Stories By 'RUPAK D SHARMA'
Nepal will have to wait for at least a year to tap the grant of $500 million provided by the US government, as various legal and other processes have to be followed to lay the groundwork to make appropriate use of the fund.
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The exposure of commercial banks to overdraft, a loan product considered highly risky by the banking sector regulator, is increasing rapidly, with the credit making a contribution of as high as 37 percent to the total loan portfolio of a bank.
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On August 15, the Nepal Rastra Bank, the banking sector regulator, barred banks and financial institutions from factoring in deposit collected from other banking institutions to gauge their lending capacity.
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Interest rates on both deposit and credit, which were showing signs of moderating following jump in liquidity level, are likely to remain at the same level or go up further,
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The board of directors of the Nepal Rastra Bank (NRB), the central bank, is mulling over taking a decision that is expected to be detrimental not only to the institution but other state-owned commercial banks operating in the country as well.
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For the first time in recent years, the Nepal Rastra Bank (NRB), the central monetary authority, is raising debt from the domestic market from the first month of the fiscal year, as transfers made to local bodies have raised the spectre of government facing shortage of funds.
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