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
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...
What is the foreign currency exchange rate on Friday?
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 140 rupees 25 paisa and the selliang rate is 14...
The price of rice increased from 3 to 400 rupees in the market!
Kathmandu. Rice has become expensive in the Nepali market. From the industry to the retail market, the price of rice has increased. Businessmen have said that the price of 25 kg bags of rice has increased from Rs 3 to Rs 400 in just two months.
Livelihood raised from goat rearing
Myagdi. Kul Bahadur Pun of Mangala Rural Municipality-2 Hidi has started earning lakhs of rupees annually from the farm he started with two goats four years ago. The 50-year-old has become self-employed and self-sufficient by operating a managed g...
The government is issuing 10 billion 9-year 'Development Bond 2091'
Kathmandu. The government is going to issue development bonds worth 10 billion rupees. The Public Debt Management Office under the Ministry of Finance is going to sell 9-year bonds named 'Development Bond 2091'.
The office issued a not...
The price of gold decreased, how much per tola on Friday?
Kathmandu. Even today, the price of gold in the Nepali market is falling. Gold has decreased by Rs 900 per tola. According to the Nepal Gold and Silver Traders Federation, gold is being traded at 252,400 rupees per tola today. On the other hand, s...



