Nepal Rastra Bank
Paypal May Enter Nepal – A game-changer for Digital Payments
In a groundbreaking development for Nepal’s financial technology sector, the world’s leading online payment gateway, PayPal, may soon make its entry into the Himalayan nation. Recent reports suggest that Nepal Rastra Bank (NRB), the country’s central bank, is actively pursuing collaboration with the American digital wallet giant to enhance international payment capabilities for Nepali users. […]
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Probe into Nepali Payment Firms
In a move to crackdown on illicit financial activities, the Nepal Rastra Bank (NRB), the country’s central bank and regulatory authority, has launched an investigation into two prominent Nepali payment service providers – Prabhu Money Transfer and Sajilo Pay Payment Services. The investigation stems from suspicions of their alleged involvement in unlawful businesses such as […]
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NRB Revises Vehicle Loan Rules, Eases Home Loan Criteria
In a significant move aimed at promoting financial inclusion and supporting economic growth, the Nepal Rastra Bank (NRB) has announced key revisions to its monetary policy during the third-quarter review for the fiscal year 2023/24. Among the notable changes, the central bank has reduced the risk weightage on vehicle loans and eased the eligibility criteria […]
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Nepal Launches Foreign Employment Saving Bond 2086 with 9% Interest Rate
The Public Debt Management Office (PDMO), operating under the Ministry of Finance, has unveiled the Foreign Employment Saving Bond 2086, offering a lucrative 9% interest rate. With the aim of attracting Nepali migrant workers and returning citizens, this bond initiative targets to raise Rs. 1 billion with a maturity period of five years. Catering specifically […]
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Nepal to Feature Revised Map on 100 Rupee Notes
In a move that underscores Nepal’s territorial claims, the government has announced its decision to incorporate a new map of the country on the 100 rupee currency notes. The decision, confirmed by the Minister for Communication, Information and Technology, and government spokesperson, was made during the Cabinet meetings held on April 25 and May 2. […]
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Nepal to Feature Revised Map on 100 Rupee Notes
In a move that underscores Nepal’s territorial claims, the government has announced its decision to incorporate a new map of the country on the 100 rupee currency notes. The decision, confirmed by the Minister for Communication, Information and Technology, and government spokesperson, was made during the Cabinet meetings held on April 25 and May 2. […]
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Nepal Rastra Bank Governor Assesses Economic Outlook as Moderate
In a comprehensive address marking the 69th anniversary of Nepal Rastra Bank (NRB), Governor Maha Prasad Adhikari provided an assessment of the country’s current economic condition, describing it as moderate. Despite challenges like low credit demand and economic slowdown, Adhikari highlighted positive signs in the external sector as a notable development during the year 2080 […]
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Nepal Rastra Bank Proposes QR Code Payment Limits for Indian Transactions
A recent proposal by Nepal’s central bank suggests imposing limits on payments made via Quick Response (QR) codes for Nepali nationals in India, aiming to enhance financial transparency and security. The panel suggests capping monthly QR code payments at IRs 100,000 (Rs160,000), except for transactions at specific locations like hotels, hospitals, and medicine shops, where […]
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Nepal Rastra Bank Paves Path for Digital Wallet Mergers
Nepal Rastra Bank (NRB) has amended the Payment and Settlement Bylaw, 2077 to allow digital wallets to merge. The amendment was made in order to promote consolidation and rationalization of the digital payment industry in Nepal. Under the new amendment, organizations that have received a license to perform payment activities can merge or acquire each […]
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Bank Holidays in Nepal 2080
Nepal Rastra Bank, the central bank of Nepal, recently released the annual bank holiday schedule for the period of 2080 BS (April 14, 2023-April 12, 2024). This announcement by NRB follows the government’s decision to allow certain essential service-providing institutions, such as banks, to operate on certain public holidays declared by the government. The NRB […]
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