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Mar 6,2015
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Nepal Rastra Bank (NRB) is all set to inquire foreign exchange accounts of individuals/institutions to ascertain whether there has been smooth flow of foreign exchange in the acc...  [more...]
Nepal Rastra Bank (NRB) has formally begun a process to investigate Nepali account holders in Swiss banks. According to a senior official at the Foreign Exchange Department of...  [more...]
Janautthan Samudayic lagubitta Bikas Bank Limited has started floating its Initial Public Offering (IPO) from March 1. Today is third day of IPO. The IPO is oversubscribed by app...  [more...]
Barun Hydropower Company Limited has started floating its Initial Public Offering (IPO) from March 1 . Today is the third day of IPO. The IPO is oversubscribed by 18 times on the...  [more...]
Tahahun: Nepal Rastra Bank (NRB) Governor Yubaraj Khatiwada has said there is a growing trend of banks and financial institutions (BFIs) investing in the energy sector. &ldquo...  [more...]
Nepal Rastra Bank (NRB) on Sunday asked industries and firms that have got approval for or received foreign investment/loans to submit the latest status of the funding to the cen...  [more...]
The Second International Conference on Economics and Finance kicked off here from Thursday. Organised by Nepal Rastra Bank (NRB), the central bank, the three-day event has bro...  [more...]
The Ministry of Cooperatives and Poverty Alleviation (MoCPA) has taken initiatives to modify the Cooperatives Act to pave the way for formation of a committee that will be given ...  [more...]
National pride projects (NPPs) have failed to give good results in the first half of the current fiscal year. The projects that have been accorded high importance for development...  [more...]
The formal process of appointing the new central bank governor will start soon, as the government is all set to form a committee which will shortlist names of candidates who coul...  [more...]
The Nepal Stock Exchange (Nepse) index retreated by 1.86 points or 0.19 per cent to settle at 982.65 points, from February 15 to 18. Starting the week at 984.51 points on Sunday,...  [more...]
Laxmi Value Fund-1, a mutual fund scheme worth Rs 40 crore launched by Laxmi Capital, has been oversubscribed 3.5 times, according to latest available updates. Under the schem...  [more...]
Despite fears that liquidity surplus, tumbling interest rates and recent regulatory headwinds will hurt (spoilsport) profit of banking industry, commercial banks have registered ...  [more...]
Most of the commercial banks may not be able to sustain the profit earned in the first half of the current fiscal year, as a big portion of the income was generated through windf...  [more...]
The Nepal Stock Exchange (Nepse) has classed 114 listed companies as A category for the fiscal year 2014-15. An overwhelming majority of these top ranking companies belong to the...  [more...]
Lending of banks and financial institutions (BFIs) went up by 57.46 per cent in the first half of the current fiscal year, with more than a fourth of the total credit going towar...  [more...]
Nepal Rastra Bank (NRB) has prohibited banks and financial institutions (BFIs) from giving more than two terms to their chairman, board directors and chief executive officers (CE...  [more...]
Nepal Rastra Bank (NRB) has conceded that the targeted 6 percent economic growth for this year cannot be achieved even though the government is yet to come out with its revised e...  [more...]
Nepali Congress (NC) General Secretary Prakash Man Singh has said his party has been effortful to promulgate an all inclusive democratic constitution by discharging the coordinat...  [more...]
Nepal Rastra Bank ( NRB ) has suggested the government to consider reimbursing the commission that migrant workers pay to banks and remittance companies for remittance transactio...  [more...]
Industrialist Binod Chaudhary has made it into the Forbes´ billionaire list for second consecutive year and thrice till date. Chaudhary is the president of Chaudhary Gro...  [more...]
Laxmi Bank has launched its first Mutual Fund Scheme called Laxmi Value Fund-1 as the fund sponsor. Laxmi Capital Market Ltd, a wholly owned subsidiary of the bank is the fund ma...  [more...]
Upper Tamakoshi Hydropower Limited will float its Initial Public Offering (IPO) to the project-affected local residents and its lending institutions and their staff from Falgun 1...  [more...]
Sakchyam — a DFID funded access to finance programme — today joined hands with two commercial banks, namely Global IME Bank and Bank of Kathmandu, to extend financial...  [more...]
Nepal Rastra Bank (NRB) has loosened its restrictions on the amount of remitted money banks and financial institutions (BFIs) can directly pay to clients.  NRB has allowe...  [more...]
DOLAKHA:  A joint mechanism of political parties and locals has finalised the method of share allotment of the Upper Tamakoshi Hydropower Project, under which each Dolakha l...  [more...]
NIBL Samriddhi Fund-I has been listed at Nepal Stock Exchange (Nepse) today, through a signing ceremony between the CEO of NIBL Capital Markets Shivanth Pande and General Manager...  [more...]
The banking system seems to have recovered from a situation of excess liquidity lasting two years with extra cash coming down to Rs 2 billion. According to Nepal Rastra Bank (...  [more...]
The Securities Board of Nepal (Sebon) has planned to allow infrastructure companies to conduct a pre-initial public offering so that they can raise funds for their projects befor...  [more...]
Asian Development Bank (ADB) President Takehiko Nakao has stressed increasing investment in the infrastructure sector. In a meeting with Finance Minister Ram Sharan Mahat on M...  [more...]
The Securities Board of Nepal (SEBON), the securities market regulator, has started revising the Securities Registration and Issue Regulation to allow companies to issue shares t...  [more...]
State-owned enterprises have defaulted on loans worth Rs 60.69 billion out of the total amount of credit of Rs 140.21 billion issued to them by the government. Out of the outs...  [more...]
Turnover at Nepal Stock Exchange (Nepse) jumped 91.70 percent to Rs 3.58 billion last week. The number of shares traded too rose almost threefold to 11,178,300 units. Stockbro...  [more...]
Banks will now charge customers for the clearance of cheque s worth more than Rs 500. In a notice on Friday, Nepal Bankers’ Association (NBA) announced the banks would char...  [more...]
In what will be the first acquisition of a commercial bank in the country, Prabhu Bank Ltd on Thursday decided to acquire the ailing Grand Bank Ltd. Prabhu Bank´s Chairm...  [more...]
Nepal Rastra Bank (NRB) on Monday declared Dharan-based Arun Finance as being crisis-ridden after its financial condition deteriorated despite its instruction to take corrective ...  [more...]
IFC, a member of the World Bank Group, has agreed to provide a $5 million trade finance facility to NMB Bank Ltd under its Global Trade Finance Program. IFC´s Nepal Resi...  [more...]
The fourth annual general meeting (AGM) of Civil Bank Ltd has approved 8.5 percent dividend to its shareholders as proposed by the bank´s board of directors (BoD). The AGM ...  [more...]
Nepal Stock Exchange (Nepse) index posted gain for a third straight week as the benchmark index gained 13.88 points to close at 959.24 points on Thursday -- the last trading day ...  [more...]
Nepal Investment Summit 2015 is being held on Tuesday at Pullman Bangsar, Kuala Lumpur, Malaysia to attract investment in Nepal. It will focus on sectors, including hydropower, a...  [more...]
Lending growth rate of commercial banks surpassed deposit growth rate in the first five months of the current fiscal year, as remittance income grew at a very slow pace, while cr...  [more...]
Nepal Stock Exchange (Nepse) last week surged 11.2 points to close at 939.53 points amid increased investment from institutional investors. The market, which opened at 928.33 ...  [more...]
RUPAK D SHARMA Nepal Rastra Bank (NRB) will soon seek clarification from Grand Bank on why the banking sector regulator should not declare the class ‘A’ financial in...  [more...]
Even 22 years after its establishment, Nepal Stock Exchange (Nepse) is still largely involved in paper-based trading of securities. Though Nepse has been planning to completel...  [more...]
Nepal Rastra Bank (NRB) has proposed to boost the minimum lending requirement to agriculture and hydropower to 12 percent from the present 9 percent, but it also plans to soften ...  [more...]
Nepal Bankers’ Association (NBA), the umbrella body of commercial banks, has expressed reservations on some of the provisions included in the Financial Literacy and Consume...  [more...]
SAGAR GHIMIRE With banks and financial institutions (BFIs) dominating the stock market, investors are finding it difficult to diversify their portfolio and get rid of the risk e...  [more...]
The allocation for NIBL Samriddhi Fund - I has been completed in the premises of NIBL Capital Markets Ltd. on 9/23/2071 (7/January/2015). The refund for non-allottees will be dis...  [more...]
Gold price went up by Rs 600 per tola (11.664 grams) to Rs 52,400 on Tuesday. On Monday, gold was traded at Rs 51,800. Officials of Federation of Nepal Gold and Silver Dealers...  [more...]
Rastriya Banijya Bank (RBB) plans to issue 30 percent shares to the general public within this fiscal year. The initial public offering (IPO) will be worth more than Rs 3 billion...  [more...]
The Securities Board of Nepal (Sebon) has given the go-ahead to Upper Tamakoshi Hydropower to issue shares in the company to its financiers and locals in the project area. Chi...  [more...]
Even five and a half months after the government announced agricultural loans for youths at a concessionary interest rate of six percent and two months after Nepal Rastra Bank (N...  [more...]
Commercial banks having excess liquidity in the beginning of this fiscal 2014-15 may face a tight liquidity situation due to slow deposit growth against loan mobilisation in the ...  [more...]
The Ministry of Finance (MoF) today floated the draft of five-year Financial Sector Development Strategy, which, among others, aims to make the financial sector more efficient, e...  [more...]
Taking into account the growing trade volume between Nepal and China, Nepal Rastra Bank (NRB) has decided to allow Nepali banks and financial institutions (BFIs) to open accounts...  [more...]
