Stories Tagged 'Nepal rastra bank'
The Supreme Court (SC) on Tuesday issued an interim order directing Nepal Rastra Bank (NRB) and Nepal Investment Bank (NIB) to release Rs 2.14 billion remitted for Nepal Satellite Company owned by businessman Ajeya Raj Sumargi.
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Did the central bank make a mistake by not pushing for merger of banks and financial institutions when recapitalisation process began in the banking sector two-and-a-half years ago?
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The Nepal Rastra Bank (NRB), the banking sector regulator, has introduced a new directive on risk management, which makes it mandatory for banks and financial institutions to appoint a chief risk officer, formulate strategies to identify and manage risks, and develop a credit risk rating system to evaluate worthiness of borrowers.
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The Nepal Rastra Bank, the central bank, is floating foreign employment saving bonds worth Rs500 million on Sunday, as a part of the government’s plan to raise domestic debt worth Rs145 billion in the current fiscal year.
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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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The Nepal Rastra Bank (NRB) should ideally operate without courting much controversy over its internal management, operational modality, assessment of the economy, and the regulatory and supervisory mandate.
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