Category/business-economy (Total Articles : 104 )
Microfinance companies profits has decreased, Find the Financial Reports of FY 2079/080
Kathmandu. Due to the increase in bad loans, the profits of most microfinance companies have declined. According to the details up to the first quarter of the current financial year published by microfinance, the profits of 18 companies are negative. In the period up to...
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Banks of Nepal profit comparison in first quarter 2080/081 : NIMB Vs Nabil and Global IME Bank with as Himalayan and Prabhu Bank are more Aggressive
Kathmandu. Among the operating commercial banks, Nepal Investment Mega Bank (NIMB) has earned the highest profit. The first quarter financial statements of the current financial year 2080/81 published by the banks on Friday showed this. According to the details, NIMB is ahead in terms of...
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'SIM Swap Fraud' scams in India : 8 million Indian rupees lost from the bank account after a missed call on the mobile phone
Kathmandu. A lawyer in the capital of India, New Delhi, has become a victim of a 'phone hacking scam' or a 'SIM swap' incident. An unauthorized person gained access to the SIM card in the woman's name and stole 50 lakhs (Rs 80 lakhs) from...
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Turkey's central bank hikes interest rate by 35% to control inflation
Kathmandu. Turkey has increased the bank interest rate to 35 percent. Earlier it was 30 percent. Turkey's currency, which is moving in the opposite direction to the principles of economy, is the weakest in history. Turkey's central bank hiked interest rates again on Thursday, pressing...
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Hydropower companies rights shares are being issued as 11 billion worth
Kathmandu. 11 companies related to different sectors are preparing to issue rights shares. 10 hydropower companies and one development bank are waiting for the permission of the Nepal Securities Board (SEBON) for the issuance of rightful shares in the pipeline. According to which, those companies...
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Gold prices highest recorded in Nepal, Per tola is 1 lakh 16 thousand rupees
Kathmandu. A new record has been set in the price of gold in the market. Gold prices set a new record on Friday. According to the Nepal Gold and Silver Traders Federation, today the price of gold has reached 1 lakh 16 thousand rupees.
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Nepal's economic growth will be limited to 0.8% - IMF
Kathmandu. The International Monetary Fund (IMF) has predicted that Nepal's economic growth will be limited to 0.8 percent in 2023. Last April, the IMF predicted that Nepal's economic growth would be 4.4 percent in 2023. The IMF has projected that it will be reduced...
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Challenges in the Nepalese economy but there is great potential for economic growth: Haruhiko Kuroda, Former Governor of the Bank of Japan
Kathmandu. Haruhiko Kuroda, the former governor of the Japanese central bank, Bank of Japan, has said that although there are some challenges in Nepal's economy, there is great potential for economic growth. Kuroda, who is also the former chairman of the Asian Development Bank, said...
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The share mortgage loan limit in Nepal has been increased to 20 crores
Kathmandu. Nepal Rastra Bank has increased the share mortgage loan limit of 12 crores. Rastra Bank today issued a unified directive and increased the limit for both individuals and institutions. According to which the maximum single obligor limit for margin loans from any or all...
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How much right share issuing 10 Insurance companies of Nepal ?
Kathmandu. Out of the companies doing life and non-life insurance business, 10 companies are going to issue rights shares. With the approval of the Nepal Insurance Authority, a total of 10 insurance companies, 5 for life insurance and 5 for non-life insurance, will be allowed...
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How much Impairment Charges of commercial banks of Nepal ?
Kathmandu. Due to the increase in bad loans in banks, the expenses allocated for the management of the banks have increased by 94.26 percent in the last financial year. In the previous financial year, the amount of 13 billion 34 billion rupees and 85 billion...
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Highest Bad loan rates of commercial banks of Nepal is Kumari, Prabhu, Himalayan and Nepal Investment Mega Bank
Kathmandu. Due to borrowers not paying principal and interest on time, bad loans of banks have increased. Such poor and bad loans are called non-performing loans (NPL). In one year, the non-performing loans of some banks have doubled. According to the financial statements of the...
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Why is the US Federal Reserve bank currently raising interest rates in USA ?
Kathmandu. The US central bank has raised interest rates to the highest level in 22 years as it fights to stabilize prices in the world's largest economy. The decision lifted the Federal Reserve's influential benchmark rate to a range of 5.25% to 5.5%.
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Sun Nepal Life's IPO allotment and applicant got 50 unit shares
Kathmandu. The IPO allotment of Sun Nepal Life Insurance has been completed. The company has received labor approval from the relevant body of the Nepal government and will issue 960,000 shares at a nominal price of Rs. 100 In addition, a total of 239...
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Nepal Life Insurance's 'Business Excellence Conference' Completed with grandeur, honors and awards in 37 categories
Kathmandu. The three-day 'Business Excellence Conference' of Nepal Life Insurance Company has been completed. The conference was held at Sauraha in Chitwan with the slogan "Powerful Aggressive Policy". More than 230 employees working in sales and marketing from all over the country participated in the...
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