Nepal Rastra Bank (NRB) has barred banks and financial institutions (BFIs) from charging service fees for opening or closing accounts, providing any branch banking service and is...  [more...]
Bhotekoshi Power Company has agreed to allot 6 percent shares to locals, ending a standoff that had prevented repair work at flood-damaged Bhotekoshi Hydropower Project from bein...  [more...]
Pokhara-based regional-level Bishwa Bikash Bank Ltd (BBBank) is looking to become a national-level development bank soon.For that to happen, BBBank needs to have at least Rs 640 ...  [more...]
Nabil Balanced Fund-1 (NBF1), a closed-end 5 years mutual fund scheme managed by Nabil Investment Banking Limited, has reported a growth of its net asset value (NAV) as it rose t...  [more...]
The police arrested six employees of Jyoti Bikas Bank on fraud charges after they were found to have duped people misusing their share money of the Chilime Hydropower Project. Th...  [more...]
The BOD meeting of Century Commercial Bank Limited (CCBL) has proposed 6 percent bonus share and 3.47 percent cash dividend to its shareholders from the net profit it earned in t...  [more...]
Ace Development Bank has decided to provide 7 percent bonus shares and 0.37 percent cash divided to its shareholders. The 17th annual general meeting of the bank held on Monda...  [more...]
After 13 years of control, Nepal Rastra Bank (NRB) has finally exited from Nepal Bank Ltd (NBL). Holding a special annual general meeting (AGM) on Sunday, the NRB handed over ...  [more...]
Rastriya Banijya Bank Ltd (RBBL) is lobbying with the government for initial public offering. The newly appointed board of directors (BoD) of the state-owned bank has submitte...  [more...]
Rastriya Baniya Bank Limited (RBBL) is selling 57,96,75 units Nepal Investment Bank Limited (NIBL) group ‘B’ promoter shares and 1,78,927 units Nepal Aawas Finance Li...  [more...]
Banks and financial institutions (BFIs) collect almost 68 per cent of deposits from Kathmandu Valley and extend around 56 per cent of loans to borrowers based in the Capital, ind...  [more...]
The BOD meeting of Mega Bank Nepal Limited (MEGA) held today announced 12 percent bonus share and 0.63 percent cash dividend, for the tax purpose, from the net profit of the bank...  [more...]
Bankers, regulators and government officials have said limiting cash transactions and giving preference to other negotiable instruments over cash transactions will help control f...  [more...]
Following a series of merger deals with three different financial institutions earlier, NMB Bank, a class ‘A’ financial institution, has again extended hand to merge ...  [more...]
With the banking system flush with excess liquidity, banks and financial institutions (BFIs) have increased lending to stock investors and hire purchase purposes. Banks’...  [more...]
Standard Chartered Bank Nepal Limited (SCBNL) has decided to pay 41.5 percent cash dividend and 10 percent bonus shares to its shareholders. The 28th AGM of the bank held on Thur...  [more...]
Nepal Rastra Bank (NRB) has declared Nepal Finance Ltd (NFS) a ´troubled´ institution after it found serious shortcomings in the ´C´ class finance company...  [more...]
The return on 91-day treasury bill (T-bill) has remained stagnant at almost zero per cent for the last one week, sending jitters among bankers as it is expected to hit profits of...  [more...]
NMB Bank has signed a merger agreement with Clean Energy Development Bank barely two months after concluding similar pacts with Pathibhara Development Bank and Bhrikuti Developme...  [more...]
Liquidity-mopping instrument called ‘term deposit’ launched today by Nepal Rastra Bank (NRB) was oversubscribed by almost six times, indicating banks and financial in...  [more...]
A total of 14 individuals have applied for the post of chief executive of Agriculture Development Bank Limited ( ADBL ). A majority of applicants are incumbent staffers of the...  [more...]
After a two-year manhunt, the law enforcement agency has managed to nab Anish Bhakta Suwal Dangol, a former ATM in-charge of Himalayan Bank Ltd, for his alleged involvement in de...  [more...]
BIRATNAGAR: Cooperatives in Morang district recorded total transactions worth Rs 13 billion in the first quarter of 2014/15. According to the data of Division Cooperatives Off...  [more...]
Nepal Rastra Bank (NRB) is preparing to sign an agreement with the Chinese central bank by the third week of December to facilitate the use of Chinese currency, renminbi or RM...  [more...]
Global IME Bank has bagged the prestigious “Bank of the Year 2014” award from The Banker, a Financial Times publication. It is one of the 149 banks from around the wo...  [more...]
In a bid to provide single-window service for investors the meeting of the Industrial Promotion Board today decided that companies established with foreign investment can purchas...  [more...]
Non-performing loans (NPL) of commercial banks rose by 0.92 percentage points in the first quarter this fiscal year, thanks to high NPL level in two private sector banks—Gr...  [more...]
Non-performing loans (NPL) of commercial banks rose by 0.92 percentage points in the first quarter this fiscal year, thanks to high NPL level in two private sector banks—Gr...  [more...]
Nepal Investment Bank Limited (NIBL) has received the go-ahead from the Securities Board of Nepal (Sebon) to launch its first mutual fund scheme named NIBL Samriddhi Fund-1. The ...  [more...]
Twenty-seven out of 30 commercial banks earned profits in the first quarter of the fiscal year. The loss-makers include Grand Bank, Prabhu Bank and Civil Bank. The banks eared...  [more...]
The profit of commercial banks increased by 17.57 per cent to Rs 4.98 billion during the first quarter of the current fiscal 2014-15, compared to the corresponding period of the ...  [more...]
Nepal Rastra Bank (NRB) has called back its team from H&B Development Bank, handing over the reins of the class ´B´ bank to a new team of promoters. NRB Spokes...  [more...]
The World Bank (WB) has clarified that former director of Nepal Rastra Bank (NRB) Rajan Singh Bhandari, who was allegedly involved in irregularities in the Second Financial Secto...  [more...]
Citizens Bank International has been focusing on acquisition to increase its capital base in contrast to the current trend among banks and financial institutions (BFIs) to go for...  [more...]
Gold and silver prices continued to tumble this week as their price went down by Rs 700 and Rs 10 per tola over the week. The market opened on Sunday with gold price fixed at ...  [more...]
A total of 914,971 units of physical shares of 35 companies including commercial banks have been brought into 'Demat system' so far since the launching of this system in ...  [more...]
A total of 914,971 units of physical shares of 35 companies including commercial banks have been brought into 'Demat system' so far since the launching of this system in ...  [more...]
To overcome the problem of financing in large scale infrastructure projects, Nepal Rastra Bank (NRB) has proposed to form ´Infrastructure Development Bank´ in the new...  [more...]
RUPAK D SHARMA Nepal Rastra Bank (NRB) has postponed plans for phase-wise roll out of latest international regulatory frameworks aimed at strengthening the shock absorbing capac...  [more...]
Securities Board of Nepal (Sebon), the securities market regulator, has made amendments to Securities Registration and Issue Regulation to pave the way for international financia...  [more...]
India is ready to legalise the use of 500- and 1,000-rupee Indian currency (IC) notes in Nepal, The Hindustan Times reported in its online edition on Friday. Such a move would...  [more...]
SAGAR GHIMIRE Nepal Rastra Bank (NRB) has decided to send two troubled finance companies -- Himalaya Finance and Crystal Finance -- into liquidation. The board meeting of the...  [more...]
The Nepal Rastra Bank (NRB) has allowed banks and financial institutions (BFIs) with institutional and foreign investment to fix the number of their board members in proportion t...  [more...]
The allotment of ‘NMB Sulav Investment Fund-I’ -promoted by the NMB Bank and operated by Bank’s subsidiary NMB Capital Limited has been done.According to the of...  [more...]
Nepal Stock Exchange on Sunday suspended the trading of 59 companies for their failure to pay annual renewal fees, but lifted the suspension on two companies after they paid the ...  [more...]
The allotment of ‘NMB Sulav Investment Fund-I’ -promoted by the NMB Bank and operated by Bank’s subsidiary NMB Capital Limited- took place today. According t...  [more...]
Insurance Board (IB), the insurance sector regulator, has made a last ditch attempt to inject new lease of life into troubled NB Insurance, as it has handed over the management o...  [more...]
Nepal Rastra Bank (NRB) has introduced a new provision, allowing domestic firms to buy software from India and pay in US dollar by opening Letter of Credit (LC) in banks and fina...  [more...]
Nepal Rastra Bank (NRB) has planned to hand over management of H&B Development Bank to its main promoters after its term expires at the end of November. The central bank h...  [more...]
Should the central bank be allowed to continue performing two conflicting roles of setting the inflation target and measuring changes in consumer prices as well? This question...  [more...]
Nepal Rastra Bank (NRB) has directed banks and financial institutions (BFIs) to issue good-for-payment cheques only after transferring the cash mentioned in the cheque to a diffe...  [more...]
Proparco Group , a French Development Financial Institution, has shown its interest to make an investment in Nepal, particularly in the agriculture, sustainable tourism, educatio...  [more...]
Police have arrested former chief executive officer and director of H&B Development Bank on charges of fraud. A team deployed from the Metropolitan Police Crime Division a...  [more...]
The turnover on the Nepal Stock Exchange (Nepse) plunged on the first two days of trading after Dashain on Wednesday and Thursday. The turnover which hovered around Rs 400 millio...  [more...]
The Nepal Stock Exchange (Nepse) formally embraced the paperless system of stocks trading on Wednesday, with first transactions of the dematerialised shares of commercial banks. ...  [more...]
The average interbank-lending rate of the banks has gone up 1 percent for the first time in last 18 months. According to the data of Nepal Rastra Bank (NRB), the weighted average...  [more...]
