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Nepal Rastra Bank (NRB) has launched Nepal Financial Inclusion Portal. The portal provides real-time information and data to figure out a realistic picture of the financial access and its usage in Nepal. The portal (emap.nrb.org.np) was launched by NRB with
The concept of banking in Nepal dates back to the first half of 20th century. The first bank that was established in the country was Nepal Bank Limited (NBL). It was founded in 1937 AD. Establishment of NBL marked the
Financial inclusion plays an important role in determining the socio-political and economic fabric of a country. In Nepal, access to finance is a need of every household and businesses. A government aiming for a balanced development of multi-sector should consider
Nepal Investment Bank Limited (NIBL) has won Nepal’s Best Bank award from Euromoney magazine’s Awards for Excellence 2018, one of the most significant awards in financial services. Euromoney awards evaluate levels of service, financial performance and other achievements across the
Banks and financial institutions should play a pivotal role to make the economy of Nepal formal, promote financial inclusion, and propel economic growth in the country, The Himalayan Times reports Finance Minister Yubaraj Khatiwada as saying. Addressing the inauguration ceremony
The economy of Nepal is consumption oriented. Nepal Rastra Bank’s Fifth Household Budget Survey 2014-15 shows that Nepalis spend over 85% of income on consumption. Meanwhile, the World Bank’s Global Findex database 2017 shows that only 46% of the adult
The Financial Institutions in Nepal mainly comprises of the Central Bank which is better known as the Nepal Rastra Bank, the commercial banks, development banks, finance companies, and micro-credit development banks. The Nepalese financial system development has a very recent history, starting
Sakchyam Access to Finance, a project run by Department for International Development has supported 14 Commercial Banks to establish 57 new branches in rural municipalities of Karnali Province and Province No. 5 & 7. These newly signed partnerships embody UKaid
Nepal Rastra Bank, the central bank of Nepal has informed that commercial banks have reached to 666 local levels, increasing the access to banking in Nepal. There are a total of 753 local levels (municipalities and rural municipalities) in Nepal. It means,