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New Law: government to handle all check bounce cases, jail terms increased

KATHMANDU:  In a major legislative change, all cases related to check bounce (dishonored checks) will now be handled as government cases, according to a new amendment to the *Banking Offenses and Punishment Act, 2064*. Previously, some check bounce cases were handled as government cases, while others fell under criminal...

New Law: government to handle all check bounce cases, jail terms increased
ADB Sharpens Strategic Focus, Increases Support for Key Priorities

ADB Sharpens Strategic Focus, Increases Support for Key Priorities

Global IME Bank offers 5 additional benefits for new account holders

Global IME Bank offers 5 additional benefits for new account holders

Government taskforce mandates insurance for microfinance projects to address loan repayment issues

Government taskforce mandates insurance for microfinance projects to address loan repayment issues

NRB to Provide Clean Notes Instead of New Currency for Dashain, Aims to Promote Digital Transactions

NRB to Provide Clean Notes Instead of New Currency for Dashain, Aims to Promote Digital Transactions

NRB reports significant improvement in commercial banks’ lending capacity

NRB reports significant improvement in commercial banks’ lending capacity

Global IME Bank Launches Global Junior App Targeted at Children

Global IME Bank Launches Global Junior App Targeted at Children

MoF Forms Two Rapid Inspection Teams to Combat Revenue Leakages

MoF Forms Two Rapid Inspection Teams to Combat Revenue Leakages

Global IME Bank signs agreement with MAW Vriddhi Motors and MAW Vriddhi Autocorp for EV loans

Global IME Bank signs agreement with MAW Vriddhi Motors and MAW Vriddhi Autocorp for EV loans

Government revives efforts to amend Securities Act, lacking major reforms

Government revives efforts to amend Securities Act, lacking major reforms

Loan disbursement remains low despite favorable investment climate

Loan disbursement remains low despite favorable investment climate

NRB permits microfinance institutions to reschedule and restructure loans for the next three years

NRB permits microfinance institutions to reschedule and restructure loans for the next three years

Nepal’s commercial banks reduce bad debt ratio by 3.34% in last fiscal quarter

Nepal’s commercial banks reduce bad debt ratio by 3.34% in last fiscal quarter

Government Plans to Revise Laws to Strengthen Investigation and Prosecution of Banking Offenses

Government Plans to Revise Laws to Strengthen Investigation and Prosecution of Banking Offenses

Nepal’s banking sector undergoes comprehensive audit by KPMG India to ensure economic resilience

Nepal’s banking sector undergoes comprehensive audit by KPMG India to ensure economic resilience

Global IME Bank and Adhyanta Fund Management sign loan agreement to boost SME sector

Global IME Bank and Adhyanta Fund Management sign loan agreement to boost SME sector

Commercial banks reduce interest rates to single digit, loan growth stagnates

Commercial banks reduce interest rates to single digit, loan growth stagnates

NRB enforces 35-day deadline for repatriation of earnings by returning Nepali migrant workers

NRB enforces 35-day deadline for repatriation of earnings by returning Nepali migrant workers

Global IME Bank’s new CEO vows to strengthen brand and market presence

Global IME Bank’s new CEO vows to strengthen brand and market presence

Nepal’s stock market capitalization surges to record high: Investors raise concerns over calculation method

Nepal’s stock market capitalization surges to record high: Investors raise concerns over calculation method

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