Commercial banks have been investing more funds in the government’s Treasury Bills to maintain their interest rate spread below five per cent as per the Nepal Rastra Bank (...  [more...]
The amount of surplus liquidity in the banking system has come down to Rs 13 billion as the extra cash that the central bank had absorbed from banks and financial institutions (B...  [more...]
At a time when the banking sector is facing liquidity surplus , deposit collections of banks and financial institutions has decreased by 0.6 percent (Rs 7.87 billion) in the firs...  [more...]
NMB Bank, Pathibhara Development Bank and Bhrikuti Development Bank on Monday signed a merger agreement. As per merger bylaws, they are required to complete their union within th...  [more...]
Nepal Stock Exchange (Nepse) jumped 28.81 points to close at 912.32 points last week. The turnover, however, fell 16.53 percent to Rs 1.55 billion. The market opened at 883.51...  [more...]
With private commercial banks highly concentrated in urban areas, non-banking financial institutions such as micro finance financial institutions (MFFIs) along with licensed coop...  [more...]
Banks and financial institutions (BFIs) will now have to divide their shareholders into two groups only, promoters and public, and end the practice of splitting their promoters i...  [more...]
NRB has cancelled the licence of United Development Bank based in Jitpur, Bara after the Appellate Court, Hetauda initiated liquidation proceedings against it by appointing a liq...  [more...]
SAGAR GHIMIRE With liquidity problem showing no sign of subsiding, Nepal Rastra Bank (NRB) is collecting deposit of Rs 10 billion from different banks and financial institutions...  [more...]
Moneygram, a money transfer company, has launched an offer on the festive occasion of Dashain and Tihar. Issuing a statement, the company said every individual will receive a sty...  [more...]
Here’s another good news for the market. The Securities Board of Nepal (Sebon) has given the final approval to  NIBL Capital (Merchant bank of Nepal Investment Bank Li...  [more...]
Though the larger commercial banks have evoked mixed reaction among the share investors when it comes to the dividend they have declared for the last fiscal year, most of the mid...  [more...]
SAGAR GHIMIRE Though share transactions of commercial banks in demat mode is set to start in just sixteen days, very few investors have opened their demat accounts so far. Ne...  [more...]
SAGAR GHIMIRE Though share transactions of commercial banks in demat mode is set to start in just sixteen days, very few investors have opened their demat accounts so far. Ne...  [more...]
Nepal Rastra Bank Governor Yuba Raj Khatiwada has said that the government was drafting strong legislations against financial offences which are expected to enhance governance an...  [more...]
A liquidity-mopping instrument called ‘term deposit’ launched today by Nepal Rastra Bank (NRB) was oversubscribed by almost 200 per cent. This is the second time the ...  [more...]
Bankers have urged the government to end a provision that requires investors, who hold less than 5 percent promoter shares in any banks and financial institutions (BFIs), to seek...  [more...]
The Kathmandu Valley has recorded the most number of scams involving savings, credit and multi-purpose cooperatives over the recent years. Of the total 12, 962 cases of cooper...  [more...]
Prabhu Bank Ltd -- a merged entity of Kist Bank, Prabhu Bikas Bank, Gauri Shankar Development Bank and Zenith Finance -- has started integrated operation five months after the si...  [more...]
Claims pertain to 104 sub judice cases > 63 cases settled in FY 2013/14; claim amount Rs 5.13 billion > Highest claim amount Rs 2.51 billion > Most fraud cases relate...  [more...]
Nepal Rastra Bank (NRB), the banking sector regulator, has barred Grand Bank from collecting fresh deposit and extending new loans, as the class ‘A’ financial institu...  [more...]
Nepal Rastra Bank (NRB), the banking sector regulator, has barred Grand Bank from collecting fresh deposit and extending new loans, as the class ‘A’ financial institu...  [more...]
NMB Bank’s subsidiary NMB Capital has said that its debut mutual fund- ‘NMB Sulav Investment Fund-I’- will be opened from Ashoj 2 to the public for subsricption...  [more...]
Nepal Rastra Bank (NRB) has taken prompt corrective action (PCA) against Grand Bank, barring it from opening additional deposit accounts and providing loans as its capital adequa...  [more...]
Global IME Bank Ltd has announced 25 percent dividend to its shareholders from the net profit that it earned in 2013/14. According to a bank statement, the meeting of the boar...  [more...]
Nepal Rastra Bank (NRB) has been reluctant to issue the “deposit collection” instrument for the second time as its suspects an interest-rate cartel between banks and ...  [more...]
Had banks been apathetic to providing loans to purchase vehicles, the automobile market would not have been as energetic as it is today. The high level of liquidity with banks ha...  [more...]
Citizens Bank International Ltd has announced 18.95 percent dividend to its shareholders. According to a statement from Citizens Bank, a meeting of its board of directors (BoD) h...  [more...]
Nine savings and credit cooperatives and a multipurpose cooperative have merged to become “Hamro Sagarmatha Multipurpose Cooperative Limited”. The new entity started ...  [more...]
Nabil Invest as the fund manager of Nabil Balanced Fund-I (NBF-I) has announced 14 percent cash dividend to the unit holders of NBF-I from the distributable profit post-audit of ...  [more...]
In line with Nepal Rastra Bank (NRB)´s directive, state promoted commercial banks have driven up their efforts to reinstate branches that were displaced during the decade-l...  [more...]
The government has been preparing to send a proposal to the Cabinet to allow the Asian Development Bank (ADB) to issue local currency bonds worth Rs 50 billion. On May 20, the AD...  [more...]
Traders worried about the Nepal Rastra Bank (NRB)’s recent directive continued to offload shares, causing the Nepal Stock Exchange (Nepse) index to take a massive drop of 3...  [more...]
Fewer depositors are parking funds in fixed deposit accounts these days as return on these products has been falling due to excess liquidity in the banking sector. Money parke...  [more...]
Profit growth rate of commercial banks fell massively in the last fiscal year, as two class ‘A’ financial institutions booked a net loss of Rs 1.85 billion, while fou...  [more...]
Profitability of commercial banks took a beating last fiscal year, as capital fund bulged, while earnings grew moderately. Average return on equity (RoE) — a measure to ...  [more...]
Commercial banks saw their profit growth rate fall last fiscal year. Net profit growth rate of 28 commercial banks that have published their unaudited quarterly reports stands...  [more...]
After failing to address the situation of excess liquidity in the banking system with existing monetary instruments, Nepal Rastra Bank (NRB) has introduced “deposit collect...  [more...]
Agriculture Development Bank Limited (ADBL) has been forced to cancel internal examination for the promotion of staffers due to the protest launched by the UCPN (Maoist)-aligned ...  [more...]
Nepal Rastra Bank (NRB) is mopping up Rs 20 billion from the banking sector next week using a new instrument called ‘term deposit’, as the central monetary authority ...  [more...]
Rastriya Beema Company Limited (RBCL), the new life insurance company formed by splitting Rastriya Beema Sansthan (RBS) into life and non-life insurance companies, has finally st...  [more...]
Investors in the stock market are yet to receive a total of Rs 475.6 million for the shares they sold as their brokers have not finished clearing the transactions. As of Monda...  [more...]
Nepal Stock Exchange (Nepse), for the first time in its history, has suspended a company from trading its shares for leaking price sensitive information to the public. Nepse, ...  [more...]
Bars financial institutions defying to raise capital from collecting deposit‚ extending loan Finance companies that have not met the minimum regulatory capital requireme...  [more...]
Banks and financial institutions (BFIs) from now on will not have to seek Nepal Rastra Bank (NRB)’s permission to extend foreign exchange facility of up to $10,000 per year...  [more...]
Nepal Rastra Bank (NRB), the central bank, has reduced the interest rate on general refinancing by a percentage point to four per cent, with effect from today, providing banks an...  [more...]
The Asian Development Bank (ADB), the multilateral donor agency, has proposed to issue local currency bonds worth Rs 50 billion mainly to finance various hydropower projects here...  [more...]
Kriti Capital and Investment Ltd today launched Kriti Portfolio Tracker Software, a programme developed by the company with an aim to help investors keep track of their share tra...  [more...]
Nepal Rastra Bank has directed all A, B, and C class financial institutions to issue machine-readable chequebooks encoded with Magnetic Ink Character Recognition (MICR), a system...  [more...]
One percentage point rise in flow of bank loans can push up country’s economic growth by 0.4 percentage point in the long run, says a latest study, which, according to expe...  [more...]
Nepal Rastra Bank (NRB) has planned to launch a series of instruments to mop up excess liquidity from the market and deposit collection is the first on its list. The move is in l...  [more...]
South Asian nations have agreed to establish a Saarc Development Bank. The bank is expected to finance infrastructure development in the region, which is grappling with poor infr...  [more...]
With the country moving toward federal setup, Mega Bank on Wednesday it was planning to open regional offices in at least four-five places. “We also have a strategy to v...  [more...]
The Ministry of Finance (MoF) is soon initiating the process of bringing in a strategic partner at Nepal Bank Ltd (NBL) by offloading a certain portion of stake owned by the stat...  [more...]
Banking and Financial Institutions (BFIs) have expressed their helplessness in helping the government enforce the National Building Code (NBC) in the country citing poorly functi...  [more...]
Economists have said that the budget for fiscal year 2014/15 failed to allocate resources efficiently. Speaking at a program organized jointly by the Nepal Economic Associatio...  [more...]
Commercial banks’ lending to the agriculture sector has surged, but that to hydropower sector is still on the lower side.As of the 11th month of the last fiscal year, banks...  [more...]
