Banking

Machhapuchchhre Bank Limited and Prime Commercial Bank Limited are integrating selected branches and transferring safe deposit locker services to optimize operations and enhance service quality. This consolidation, aligned with directives from Nepal Rastra Bank, is scheduled to take effect starting July 17, 2026. Affected locker holders are urged to coordinate with their respective branches by July 17, 2026, to manage their assets during this transitional period.

Nepal Rastra Bank has published the foreign exchange rates for Monday, May 25. The central bank set the buying rate for one US dollar at 152 rupees 81 paisa and the selling rate at 153 rupees 41 paisa, with rates also provided for Euros, Pounds Sterling, and other major currencies.

Kumari Bank Limited has issued a public notice demanding that multiple borrowers repay outstanding loan liabilities within 35 days, including principal, interest, and charges, to protect depositors and asset quality. Meanwhile, Kamana Sewa Bikas Bank Limited is warning customers about a phishing scam targeting connectIPS accounts, and Himalayan Bank Limited is allowing founder shareholders to convert 10 percent of their shares into public shares, adhering to Nepal Rastra Bank regulations.

Nepal Rastra Bank has issued new directives requiring commercial and financial institutions to enhance accessibility for persons with disabilities and ensure fair compensation for overtime work. Banks must establish disability-friendly branches and ATMs, make digital platforms accessible, and provide tactile cards, while also prohibiting forced overtime and mandating proper pay for extra hours worked.

Kamana Sewa Bikas Bank Limited has initiated a public auction for various mortgaged properties across Nepal, including land and houses, due to borrowers failing to settle outstanding loan amounts. This action aligns with Nepalese banking laws for loan recovery and aims to liquidate collateral assets to recover dues. The auction presents an opportunity for individuals and firms to acquire real estate at competitive rates.