Tag Archives: #NRB

Call for applications for Citizen Savings Certificates with a 10% interest rate

By Karuna Thapa Kathmandu, March 15 The Citizen Savings Certificate 2083 ‘A’ has been issued by Nepal Rastra Bank. From Tuesday, one may apply for a 5-year citizen savings certificate with a 10% interest rate, according to the NRB. Citizens of Nepal who are interested in purchasing savings certificates can apply. The deadline for applications is April 13. The sum …

Read More »

Decreasing demand for automobiles

By Karuna Thapa Kathmandu, March 10 Banks have ceased offering vehicle loans, according to Dhruba Thapa, president of the NADA Automobile Retailers Group, an association of auto dealers. The sale of the automobiles was tough, according to Chairman Thapa, because the banks had halted the flow of financing. According to Thapa, many clients used to buy cars on the basis …

Read More »

On Tuesday, banks and financial institutions will be closed

By Karuna Thapa Kathmandu, March 7 Tomorrow is a holiday for banks and financial organizations (Tuesday). On the occasion of International Women’s Day, Nepal Rastra Bank has announced that banks and financial institutions would be closed. Banks across the country will be closed on Tuesday, according to Dr. Gunakar Bhatta of the Rashtra Bank.

Read More »

The treasury bill of Rs. 6.26 billion is being made public by Nepal Rastra Bank

By Karuna Thapa Kathmandu, March 7 Rs 6 billion treasury bills will be made public next Wednesday. The bank plans to issue two types of treasury notes worth Rs 6.26 billion in 28 and 91 days. By Monday at 3 p.m., interested investors, banks and financial institutions, collective groups, institutions, and individuals can apply. Treasury bills will be distributed on …

Read More »

The Nepal Rastra Bank (NRB) will also burn notes at its Biratnagar office

By Karuna Thapa Kathmandu, February 25 In its Biratnagar branch, the Nepal Rastra Bank will also burn bogus banknotes. The Banknote Shredding and Briquetting System (BSBS) was officially launched today at the Biratnagar office by Governor Maha Prasad Adhikari (Friday). The system was installed with the goal of modernizing and automating the laundry, according to NRB. Governor Adhikari, who inaugurated …

Read More »

Real estate and equity loans are being tightened

by Karuna Thapa Kathmandu, February 18 The Nepal Rastra Bank (NRB) has implemented a policy of tightening real estate and equity loans regulations. The central bank agreed to grant a 100 percent margin to tighten the unproductive sector, share pledges, and imports in its mid-year review of monetary policy for the current fiscal year. For share pledge loans, the central …

Read More »