August 30, 2026, Sunday
English

No longer needing a bank to take a loan, Rashtra Bank is implementing formal loan transactions between individuals

Main News Image

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.

mediabaaji add

Related News

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

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 147 rupees 58 paisa and the selling rate is 148 rupees 18 paisa. Similarly,...

The then managing director of Nepal Telecom, Poudel, was imprisoned for 8 years and 6 months

Kathmandu. The then Managing Director of Nepal Telecom, Sunil Paudel, has been sentenced to 8 years and 6 months imprisonment and a fine of Rs 1 crore 54 lakh 25 thousand 200 by the special court in the corruption case.

The bench of special...

Rastra Bank will collect 1 trillion 25 billion deposits today, more liquidity in the market

Kathmandu. Nepal Rastra Bank is going to collect deposits worth one trillion 25 billion rupees again this Friday to manage excess liquidity in the financial system. Even after two weeks of formation of the new government, since the liquidity press...

Double-digit growth in NEPSE, turnover limited to 3 billion 29 million

Kathmandu. On the second trading day of the week, the NEPSE index increased by 16.37 points to 2619.99. During the day, 78 lakh 4 thousand 45 shares of 325 companies were bought and sold, and 3 billion 294 million shar...

Shangrila Development Bank declares 10 percent dividend

Kathmandu. The meeting of the board of directors of Sangrila Development Bank Limited held on the afternoon of 28th October has announced the dividend to the shareholders.
The meeting has announced that 5% bonus s...

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...