KATHMANDU : Nepal Rastra Bank (NRB) has introduced new rules aimed at making vehicle financing more transparent and customer-friendly. The central bank issued the “Policy and Procedural Provisions for Granting Approval to Hire Purchase Companies, 2070 (Sixth Amendment 2083)” on…

KATHMANDU: The Financial Intelligence Unit (FIU Nepal) under Nepal Rastra Bank has placed hire purchase companies and vehicle dealers in the red flags of suspicious transactions and activities. FIU Nepal has updated the guidelines issued for Suspicious Transactions and Activities…

KATHMANDU: Bank and financial institutions disbursed Rs 6.84 billion in hire purchase loans to finance motor vehicle purchases in the first 11 months of the current fiscal year 2024/25, a 5.51% growth compared to the same period of the previous…