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
Mandatory 45 percent discount for students on public transport
Kathmandu. The government of Nepal has again given strict instructions to implement the 45 percent fare discount for students on public transport. The Department of Transport Management under the Ministry of Physical Infrastructure and Transport h...
Start of Yarsa collection on Mustang
Kathmandu. Yarsagumba collection has started at various places in Mustang. Yarsagumba collection has started in the upper lake under Kunjo, Kowang and Tukuche conservation area management committee under Thasang rural municipality.
Yar...
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 fixed exchange rate, the buying rate of one US dollar is 147 rupees 43 paisa and the selling rate is 148 rupees 3 paisa. The buying rate...
An increase of 4.59 points in NEPSE, the turnover is 4.9 billion
Kathmandu. On the fifth or last trading day of the week, NEPSE index increased by 4.59 points to 2640.54. During the day, 104 million 31 thousand 760 shares of 328 companies were bought and sold, resulting in a turnover of 4 billion 908 million sh...
Petrol and diesel prices stable
Kathmandu. Nepal Oil Corporation has decided to continue the retail sale price of petroleum products. Despite receiving the new purchase price from Indian Oil Corporation (IOC), the Board of Directors' meeting held on Monday decided not to change...
IPO allocation of Bhujung Hydropower, 83 thousand got shares
Kathmandu. Bhujung Hydropower Limited has completed its IPO allotment to the general public. Sales manager Kumari Capital Limited has allotted the IPO today at 9 am on Tuesday. The company issued a total of 830,000 IPO shares to the general public...


