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Co-ops hit by the country’s worsening economic conditions, increasing number facing financial problems

KATHMANDU: A growing number of cooperatives have started landing in financial crisis in recent days due to slump in the realty business, rising inflation and liquidity crisis in the banking system. In a number of cases, directors of savings and credit cooperatives in particular, have gone out of contact...

Co-ops hit by the country’s worsening economic conditions, increasing number facing financial problems
Investment is not a problem if there is a commercial idea: Senior VP Dhakal

Investment is not a problem if there is a commercial idea: Senior VP Dhakal

Nepal will be blacklisted if financial crime control law is not enacted

Nepal will be blacklisted if financial crime control law is not enacted

Inflation keeps its high at 8.08 pc, BoP remained at surplus of Rs 20.03 bn

Inflation keeps its high at 8.08 pc, BoP remained at surplus of Rs 20.03 bn

Global IME Bank and BoK seek NRB’s approval to conclude merger

Global IME Bank and BoK seek NRB’s approval to conclude merger

NRB to freez bank accounts and electronic payments of bookies

NRB to freez bank accounts and electronic payments of bookies

BFIs will not increase interest on deposits even in January

BFIs will not increase interest on deposits even in January

NRB receives increasing reports against suspicious transactions in BFIs

NRB receives increasing reports against suspicious transactions in BFIs

Expansion of financial access a must for economic development in Province-1: NRB study

Expansion of financial access a must for economic development in Province-1: NRB study

Government removes prohibition on luxury goods imports

Government removes prohibition on luxury goods imports

NRB removes cash margin provision on imports of construction materials

NRB removes cash margin provision on imports of construction materials

Economy is on the mend: NRB

Economy is on the mend: NRB

Insurance companies start distributing Covid-19 insurance to insurance claimants

Insurance companies start distributing Covid-19 insurance to insurance claimants

NRB slaps cash fine on banks breaching guidelines

NRB slaps cash fine on banks breaching guidelines

Rs 37 billion pledged under foreign loans to Nepal, grants not received

Rs 37 billion pledged under foreign loans to Nepal, grants not received

NRB revoked license of 179 financial institutions

NRB revoked license of 179 financial institutions

Election countdown: the government set to hand over 8.5 pc inflation to the next govt

Election countdown: the government set to hand over 8.5 pc inflation to the next govt

WB, RRN sign $4.5 mln grant to strengthen role of forest-dependent indigenous peoples

WB, RRN sign $4.5 mln grant to strengthen role of forest-dependent indigenous peoples

Banks will not increase interest on deposits in November

Banks will not increase interest on deposits in November

Global IME, BOK signs final merger agreement, becomes Nepal’s largest bank with Rs 57 bn capital

Global IME, BOK signs final merger agreement, becomes Nepal’s largest bank with Rs 57 bn capital

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