July 14, 2026, Tuesday
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

The price of the dollar exceeded 153 rupees, the selling rate of the Kuwaiti dinar was 500 rupees

Kathmandu. Nepal Rastra Bank has announced the official exchange rate of foreign currencies for Friday. According to the new rate set by the Central Bank, today the buying rate of one US dollar is 152 rupees 96 paise and the selling rate is 153 ru...

The price of eggs increased from today

Kathmandu. Due to decrease in egg production and increase in demand, the price has been increased. Layers Poultry Farmers Association has fixed the new price based on the farm price to be implemented from May 1. According to the new rate, the farm...

4.28 points decline in NEPSE, turnover of 4 billion 71 crores

Kathmandu. On the second trading day of the week, the NEPSE index decreased by 4.28 points to 2645.24. During the day, 18,60,828 shares of 325 companies were bought and sold, and over 4.71 billion shares were traded. T...

Money Laundering Act has been amended to prevent complaints from becoming a weapon: Finance Minister Wagle

Kathmandu. The government has amended the controversial provision made through an ordinance in the Prevention of Asset Laundering and Money Laundering Act and returned it to the old legal system. Finance Minister Dr. Swarnim Wagle has said that so...

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

Kathmandu. Nepal Rastra Bank has determined the foreign currency exchange rate for Wednesday. According to the fixed exchange rate, the buying rate of one US dollar is 150 rupees 97 paisa and the selling rate is 151 rupees 57 paisa. Similarly, the...

North City Multipurpose to Issue IPO

Kathmandu: North City Multipurpose Limited has called its first annual general meeting on Monday, Jestha 11, at 3:00 p.m. at the company’s office in Tokha-10, Kathmandu, to pass a proposal to issue an IPO. The meeting will authorize the board of d...