July 15, 2026, Wednesday
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

Signing of two contracts worth USD 2.37 million under MCC for road maintenance

Kathmandu. MCA-Nepal has signed two important contracts worth about 2.37 million US dollars for the implementation of road maintenance work under the Millennium Challenge Corporation MCC Compact. On Monday in Kathmandu, MCA-Nepal signed an agreeme...

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

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 144 rupees 28 paisa and the selling rate is 144 rupees 88 paisa. Similarly,...

26 years after the Baglung connecting track was opened, the road was blacked out

Baglung.  After 26 years of the opening of the 'track', the locals are happy that the rural roads have been turned black. Mulpani-Titaure, Odarchaur-Dhodeni and Ganeshghumti-Nirayaghat roads connected to the district headquarters have been bl...

NEPSE decreased by 10.53 points today, turnover of 4 billion 77 crores

Kathmandu. On the second trading day of the week, the NEPSE index decreased by 10.53 points and remained at the point of 2622.88. During the day, 1337 thousand 307 shares of 337 companies were bought and sold, and 4 billion 774 million shares were...

A decline of 22.33 points in NEPSE, the turnover fell to 8 billion 99 crores

Kathmandu. On the first trading day of the week, the NEPSE index decreased by 22.33 points and remained at the point of 2791.71. During the day, 21.842 thousand 887 shares of 329 companies were bought and sold, totaling 8.999 billion 2.6 million s...

The price of petroleum products from India has increased, the price of gas and petrol has remained the same

Kathmandu. Nepal Oil Corporation has adjusted the price of petroleum products. After Indian Oil Corporation sent the new price of petroleum products, Nepal Oil Corporation has adjusted it. Accordingly, per liter petrol has increased by Rs 0.12, di...