Nepal Rastra Bank (NRB), the central monetary authority, today instructed banks and financial institutions (BFIs) to meet the new regulatory requirement on the portion of deposit...  [more...]
Nepal Rastra Bank (NRB), the central monetary authority, has slightly tightened the Monetary Policy for fiscal year 2014-15, while incorporating provisions to expand credit for t...  [more...]
Finance Minister Dr Ram Sharan Mahat has said that the budget estimates for Fiscal Year 2014/15 comes with the goal of economic growth through reforms in overall economic sector in...  [more...]
Nepal Rastra Bank (NRB), the central monetary authority, today introduced Unified Directives 2014, which, among others, prevents individuals from acquiring loans to purchase promot...  [more...]
 Rise in the number of cases related to banking crimes and money laundering is becoming a serious problem for government agencies. According to the annual progress report of ...  [more...]
People will no longer have to browse the internet or visit the stock broker´s trading floor to get the market information as they would be able to watch live update of the bo...  [more...]
The government has unveiled Rs 618 billion budget for the fiscal year 2014/15 on Sunday evening. Minister for Finance Ram Sharan Mahat is presenting the budget, first full-fledged...  [more...]
BIRATNAGAR/POKHARA/BIRGUNJ/NEPALGUNJ: The budget for the new fiscal year presented by Finance Minister Ram Sharan Mahat at the Legislature Parliament in the Capital today has drawn...  [more...]
Riding on a strong performance of the agriculture and service sectors, the country’s economic growth recorded a six-year high. The country’s economy is estimated to hav...  [more...]
The government said Thursday that liquidity surplus is becoming a major problem for the country, and an improvement in the environment for investment is urgently needed to soak up ...  [more...]
Nepali industries failed to utilize even half of their installed capacity in the first six months of the current fiscal year, according to a study report unveiled recently by the N...  [more...]
Nepal Stock Exchange (Nepse) posted a whopping growth of 29.37 points last week to close at 972.85 points. The benchmark index, which opened at 943.48 on Sunday, posted gains throu...  [more...]
Bankers have urged Nepal Rastra Bank (NRB) to review its method of calculating the spread rate cap of the commercial banks. According to a provision of the Monetary Policy of 2013...  [more...]
PALPA: Despite a proliferation of banks and financial institutions ( BFIs ), farmers are still struggling to get bank loans, and are forced to take credit from traditional money le...  [more...]
Finance Companies are facing increased non-repayment of loans with the Non-Performing Loan (NPL) as of mid-May reaching 16 percent from 9.3 percent as of mid-May 2013, according to...  [more...]
The International Finance Corporation (IFC), a private sector lending arm of the World Bank, will soon issue request for proposals (RfPs) to hire a new fund manager and resume ope...  [more...]
The government is preparing to set up an all-powerful high-level rehabilitation commission , which will recover general people’s deposits stuck in troubled cooperatives. The...  [more...]
Asian Development Bank ( ADB ) has once again expressed interest in issuing Nepali rupee bonds. In a letter to the Finance Ministry, the multilateral lender has asked about prereq...  [more...]
The Financial Action Task Force (FATF) has removed Nepal from its watch-list, indicating that the international body that creates standards for fighting financial crime is satisfie...  [more...]
Banks and financial institutions have been able to expand their lending to the agricultural sector by 23.4 percent in the 10 months of the current year 2013/14. According to a lat...  [more...]
Banks and financial institutions have been able to expand their lending to the agricultural sector by 23.4 percent in the 10 months of the current year 2013/14. According to a lat...  [more...]
The central bank may soon have the authority to expedite the process of liquidating banks and financial institutions (BFIs), lay recommendations to bail out ‘too big to fail&...  [more...]
Despite efforts of the Nepal Rastra Bank (NRB) to expand financial services to remote parts of the country, Kathmandu, the capital city, continues to dominate other parts of the co...  [more...]
Civil Bank Ltd has bagged the ‘Innovation Award’ from MasterCard. According to a statement issued on Monday, the bank received the award under ‘Debit Card’ ...  [more...]
NIC Asia Bank has opened 14 branch offices, including four in Kathmandu, across the country. According to the bank, the newly opened branches outside the Valley are in Chandragadhi...  [more...]
Drawn-out amalgamation talks between the five grameen bikas banks in the country have finally borne fruit, and these financial institutions, which specialize in providing small loa...  [more...]
Bankers have requested the Nepal Rastra Bank (NRB) to adopt flexible policy on loan loss provisioning for certain loans given to government entities. Citing the recent problem ove...  [more...]
Registration of four-wheelers increased by 19 percent in the first ten months of fiscal year 2013/14 compared to figures of the same period of 2012/13. Statistics of the Departmen...  [more...]
Remittance inflow in the first ten months of the current fiscal year has surpassed the total amount of remittances received during last fiscal year. Inflow of remittance grew by 29...  [more...]
Credit expansion of banks and financial institutions contracted by 1.63 per cent in the first 10 months of the current fiscal year, as lack of business opportunities and little gro...  [more...]
Standard Chartered Bank, Nepal organised a knowledge sharing seminar on RMB usage on Tuesday. The seminar was led by Frankie Shu On Au, global head - RMB Products from Standard Cha...  [more...]
Propelled by the optimism of the upcoming budget, the bull run at the share market continued, with the Nepal Stock Exchange (Nepse) index crossing the 900 point mark to rest at 904...  [more...]
Bank of Kathmandu (BoK) Ltd and three financial institutions — International Leasing and Finance Co Ltd, Shree Investment and Finance Co Ltd, and Nepal Express Finance Ltd &m...  [more...]
Deputy Prime Minister and Home Minister Bam Dev Gautam has come down heavily against cooperatives fleecing poor people. “Cooperatives, particularly the credit and saving coop...  [more...]
Prospects of a pro-market budget fuelled investor confidence as the Nepal Stock Exchange (Nepse)’s index recorded an upsurge to rest at 879.33 points for the week — Jun...  [more...]
IFC, a member of the World Bank Group, will provide a $ 5 million trade finance facility to Siddhartha Bank. This will boost Siddhartha Bank’s international trade business an...  [more...]
 A total of 22 new banks and financial institutions have been created after merger of 55 banks and financial institutions as per the call by Nepal Rastra Bank (NRB). They wer...  [more...]
The Department of Cooperatives has for the first time prepared a regulation that paves the way for those living below the national poverty line to establish multi-purpose cooperati...  [more...]
Governor and deputy governors of the Nepal Rastra Bank (NRB) could be barred from joining any banks and financial institutions (BFIs) after their retirement. Officials from the Fi...  [more...]
The first acquisition in the Nepali banking sector is likely to be delayed as Nepal Rastra Bank (NRB) has asked the two concerned financial institutions that had initiated the acqu...  [more...]
The Nepal Rastra Bank (NRB) team that took over the management of troubled H&B Development Bank has said it will forward the claims of those submitting fraudulent good-for-paym...  [more...]
Global IME Bank has said it will issue additional shares to general public as instructed by the central regulatory bank to maintain 30 percent holding of the public at the bank. T...  [more...]
Bankers and financial experts have said that the upcoming budget should create conducive environment for boosting investment to resolve the problem of excessive liquidity seen in t...  [more...]
Automobile imports have started to pick up in the recent days, thanks to a relatively stable political situation and easy availability of auto loans. The growing four-wheeler marke...  [more...]
Nepal Rastra Bank (NRB) took over the management of crisis-ridden H&B Development Bank on Wednesday for failing to comply with its directives reviving memories of the good-for-...  [more...]
Nepal Stock Exchange (Nepse) is soon recommending the securities market regulator to lift a ban put on share transaction of two prominent stock market players, as the row over owne...  [more...]
Against the trend of high deposits and slow lending for the past couple of months, loan expansion of the commercial banks have inched up in last two months while the deposit mobili...  [more...]
The government has requested the Asian Development Bank (ADB) to resume providing grants to Nepal as it is still in transition and though its repayment capacity may have improved, ...  [more...]
With the market mostly bearish throughout the week, the Nepal Stock Exchange (Nepse)’s index took a dip by 1.13 points or 0.13 per cent to rest at 852.06 points from May 18 t...  [more...]
Over 2,000 Nepalis leave the country each day seeking jobs abroad. The growing trend of migration of Nepali workers to different countries has resulted in an acute labour crunch in...  [more...]
Shareholders of Agricultural Development Bank Ltd (ADBL) will receive 31.58 per cent dividend from the bank’s first ever dividend payout. The annual general meeting of the b...  [more...]
Nepal Trust Office (NTO) has made public the list of shares once registered in the names of late King Birendra and his family members of Nabil Bank Limited, Hotel de l’ Annap...  [more...]
Nirmal Pradhan and Shankar Kumar Shrestha — the duo who sold non-transferable shares of Nepal Bangladesh Bank — have claimed to have compensated investors after being d...  [more...]
The board of Grand Bank decides to appoint new Chief Executive Officer (CEO) on Wednesday after three months of the resignation of Sudheer Khatri. The board meeting of the Grand B...  [more...]
Nepal Investment Bank Ltd (NIBL) together with the Nepal Army Welfare Board has initiated Deprived Sector Lending to ex-staff of Nepal Army (NA) through a programme at Itahari Barr...  [more...]
Non-performing loans (NPL) of commercial banks is increasing with their expanding loan portfolio. NPL of commercial banks increased by Rs 7 billion in the first nine month of the ...  [more...]
A high-level probe commission on cooperatives has recommended the government stop issuing new licences in the cooperatives sector across the country. The commission, which submitt...  [more...]
In a first after the central bank introduced the acquisition bylaws, Citizens Bank International Limited is acquiring Nepal Housing and Merchant Finance Limited (NHMFL). The two f...  [more...]
