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
Indian ban on tea export lifted
Biratnagar. The export of Nepali tea, which has been suspended for almost two months, has resumed from Tuesday due to the new standard 9SOP0 implemented by the Indian Tea Board in the name of testing the quality of Nepali tea.
According to A...
The price of petroleum products fell!
Kathmandu. Nepal Oil Corporation has adjusted the price of petroleum products. The corporation has reduced the price of petrol by three rupees per liter with effect from 12:00 pm. Similarly, diesel and kerosene per liter has decreased by one rupee...
Real estate transactions in Bagmati state are falling, revenue collection is down by 23.6 percent
Kathmandu. A study report has shown that revenue has been affected due to continuous decline in real estate transactions in Bagmati province. According to the economic activity study report published by Nepal Rastra Bank, it has been seen th...
Construction permission for 10 hydropower projects till mid-October
Kathmandu. The Electricity Development Department has granted construction permits to a total of 10 hydropower projects in the first quarter of the current year. The total capacity of that project is equal to 241.50 megawatts. The department has g...
Today, the price of gold increased by Rs 300 per tola
Kathmandu. Today, the price of gold in the Nepalese market has increased by Rs 300 per tola, while silver has increased by Rs 5 per tola. According to the Federation of Nepal Gold and Silver Dealers, today the price of printed gold has been fixed...
Are you exchanging foreign currency? Here are the exchange rates (with list)
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the National Bank, the value of the US dollar has decreased. For Friday, the buying rate of one American dollar has been fixed at 140 rupees...



