Nepal Rastra Bank has issued a circular to implement the policy provisions mentioned in the quarterly monetary policy review. The provisions and effects of this circular are as follows: 1. The personal loans of debtors with income sources from the extreme and moderately affected areas can also be restructured and rescheduled. This has brought relief to the customers of personal loans and will also facilitate the banks in managing bad loans. However, banks may not want to use this provision as much as possible due to the 5% loan loss provision. 2. The total limit of non-disclosed personal OD loans (total loan amount from all institutions) is kept at Rs. 50 lakhs. As of now, debtors could ut... Read More

The NEPSE index lost 22.7 points and closed at 2,032.51 today. The index opened at 2,058.72 today and made the intraday-high at a slightly higher level of 2,059.80. The intraday-low at 2,025.19 is also only a few points lower from the day's close. 14,114,460 shares traded hands via 61,604 transactions. Trading of 195 scrips brought the total market turnover to a little over Rs. 6.76 Arba. This is higher than yesterday's turnover of Rs. 5.14 Arba. Read More