Nepal
Nepalese governor found guilty of corruption
Bijaya Nath Bhattarai, the governor of the Nepal Rastra Bank, has been found guilty of corruption and sacked, media reports said on Wednesday 19 March.
Nepal Rastra Bank - Annual Report 2005-2006
Nepal's real GDP grew by 2.3 % in the 2005 to 2006 period.
Nepal's cb outlines policy strategy
The Nepal Rastra Bank, the country's central bank, has published details of its policy strategy for the current fiscal year. The central bank says policy will aim to keep inflation under 5% without any change in the compulsory cash ration or the bank…
New acting governor for Nepalese central bank
The government of Nepal has appointed Krishna Bahadur Manandar as the acting governor of Nepal Rastra Bank, the country's central bank. The temporary appointment comes after the suspension of governor Bijayanath Bhattarai.
Nepal's central bank governor "suspended"
Bijay Nath Bhattarai, the governor and chairman of Nepal Rastra Bank, the central bank of Nepal, is reported to have been suspended from these positions.
NRB chief stopped from boarding plane
Nepal Rastra Bank (NRB) governor Bijaya Nath Bhattarai, who is accused of misusing funds to suppress the pro-democracy movement last year, was barred from boarding a flight to Bangladesh on Monday 14 May, DailyIndia reported.
Nepal plans new banking law
Nepal Rastra Bank (NRB) is set to introduce the Bank and Financial Institution Act to allow mergers and acquisitions amongst financial institutions, an NRB official told reporters Friday 27 April.
Nepal Rastra Bank - Annual Report 2003-04
According to the Nepal Rastra Bank's Annual Report 2003-04, gross domestic product (GDP) at producers' price and factor cost witnessed growth of 3.7 percent and 3.6 percent respectively in 2003/04.
ACU calls for new members
The Asian Clearing Union (ACU) concluded its two-day technical committee meeting Wednesday 19 July calling for the admission of countries beyond the ESCAP Asia/Pacific region.
ACU to discuss payment systems efficiency
Members of the Asian Clearing Union (ACU) will meet in Dhaka this week to discuss ways to make their payment systems easier to use to boost trade, a Bangladesh central bank official told Reuters.
Book on Economic Integration in South East Asia
The research department of the Nepal Nastra Bank's international financial division recently published a book on economic integration in South East Asia.
NRB governor elected to ACU president
The governor of the Nepal Rastra Bank (NRB), Bijaya Nath Bhattarai was elected president of the Asian Clearing Union (ACU) at its 34th annual meeting in Lahore this week.
Nepal Rastra Bank appoints new governor
After a protracted dispute among the ruling parties, a cabinet meeting on Monday 31 January finally decided to appoint deputy governor Bijaya Nath Bhattarai as the new governor of the Nepal Rastra Bank.
Nepal urged to speed up central bank appointment
A committee of three economists set up to suggest suitable candidates as the new governor of the Nepal Rastra Bank, the central bank, has urged the government to act on its recommendations. Disagreement within the government has meant no decision has yet…
Nepal Rastra Bank chief has land seized
The Rebel Communist Party of Nepal has escalated the capture of land belonging to local landlords, including land owned by the central bank chief. The party has captured 300 hectares of land and made it public.
Chinese currency now convertible in Nepal
NEPAL - Nepal Rastra Bank for the first time today fixed its exchange rate at nine rupees to one Chinese yuan. Governor Dr Tilak Rawal and Chinese Ambassador Wu Congyong signed the free convertibility accord on Monday.
Nepal to let foreigners have majority bank stakes
NEPAL - Nepal announced on 10 July it would let foreign players hold majority stakes in joint venture banks as part of a drive to open up its banking sector to outsiders.
Nepal defence minister quits over cbank chief
NEPAL - Nepali Defence Minister Mahesh Acharya quit the government late on Mar 29, 2001 after the Himalayan kingdom's highest court reversed an earlier decision of his to dismiss the central bank governor.
Nepal's central bank moves to reform ailing banks
Nepal's central bank said on Monday it had asked the Himalayan kingdom's two state-owned banks to be cautious in granting new loans, a move aimed at protecting the ailing institutions.
Nepal's central bank reforms financial institution
Nepal's central bank has worked out a reform program to speed up the reformation of the 121 financial institutions in Nepal that are mired in managerial problems, according to the bank's statement issued on Friday.