Kathmandu, July 17 — In a recent move aimed at easing regulatory compliance and enhancing reporting accuracy, Nepal Rastra Bank (NRB) has officially extended the deadline for banks and financial institutions to publish their financial statements.
According to a circular issued on Wednesday, Nepal Rastra Bank (NRB) has revised the time frame for the publication of quarterly and annual (fourth-quarter) financial statements. Under the new provision, banks and financial institutions now have up to 15 days to release their quarterly financial reports, a significant extension from the earlier deadline of 7 days following the end of each quarter.
Similarly, the central bank has also relaxed the deadline for publishing the annual financial statements. Previously, institutions were required to disclose their fourth-quarter financial results within 21 days of the fiscal year-end. This deadline has now been extended to 30 days, allowing more flexibility during the critical year-end reporting period.
This decision by NRB is expected to provide financial institutions with adequate time to ensure accuracy, completeness, and transparency in their financial disclosures. The extension is seen as a positive step toward reducing compliance pressure while maintaining regulatory integrity and stakeholder confidence.
The revised deadlines come as part of NRB’s broader strategy to support the financial sector with realistic timelines and promote better governance practices across the industry.