Top2 min readNine Citizens Bank Staff Suspended Over Rs 49.1 Million Fraud in Biratnagar BranchNine Citizens Bank Staff Suspended Over Rs 49.1 Million Fraud in Biratnagar Branch Nine employees of Citizens Bank International have been suspended following allegations of financial misconduct at its Kanchanbari branch in Biratnagar–4, Rajbanshi. The bank has initiated an internal investigation into the case, which involves the embezzlement of Rs 49.1 million belonging to depositors. Among those suspended is Rosie Kandel, the head of the branch’s operations department, who is believed to have played a key role in the incident. According to sources familiar with the investigation, the fraud was carried out by creating fictitious borrowers and disbursing loans in their names. The scheme reportedly involved internal coordination among bank staff, allowing the fraudulent loans to be processed without immediate detection. Initially, the loan installments were reportedly paid regularly, which helped the transactions appear legitimate during early stages. However, suspicion aroseDipesh Ghimire·19 Mar, 2026
Top3 min readDirected Lending Requirement Relaxed to 30 Percent: Central Bank Broadens Scope, Signals Policy ShiftDirected Lending Requirement Relaxed to 30 Percent: Central Bank Broadens Scope, Signals Policy Shift Nepal Rastra Bank has eased its directed lending policy, lowering the mandatory share of loans that banks and financial institutions must channel into priority sectors from 40 percent to 30 percent. The move, introduced through an amendment to the unified directive, reflects a shift towards a more flexible credit policy while maintaining focus on productive sectors of the economy.Dipesh Ghimire·19 Mar, 2026
Top2 min readDevelopment Banks Post Over Rs 4 Billion Profit, Performance Remains Uneven Across InstitutionsDevelopment Banks Post Over Rs 4 Billion Profit, Performance Remains Uneven Across Institutions Kathmandu — Development banks in Nepal have collectively reported a net profit exceeding Rs 4 billion in the first seven months of the current fiscal year 2082/83, reflecting a moderate recovery in the sector despite underlying structural challenges. According to Nepal Rastra Bank, these institutions earned a total net profit of approximately Rs 4.004 billion between Shrawan and Magh, with the majority of banks remaining in profit.Dipesh Ghimire·17 Mar, 2026
Top3 min readGlobal Money Week 2026 Begins, Emphasis on Early Financial Literacy and InclusionGlobal Money Week 2026 Begins, Emphasis on Early Financial Literacy and Inclusion Kathmandu — The fourteenth edition of Global Money Week has commenced in Nepal with a renewed focus on strengthening financial literacy among young people under the theme “Smart Money Talks.” The week-long campaign, observed globally every March, aims to equip students with essential knowledge on earning, saving, and managing money—skills increasingly seen as critical in today’s evolving economic environment.Dipesh Ghimire·17 Mar, 2026
Top2 min readMiddle East Conflict Hits Nepal’s Tourism, Pokhara Sees Sharp Drop in ArrivalsMiddle East Conflict Hits Nepal’s Tourism, Pokhara Sees Sharp Drop in Arrivals Kathmandu — Escalating tensions in the Middle East have begun to ripple through Nepal’s tourism industry, with Pokhara—the country’s प्रमुख tourist hub—witnessing a sharp decline in visitor arrivals during what is typically considered a peak season. The ongoing conflict involving the United States, Israel, and Iran has disrupted international air travel routes, directly affecting tourist inflow into Nepal. Tourism entrepreneurs report that nearly half of the foreign tourists who had planned to visit Pokhara have cancelled their bookings. Industry stakeholders say that a large portion of visitors from Europe and North America rely on transit routes through Middle Eastern hubs such as Qatar and the United Arab Emirates. With flight disruptions and heightened security concerns in these regions, many travelers are either postponing or cancelling their trips altogether.Dipesh Ghimire·17 Mar, 2026
Top3 min readFDI Commitments Cross Rs 40 Billion in Eight Months as Policy Reforms Boost Investor ConfidenceFDI Commitments Cross Rs 40 Billion in Eight Months as Policy Reforms Boost Investor Confidence Kathmandu — Nepal has witnessed a notable rise in foreign investment commitments in the first eight months of the current fiscal year, with total pledged Foreign Direct Investment (FDI) exceeding Rs 40.66 billion. The surge comes at a time when the government has introduced policy reforms aimed at simplifying investment procedures, including the removal of the cap under the automatic route, allowing foreign investors to bring in capital without prior approval in designated sectors.Dipesh Ghimire·17 Mar, 2026
Top3 min readReconstruction After ‘Gen-Z’ Protests to Cost Over Rs 36 Billion, Total Damages Cross Rs 84 BillionReconstruction After ‘Gen-Z’ Protests to Cost Over Rs 36 Billion, Total Damages Cross Rs 84 Billion Kathmandu — The financial implications of the ‘Gen-Z’ protests held on Bhadra 23–24 have begun to surface more clearly, with the government estimating that over Rs 36.3 billion will be required to rebuild damaged public infrastructure and restore physical assets. A detailed action plan prepared by the National Planning Commission outlines the scale of destruction and the fiscal burden the state now faces across federal, provincial, and local levels.Dipesh Ghimire·17 Mar, 2026
Top3 min readPublic Debt Surges to Rs 28.78 Trillion, Raises Sustainability Concerns Amid Currency PressurePublic Debt Surges to Rs 28.78 Trillion, Raises Sustainability Concerns Amid Currency Pressure Kathmandu — Nepal’s public debt has continued to rise significantly in the current fiscal year, reflecting mounting fiscal pressure and growing reliance on borrowing. According to the latest data up to mid-February (Falgun), total outstanding public debt has reached Rs 28.78 trillion, marking an increase of over Rs 2.04 trillion compared to the beginning of the fiscal year. This sharp rise highlights the government’s expanding financing needs amid sluggish revenue growth and elevated expenditure commitments.Dipesh Ghimire·17 Mar, 2026
Top3 min readConsumer Court Marks One Year with Limited Case Filings Despite Growing Consumer Rights FrameworkConsumer Court Marks One Year with Limited Case Filings Despite Growing Consumer Rights Framework Kathmandu — Nepal’s Consumer Court, established to safeguard consumer rights guaranteed under the Constitution, has completed its first year of operation. The court, which began functioning on Chaitra 2, 2081, was initially set up to handle consumer-related cases within the Kathmandu Valley. Its creation marked a significant institutional step toward enforcing the constitutional provision that recognizes consumer protection as a fundamental right.Dipesh Ghimire·16 Mar, 2026
NEPSE5 min readPossible Balen-Led Government Faces Economic Tests Despite Favorable IndicatorsPossible Balen-Led Government Faces Economic Tests Despite Favorable Indicators Kathmandu — Nepal may soon witness the formation of a new government under the leadership of senior Rastriya Swatantra Party (RSP) figure Balen Shah, possibly by the end of next week if political negotiations proceed as expected. Unlike traditional parties where internal power struggles often delay government formation, observers say the relatively cohesive structure within the RSP could allow the new administration to function more stably. If political unity holds and no unforeseen disruptions emerge, analysts believe such a government could potentially remain in office for the full five-year term.Dipesh Ghimire·16 Mar, 2026