May 13, 2026, Wednesday
English

Increasing Nepalese access to financial services: significant improvement in the index

Main News Image

Kathmandu. There has been an encouraging improvement in access, use and quality of financial services in Nepal. According to the financial inclusion index released by Nepal Rastra Bank on Sunday, the overall index has increased from zero.47 to zero.53 in the financial year 2024-25. 

The report published by the National Bank's Financial Inclusion and Customer Protection Division has shown that this progress is possible due to the expansion of services and the increasing use of digital media. According to the bank, the expansion of access to financial services and the improvement in service quality seem to have led to steady and comprehensive progress in inclusion.

This report has been prepared based on the scale of zero to one by adopting the method of human development index. It is based on 55 different indicators under three dimensions of access, use and quality. 

According to the report, the access index has reached 0.53, which confirms the expansion of the network of financial institutions and digital service centers across the country. Similarly, due to the increased involvement of the public in services such as banking and digital payments, the usage index has reached zero.54, while the quality index has reached zero.50 due to the transparency of the service and the improvement in customer experience.

The Central Bank has mentioned that this success has been achieved due to the increase in financial literacy and the strengthening of consumer protection mechanisms. Stating that policy initiatives, digital innovation and regulatory reforms have had a positive impact, the National Bank has emphasized that the digital infrastructure should be strengthened in the future. 

The bank believes that this progress will be sustainable only if the promotion of financial literacy and consumer-centric services can be continued. This report indicates that the future of digital banking in the Nepali economy is bright.

mediabaaji add

Related News

What is the exchange rate of which foreign currency on Saturday?

Kathmandu. Nepal Rastra Bank has determined the foreign currency exchange rate for today. According to the fixed exchange rate, the buying rate of one US dollar is 148 rupees 39 paisa and the selling rate is 148 rupees 99 paisa. Similarly, the buy...

The American dollar kept a high point record today, how much is one dollar Nepalese rupee?

Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed rate, the value of the US dollar has risen and reached its highest point so far. According to the exchange rate, the buying rate of...

Due to unseasonal rains, paddy production will decrease by 3 lakh metric tons

Kathmandu. Due to the damage caused to the agricultural sector due to the rains this year, it is predicted that the production of rice will decrease by five percent. According to the analysis done by the Ministry of Agriculture and Livestock Devel...

Richet Hydro to issue IPO to public, appoint RBB Merchant Banking as sales manager

Kathmandu. Upper Richet Hydropower Pvt Ltd has prepared to issue IPO for general public. The company has appointed RBB Merchant Banking Limited as the issue and sales manager. The agreement was signed by the executive chairman of the company, Anan...

Salary to government employees in 15 days now

Kathmandu. Government employees will now get salary and allowance within 15 days. The Ministry of Finance has issued a circular to provide salaries and allowances to government employees within 15, 15 days by taking a ministerial decision. In the...

What is the exchange rate of which foreign currency on Friday?

Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the determined exchange rate, the buying rate of one US dollar is 144 rupees 28 paisa and the selling rate is 144 rupees 88 paisa. Similarly,...