BANKING

RECENT POSTS ON "BANKING" (CLICK HERE FOR ALL POSTS ON BANKING)

Bank means a corporate body incorporated to carry on financial transactions as referred to in Sub-section (1) of Section 47 of "Banks and Financial Institutions Act, 2063 (2006)"
             There are many Banks in Nepal. The best one for you is that bank which suits you the most.
> Click here for List of Bank Holidays as per Nepal Rastra Bank effective from 2014/04/14 to 2015/04/13

> Weighted Average Interbank Rate (Daily)/Repo Rate/Reverse Repo Rate as Listed By Nepal Rastra Bank (NRB) (click here for the YEAR 2014) (click here for the YEAR 2013)

Provisions relating to Incorporation of banks or financial instituition: A person who is desirous of incorporating a bank or financial institution to carry on financial transactions pursuant to this Act may do so by getting such bank or financial institution registered as a public limited company in accordance with the laws in force.  The authority empowered under the laws in force to register a company pursuant to Sub-section (1) ....Read More.... Click here for other Provisions relating to banks or financial institution:

SWIFT Codes of Banks SWIFT (Society for Worldwide Interbank Financial Telecommunication ) code is a standard format of Bank Identifier Codes (BIC) and it is unique for particular bank The registrations of SWIFT Codes are handled by Society for Worldwide Interbank Financial Telecommunication ("SWIFT") and their headquarters is located in La Hulpe, Belgium       SWIFT is the registered trademarks of S.W.I.F.T. SCRL with a ....Read More... LIST OF SWIFT CODES OF BANKS OF NEPAL

Definitions of the terms used in Banking as per "Banks and Financial Institutions Act, 2063 (2006)" "Rastra Bank" means the Nepal Rastra Bank established under the Nepal Rastra Bank Act, 2058 (2002) “bank” means a corporate body incorporated to carry on financial transactions as referred to in Sub-section (1) of Section 47 “financial institution” means a corporate body incorporated to carry on the transactions as referred to in Sub section (2), (3) or (4) of Section 47, and this term also includes a development bank, finance company or micro finance development bank  ....Read More....

Notes of Nepal (Currency of Nepal) Re. 1 , Rs.2, Rs. 5, Rs. 10, Rs. 20, Rs. 25, Rs. 50, Rs. 100, Rs. 250, Rs. 500, Rs. 1000 RECENT POSTS ON NOTES OF NEPAL (CURRENCY OF NEPAL)