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Commercial banks in Nepal record profits of Rs 67.23 bn during FY 2022-23

KATHMANDU: Nepal’s commercial banks have achieved remarkable financial success, reporting hefty profits of over Rs 67.23 billion in the first 11 months of the last fiscal year, despite the country’s economic challenges. The banking industry had expressed concerns over liquidity crises and increased bad debts, but the latest figures...

Commercial banks in Nepal record profits of Rs 67.23 bn during FY 2022-23
Private sector loan demand stagnant in Nepal’s recession-hit economy

Private sector loan demand stagnant in Nepal’s recession-hit economy

7,101 cases of banking offense registered in Kathmandu District Court

7,101 cases of banking offense registered in Kathmandu District Court

Commencement of new FY marks implementation of fresh tax measures, including income tax

Commencement of new FY marks implementation of fresh tax measures, including income tax

BFIs adjust interest rates as cartelization scheme is cancelled

BFIs adjust interest rates as cartelization scheme is cancelled

Google, Meta, and Amazon pay taxes in Nepal for the first time

Google, Meta, and Amazon pay taxes in Nepal for the first time

Deposit interest rates agreement revoked, banks to set interest rates themselves

Deposit interest rates agreement revoked, banks to set interest rates themselves

Decline in interbank rate indicates surplus liquidity in Nepal’s banking sector

Decline in interbank rate indicates surplus liquidity in Nepal’s banking sector

Nepal achieves record remittance inflow during current fiscal year

Nepal achieves record remittance inflow during current fiscal year

Hetauda-Bharatpur transmission line commence operation, boosting power supply

Hetauda-Bharatpur transmission line commence operation, boosting power supply

NRB instructs BFIs to extend Saturday services for next two weeks

NRB instructs BFIs to extend Saturday services for next two weeks

NEPSE obtains approval for internal testing of ‘NEPSE 30 Index’: Exploring the essence of the new index

NEPSE obtains approval for internal testing of ‘NEPSE 30 Index’: Exploring the essence of the new index

Nepal nears inclusion in FATF’s ‘grey list’ as money laundering case looms

Nepal nears inclusion in FATF’s ‘grey list’ as money laundering case looms

NRB pressured to address multitude of economic problems with monetary policy

NRB pressured to address multitude of economic problems with monetary policy

Shift in economic emphasis: Growing reliance on monetary policy amid budget formulation

Shift in economic emphasis: Growing reliance on monetary policy amid budget formulation

Federal Parliament nears passage of replacement bill targeting loan sharking

Federal Parliament nears passage of replacement bill targeting loan sharking

NRB adopts flexible approach to tackle rising bad debts, considers loan restructuring for business entities

NRB adopts flexible approach to tackle rising bad debts, considers loan restructuring for business entities

Bank loans witness significant decrease of more than Rs 400 bn as demand plummets

Bank loans witness significant decrease of more than Rs 400 bn as demand plummets

Depositors at risk as lack of regulation plagues Nepal’s cooperative institutions

Depositors at risk as lack of regulation plagues Nepal’s cooperative institutions

Lawmakers express concern over alarming increase in Nepal’s public borrowing

Lawmakers express concern over alarming increase in Nepal’s public borrowing

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