No longer needing a bank to take a loan, Rashtra Bank is implementing formal loan transactions between individuals
-
Media Baaji
- Tue, 14 July 2026
Kathmandu. The Governor of Nepal Rastra Bank, Dr. Vishwanath Poudel, today announced the 25th monetary policy for the fiscal year 2083 and 84. This year's monetary policy has placed special emphasis on digital financial instruments and regulatory simplification to support the high economic growth target of 7 percent.
The most important and innovative aspect of the monetary policy this time is the announcement to start the study of personal credit scoring 'peer to peer' transaction system. The National Bank is now going to carry out a detailed study for the development of a platform where loans can be transacted directly between individuals. In other words, after the PTP platform is established, a bank is not necessarily required to take a loan.
Express
Related News
Applications for the post of Chairman of the Securities Board are open
Kathmandu. Applications have been opened for filling the post of Chairman of Nepal Securities Board Sebon. The Ministry of Finance has issued a notification calling upon eligible Nepali citizens to submit personal details and biodata within seven...
430 million new notes of 1000 will be printed in China
Kathmandu. The central bank has also awarded a contract to a Chinese company to print new 1,000-rate notes. According to Rashtra Bank, China Bank Note Printing and Minting Corporation has been awarded the contract to p...
5 Construction companies and suppliers blacklisted, barred from participating in public procurement for 3 years
Kathmandu. The government has blacklisted five builders and suppliers who are slow and negligent in their work. The Public Procurement Monitoring Office under the Office of the Prime Minister and the Council of Ministers issued a notice on Tuesday...
The process of breaking the sick contracts of roads and bridges has started, 17 contracts are being broken
Kathmandu. The process of canceling the contracts for the construction of roads and bridges, which have been stalled for years due to lack of work, has started.
Under the Road Department, Postal Road Directorate, Federal Road Supervision and...
60.1 million collected in reconstruction fund
Kathmandu. So far, 60 million rupees have been collected in the physical infrastructure reconstruction fund established by the government for the reconstruction of physical structures damaged by arson and vandalism dur...
Today's trading closed with a six percent rise in the NEPSE index
Kathmandu. Today's trading has been closed with the third consecutive positive circuit in the Nepal Stock Exchange NEPSE index. Today, the NEPSE index increased by 162.93 points to 2,875.43 points. This is an increase of six percent. On the first...