The NEPSE Journal
Market commentary, data deep-dives, and trading notes from the NEPSE Trading desk.
NRB has introduced a special loan facility for industries hit by the Rasuwa and Tatopani customs blockade. Loans can be restructured by Poush 2082, with relaxed interest rates, debt-equity rules, and classification provisions to support recovery and safeguard trade.
NRB has eased rules for crisis-hit borrowers by allowing restructured loans to retain their existing classification as of Asar 2082. This prevents forced downgrades and reduces provisioning pressure on banks, giving businesses time to recover.
Banks are allowed to restructure loans until Poush 2082 for borrowers affected by the Gen Z Movement. The policy ensures affordable financing, relaxed ratios, and salary support loans to help businesses recover while protecting employment.
The NRB has announced targeted loan restructuring and rescheduling measures for businesses and borrowers directly impacted by the Gen Z Movement and trade disruptions. Relief measures include restructuring by Poush 2082, concessional interest rates (base +0.5%), higher LTV for vehicles, subsidized salary loans, and export-linked incentives. These initiatives aim to revive businesses, protect jobs, and stabilize Nepal’s economy.
Nepal’s cardamom exports surged +99.5% in FY 2025/26, with shipments to India doubling to Rs. 321.8 million in one month. Strong demand from India fueled growth, but overreliance on a single market remains a risk.
Soybean oil led Nepal’s exports to India in FY 2025/26, contributing Rs. 10.7 billion in one month, over half of total shipments. While this boosts foreign earnings, reliance on a single commodity exposes Nepal to policy and market risks.
Nepal’s exports to India grew 156.7% in 2025/26, driven by soybean oil, cardamom, noodles, and jute goods. However, traditional exports like tea, particle boards, and zinc sheets declined sharply. The surge shows India’s dominance in Nepal’s trade but also the need for diversification.
In FY 2025/26, Nepal’s exports grew 95.7%, with the top 20 commodities making up 75% of total exports. Growth was led by soybean oil, palm oil, and cardamom, while traditional items like carpets and tea declined. Export concentration remains a key risk.
In FY 2025/26, Nepal’s textile exports grew 6% to Rs. 203.4 million, while readymade garments fell 1.1% to Rs. 519.3 million. The textile base is expanding, but garment exports remain under pressure from global competition.
Zinc sheet exports plunged 69.4% in FY 2025/26, falling to Rs. 226.3 million in one month. Rising costs and global competition hurt the sector, reducing its share to under 1% of Nepal’s exports.