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
The price of petrol and diesel increased!
Kathmandu. Nepal Oil Corporation has increased the price of petroleum products. The corporation has increased the price of petroleum products. According to the corporation, the prices of petrol, diesel, kerosene and jet fuel have been increased wi...
Electricity generation started from Setikhola project
Kaski. Setikhola hydropower project of 22 megawatt capacity, completed in Pokhara Metropolitan City-33 of Kaski, has started generating electricity. The project promoted by Seti Khola Hydropower Limited started in December 2078.
After the in...
Yoyo Plywood Industry of Kohalpur closed, more than 600 workers unemployed
left Yoyo Plywood Industries Pvt Ltd located in Kohalpur Municipality-14 of Banke has been closed for the last three months and more than 600 workers working there have become jobless. The workers' jobs were taken away...
What is the exchange rate of which foreign currency on Monday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate, the buying rate of one US dollar is 150 rupees 50 paisa and the selling rate is 151 rupees 10 paisa. Similarly, the...
Moving towards the construction of 1200 MW Budhigandaki hydropower project
Kathmandu. The Budhigandaki hydropower project with a capacity of 1200 MW has progressed towards the construction stage. With the agreement between the Ministry of Finance and the National Planning Commission on the investment framework of this pr...
Export of 1015 MW electricity to India to meet domestic demand on Lakshmi Puja
Kathmandu. Tihar is considered as a festival of lights, light and flowers. The speciality and originality of this festival is celebrating Diwali at home and lighting lamps, lighting the house and decorating it with flowers. Diwali and lights are c...