KATHMANDU: Buying a car through bank financing has become significantly cheaper as Nepal’s banking system records its lowest loan interest rates on record. According to data tracked since mid-February 2012, when Nepal Rastra Bank began publishing monthly average lending rates,…

KATHMANDU: Nepal Rastra Bank (NRB) has directed banks and financial institutions to restrict cash transactions above Rs 500,000, effective January 15. The central bank said the limit will be enforced from January 15 for all goods and services. Under the…

KATHMANDU: The US dollar has reached a new high against the Nepali rupee. Nepal Rastra Bank set the dollar’s buying rate at Rs 145.35 and the selling rate at Rs 145.95 on Wednesday. This is the highest level recorded so…

KATHMANDU: Vehicle purchases through bank and financial institution loans have increased in the first four months of the current fiscal year 2025/26 (mid-July to mid-November), according to Nepal Rastra Bank (NRB). NRB data released on Monday shows that hire-purchase lending…

KATHMANDU: Nepal Rastra Bank (NRB) has tightened rules on vehicle and other retail loans, requiring banks and financial institutions to continuously monitor borrowers’ debt-to-income (DTI) ratios throughout the loan period. In a circular issued on Monday, the central bank directed…