Remittance
The money Nepalis send home, and the migration behind it.
The long view Nepal's remittance economy

A dispute over 25 recruiters puts Malaysia, a top job market for Nepalis, at risk
Malaysia wants hiring to run through a short list of Nepali agencies. Kathmandu has refused and stopped approving new demand letters through them, while about 400,000 Nepalis work there.

Nepal's Social Security Fund passes 3m contributors, most of them working abroad
Mandatory enrolment for migrant workers has turned a scheme built for formal employees into a Rs 116bn fund. Most payouts so far have gone on old-age claims.

Nepal cannot keep exporting its young people as its main growth strategy
Remittances now exceed the national budget. That is a measure of failure at home as much as success abroad.

Prabhu Group's Devi Prakash Bhattachan: from remittances to a bank, and a fraud case still before the court
The chairman who built a money-transfer business into a commercial bank and a life insurer faces a fraud case over unpaid remittance agents, which he denies. Nearly a year after it was filed, no verdict has been reported.

Nepal's IT exports near $1bn, but the official books record a fraction
Software firms and freelancers now earn more abroad than many of the country's goods exporters, yet most of the money arrives labelled as remittance.

Still on the grey list: what FATF scrutiny means for Nepal's banks and remitters
Assessors say Nepal's bank supervision passes muster; cooperatives, casinos, property and the failure to confiscate criminal assets do not. Here is what the grey list costs, and what would end it.

Nepal's banks have record deposits and the cheapest loans in years, but borrowers are holding back
Lending rates have roughly halved since 2023 and deposits are growing twice as fast as credit. The central bank is betting on 11% loan growth as the World Bank cuts its forecast after the Rasuwa flood.

Nepal's workers sent home more in one month than the state invested in a year
Remittances reached Rs 2.36 trillion ($16.19bn) in 2025/26, more than the national budget, while capital spending fell below half its target and private credit stayed weak.

How Chandra Dhakal built a bank on the money Nepalis send home
In 2001 most of Nepal's remittances moved through informal hundi brokers. The IME founder bet that migrant workers would trust a licensed company instead, and turned that bet into the country's largest bank.

Remittance money meets inflation as Nepal shops for Dashain
Record transfers from abroad should make this the biggest festival season yet. Prices, a closed China border and nervous shoppers are getting in the way.