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Finance Minister Sharma asks microfinance institutions to bring down interest rate

KATHMANDU: Finance Minister Janardan Sharma has urged the microfinance institutions (MFIs) to reduce the current interest rate on their credit flow. According to MFIs, they have been extending loans at 10 to 15 per cent interest. Accepting the demand letter of Microfinance Association of Nepal on Sunday, Minister Sharma stated...

Finance Minister Sharma asks microfinance institutions to bring down interest rate
Foreign exchange reserves slide by Rs 45.21 billion

Foreign exchange reserves slide by Rs 45.21 billion

Nepal Investment Bank starts first card-based ‘Scan to Pay’ solution in Nepal

Nepal Investment Bank starts first card-based ‘Scan to Pay’ solution in Nepal

Central bank studying feasibility of introducing digital currency in Nepal

Central bank studying feasibility of introducing digital currency in Nepal

NRB tightens foreign currency exchange rules amid pressure on foreign exchange reserves

NRB tightens foreign currency exchange rules amid pressure on foreign exchange reserves

Nabil Bank bags ‘Leading Partners Bank in Nepal’ award from ADB TSCFP

Nabil Bank bags ‘Leading Partners Bank in Nepal’ award from ADB TSCFP

Banks start facing difficulty to maintain CRR provision as liquidity crisis deepens

Banks start facing difficulty to maintain CRR provision as liquidity crisis deepens

Explainer: What’s new in China’s crackdown on crypto?

Explainer: What’s new in China’s crackdown on crypto?

Citizens Bank International announces 16% dividend for FY 2077/78

Citizens Bank International announces 16% dividend for FY 2077/78

Remittances to Nepal: RBI hikes per transaction cap to Rs 200,000 from Rs 50,000

Remittances to Nepal: RBI hikes per transaction cap to Rs 200,000 from Rs 50,000

Record high transactions through digital means in first month of FY 2021-22

Record high transactions through digital means in first month of FY 2021-22

Sudesh Khaling assumes office as CEO of Everest Bank today

Sudesh Khaling assumes office as CEO of Everest Bank today

Sanima Bank introduces festive campaign ‘Big Deal @ Sasto Deal’

Sanima Bank introduces festive campaign ‘Big Deal @ Sasto Deal’

NRB issues Rs 30 billion repo to manage liquidity in the financial system

NRB issues Rs 30 billion repo to manage liquidity in the financial system

Credit flow of commercial banks up by Rs 166 billion in first two months of FY 2021-22

Credit flow of commercial banks up by Rs 166 billion in first two months of FY 2021-22

NRB ask banks to roll back their decision to raise interest rate

NRB ask banks to roll back their decision to raise interest rate

Fonepay Direct reduces service charge on interbank fund transfers to Rs 10 per transaction

Fonepay Direct reduces service charge on interbank fund transfers to Rs 10 per transaction

NIFRA propose 8.5% cash dividend for the fiscal year 2077-78

NIFRA propose 8.5% cash dividend for the fiscal year 2077-78

Revised interest rates: Banks give away up to 10 percent on fixed deposits

Revised interest rates: Banks give away up to 10 percent on fixed deposits

NRB to start circulating new banknotes for Dashain from tomorrow

NRB to start circulating new banknotes for Dashain from tomorrow

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