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Power Supply

  • NEA: 351 MW
  • Private Sector: 165 MW
  • India: 484 MW
  • Loadshedding: 260 MW
  • Demand : 1260 MW
  • Soure : NEA

Bank

Banks still facing tight lending condition

The latest deposit mobilization and loan disbursement figures of commercial banks indicate that banks are still in tight lending condition. Commercial banks added Rs 72 million in deposits and disbursed loans worth Rs 68 billion in the review period which means banks are not yet in a comfortable lending position.…


NRB lets banks borrow from foreign financial institutions

Banks that have been facing crisis of loanable funds have something to cheer about, as Nepal Rastra Bank has allowed them to borrow funds from foreign banks and financial institutions to meet the demand of credit in the country’s economy. NRB has provided borrowing facility to commercial banks based on…


Banks told to open branch in every local body by mid-July

The Nepal Rastra Bank (NRB), the central bank, has directed commercial banks to extend their reach to every local body in the country to raise people’s access to banking services and facilitate transfer of grants to the lowest tier of government. Although the NRB has been pushing Class ‘A’ financial…


IMF warns steel, aluminum tariffs by US to hurt economies

The International Monetary Fund (IMF) said on Friday that the import restrictions announced by the US President Donald Trump would not only hurt the US, but also other economies. "The import restrictions announced by the US President are likely to cause damage not only outside the US, but also to…


18 bank officials suspended as authorities probing scam at Indian bank

Indian authorities suspended more employees and were carrying out raids as investigations into fraudulent transitions worth about 1.77 billion US dollars at a state-owned bank continued. Multinational banking and financial services company Punjab National Bank (PNB) said the bank's officials were being probed for the role in carrying out fraudulent…


SBI-UK DFID invest in India’s SunSource Energy

India’s largest public sector lender State Bank of India (SBI) has invested an undisclosed amount from its Neev Fund in Indian solar player SunSource Energy, for developing solar project assets in states with low levels of capital investment, the company said in a statement on Friday. SunSource Energy, a solar…


China fines 12 banks over bill fraud case

China's banking regulator said Saturday it had fined 12 banks a total of 295 million yuan (about 46.2 million U.S. dollars) over a bill fraud case in the northwestern province of Gansu. Investigations of a Postal Savings Bank of China (PSBC) sub-branch in the Wuwei city of Gansu in December…


IFC Create a National Strategy to Spur Financial Inclusion in Sri Lanka

IFC, a member of the World Bank Group, is partnering with the Central Bank of Sri Lanka (CBSL) to develop the country’s first National Financial Inclusion Strategy (NFIS) to promote a more effective and efficient process to improve financial inclusion across Sri Lanka. IFC, over the course of the project,…


AIIB eyes dollar bond

The Asian Infrastructure Investment Bank (AIIB) said on Saturday that it may issue its first US dollar-denominated bond as soon as the end of June this year. Soren Elbech, treasurer of the Beijing-based multilateral development bank, said in a statement that the earliest issuance window will be "toward the end…


World Bank Approves Credit to Support Livestock Development

 The World Bank has approved a credit of US$80 million for a Livestock Sector Innovation Project. The project will support the objectives of the Government of Nepal’s Agriculture Development Strategy (ADS, 2015) which underpins the role of livestock for sustained agriculture and economic growth, poverty reduction, and improving food and nutrition security.…


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