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
8 billion spent on the north-south road, black paper target up to Korla
Kathmandu. As part of the north-south trade route expansion project, Rs. The project has spent 82 percent of the budget while the proposed cost estimate of the project is Rs 10.57 billion till FY 2081-82.
The price of gold increased, how much per tola on Sunday?
Kathmandu. The price of gold has increased in Nepali market today. Gold tola has gone up by 200 rupees. According to the Nepal Gold and Silver Traders Federation, gold is being traded at 297,000 rupees per tola today.
On the other hand, the...
This week, NEPSE has decreased by normal numbers, how much is the transaction on which day?
Kathmandu. This week, NEPSE index decreased by 0.56 points and reached 2714.05 points. NEPSE, which closed at 2714.61 points last week, decreased by 73.18 points to 2714.05 points this week. The market was open for five trading days this week. In...
What is the exchange rate of which foreign currency on Thursday?
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 145 rupees 22 paisa and the selling rate is 145 rupees 82 paisa. Similarly,...
The IPO of Suryakund Hydro Electric will be distributed on Tuesday
Kathmandu. The IPO issued by Suryakunda Hydro Electric Limited for Nepalis working abroad will be distributed on Tuesday. Sales Manager Kumari Capital has informed that a program for allotment of shares has been scheduled at the capital's office a...
277 customers blacklisted for not paying electricity tariff
Kathmandu. Bharatpur distribution center under Nepal Electricity Authority has blacklisted 277 customers who have not paid electricity tariff in the current financial year. According to the center, action has been initiated against customers who h...



