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
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...
The price of the US dollar exceeded 152 rupees, how many other currencies?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate, the buying rate of one US dollar is 151 rupees 56 paisa and the selling rate is 152 rupees 16 paisa. Similarly, the...
'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...
Rastra Bank is issuing 20 billion rupees bonds today
Kathmandu. Nepal Rastra Bank is going to issue bonds worth 20 billion rupees again today on January 23rd. The Central Bank is going to issue 'Nepal Rastra Bank Bond 2083 E' today. This bond will be discussed online till 2 pm today. The interest ra...
A huge increase in the price of gold, how much is the transaction?
Kathmandu. On the first trading day of the week, the price of gold rose in the Nepali market on Sunday. Today, gold has increased by 9 thousand 500 rupees. Gold which was traded at 2 lakh 91 thousand rupees on Friday is being traded at 3 lakh 500...
Why did those who protested yesterday take a loan today?
Kathmandu. CPN-UML General Secretary Shankar Pokharel has raised questions regarding the current government's duplicitous nature regarding foreign loans. He says that those who criticized foreign loans in the past are now taking large amounts of l...