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Guide to OZ Jobs/Rooms listingsNews tagged 'Nepal Rastra Bank'
Average annual inflation quickens to 6.14pc
Aug 25, 2020
KATHMANDU: The average annual inflation in the fiscal 2019-20 quickened to 6.14 per cent from 4.64 per cent in fiscal 2018-19, according to the annual macroeconomic update unveiled by Nepal Rastra Bank on Monday. The government had set the target of taming the inflation rate in the last fiscal to six per cent. The year-on-year consumer price infla...
COVID disruptions a boon for Balance of Payments
Aug 25, 2020
KATHMANDU, AUGUST 24 The months-long lockdown that began in the third quarter of the last fiscal to curb the spread of coronavirus disrupted trade and life in general. This, in turn, resulted in the country’s balance of payments in the fiscal year 2019-20 to record a surplus of Rs 282.41 billion, reveals the annual macroeconomic update of fi...
Central bank directs BFIs to operate with limited employees
Aug 10, 2020
KATHMANDU, AUGUST 9 Nepal Rastra Bank today directed banks and financial institutions to deploy staff at its branches on a turn-wise basis, keeping in view the rising number of coronavirus cases in Kathmandu valley. Issuing a notice today, the central bank asked BFIs to divide their staff into groups as per their necessity and make them attend offi...
61 per cent of industries totally shut during the lockdown
Aug 6, 2020
KATHMANDU, AUGUST 5 Sixty-one per cent of industries across the country remained completely shut during almost four-month-long lockdown imposed by the government from March 24 to contain the spread of the coronavirus, as per a study report on impact of COVID-19 released by the Nepal Rastra Bank (NRB) today. The report, which is based on a survey ca...
NRB indirectly pressuring BFIs for merger
Aug 3, 2020
KATHMANDU, AUGUST 2 Though the government and Nepal Rastra Bank (NRB) have been saying that banks and financial institutions (BFIs) will not be compelled for merger and acquisition, the central bank is seen indirectly pressuring banks to go for merger. As per sources, NRB is preparing to seek progress report on merger and acquisition from banks tha...
Share market investors wait for Monetary Policy implementation
Aug 2, 2020
KATHMANDU, AUGUST 1 Initially, when Nepal Rastra Bank (NRB) launched the Monetary Policy for fiscal 2020-21 the country’s sole secondary market went on a bull run as the policy announced various packages to revive the economy which has been hit by the COVID-19 pandemic. However, in recent days the vibrancy seen earlier in the stock market ha...
Nepal Rastra Bank pins relief to COVID impact
Jul 28, 2020
KATHMANDU, JULY 27 Nepal Rastra Bank has put various sectors into three categories on the basis of the level of impact caused by the COVID-19 — highly-affected, semi-affected and least-affected. Issuing a circular today, the central bank classified crisis-hit sectors into these segments and said that different relief provisions announced thr...
Benchmark index crosses 1,400-point threshold
Jul 26, 2020
KATHMANDU, JULY 25 On the back of Nepal Rastra Bank introducing investment-friendly policies for the secondary market, the Nepal Stock Exchange (Nepse) index has witnessed a positive trend in the last couple of weeks. And keeping with this trend, the benchmark index increased by 3.44 per cent or 47.94 points to 1,442.71 points in the trading week b...
‘Monetary Policy should prove lifeline to economic and business growth’
Jul 3, 2020
KATHMANDU, JULY 2 Amid Nepal Rastra Bank (NRB) preparing the Monetary Policy for fiscal year 2020-21, stakeholders have said that the policy for the upcoming fiscal year should prove to be a lifeline to revive the country’s economy and businesses that have been severely hit by the COVID-19 pandemic. As the major challenges facing businesses/...
Central bank mulls bringing down loan interest to single digit
Jul 2, 2020
KATHMANDU, JULY 1 The Nepal Rastra Bank (NRB) is formulating the Monetary Policy for 2020-21 with due focus on bringing down the interest rate and restructuring loans. As per NRB sources, different measures are being introduced through the Monetary Policy to bring interest rate on loan to single digit, that is, around nine per cent. Similarly, the ...
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