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
First Quarterly Review of Monetary Policy: Increase in Overdraft and Microfinance Credit Limits
Kathmandu. Nepal Rastra Bank has increased the limit of overdraft and microfinance loans to increase the flow of credit in the banking system. Releasing the first quarter review of the monetary policy of the current fi...
Let's not buy real estate because it is cheap, is it built on public land or not? let's check
Rusha Thapa_________________
Bhaktapur. There are news about real estate being sold at very cheap prices in social media, newspapers etc. Real estate traders and brokers also say that the price of real estate has decreased significantly. It...
What is the foreign currency exchange rate for Wednesday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to Rashtra Bank, the buying rate of one US dollar has been fixed at 141 rupees 56 paisa and the selling rate is 142...
The value of the US dollar increased!
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the exchange rate set for today, the value of the US dollar has increased again. According to the determined exchange rate, the buying rate o...
What is the exchange rate of which foreign currency on Sunday?
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 146 rupees 88 paisa and the selling rate is 147 rupees 48 paisa. Similarly,...
In the construction of the building, bribes and employees including the engineer in the trap of the authority
Biratnagar. The Commission for Investigation of Abuse of Authority has arrested three persons in connection with bribery related to building construction in Dhankuta and Bhojpur districts. According to the authority, engineer Suman Rai, accounting...



