Tag Archives: #NRB

By Karuna Thapa Kathmandu, April 17 The government’s decision to suspend Nepal Rastra Bank Governor Maha Prasad Adhikari has been challenged in court. On April 8, the government removed Adhikari from his position as governor, and he appealed to the Supreme Court. The officer has filed a writ petition, requesting that the charge be returned to the governor on an …

By Karuna Thapa Kathmandu, 17 The Nepal Rastra Bank Employees Union has criticized the government’s decision of suspending Governor Maha Prasad Adhikari last week. A black banner with the slogans ”Stop naked interference in the central bank’s autonomy” and ”Return the action taken against the officer immediately” was posted in front of the office’s main building. The association’s president, Rudra Prasad Timsina, …

By Karuna Thapa Kathmandu, April 12 Former Governor of the Nepal Rastra Bank, Dr. Chiranjeevi Nepal, has said firmly that the Nepalese economy is not in the way of Sri Lanka. He also stated that Nepal’s present economic problems would be handled soon. Dr. Nepal has said that he is hopeful that the present crisis will be handled soon in …

By Karuna Thapa Kathmandu, April 12 According to Nepal Rastra Bank, the annual point-to-point pay and wage rate index climbed by 7.26 percent in March. The NRB provided this information when releasing the country’s current economic and financial status for the previous eight months. In the previous year’s corresponding month, it had climbed by 1.89 percent. During the review month, …

By Karuna Thapa Kathmandu, April 11 Acting Governor of Nepal Rastra Bank Dr. Nilam Dhungana Timsina stated that there is a need to be patient for a while because the banking system is under liquidity pressure. Dhungana, speaking at the 3rd National Microfinance Members’ Conference in Kathmandu on Monday, stated that everyone should be patient for a while because the …

By Karuna Thapa Kathmandu, April 10 Next Tuesday, the Nepal Rastra Bank will make Rs. 15.25 billion treasury bill public. The bank would make the Rs 15.25 billion treasury bill public for 91 days, 182 days, and 364 days. The bank has told the public that all forms of bills will be distributed tomorrow, April 11 and that all types …

By Karuna Thapa Kathmandu, April 8 High-ranking personnel of Nepal Rastra Bank has been accused of leaking secret material to the public, according to Finance Minister Janardhan Sharma. A member of the Rastra Bank board of directors has alleged that he had information that a deal had been reached to clear millions of rupees in the accounts of Prithvi Bahadur …

By Muna Chand Kathmandu, April 8 Brushing aside reports that the country was heading into an economic slump, the central bank of the country, Nepal Rastra Bank (NRB) has said the overall economic situation of the country is not in tailspin. At a program organized by the Reporters’ Club in the federal capital on Thursday, Executive Director of NRB Gunakar …

BY karuna Thapa Kathmandu, April 5 The Nepal Rastra Bank (NRB) has urged commercial banks not to issue letter of credit (LC) accounts in order to halt the import of luxury goods, especially automobiles. On Monday, the Nepal Rastra Bank organized a conference of CEOs and officials from commercial banks to examine the matter, since the country’s currency reserves were …

By Karuna Thapa Kathmandu, March 23 Refinancing from Rs 1.5 million to Rs 200 million has been arranged by Nepal Rastra Bank. Customers may now acquire refinancing from Rs 1.5 million to Rs 200 million at a minimum interest rate of two to seven percent, according to a change in the bank’s refinancing procedure. The refinancing process 2077 has been …