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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
Prakash Koirala, Managing Director of FINLIT Nepal Pvt. Ltd. has been honored with Economic Citizenship Award 2018. The award recognizes institutions who have a direct and immediate effect of financial education and entrepreneurship education on improving the people’s economic and financial
Nepal Rastra Bank, the Central Bank of Nepal hosted 36th SAARCFINANCE Group Meeting and 14th SAARCFINANCE Governors’ Symposium on 27 June 2018 in Kathmandu. The programs were focused on developing a common platform for strengthening Digital Payment System in the
93% of the school fees were paid on cash in the past year 87% of the utility bills were paid on cash in the past year Only 4% of the adult population received their wages into a financial institution account
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
Monetary Policy of Nepal for the new fiscal year will focus on Mobile Banking, Nepal Rastra Bank Governor Chiranjibi Nepal has said. Addressing a discussion program organized by Management Association of Nepal (MAN), he also mentioned that the monetary policy
Financial Inclusion refers to people, regardless of their social or economic background, having access to a wide range of financial services through formal financial institutions. These services, at the very basic level, start with opening a deposit account or a
Have you ever wondered what it would be like if you didn’t have a bank account? How would you transfer money? What about loans and credit? Would you carry Lakhs and Crores of Rupees with you in case you had
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,