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.
Related News
Strictness in real estate transactions, transactions above 3 crores are now only through agencies
Kathmandu. The Land Reforms and Real Estate Office, Dillibazar, has announced new rules for real estate transactions worth more than three million rupees within the metropolitan and sub-metropolitan areas.
According to the instructions...
The prices of the US dollar and the euro have increased; what about the others?
Kathmandu. Today, the prices of the US dollar and the euro have increased. According to the Nepal Rastra Bank, the buying rate of one US dollar today is 151.85 and the selling rate is 152.45. On Monday, the buying rate was 151 rupees 56 paisa and...
MDRT honor and training program of National Life completed
Kathmandu. National Life Insurance Company Ltd. has completed the MDRT honor and training program under the chairmanship of Chief Hospitality and Chief Executive Officer Mrs. Prema Rajya Lakshmi Singh, President of the company at Dushit Thani Hima...
'Middleman's game' in banana prices, farmers' demand to fix minimum support price
Kathmandu. The Federation of Nepal Banana Producers has demanded the government to set the minimum support price for bananas. Through a press conference held on Tuesday, the federation said that such an arrangement is necessary to ensure fair pric...
Fluctuations in the exchange rate of the dollar and the euro, the value of the currencies of the Gulf countries
Kathmandu. Nepal Rastra Bank has determined the official exchange rate of foreign currencies for Wednesday. According to the new exchange rate announced by the Central Bank, today the buying rate of one US dollar is 152 rupees 27 paisa and the sel...
The US dollar rose as the Australian dollar, euro and pound continued to fall in value
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currencies for today. Foreign currencies including the US dollar, Kuwaiti and Bahraini dinars rose today. However, the exchange rate of some foreign currencies, including the...