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Bank chairpersons push back against BAFIA changes; Central bank seeks middle ground

KATHMANDU: Amid mounting controversy over proposed amendments to the Bank and Financial Institutions Act (BAFIA), Nepal Rastra Bank (NRB) has initiated intensive discussions with top-level stakeholders in the banking sector. Following earlier consultations with CEOs, the central bank on Wednesday held a crucial meeting with board chairpersons of banks...

Bank chairpersons push back against BAFIA changes; Central bank seeks middle ground
Karnali Development Bank scam: corruption case filed against 109 people over Rs. 3.20 bn fraud

Karnali Development Bank scam: corruption case filed against 109 people over Rs. 3.20 bn fraud

Unregulated pre-IPO boom raises alarms in Nepal’s capital market amid SEBON inaction

Unregulated pre-IPO boom raises alarms in Nepal’s capital market amid SEBON inaction

HBL’s FPO allotted: 925,046 applicants receive 10 units each amid massive oversubscription

HBL’s FPO allotted: 925,046 applicants receive 10 units each amid massive oversubscription

Central bank issues guidance note on interest income recognition under NFRS 9, Mandates quarterly accounting for all BFIs

Central bank issues guidance note on interest income recognition under NFRS 9, Mandates quarterly accounting for all BFIs

World Bank raises interest rate on loans to Nepal after graduation from LDC status

World Bank raises interest rate on loans to Nepal after graduation from LDC status

NRB amends NFRS 9 guidelines, enforces stricter rules on credit loss provisioning and collateral valuation

NRB amends NFRS 9 guidelines, enforces stricter rules on credit loss provisioning and collateral valuation

NRB invites global bids for printing 420 million pieces of Rs. 50 banknotes

NRB invites global bids for printing 420 million pieces of Rs. 50 banknotes

India’s UPI overtakes Visa to become world’s No. 1 real-time payment system

India’s UPI overtakes Visa to become world’s No. 1 real-time payment system

Stock brokers trade over Rs 4.2 trillion in previous FY, NASA Securities leads

Stock brokers trade over Rs 4.2 trillion in previous FY, NASA Securities leads

ADB–Nepal partnership deepens: A human-centered vision for youth, private sector, and resilience

ADB–Nepal partnership deepens: A human-centered vision for youth, private sector, and resilience

Khetan Group enters digital payments with major FonePay stake, central bank approval underway

Khetan Group enters digital payments with major FonePay stake, central bank approval underway

NIC ASIA Bank celebrates 28th anniversary with digital-first vision

NIC ASIA Bank celebrates 28th anniversary with digital-first vision

Fintech firms must allocate profit to reserves before declaring dividends: Central bank

Fintech firms must allocate profit to reserves before declaring dividends: Central bank

Pokhara and Samriddhi Finance announce equal-merger deal

Pokhara and Samriddhi Finance announce equal-merger deal

NRB revises unified directive: Share loan limit raised to Rs 250 mln, Eases credit for housebuyers

NRB revises unified directive: Share loan limit raised to Rs 250 mln, Eases credit for housebuyers

Binay Khadka appointed CEO of IME Khalti after IME Pay-Khalti merger

Binay Khadka appointed CEO of IME Khalti after IME Pay-Khalti merger

Nepal’s financial inclusion index rises to 0.47, Driven by access and digital usage expansion

Nepal’s financial inclusion index rises to 0.47, Driven by access and digital usage expansion

Financial inclusion accelerates in developing nations, says World Bank’s Findex 2025

Financial inclusion accelerates in developing nations, says World Bank’s Findex 2025

Central bank extends financial reporting deadlines for BFIs

Central bank extends financial reporting deadlines for BFIs

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