Banking News
Jyoti Bikas Bank Delivers 906% Profit Surge in Q4 FY 2082/83
Jyoti Bikas Bank Limited (JBBL) reported a sharp turnaround in its fourth-quarter performance for FY 2082/83, with net profit soaring more than nine-fold, driven by higher operating income, lower funding costs, and a reversal of impairment charges.
12 days ago
NRB Digitizes Open Market Operations, Tightens Rules for Banks
Nepal Rastra Bank (NRB) has introduced a revised Open Market Operations Procedure, 2083, replacing paper-based processes with online bidding while imposing stricter penalties on banks that fail to comply with operational rules.
12 days ago
Everest Bank Reports Rs. 5.07 Billion Profit in FY 2082/83
Everest Bank Limited reported a 4.75% year-on-year increase in net profit to NPR 5.07 billion for FY 2082/83, supported by growth in deposits and lending despite higher impairment charges.
13 days ago
Nabil Bank's Profit Jumps 33.5% to NPR 7.91 Billion
Nabil Bank has reported a 33.5% year-on-year rise in net profit to NPR 7.91 billion for FY 2082/83, driven by lower impairment charges, improved operating performance, and stronger dividend capacity.
13 days ago
Finance Minister to Hold Special Meeting with NRB Executive Directors
Finance Minister Dr. Swarnim Wagle is set to hold a special discussion with all Executive Directors of Nepal Rastra Bank to review the country's financial situation, monetary policy implementation, and key economic challenges.
13 days ago
NRB Board to Remain Seven-Member Body with Mandatory Female Representation
The House of Representatives' Finance Committee has agreed to retain the Nepal Rastra Bank (NRB) Board as a seven-member body, with mandatory representation of at least one woman.
14 days ago
NRB Takes Action Against Prabhu, Rastriya Banijya and Agricultural Development Banks
Nepal Rastra Bank (NRB) has taken regulatory action against Prabhu Bank, Rastriya Banijya Bank, and Agricultural Development Bank for violating banking regulations. The central bank fined Prabhu Bank's former CEO and warned the two state-owned banks over compliance failures.
16 days ago
Lawmakers Seek Major Overhaul of NRB Leadership and Board Structure
Lawmakers have proposed sweeping amendments to the Nepal Rastra Bank (Third Amendment) Bill, seeking to reform the central bank's leadership selection process, strengthen institutional independence, enhance transparency, and ensure greater inclusiveness in its Board of Directors.
16 days ago
Policy Uncertainty Dragging Nepal's Economy, NRB Study Warns
A new Nepal Rastra Bank (NRB) study has found that economic policy uncertainty significantly weakens Nepal's economy by reducing GDP growth, discouraging investment, slowing bank lending, and increasing volatility in the stock market. The report emphasizes that predictable policies and clear communication are essential to maintaining investor confidence and ensuring long-term economic stability.
16 days ago
Commercial Banks Cut Base Rates as Liquidity Improves
Nepal's commercial banks have further reduced their base rates for Shrawan as improving liquidity and lower deposit costs pave the way for cheaper loans and stronger credit growth.
19 days ago
Nepal Rastra Bank Takes Action Against Three Financial Institutions for Regulatory Violations
Nepal Rastra Bank (NRB) has imposed disciplinary measures against Narayani Development Bank, Saptakoshi Development Bank, and Reliance Finance for violating banking regulations during the fourth quarter of FY 2082/83.
22 days ago
Nepal Rastra Bank to Mop Up NPR 30 Billion in Deposits to Manage Excess Liquidity
Nepal Rastra Bank (NRB) has announced plans to collect NPR 30 billion in deposits for 179 days through a competitive bidding process as part of its efforts to absorb excess liquidity and stabilize market interest rates.
22 days ago