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Sources to be disclosed when depositing more than 1 lakh in microfinance

KATHMANDU: A microfinance financial institution now requires the source to be disclosed when collecting a deposit of one lakh or more. Through the integrated instructions released for Microfinance Financial Institutions, this arrangement has been made by the Nepal Rastra Bank. When depositing cash amounts of at least Rs 10...

Sources to be disclosed when depositing more than 1 lakh in microfinance
SEBON asked for applications to open new stock and commodity exchanges

SEBON asked for applications to open new stock and commodity exchanges

NBA decided to reduce deposit interest rate to single digit

NBA decided to reduce deposit interest rate to single digit

Nepal’s foreign exchange holdings increases

Nepal’s foreign exchange holdings increases

NRB does not intervene to fix interest rates of banks: NRB Governor

NRB does not intervene to fix interest rates of banks: NRB Governor

Finance ministry requests suggestions from other ministries for upcoming budget

Finance ministry requests suggestions from other ministries for upcoming budget

Finance Minister Dr Mahat forms a budget drafting committee

Finance Minister Dr Mahat forms a budget drafting committee

BFIs break record with over Rs 5.4 trillion in deposits

BFIs break record with over Rs 5.4 trillion in deposits

NRB instructs BFIs and payment service providers to run helpdesk even during night time

NRB instructs BFIs and payment service providers to run helpdesk even during night time

ADB estimates Nepal’s economy to moderate in fiscal year 2023

ADB estimates Nepal’s economy to moderate in fiscal year 2023

NRB cautions against using cryptocurrency for illicit transactions

NRB cautions against using cryptocurrency for illicit transactions

Conditional grants given to local governments are reduced by finance ministry

Conditional grants given to local governments are reduced by finance ministry

Financial literacy guidance released

Financial literacy guidance released

Finance Ministry prepares budget calendar

Finance Ministry prepares budget calendar

Despite a noticeable increase in bad debts, banks won’t experience a severe crisis any time soon: NBA

Despite a noticeable increase in bad debts, banks won’t experience a severe crisis any time soon: NBA

Nepal, World Bank discuss strengthening management of fiscal risks in PPPs for infrastructure projects

Nepal, World Bank discuss strengthening management of fiscal risks in PPPs for infrastructure projects

Extortion of money through loan sharking is a crime: Govt

Extortion of money through loan sharking is a crime: Govt

Global money week observed

Global money week observed

Simplified KYC for transactions up to Rs 100,000

Simplified KYC for transactions up to Rs 100,000

Loan sharking victims back in Kathmandu for justice

Loan sharking victims back in Kathmandu for justice

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