Stories Tagged 'Nepal rastra bank'
Nepal Rastra Bank on Sunday issued a circular prohibiting Nepali travellers, banks and financial institutions from holding or carrying and trading Indian bank notes higher than Rs100.
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A Centre for Investigative Journalism-Nepal report paints a damning picture of how illegal money is coming into country from tax havens in the form of foreign direct investment.
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The government is mulling to introduce a new law which will require banks and financial institutions to get approval from Nepal Rastra Bank before appointing their chief executive officers.
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The Supreme Court has written to the Nepal Rastra Bank and Nepal Investment Bank Limited, directing them to redeposit the money that controversial businessman Ajeya Raj Sumargi had withdrawn on the basis of an interlocutory interim order issued by the court earlier.
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Nepal Rastra Bank on Sunday urged bankers to implement best-practice monetary policy, which is crucial to boost capital from the private sector, in order to accelerate economic growth.
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Nepal Stock Exchange (Nepse) index last week gained 49.22 points to close at 1,215.16 points as the Nepal Rastra Bank stepped in to address the problems in the country’s only secondary market by adopting a lenient policy with regards to providing loan against shares.
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