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New cash transaction rule takes effect from today; Cash limit slashed to Rs 500,000

KATHMANDU: A new restriction on cash transactions has come into force from Thursday, mandating that any transaction exceeding Rs 500,000 must be conducted through banks or formal financial channels. The move marks a significant tightening of Nepal’s cash economy as the government steps up efforts to curb tax evasion,...

New cash transaction rule takes effect from today; Cash limit slashed to Rs 500,000
Commercial banks lower FD rates for Magh; average deposit return falls to 4.68pc

Commercial banks lower FD rates for Magh; average deposit return falls to 4.68pc

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The remittance boost: How money from abroad is strengthening Nepal’s economy and BoP

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Rising deposit and loan accounts in BFIs signal shifts in Nepal’s banking and economic activity

Rising deposit and loan accounts in BFIs signal shifts in Nepal’s banking and economic activity

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Cash withdrawal above Rs 500,000 via cheque prohibited, Account payee made mandatory

Cash withdrawal above Rs 500,000 via cheque prohibited, Account payee made mandatory

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Inflation drops to 1.63 pc—Lowest Since 2013—as food prices fall 2 pc

Banking sector tightens grip on NEPSE as Nabil Bank remains most valuable listed firm

Banking sector tightens grip on NEPSE as Nabil Bank remains most valuable listed firm

NIC Asia Bank calls for action After ‘Arson Attempt’ at Itahari

NIC Asia Bank calls for action After ‘Arson Attempt’ at Itahari

Central bank to withdraw 20 billion rupees to manage excess cash

Central bank to withdraw 20 billion rupees to manage excess cash

Global IME Bank honors 175 employees on its 19th anniversary

Global IME Bank honors 175 employees on its 19th anniversary

Deposits turn into a burden as lending stalls, Pressure mounts on Nepal’s banking performance

Deposits turn into a burden as lending stalls, Pressure mounts on Nepal’s banking performance

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