The dividend payout may be less attractive in the coming year, as the profit growth of the biggest dividend paying real sector companies have cooled down in the third quarter. The...  [more...]
After the government’s plan to buy houses and apartment units in Kathmandu for VVIPs, VIPs and other high-ranking officials failed, it has now proposed to rent the property. ...  [more...]
Investors will soon get an opportunity to buy primary shares of Global IME Bank. The bank is planning to issue 352,140 unit shares to the public as Follow-on Public Offering (FPO)...  [more...]
The Nepali rupee rode to an 11-month high against the US dollar on the back of a strong Indian currency following the optimistic Indian election results. Nepal Rastra Bank (NRB) f...  [more...]
Promoters of many troubled cooperatives never invested a penny of their own money but poured billions from public deposits, advance payments and bank loans into dubious housing pro...  [more...]
Net profits of commercial banks grew at a slower pace in the third quarter as interest income took a beating. The banks’ net profits grew 12.32 percent to Rs 14.49 billion, ...  [more...]
The Securities Board of Nepal (Sebon) has directed the Nepal Stock Exchange (Nepse) to reimburse the shares of Nepal Bangladesh Bank (NBB) whose ownership transfer has not taken pl...  [more...]
The growth in profit of commercial banks suffered with the interest income tumbling due to slower expansion of credit, as the third quarter closed in. The banks were able to recor...  [more...]
The Nepal Stock Exchange (NEPSE) listed companies have denied electronic transaction of stocks by affiliating to the Central Deposit System (CDS) and Clearing Ltd. As per the Stoc...  [more...]
 The Securities Board of Nepal (SEBON) has suspended the decision of NABIL Mutual Fund to distribute 5.5 percent cash dividend to the subscribers of NABIL Balance Fund -1. Se...  [more...]
Average spread rate stood at 6.82 percent in the first nine months of the current fiscal year, according to recent statistics published by the Nepal Rastra Bank (NRB). The central...  [more...]
Manual clearance of high-volume customer payment cheques poses a greater systemic risk to the financial system, an assessment of Nepal’s payment conducted by the Nepal Rastra...  [more...]
The number of microfinance development banks has grown three-fold in the last six years, thriving on the wholesale lending provided by the banks’ easy source of funds. At pr...  [more...]
The interoperability between bank accounts might become a reality in the near future as the central bank is mulling a strategy to launch National Payment System (NPS). The system w...  [more...]
The proposed Nepal Rastra Bank (NRB) Act has envisaged increasing the central bank’s paid-up capital . The draft of the proposed Act is currently under discussion at the Fina...  [more...]
ATM or STC cards are used to avert the risk arising from carrying cash. But such cards have also come under the threats in recent days with the rise of fraudsters tracing the data ...  [more...]
Borrowers from financial institutions can be evaluated regarding their repayment capacity and credit worthiness by a rating agency from now on. At present, financial institutions t...  [more...]
Securities Board of Nepal (Sebon) seems to have failed to make the capital market a secure place for minority investors. Delay in resolving the ongoing Nepal Bangladesh (NB) Bank&...  [more...]
Nepal Stock Exchange (Nepse)’s failure to find a suitable consultant to advise it on new automated system for the second time will further delay the trading system upgradatio...  [more...]
Nepal Rastra Bank (NRB) Governor Yubaraj Khatiwada said on Monday that the central bank had adopted a zero tolerance policy against financial crime. Misdeeds in the financial sect...  [more...]
Companies will be able to enlist their shares in the secondary market even without issuing their Initial Public Offering (IPO) if the proposed securities listing bylaws comes into ...  [more...]
Nepal Rastra Bank (NRB) has raised the maximum limit of Indian currency (IC) withdrawal using debit/credit cards in India to IRs 15,000 per day from IRs10,000 earlier. However, the...  [more...]
The pain of excess liquidity might be easing since the pace of lending seems to have sped up as the third quarter approached the end, with the credit growing by whopping Rs 10 bill...  [more...]
Securities Board of Nepal (Sebon) has decided to allow the Citizens Investment Trust (CIT) to work as the issue manager of the Upper Tamakoshi Pvt Ltd (UTKHPL). The apex regulator ...  [more...]
Nepal Rastra Bank (NRB) Governor Yubaraj Khatiwada, today, said that the central bank would not tighten monetary policy to address the problem of liquidity surplus, as it could con...  [more...]
To encourage repayment of old defaulted loans, all three state-run banks have of late announced concession packages targeting small borrowers. Rastriya Banijya Bank (RBB) and Agri...  [more...]
"If the rule poses practical problems‚ NRB will try to accommodate concerns of the banks - Bhaskar Mani Gnawali‚ Spokesperson for NRB " Maintaining interest ...  [more...]
Many banks and financial institutions (BFIs) in the country are supporting cash-strapped borrowers by extending them additional credit line to enable them to repay the old debt, en...  [more...]
NIC Asia Bank is launching debentures worth Rs 400 million at 7.25 per cent interest rate. The bank will issue ‘7.5% NIC Asia bond 2077’ at par value of Rs 1,000. This...  [more...]
The roster of troubled financial institutions has got longer with the central bank declaring Narayani Development (ND) Bank as ‘crisis-ridden’. Chitwan-based Narayani ...  [more...]
Many banks and financial institutions (BFIs) in the country are supporting cash-strapped borrowers by extending them additional credit line to enable them to repay the old debt, en...  [more...]
A high-level government commission formed to launch an inquiry into troubled savings and credit cooperatives today raided the head office of Oriental Cooperative and confiscated tw...  [more...]
Nepal Rastra Bank (NRB) on Sunday introduced ´Banks and Financial Institutions (BFIs) Acquisition Bylaw 2070´, allowing big and robust BFIs to acquire other BFIs with l...  [more...]
Cash-strapped Nepali travellers to India will get much needed respite, as the central bank has hiked the limit on ATM withdrawals from India, along with providing double Indian cur...  [more...]
CDS and Clearing has asked the companies listed on the Nepal Stock Exchange (Nepse) to get the share certificates they have issued to their shareholders digitalized within the next...  [more...]
The Hydroelectricity Investment and Development Company Limited (HIDCL) is preparing to issue ordinary shares worth Rs 2 billion. The second annual general meeting (AGM) of the co...  [more...]
The financial health of Gurkha Bikas Bank seems to have worsened as the troubled financial institution’s portfolio contains 84 per cent bad loans despite central bank’s...  [more...]
Youth and Small Entrepreneurs Self-Employment Fund ( YSESEF ) has failed to disburse loans through banks and financial institutions (BFIS) adequately, while the credit disbursed th...  [more...]
Banks and financial institutions (BFIs) have been investing in treasury bills issued under reverse repo to utilize their excess liquidity, but returns have been declining continuou...  [more...]
The bullish equities have attracted hordes of trading in the stock market, pushing average daily turnover up by more than double in past nine months. The daily turnover at Nepal S...  [more...]
For the first time in the country, electronic share trading began on Tuesday, with two stockbroker companies—Kalika Securities and Trishakti Securities—carrying out tra...  [more...]
Nepal Rastra Bank (NRB) Governor Dr Yuba Raj Khatiwada has warned commercial banks not to siphon off rural money to urban areas. He also said commercial banks were using their bra...  [more...]
The government has ordered Rastriya Banijya Bank, Agricultural Development Bank and Nepal Bank to reopen their branch offices which were displaced during the decade-long conflict. ...  [more...]
The Nepali capital market will be seeing more fund offerings in the near future with five mutual fund managers having filed applications for the approval of their proposed schemes....  [more...]
Despite its small presence, real sector companies have rewarded investors more handsomely than financial institutions (FIs) listed at the stock exchange. Dividend distribution by ...  [more...]
Continuing its upward momentum, Nepal Stock Exchange (Nepse) index last week surged 14.49 to close at 812.11 points. The secondary market, which opened at 798.10 points on Sunday,...  [more...]
 Nepal Stock Exchange (Nepse) planning to raise its capital by issuing public shares. For the purpose, it is planning to seek the government’s approval for demutualizati...  [more...]
Global IME Bank and Commerz and Trust Bank started unified business transactions from Wednesday after their merger. Finance Minister Ram Sharan Mahat inaugurated the transactions ...  [more...]
 Nepal Rastra Bank (NRB) has declared facilities for sick industries , by categorizing them into two groups— industries that can be brought back into operation and those...  [more...]
Deposits of the commercial banks have surged by Rs 26 billion between the end of February till the end of March, while their lending increased only by Rs 5 billion, according to th...  [more...]
Kist Bank and Prabhu Bikas Bank have formally decided to undergo merger. Rameshwor Sapkota, coordinator of the merger committee of Prabhu Bikas Bank, and Bishnu Gopal Shrestha of ...  [more...]
The Insurance Board (IB) has told non-life insurance companies that they have to charge a premium of at least 2.75 percent when insuring the business of banks. The IB said it had...  [more...]
 Nepal Rastra Bank has given the final approval for the merger between Civil Bank Ltd, Axis Development Bank and Civil Merchant Bittiya Sanstha. After the merger, the total p...  [more...]
The subscription rates of the last few public offerings indicate that investors are indifferent towards the credit ratings of the issues. The latest Initial Public Offering (IPO) ...  [more...]
Investors are back in a buying spree, which pushed the stock index above 800 points while pushing market capitalisation up by Rs 17 billion, during the week — March 31 to Apr...  [more...]
The government has paved the way for the International Finance Corporation ( IFC ) to issue local currency bonds in Nepal. The Cabinet on Thursday endorsed the IFC ’s proposa...  [more...]
The capital market regulator has revoked the ban placed on trading of shares belonging to Nirmal Pradhan and party following their commitment to resolve the settlement of the ongoi...  [more...]
