Banking News
Interest Rate Cut: Nepal’s Banks Lower Deposit Rates Amid Excess Liquidity
Twenty commercial banks in Nepal have announced their new interest rates for Bhadra, with the average maximum deposit rate declining further from the previous month as excess liquidity continues to build up in the banking system.
2 days ago
NRB to Raise Rs. 20 Billion Through 35-Day Deposit Collection Instrument
Nepal Rastra Bank is set to collect Rs. 20 billion from banks and financial institutions through a 35-day deposit collection instrument to manage liquidity in the banking system.
4 days ago
Banking Sector Recovery Begins? ICRA Says Nepal’s Toughest Phase May Be Over
ICRA Nepal’s latest report says Nepal’s banking sector is gradually moving toward recovery, supported by lower interest rates, improving loan growth and stronger borrower finances, although high non-performing loans and capital pressure remain major concerns.
5 days ago
Q4 Update: Kumari Bank’s Profit Surges 306% to Rs. 7.39 Billion
Kumari Bank Limited has reported a sharp 305.96% year-on-year increase in net profit to Rs. 7.39 billion in Q4 of FY 2082/83, supported by higher net interest income and a reversal of impairment charges.
6 days ago
NIC Asia Capital Proposes 50% Cash Dividend
NIC Asia Capital Limited has proposed a 50% cash dividend, including tax, for its shareholders from the profits of FY 2082/83. The proposal will be presented for final approval at the company’s upcoming 10th Annual General Meeting (AGM).
6 days ago
Nepal Moves Toward Digital Rupee, Legal Reforms and Pilot Testing Underway
Nepal is preparing to introduce a central bank digital currency (CBDC), with legal reforms, regulatory frameworks and controlled pilot testing being considered before the digital rupee is rolled out to the public.
7 days ago
Nepal Rastra Bank Tightens Rules for Hire Purchase Finance Companies
Nepal Rastra Bank has introduced stricter regulatory provisions for hire purchase finance companies, including a minimum paid-up capital of Rs. 300 million, lending limits, interest rate controls and stronger corporate governance requirements.
7 days ago
Major Microfinance Merger Takes Shape as First Microfinance and Mahila Microfinance Sign MOU
First Microfinance and Mahila Microfinance have signed a preliminary agreement to merge, paving the way for a stronger and more geographically diversified microfinance institution.
7 days ago
Nepal Moves Closer to Digital Rupee as NRB Completes CBDC Feasibility Study
Nepal Rastra Bank has completed its feasibility study on a Central Bank Digital Currency (CBDC), or Digital Rupee, highlighting its potential to strengthen payment security, expand financial access, reduce cash-management costs, and support Nepal’s transition toward a digital economy.
8 days ago
Nepal Moves Closer to Digital Rupee as NRB Completes CBDC Feasibility Study
Nepal Rastra Bank has completed its feasibility study on a Central Bank Digital Currency (CBDC), or Digital Rupee, highlighting its potential to strengthen payment security, expand financial access, and reduce the cost of managing physical currency.
8 days ago
Digital Rupee Alert: Nepal Could Save Rs. 4.73 Billion on Currency Printing
Nepal Rastra Bank has unveiled a concept for a Central Bank Digital Currency (CBDC), marking a potential turning point in the country’s financial system. If implemented effectively, digital currency could reduce the need for physical banknotes by 50% within five years, potentially saving the government around Rs. 4.73 billion.
9 days ago
Digital Payment Boom: QR Transactions Surge by 92% in Nepal
Nepal’s shift toward digital payments is accelerating rapidly, with QR payment transactions rising by 92.5% and transaction value increasing by 91.8% in FY 2024/25, according to Nepal Rastra Bank data. Digital wallet and mobile banking users have also crossed 26 million and 27 million, respectively.
9 days ago