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Govt extends timeline for banks to use 80 percent of local govts’ reserve funds in their CD ratio count

KATHMANDU: The government has extended the timeline allowing banks to consider up to 80 percent of the reserve funds of local governments in their deposit for another six months, citing the liquidity crisis prevailing in the banking system. The Ministry of Finance (MoF) wrote to Nepal Rastra Bank (NRB)...

Govt extends timeline for banks to use 80 percent of local govts’ reserve funds in their CD ratio count
Challenges facing the new Finance Minister Paudel

Challenges facing the new Finance Minister Paudel

Can cryptocurrencies really lead to a financial crisis?

Can cryptocurrencies really lead to a financial crisis?

Co-ops hit by the country’s worsening economic conditions, increasing number facing financial problems

Co-ops hit by the country’s worsening economic conditions, increasing number facing financial problems

Investment is not a problem if there is a commercial idea: Senior VP Dhakal

Investment is not a problem if there is a commercial idea: Senior VP Dhakal

Nepal will be blacklisted if financial crime control law is not enacted

Nepal will be blacklisted if financial crime control law is not enacted

Inflation keeps its high at 8.08 pc, BoP remained at surplus of Rs 20.03 bn

Inflation keeps its high at 8.08 pc, BoP remained at surplus of Rs 20.03 bn

Global IME Bank and BoK seek NRB’s approval to conclude merger

Global IME Bank and BoK seek NRB’s approval to conclude merger

NRB to freez bank accounts and electronic payments of bookies

NRB to freez bank accounts and electronic payments of bookies

BFIs will not increase interest on deposits even in January

BFIs will not increase interest on deposits even in January

NRB receives increasing reports against suspicious transactions in BFIs

NRB receives increasing reports against suspicious transactions in BFIs

Expansion of financial access a must for economic development in Province-1: NRB study

Expansion of financial access a must for economic development in Province-1: NRB study

Government removes prohibition on luxury goods imports

Government removes prohibition on luxury goods imports

NRB removes cash margin provision on imports of construction materials

NRB removes cash margin provision on imports of construction materials

Economy is on the mend: NRB

Economy is on the mend: NRB

Insurance companies start distributing Covid-19 insurance to insurance claimants

Insurance companies start distributing Covid-19 insurance to insurance claimants

NRB slaps cash fine on banks breaching guidelines

NRB slaps cash fine on banks breaching guidelines

Rs 37 billion pledged under foreign loans to Nepal, grants not received

Rs 37 billion pledged under foreign loans to Nepal, grants not received

NRB revoked license of 179 financial institutions

NRB revoked license of 179 financial institutions

Election countdown: the government set to hand over 8.5 pc inflation to the next govt

Election countdown: the government set to hand over 8.5 pc inflation to the next govt

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