No longer needing a bank to take a loan, Rashtra Bank is implementing formal loan transactions between individuals
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
Seventeen lakh farmers will be listed
Kathmandu. The Ministry of Agriculture and Livestock Development will soon list about 1.7 lakh farmers who are yet to be listed. At the local and regional level, 1.737 thousand farmers were yet to be listed due to some technical reasons including...
Most of the commercial banks have reduced the interest rate for the month of February, how much?
Kathmandu. Commercial banks have announced the new interest rates applicable for the month of February. According to the information published by the banks, most of them have reduced the interest rates. It seems that the maximum average interest r...
Have you seen the IPO results of Salpa Bikas Bank?
Kathmandu. Salpa Development Bank Limited has distributed the IPO issued to the general public. The company had opened the IPO sale of a total of 14 lakh 39 thousand 179 shares to the general public.
The IPO was distributed through the Gola...
The World Bank will give 50 million dollars for Nepal's digital transformation
Kathmandu. The World Bank is going to give 50 million dollars for Nepal's digital transformation. Recently, the Executive Board of Directors of the World Bank, sitting in Washington, has decided to give this support to Nepal under the 'Nepal Digit...
Today, while the price of gold remained stable, silver decreased, what is the price per tola?
Kathmandu. In the Nepalese market today, the price of gold has remained stable, while the price of silver has decreased slightly. According to the Federation of Nepal Gold and Silver Dealers, today the price of printed gold per tola has been set a...
The price of eggs increased again
Chitwan. The consumption of eggs has increased as it gets colder. On top of that, after the tightening in the Indian border area, illegal eggs have been stopped. Farmers say that because of this, Nepali eggs have start...


