Banking « clickmandu

Banking

Nepal bans cash transactions above Rs 500,000 starting next year

NRB cuts key interest rates, eases lending rules to boost economy

Prabhu Bank CEO Ashok Sherchan arrested in Rs 1 billion loan misappropriation probe

Kumari Bank partners with Arogya Well Care Clinic, up to 100% off on ECG and major health tests for customers

Nepal Rastra Bank set to overhaul controversial directed lending rules

Central bank mandates up to 1% extra capital for “too big to fail” banks

Controversial medical entrepreneur Durga Prasai’s group sends extortion letters to banks and schools

Karnali Development Bank to slash paid-up capital after founders illegally used depositors’ money to buy rights shares

Nabil Bank launches new Mastercard debit card with premium benefits

Commercial banks in Nepal further reduce interest rates