Despite initial apprehension, mutual fund managers are gearing up to be rated on their worthiness.The capital market regulator had mandated the mutual fund managers to be rated by ...  [more...]
No trading company has applied for permission to operate a hire-purchase loan company, although it has been more than a month since the central bank introduced the guidelines. Bac...  [more...]
As the deadline for banks and financial institution (BFIs) to sell off their cross-holding approaches, two state-owned BFIs are struggling to find buyers get divest such shares.NID...  [more...]
Deloitte India has identified inadequate staff and lack of appropriate skills with them as common and major problems at the Securities Board of Nepal (Sebon) and the Nepal Stock Ex...  [more...]
NIC Asia Bank has introduced “Home Banking” service, under which customers will be able to open bank account from home. For this, customers have to send an SMS to 4488 ...  [more...]
Share traders will get one-window service — from placing orders to settling the shares traded — provided the central depository system does not hit yet another snag to ...  [more...]
Of late, the rates offered by corporate debentures have shrunk, as evident by the upcoming issue of Nepal SBI Bank, which will provide less than eight per cent for its 10-year bond...  [more...]
Nepal Rastra Bank Governor Yuba Raj Khatiwada said that cooperatives needed to be innovative and design new products as per market demand.Presenting a paper at a programme organise...  [more...]
For the first time since 2007, the World Bank is coming up with a four-year full-fledged country assistance strategy for Nepal. The global lender will launch its Country Assistance...  [more...]
The integrated operation of merged Commerz and Trust Bank Nepal and Global IME Bank is slated to begin from the first week of April. “We have completed almost all the requir...  [more...]
Promoters of troubled cooperatives have not only embezzled billions of rupees depo-sited by common people, but have also cheated customers of their housing projects. Housing proje...  [more...]
The Ministry of Finance (MoF) has forwarded International Finance Corporation (IFC)’s proposal to issue local currency bonds to the Cabinet for approval. If Cabinet endorses...  [more...]
Nepal Ratra Bank (NRB) Governor Yuba Raj Khatiwada has urged foreign investors to put their money in Nepal for better return. Speaking at the Nepal Business Conclave here on Monda...  [more...]
Philippe Le Houérou, the World Bank’s Vice-President for South Asia, is arriving in Kathmandu on Tuesday on a four-day visit. During his stay in Nepal, Le Houé...  [more...]
Nepal Bank Ltd (NBL) has announced ranges of interest rebate to encourage repayment of the old defaulted loans of up to Rs 2.5 million. The borrowers that have borrowed up to Rs 2...  [more...]
As a show of disregard towards regulatory norms, a majority of the listed companies are least bothered about conducting annual general meetings and submitting their quarterly repor...  [more...]
Most of the troubled cooperatives have their chairmen in executive position against the norms, according to the Department of Cooperatives (DEoC). Of the 130 cooperatives against ...  [more...]
The stock exchange has ordered National Hydropower Company (NHPC)’s sparring directors to come to terms regarding the appointment of a share registrar within the next three d...  [more...]
The government is mulling over introducing a new public sector accounting system of international standard in selected ministries from the next fiscal year, to better track spendin...  [more...]
A high-level probe commission formed to investigate troubled cooperatives on Monday confirmed individual depositors’ money worth Rs 9.63 billion put in 130 troubled cooperati...  [more...]
The Nepal Stock Exchange (Nepse) has signed an agreement with international financial analysis company Bloomberg under which it will examine and disseminate information about Nepal...  [more...]
The contracting interest rates coupled with expanding government expenditure seem to be easing the financial institutions’ pain of disposing the surplus funds in the second h...  [more...]
Biratnagar: Life has been harder for Khadga Bahadur Gurung of Biratnagar after he and his family members lost their jobs when the factories they were working in were shut down. Ti...  [more...]
Average base rate and average spread rate of commercial banks have declined moderately in the first seven-month of the current fiscal, a Nepal Rastra Bank report suggests. The l...  [more...]
The Department of Coope-ratives has been thinking of ordering cooperatives to fix a maximum spread rate of 5 percent in line with Nepal Rastra Bank ’s (NRB) directive to comm...  [more...]
Nepal Rastra Bank is launching the second offering of foreign employment bonds for this year despite the scanty subscription of the first batch. The central bank has announced the...  [more...]
Gurkha Bikas Bank is struggling to get back on its feet three years after troubles at the seemingly strong development bank surfaced, despite the central bank’s efforts since...  [more...]
Nepal Rastra Bank’s decision to enforce its regulation allowing only foreign financial institutions to own a stake in Nepali financial institutions is going to force big play...  [more...]
Birgunj: Banks in Birgunj are in shock after a trader fled with his family leaving unpaid loans amounting to Rs 330 million. A number of banks had lent him money without adequate c...  [more...]
A day-long dialogue to settle the issue of non-transfer of ownership of Nepal Bangladesh Bank (NBB) shares sold by prominent investor Nirmal Pradhan ended inconclusively on Sunday....  [more...]
The Nepal Stock Exchange (Nepse) slid marginally by 5.36 points last week.  The market that opened at 811.79 points on Monday fell 11 points on Tuesday. Although the initial ...  [more...]
Ordering stop payment after voluntarily issuing cheques to the bearer will make the account holder liable of getting blacklisted. Any individual or firm that asks a bank or financ...  [more...]
The financial institutions facing problems with disposing excess liquidity have subscribed for the central bank’s latest offering of reverse repo by two times despite the mar...  [more...]
Century Commercial Bank has allotted its ordinary shares to the public. The bank distributed 9.2 million units of ordinary shares to 157,503 subscribers today. Small investors &md...  [more...]
Civil Bank’s special general meeting has given a green signal to its merger with Axis Development Bank and Civil Merchant Finance Company. The special meeting of the bank ye...  [more...]
Nepal Rastra Bank (NRB) has revised inflation target by a marginal 0.5 percent to the average of 8 percent in the mid-term review of Monetary Policy for fiscal year 2013/14. Other...  [more...]
The capital market regulator has asked the stock exchange not to undertake any transaction of the players involved in Nepal Bangladesh Bank share transfer row. Securities Board of...  [more...]
The Nepal Rastra Bank (NRB) is reviewing the monetary policy without major changes to address the issue related to excess liquidity in the banking system. As the central bank prep...  [more...]
The return on investment for shareholders of banks and financial institutions (BFIs) has been on a gradual decline for the last nine months. Shareholders of 27 private commercial b...  [more...]
Nepal Rastra Bank (NRB) has directed banks and financial institutions (BFIs) to appoint information officer at the earliest. The central bank issued the directive after the Nation...  [more...]
The list of troubled cooperatives is on rise. The high-level commission formed by the Ministry of Cooperatives and Poverty Alleviation to probe the operations and possible irregula...  [more...]
The Initial Public Offering (IPO) worth Rs 92 crore issued by Century Commercial Bank Limited will be allotted on March 3 at the office of the commercial bank in Kathmandu, accordi...  [more...]
The amount of margin type loans floated by financial institutions has jumped 23 per cent in the last two fiscal years, as the stock market turns bullish.Although commercial banks s...  [more...]
The number of credit cards issued by commercial banks has risen massively in the past year.According to Nepal Rastra Bank (NRB), 20,278 new credit cards were handed out during the ...  [more...]
The total liabilities of troubled cooperatives under investigation are likely to cross Rs 10 billion. A high-level commission formed by the Ministry of Cooperatives and Poverty All...  [more...]
Global IME Bank and Commerz and Trust Bank have signed the final Memorandum of Understanding (MoU) for merger.Global IME Chairman Chandra Prasad Dhakal and Shovakar Neupane, chairm...  [more...]
After six years, Ram Sharan Mahat is back at the Finance Ministry. And, his appointment as new Finance Minister has cheered the private sector and investors. It’s his pro-ma...  [more...]
Capital market regulator has started a formal investigation into the Nepal Bangladesh Bank (NBB) share ownership transfer scandal from today. The failure of share transfer of some...  [more...]
The amount of reverse repo undertaken to mop up excess money from the financial system in the last seven months is three-and-a-half times higher than the total reverse repos held b...  [more...]
Nepal Bankers´ Association (NBA) has said banks should be left free to decide on whether or not to levy additional service charges, including the charge on Any Branch Banking...  [more...]
Himalayan Bank Limited (HBL) has decided to increase its paid-up capital to Rs 4 billion within the next two years amid rising competition. Its paid-up capital currently stands at ...  [more...]
The Nepal Stock Exchange (Nepse) on Friday directed Nepal Bangladesh Bank (NBB) not to hold its annual general meeting until the problems related to the ownership transfer and clea...  [more...]
The growth rate of deposits held by savings and credit cooperatives took a dive in the first half of the fiscal year. Deposits inched up 1.07 percent compared to a jump of 4.87 per...  [more...]
The Initial Public Offering (IPO) of Ridi Hydropower Development Company has been oversubscribed by 92 times. Bhisma Raj Chalise, CEO of Civil Capital Market - the issue manager f...  [more...]
Banks and financial institutions (BFIs) have been on a merger spree since Nepal Rastra Bank (NRB), the central bank, issued the Merger Bylaws, 2068 (BS), on May 2011. Mergers, NRB...  [more...]
Despite undergoing a prolonged credit demand crunch, commercial banks have been able to register decent growth in net interest income in the first half of the current fiscal year. ...  [more...]
The domestic car market witnessed a significant growth in sales in the first six months of this fiscal year. Automobile dealers say there has been a “steep rise” in dem...  [more...]
Profits of commercial bank s were up 18 percent to Rs 9.38 billion as of the second quarter due to higher interest earnings. Only one out of the 30 commercial bank s in the country...  [more...]
