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NRB bans multiple cards of same type from single account in new payment system directive

KATHMANDU: Nepal Rastra Bank (NRB) has introduced strict regulations under its latest unified payment system directive, prohibiting banks and financial institutions from issuing multiple debit, credit, or prepaid cards of the same type from a single customer account. The new rule, effective following a circular issued on Wednesday, aims...

NRB bans multiple cards of same type from single account in new payment system directive
Central Bank sets deadline for payment firms to transform into public entities

Central Bank sets deadline for payment firms to transform into public entities

Finance Minister vows to remove Nepal from FATF grey list in parliament address

Finance Minister vows to remove Nepal from FATF grey list in parliament address

Finance Ministry faces budget constraints amid fiscal mismanagement

Finance Ministry faces budget constraints amid fiscal mismanagement

Global IME Bank to organize AI/ML hackathon

Global IME Bank to organize AI/ML hackathon

NRB raises NPA limit for deposits to 8pc amid rising bad loans

NRB raises NPA limit for deposits to 8pc amid rising bad loans

Ministry of Finance initiates budget preparation for FY 2025/26 with detailed timeline

Ministry of Finance initiates budget preparation for FY 2025/26 with detailed timeline

NRB initiates draft legislation for asset management company to address non-performing loans

NRB initiates draft legislation for asset management company to address non-performing loans

NRB governor Maha Prasad Adhikari’s final monetary policy review sparks mixed reactions

NRB governor Maha Prasad Adhikari’s final monetary policy review sparks mixed reactions

NRB prepares for second monetary policy review of the fiscal year

NRB prepares for second monetary policy review of the fiscal year

Sharad Ojha appointed as chairman of Nepal Insurance Authority

Sharad Ojha appointed as chairman of Nepal Insurance Authority

Nepal commits to seven reforms after being placed on FATF’s grey list

Nepal commits to seven reforms after being placed on FATF’s grey list

Nepal faces global scrutiny: FATF places nation on Grey List over money laundering concerns

Nepal faces global scrutiny: FATF places nation on Grey List over money laundering concerns

Nigeria sues Binance for $81.5 bn over alleged economic losses and unpaid taxes

Nigeria sues Binance for $81.5 bn over alleged economic losses and unpaid taxes

Banks in dilemma over capital fund pressure despite liquidity surplus

Banks in dilemma over capital fund pressure despite liquidity surplus

Commercial banks expand loans by 5.62pc in seven months of current FY

Commercial banks expand loans by 5.62pc in seven months of current FY

Interest rate cuts halted amid rising loan demand and liquidity adjustments

Interest rate cuts halted amid rising loan demand and liquidity adjustments

Interest rate reduction halted; 18 banks maintain stable rates in Falgun

Interest rate reduction halted; 18 banks maintain stable rates in Falgun

SEBON advances process for new stock exchange license amid controversy

SEBON advances process for new stock exchange license amid controversy

Nepal slashes interest subsidy limits for concessional loans amid concerns over misuse

Nepal slashes interest subsidy limits for concessional loans amid concerns over misuse

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