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Season of ‘big merger’ of commercial banks

Season of ‘big merger’ of commercial banks
14 January, Kathmandu: Nepal Rastra Bank (NRB) then Governor Dr Chiranjibi Nepal made a provision of the commercial banks to have paid up capital of Rs 8 billion through the monetary policy of the Fiscal Year 2072/73 BS. The timeline given for this was until the end of Asar, 2074 BS. The goal of increasing the paid up capital was... Read More

NRB suggests to reduce petroleum imports

NRB suggests to reduce petroleum imports
07 April, KATHMANDU: Nepal Rastra Bank, which is also the economic advisor to the government, has suggested to reduce the import of petroleum products by more than half. The central bank has given such suggestions while sending written suggestions to the Ministry of Finance on April 3 regarding the current state of the economy. In the 4th point of the... Read More