The country’s trade statistics is not that encouraging although the balance of payments (BoP) and foreign exchange reserve are in comfortable position. The overall BoP recor...  [more...]
Ridi Hydropower Development Company Limited’s Initial Public Offering (IPO) of 11.70 lakh units has already drawn 1.15 arba in just two days of its opening. “The IPO h...  [more...]
Representatives of 29 troubled financial cooperatives have reported to the office of the high-level commission formed to launch an inquiry into problematic savings and credit coope...  [more...]
Rastriya Banijya Bank (RBB) has decided to approach multiple institutional investors to offload its stake in Nepal Investment Bank Ltd (NIBL) and Nepal Housing Finance (NHF) after ...  [more...]
All stockbrokers will stop working on behalf of Nirmal Pradhan, a major player at the domestic stock market, from Sunday onwards until ownership of shares of Nepal Bangladesh Bank ...  [more...]
People who have parked at least Rs 1.38 billion in four troubled financial cooperatives may never be able to recover their money, as many borrowers who obtained loans from these in...  [more...]
Nepal Stock Exchange (Nepse) has classified altogether 130 companies as ´A´ class companies at the country´s sole bourse. Nepse has been classifying listed compa...  [more...]
State-owned Hydroelectricity Investment and Development Company Limited (HIDCL) is mulling over launching an ‘equity fund’ to pool money from retail and institutional i...  [more...]
Mega Bank has announced cash reward of Rs 300,000 to anyone giving information that leads to arrest of a fraudster who withdrew Rs 20 million from the account of Tourism Developmen...  [more...]
A proposed act on commodity exchange has envisioned forming a separate exchange market operator for the sector similar to the Nepal Stock Exchange (Nepse).  Apart from empower...  [more...]
To encourage individual and institutional investors to take advantage of the capital market, beed invest has launched an array of schemes. One of the leading portfolio management ...  [more...]
All types of development banks can provide banking services through limited banking outlets from now on. Issuing a circular, Nepal Rastra Bank (NRB) has permitted all types of dev...  [more...]
Nepal Rastra Bank (NRB) has decided to take over the management of Nepal Share Markets and Finance Ltd (NSMF), suspending the existing board, which has failed to rescue the crisis-...  [more...]
Car owners will be seeing a significant drop in their insurance bills from mid-February as the regulator has slashed the insurance premium rates. According to the fresh circular i...  [more...]
The stock market will soon list a sixth hydropower company, as Ridi Hydropower’s public offering has received the green signal from the regulator. Securities Board of Nepal ...  [more...]
Nepal Rastra Bank (NRB) on Tuesday took over the management of Nepal Credit and Commerce Bank (NCC Bank) as the former’s efforts to settle down the tussle between two promote...  [more...]
Average Nepali households are getting to avail cheaper home and auto loans, as the banks struggling with credit demand crunch have slashed the interest rates heavily. Of late, the...  [more...]
Central bank has postponed making electronically readable cheques mandatory for the second time. Issuing a circular, Nepal Rastra Bank (NRB) has directed the financial institution...  [more...]
The government has put state-owned banks and financial institutions (BFIs) out of the jurisdiction of the Public Enterprises Board (PEB) and barred it from appointing their chief e...  [more...]
Kumar Lamsal, the new CEO of Kist Bank, assumed office on Sunday. According to a bank statement, deputy CEO Ashok Sherchan also joined office from Sunday itself. Prior to this, Lam...  [more...]
NIDC Development Bank won’t be able to hand out the promised 133 percent bonus shares as it has not issued public shares yet. As per the Bank and Financial Institution Act (B...  [more...]
Nepal Rastra Bank ( NRB ) has started work on drafting a new version of the Bank and Financial Institution Act (Bafia) prompted by the formation of a new Parliament after the secon...  [more...]
Nepal Stock Exchange (Nepse) slid 2.22 points to close at 781.46 points last week. The secondary market, which opened at 783.68 points on Sunday fell 3.21 points on Monday before g...  [more...]
A year after madding it mandatory for commercial banks (A class) to go through stress testing, the Nepal Rastra Bank (NRB) has extended the compulsory provision to development bank...  [more...]
The textbook theory that weak currency discourages imports seems to have proven true in Nepal’s case, as import growth rate has tapered in the first six months of the current...  [more...]
The primary subscribers of shares of microfinance institutions have seen their initial investment grow by multiple-folds in less than a year, with investors falling for their hands...  [more...]
The government is set to distribute social security allowances through banking system in three more districts from the current fiscal year. The Ministry of Federal Affairs and Loc...  [more...]
The number of troubled financial cooperatives is continuously rising in Kathmandu Valley, raising fears of safety of money parked by various depositors at these loosely regulated f...  [more...]
The government has asked the International Finance Corporation (IFC), which has applied for the issuance of local currency bonds, to specify the size of bonds, interest rate and pr...  [more...]
Almost half of the commercial banks, which announced benefits for their shareholders from the profit generated in fiscal year 2012/13, have preferred to distribute cash dividend ov...  [more...]
Nepal Rastra Bank has started preparing a draft of financial sector development strategy to further promote financial inclusion, modernise payment and settlement system, improve de...  [more...]
Florishing economic activities outside the Kathmandu Valley in the recent years have spurred the growth of lending from banks and financial institutions (BFIs) to the enterprise ou...  [more...]
Development banks and finance companies have started publishing their base rates with some of them reporting a base rate as high as 14 per cent. The base rates of national level d...  [more...]
Financial institutions bid for securities worth Rs 31 billion on the central bank’s new bout of reverse repo.The cash-flushed 20 financial institutions offered Rs 31.4 billio...  [more...]
NIBL Capital Markets Ltd, a subsidiary of Nepal Investment Bank Ltd, has signed agreements with two hydropower companies -- United Modi Hydropower Pvt Ltd and Api Power Company Ltd...  [more...]
Bhuvan Kumar Dahal has been appointed the CEO of Sanima Bank.The meeting of Board of Directors of the bank held on Tuesday appointed Dahal to the post.  He has been handed a ...  [more...]
The current bull market seems to have caught the fancy of investors outside the Capital, as trading outside Kathmandu accounted for one-tenth of the total trading undertaken in the...  [more...]
The Credit Information Bureau (CIB) is soon setting up a separate unit to keep record of various movable assets, like shares and tradable goods, pledged as collateral to obtain loa...  [more...]
Commercial banks ’ credit disbursements have overtaken deposit mobilisation after the Constituent Assembly elections. In the period between November 22 and January 10, banks...  [more...]
The first commercial bank to publish its second quarter financials this season has failed to maintain the spread rate under the regulatory bracket. Citizens Bank International &md...  [more...]
Acting on a decision of the Appellate Court Patan, Nepal Rastra Bank (NRB) has told Himalayan Bank and the Bank of Kathmandu to deposit a sum equivalent to the counter guarantee th...  [more...]
Finance Minister Shankar Prasad Koirala said on Tuesday that the government has adopted a policy aimed at reducing its stake in the state-owned banks to pave the way for efficient ...  [more...]
In line with the international practice, the mutual fund managers and sponsors in the country will now be required to be rated for their credit worthiness by a rating agency. Capi...  [more...]
The central bank will be managing Nepal Bank Ltd (NBL) till the end of the fiscal year. Nepal Rastra Bank (NRB) has decided to stick with the bank till it gets its capital adequac...  [more...]
Nepal Rastra Bank (NRB) has once again postponed letting go of the management of Nepal Bank Limited (NBL) for another six months. The central bank was scheduled to stop looking aft...  [more...]
Most of the Financial Intermediary NGOs (FINGOs) licensed by the Nepal Rastra Bank (NRB) are mulling over the merger option after the central bank came up with a policy to convert ...  [more...]
Half a year has come to pass, yet banks are facing problems disposing the surplus funds profitably due to dwindling demand for credit. The difficulty facing banks in disposing liq...  [more...]
The public oversubscribed the primary issue of Century Commercial Bank by more than 22 times the offered amount. “The final tally of the bank’s Initial Public Offering...  [more...]
While financial institutions are dependent on the capital for deposits, other areas have started to challenge the Valley’s dominance over loan disbursement. Kathmandu area...  [more...]
The high-level commission formed to probe troubled cooperatives on Thursday ordered the promoters of another 25 companies to appear before it and explain their financial status and...  [more...]
Public-oriented debt instruments have failed to tempt general investors as the public possesses less than one-tenth of such bonds issued in the last half decade. In the last five ...  [more...]
 In a move that could cheer customers but annoy banks , the Nepal Rastra Bank (NRB) is planning to prohibit banks and financial institutions from charging service fees to cust...  [more...]
Backed by positive political developments, optimism is back in the capital market. This is what the first half of the current fiscal year has illustrated. With investors on a buyi...  [more...]
Nepal’s economic freedom score fell by 0.3 point to 50.1 this year, as the country failed to curb corruption, make necessary changes to stringent labour laws and ensure inves...  [more...]
Depositors will soon be free from paying any additional service charge or fee to maintain a bank account. Central bank has prepared draft guidelines regarding consumer protection ...  [more...]
In a bid to control exploitation of lower rung employees at banks and financial institutions (BFIs), Nepal Rastra Bank (NRB) is coming up with a guideline on salary of staff member...  [more...]
Average salaries of people employed in public and private sectors went up by 11.7 per cent during mid-November 2012 to mid-December 2013, with employees of banks and financial inst...  [more...]
Pokhara: The 15th Annual General Meeting ( AGM ) of  Machha-puchhre Bank on Monday endorsed a proposal of allowing the bank’s board to merge with any other bank and fina...  [more...]
