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
Farmers are dissatisfied with the support price of wheat, complaining that even the cost does not rise
Kathmandu. Farmers have expressed dissatisfaction with the support price of wheat set by the government. Although the government has fixed the support price of wheat at Rs 3,945 per quintal this year, the farmers complain that the price does not e...
Madhesh Pradesh CEO Club members honored by National Life
Kathmandu. National Life Insurance Company Ltd. has completed the CEO Club member honoring program at Mithila Yatri in Janakpur under the chairmanship of the company's chief executive officer. In financial year 2081-82, 77 agents who qualified fro...
New Government Still Relies on Foreign Loans Instead of Collecting Revenue
By Anusa Thapa
Bhaktapur, Nepal — The courts issue orders, but the government fails to implement them. This reality is clearly reflected in the government's inability to collect taxes and revenues despite repeated court directives.
Cou...
Import of 6.5 billion liters of fuel from the petroleum pipeline, saving three billion in transportation annually
Kathmandu. Nepal-India International Petroleum Pipeline Project has completed six years of operation. Nepal Oil Corporation's Madhes regional office Amlekhganj said that since the pipeline from Motihari in India to Aml...
New payment gateway launched by NMB Bank for Digital Nepal
Kathmandu. NMB Bank, in collaboration with Nepal Clearing House Limited, has launched a card-based online payment gateway to simplify and secure digital transactions across the country. This new service will greatly he...
Double-digit decline in the stock market, turnover also decreased
Kathmandu. There was a double-digit decline in the stock market on Thursday. On this day, the NEPSE index decreased by 19.67 points and stood at 2601.92 points. As the NEPSE index fell, the turnover also decreased compared to Wednesday. On the pre...


