Kathmandu: Nepal Rastra Bank has unveiled its monetary policy for the fiscal year 2082/83 (2025/26), introducing a major reform to integrate the national identity card system with the country’s banking sector.
According to the new policy, banks and financial institutions will be able to obtain Know Your Customer (KYC) information directly through the national ID system. Once a customer updates their details at one bank, other banks and related institutions will be able to access that data electronically through a centralized system.
The central bank aims to usher Nepal’s financial system into a new phase using modern technology, focusing on digital infrastructure, a robust payment system, and innovation.