The Initial Public Offering (IPO) worth Rs 92 crore issued by Century Commercial Bank Limited is likely to oversubscribed by 18 times if the latest information being compiled by th...  [more...]
The launch of new mutual fund schemes worth Rs 1.8 billion has hit a snag as the regulator is planning to impose credit rating of fund managers and sponsors. Siddhartha Capital, N...  [more...]
The government from today started depositing pension funds of retired civil servants throughout the country in their bank accounts. The service was launched by chief secretary Leel...  [more...]
To attract more diverse companies in the capital market, the regulator is ready to allow companies to float shares at a premium price.The proposed amendment of Securities Registrat...  [more...]
Central bank is all set to introduce the eighth round of reverse repo as excess liquidity is still bugging the financial sector.“Nepal Rastra Bank (NRB) will use the instrume...  [more...]
Rastriya Banijya Bank (RBB) has decided to sell to the highest bidder its 5.84 million promoter shares of Nepal Investment Bank Limited (NIBL) and Nepal Housing Finance Company. T...  [more...]
Century Commercial Bank will be launching the last big public offering of a commercial bank from Thursday. The bank will offer 9.2 million units of ordinary shares worth Rs 920 mi...  [more...]
The central bank has opened up exchange facility for the world’s two most expensive currencies — Kuwaiti Dinar and Bahraini Dinar — from now on. Nepal Rastra Ban...  [more...]
Despite more than Rs six billion worth of deposits still stuck at troubled financial institutions, the central bank has yet to take any concrete action to decide on their fate. Th...  [more...]
Kist Bank has appointed a new chief executive, six months after its former CEO resigned following accusations of being involved in insider lending. The bank’s board has appo...  [more...]
Civil Bank has introduced a new product — Mobile Mai Nagad —on the occasion of New Year 2014. This product has a complete range of financial services such as deposit, w...  [more...]
Despite excess liquidity, depreciation of Nepali currency against US dollar, record high trade deficit and continuation of low performance in capital spending, the year 2013, has e...  [more...]
Although commercial banks are battling against the central bank’s decision to contain interest spread at five per cent, their first quarter financials show the net spread to ...  [more...]
Banks and financial institutions (BFIs) have started approaching stock investors for margin lending - loan against share certificates as collateral, thanks to excessive liquidity i...  [more...]
Nabil Bank Limited has decided to offer 40 percent cash dividend and 25 percent stock dividend to its shareholders. The Nepal Rastra Bank has already approved the Nabil board&rsquo...  [more...]
Century Commercial Bank has introduced “Century IPO investment saving deposit account”. The bank said it will provide 6.25 percent interest and the account can be opene...  [more...]
Central Bureau of Investigation ( CIB ) of Nepal Police on Friday arrested Shivaji Ray Yadav, chief executive officer of NIDC Development Bank, on charge of financial crime when he...  [more...]
Shareholders of Nepal Investment Bank Ltd (NIBL) will be receiving 35 per cent dividend from the profit earned by the bank in the last fiscal year. The largest bank in terms of ca...  [more...]
The government has planned to partially implement the International Financial Reporting Standards (IFRS) to strengthen the accounting system in various sectors of the economy. The ...  [more...]
BIRATNAGAR/NEPALGUNJ: Banks and financial institutions across the country have expressed serious concern about security after bank cash was robbed in Kailali and Makawanpur. On De...  [more...]
The number of listed companies that have agreed to dematerialise their shares at CDS and Clearing Ltd (CDSC) has reached 16. Nepal Life Insurance Company has become the latest com...  [more...]
The Nepal Stock Exchange (Nepse) plunged 26.47 points on Monday to close at 768.72 points. The loss for the second day in a row came after the central bank hinted at curbs on mar...  [more...]
Nepal Bankers’ Association ( NBA ) has formally written to the Nepal Rastra Bank (NRB), stating that they are unable to reduce the spread rate of interest to 5 percent.The ce...  [more...]
Nepal Rastra Bank ( NRB ) has allowed branches of commercial banks to deposit cash and make transfers and withdrawals also from banks where it has maintained a note fund, said the ...  [more...]
Nepal Rastra Bank ( NRB ) has expressed concern at the bull run in the Nepal Stock Exchange (Nepse) that it may be headed towards a bubble. The Nepse index soared to a five-year hi...  [more...]
Citizens Bank International will soon launch first corporate debenture issue of the current fiscal year. The bank will issue the seven year corporate bond — Citizens Bank De...  [more...]
The NIC Asia Bank board at its meeting held today has decided to recommend a cash dividend of Rs 20 per share for the year 2012-2013, subject to approval of Nepal Rastra Bank and t...  [more...]
Nepal Rastra Bank (NRB) governor Yuba Raj Khatiwada has said that the central bank was encouraging mergers between banks to minimize the cost and optimize efficiency of the banking...  [more...]
The government has decided to form a taskforce to formulate Financial Sector Development Strategy.A meeting of the High-level Financial Management Committee held on Tuesday at the ...  [more...]
Banks have slashed their fixed deposit rates amidst the rising difficulty in disposing excess funds. The 31 commercial banks are offering 6.2 per cent interest on average for fixed...  [more...]
Banks have slashed their fixed deposit rates amidst the rising difficulty in disposing excess funds. The 31 commercial banks are offering 6.2 per cent interest on average for fixed...  [more...]
Nepal Rastra Bank lit fire to bank notes worth Rs 26.96 billion of various denominations in the last fiscal year, after they were used beyond repair and no longer fit for circulati...  [more...]
The World Bank (WB) and International Monetary Fund (IMF) are all set to start a comprehensive and in-depth analysis of Nepal’s financial sector. At the joint request of the...  [more...]
Lending to the agriculture sector by financial institutions has doubled in the last two years. However, achieving the regulator’s prescribed mark still seems to be far off ta...  [more...]
The merger bandwagon is rolling at full speed in the banking sector with Lumbini Bank and Manjushree Finance being the latest to announce a tie-up. The two companies signed a memor...  [more...]
The Basel III regulatory measures are expected to have less impact on the earnings of Nepali banks compared to their counterparts in the developed world as local institutions are l...  [more...]
Nepal Rastra Bank has made it more difficult for high-ranking officials and their family members to open a bank account and conduct banking transactions, in an attempt to control f...  [more...]
About two and a half dozen financial institutions are scrambling to conduct their annual general meetings (AGM) in the next one month to meet the regulator’s fixed deadline. ...  [more...]
Mega Bank Nepal has extended the term of its existing CEO Anil Keshary Shah. The bank decided to extend his term by another four years till December 9, 2017, during the bank’...  [more...]
As economic activities resumed its normal pace following a stalemate during the election, lending by banks seems to be a bit stimulated. In the week following the election results...  [more...]
To channel inbound remittance through formal financial route, experts have suggested remitters and financial institutions to utilise mobile banking technology. “To promote f...  [more...]
The commercial bench of Patan Appellate Court today sent six defendants in a bank fraud case to jail after they failed to post the bail amount of Rs 8.5 million set for each by the...  [more...]
NIC Asia Bank awarded the prestigious 'Bank of the Year 2013- Nepal' from The Banker-Financial Times, London NIC Asia Bank Ltd. has received the prestigious ‘Bank of the Yea...  [more...]
To avoid any sort of insider trading or price manipulation, the stock exchange has asked listed companies to inform it about any sensitive information that might affect share price...  [more...]
Haunted with excess liquidity, the financial institutions are ready to lend to the government at near zero interest rates. By lending Rs 1.1 billion to the central bank, a bank wi...  [more...]
Nepal Rastra Bank (NRB) has put in place stringent code of conduct for its employees assigned to supervise banks and financial institutions (BFIs). In the “NRB Monitoring an...  [more...]
The central bank is issuing another round of reverse repo as the amount of loanable funds in the banking system remains at surplus. Nepal Rastra Bank will be undertaking the fifth...  [more...]
Sindhuli:The people of Sindhuli district in the inner Tarai region of Janakpur zone are hopeful about possible economic boom as three national highways are all set to intersect in ...  [more...]
The banking sector struggled to lend during the first quarter of the current fiscal year due to sluggish growth in lending during the period, show Nepal Rastra Bank statistics. A,...  [more...]
A large number of cooperatives operating in Kathmandu district have been found not abiding by the standards fixed by the regulator. Major problems seen in these cooperatives includ...  [more...]
The International Monetary Fund (IMF)’s deputy managing director has advised some tightening of liquidity conditions to guard against risks of rising inflation and to reduce ...  [more...]
Twenty-eight commercial banks have reported a 13.99 percent rise in cumulative net profit to Rs 3.37 billion in the first quarter of the current fiscal year. The banks had registe...  [more...]
Nepal Rastra Bank governor Dr Yuba Raj Khatiwada has stressed on the need to raise the contribution of non-tax revenue to the total revenue of the government. “The ongoing p...  [more...]
The Rs 3 billion worth of development bonds issued by the government on Thursday have been massively oversubscribed. The central bank, which acted on behalf of the government, was ...  [more...]
In what turned out to be the second bank to bank merger, Global IME Bank and Commmerz and Trust Bank agreed to become one on Sunday. Global IME Bank Chairman Chandra Prasad Dhakal ...  [more...]
The government plans to issue development bonds worth Rs 3 billion on Nov 14 to raise internal loans despite having a large amount of unspent cash in its coffers. The government w...  [more...]
The government has formed a high-level commission led by former Special Court chairman Gauri Bahadur Karki to assess the financial situation of troubled cooperatives .Other members...  [more...]
Nepal Rastra Bank ( NRB ) has allowed money transfer agencies and money changers to sell their foreign currency to the central bank too. Earlier, they could do so only to commercia.