the number of commercial banks in the country is still more than needed. While speaking at the 37th Annual General Meeting (AGM) held today in the capital, he made such a remark. “Given the relatively small size of the Nepali […]
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KATHMANDU, MARCH 13: Twenty commercial banks have made public new interest rates on the deposits for the coming Nepali month of Chaitra (mid-March to mid-April). A majority of them i.e. 17 reduced interest rates for personal term deposits and institutional deposits. This is attributed to increased liquidity in the banking system and decreased credit flow. […]
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KATHMANDU, JANUARY 30: Nepal Rastra Bank yesterday took action against three commercial banks for breaching the United Directives 2080 B.S (issued by the central bank). They are Global IME Limited, Prabhu Bank Limited and Himalayan Bank Limited. The first one was found to have collected interest from its customers by increasing the premium rate contrary […]
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Nepal's central bank, Nepal Rastra Bank (NRB), has barred commercial banks from issuing letters of credit for the import of luxury items citing an impending crisis in the national economy.
The post NRB bars commercial banks from issuing loans for luxury imports appeared first on OnlineKhabar English News.
