No longer needing a bank to take a loan, Rashtra Bank is implementing formal loan transactions between individuals
-
Media Baaji
- Tue, 14 July 2026
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
Three billion worth of electric vehicles entered in 9 months through the Birganj border crossing
Parsa. In the nine months of the current financial year, electric vehicles worth 2.98 billion rupees have been imported through the Birganj route. Compared to the same period of the last financial year, electric vehicles have been imported by 102...
What is the exchange rate of which foreign currency for Tuesday?
Kathmandu. Nepal Rastra Bank has announced the foreign currency exchange rate for Tuesday, June 16. According to the exchange rate published by the National Bank, the buying rate of one US dollar has remained at 150 rupees 97 paisa and the selling...
Government's priority in building high capacity transmission lines
Kathmandu. The government has announced a deadline for constructing high-capacity transmission lines to deliver the produced electricity to the major load centers, sell and distribute excess electricity at the regional and sub-regional levels.
...
Most of the commercial banks have reduced the interest rate for the month of February, how much?
Kathmandu. Commercial banks have announced the new interest rates applicable for the month of February. According to the information published by the banks, most of them have reduced the interest rates. It seems that the maximum average interest r...
Federation's objection to industrialists' strike and preparation for power cut
Kathmandu. Federation of Nepal Chamber of Commerce and Industry (FNCCI) has expressed serious concern about the preparations to cut the power lines of the industries within the industrial area run by the Industrial Zone Management Limited and crea...
Due to lack of cooking gas in the market, the corporation started sales and distribution from the central office
Kathmandu. After increasing complaints about lack of cooking gas LPG in the market, Nepal Oil Corporation has started sales and distribution of gas for general public from its central office in Teku. After receiving continuous complaints from the...