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Reimports and shares were the main focus of bank credit expansion.
Oct 18
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The Nepal Rastra Bank's flexible monetary policy has led to increased credit flow in the import and stock market for sustainable domestic economic activities.
Bank accounts can now be frozen by licensed institutions without prior approval.
Nepal Rastra Bank's "Bank Account Freezing and Unfreezing Regulations, 2081" has been amended, allowing licensed institutions to freeze and unfreeze accounts without central bank approval.
Indian Overseas Bank establishes locations in several cities to execute retail loans.
The bank with its headquarters in the city opened an ATM at the Puratchi Thalaivar Dr MGR Central Railway Station, a well-known landmark in the area.
IME Group and Global IME Bank contribute Rs. 50 million to the relief fund.
Prime Minister KP Sharma Oli received the check from Global IME Bank and IME Group chairman Chandra Prasad Dhakal.
