Stories Tagged 'Nrb'
Nepal Rastra Bank (NRB) has revised the cash reserve ratio (CRR) for commercial banks from 6 percent to 4 percent and slashed the interest rate spread from 5 percent to 4.5 percent. Unveiling the Monetary Policy for 2018-19, the central bank announced the new provisions to address a shortage of loanable funds besides reining in soaring interest rates on loans.
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The Nepal Rastra Bank (NRB), the central bank, has gradually started rolling out its Monetary Policy for 2017-18, with the commencement of the new fiscal year on July 16.
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The Nepal Rastra Bank, on behalf of the government, is floating foreign employment saving bonds worth Rs250 million on Wednesday, in a bid to pool savings of Nepalis working abroad to finance various development projects in the country.
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The Confederation of Nepalese Industries (CNI), an umbrella body of manufacturing and services enterprises, has called on the Nepal Rastra Bank (NRB) to increase credit
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Rapid credit expansion, especially of overdraft, hire purchase and real estate loans, has started raising eyebrows of the banking sector regulator, as it suspects funds may be going towards unproductive sectors, such as real-estate, inflating asset prices.
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Nepal Rastra Bank (NRB) has directed the bank and financial institutions to bear the cost of police investigation on banking fraud cases.
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