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

'Upper Myagdi' Hydropower Project: 50% physical progress in 13 months

Myagdi. In the 13 months since the construction of the under construction 'Upper Myagdi' hydropower project in Dhawalagiri Rural Municipality of Myagdi, 50% physical progress has been achieved. The 46.25 MW capacity project promoted by Hydro Empir...

All preparations for financial calculations are complete

Kathmandu. The preparations for the second economic calculation have reached the final stage. The National Statistics Office said that enumerators and necessary inspectors have been circulated throughout the country and have reached the relevant a...

National Life Insurance's three-day 'Employee Skill Enhancement Program' completed in Pokhara

Pokhara. National Life Insurance Company Limited has completed a three-day Employee Skill Enhancement Program in Pokhara with the objective of enhancing the skills, efficiency and technical capabilities of its employees. About 280 employees from b...

NEPSE decreased by 10 points, turnover exceeded 5 billion!

Kathmandu. On Sunday, the first day of the week, the NEPSE index fell by 10.29 points to 2,610.63. About 1.3 million shares of 323 companies were traded, with a total turnover of 5.01 billion rupees. Out of the 13 sub-groups, hotels, manufacturing...

First Quarterly Review of Monetary Policy: Increase in Overdraft and Microfinance Credit Limits

Kathmandu. Nepal Rastra Bank has increased the limit of overdraft and microfinance loans to increase the flow of credit in the banking system. Releasing the first quarter review of the monetary policy of the current fi...

Share price increase of five companies, how much has increased?

Kathmandu. On the first day of the week, i.e. Sunday, the stock market fell by double digits. Today, the NEPSE index decreased by 26.51 points to 2649.52 points. Share prices of 45 companies from different sectors have...