KATHMANDU, September 24: The Nepal Rastra Bank (NRB) has unveiled a new provision ensuring concessional loan for the establishment of electronic vehicle charging station.
The central bank has come up with such idea to promote use of e-vehicles and increase electricity consumption through third amendment to refinancing procedures.
The latest move of the central bank is to benefit the private sector that is working for the development electronic vehicle charging station with top priority in the recent days.
Currently, 15 charging stations have been run while the Nepal Electricity Authority (NEA) is working to set up 50 electronic vehicle charging stations across the country.
Likewise, the NRB would provide refinancing service to the broadband internet service providing organisation, which will help increase internet penetration in the country's rural areas.
KATHMANDU, Aug 21: A report prepared by the Nepal Rastra Bank (NRB) has unveiled that there were 36.3 million deposit accounts in Nepal. The report added that financial access has expanded to 60.9 percent of Nepalis who have at least one deposit account in the bank.
There are altogether 5,978 banks of various classes such as A, B and C as of April this year.
The study conducted on the status of financial access in Nepal showed there were 36.3 million deposit accounts and 1.6 plus loan accounts in Nepal by mid-June 2020.
Among the total deposit accounts, 67.7 percent are active while the remaining ones are dormant. Similarly, of active deposit accounts, female’s account accounted for 72.2 per cent.
Similarly, out of total deposit accounts, saving accounts constitute 90.6 per cent.
Among the total 753 local levels, 750 local units had commercial banks ensuring people's financial access. Dhading district’s Rubi Valley, Jajarkot’s Junichande and Bajhang’s Saipal have no commercial banks, according to the report.
Among those having access to banking in the country, the number of mobile banking users stands at 32 per cent, the report mentioned.
verest Bank and Kirtipur Municipality have signed an agreement under which the bank will provide Kirtipur residents agriculture loans, interest subsidy loans, SME loans, and education loans per internal credit guidelines and NRB guidelines. Everest Bank CEO G.K Negi and Kirtipur mayor Ramesh Maharjan signed the MoU at an event held at Everest Bank’s head office in […]
