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Nepal Rastra Bank implements new system for interbank transactions

nabil bank

Kathmandu. Nepal Rastra Bank (NRB) has introduced a new system related to inter-bank loans and my shares.

The NRB has amended its Integrated Directive, 2082 for class ‘A’, ‘B’ and ‘C’ licensed banks and financial institutions under Section 79 of the Nepal Rastra Bank Act, 2058.

The Rastra Bank has made a provision that the licensed institutions should be an institutional user in the My Lotta system for obtaining services such as land map, field book and plot register print and related revenue through online payment through this system.

Similarly, for the purpose of implementing the government’s program run with the support of international donor agencies, the loan transaction between the licensed institutions will not be counted in the interbank transaction/credit.

Similarly, the bank and financial institution regulation department and the concerned supervision department of the NRB should provide the details of the program to the bank and financial institution regulation department of the NRB.

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