Oversubscribed Jyoti Life Insurance IPO, 1.8 Million Applied

Kathmandu. More than 1.8 million people have applied for the initial public offering (IPO) issued by Jyoti Life Insurance. Which is  the highest application in the history of Nepal.Till the last day of IPO issuance, 18 lakh 4 thousand 348...

Highest IPO issuing Infrastructure Development Bank of Nepal financial status

Kathmandu. Nepal Infrastructure Bank Limited has projected to increase its capital by 8 percent within the next fiscal year. The company, which is preparing to sell 80 million IPOs in the primary market so far, has raised its paid-up capital to Rs. It is projected...

Reinsurance company Share Price increased by 500 percent in two months

100 million shares of Nepal Reinsurance Company were listed on May 11. After that, share trading started on July 30. On the first day of trading, it fell by 10 points to Rs 382 in 40 minutes.The company had opened...

Share prices of commercial banks raised 10 percent

Kathmandu. After the announcement of the monetary policy for the current Fiscal Year 2077/78, the share trading market has seen an unprecedented rise.Within an hour, the Nepse index rose 6 percent and the rest of the trading was postponed. On...

2 Billion connect-IPS daily transaction in Lockdown Nepal

Progressive's new deposit scheme, insurance facility of 1 lakh and discount 2% on loan Interest

Kathmandu. Progressive Finance's new deposit scheme on Arogya Savings Account . The new deposit scheme is aimed at minimizing the risk of the current corona virus epidemic.Accordingly, insurance facility of up to Rs. 1 lakh will be provided based on...

21 Development Bank's profit increased by 10.39 percent

In the third quarter of the current fiscal year, the profit of 21 development banks has increased by an average of 10.39 percent. The profit growth rate of development banks is 2.36 percent higher than that of commercial banks.In the third quarter, 21 development...

Corona impacts, Rs 168 billion loss on economy: NRB

This is stated in the third quarterly review of the monetary policy of Nepal Rastra Bank (NRB), which has caused a loss of more than Rs 168 billion to the Nepalese economy due to the corona virus infection. With an average economic growth of 7.3...

10 life insurance companies's earn profit Rs 950 million

Kathmandu. The total profit of the ten new life insurance companies in the first nine months of the current fiscal year has been Rs. 946.6 million. The same insurance companies had earned Rs 884.7 million in the same period last year. The average profit of...

Corona's impact 70 % of Dubai's companies could close within six months

According to a survey by the Dubai Chamber of Commerce, about 70 percent of Dubai's business could be shut down in the next six months due to the corona virus epidemic. According to more than 90 per cent of companies in...

Development Bank earns Rs 4 billion profit: Growth rate 7.78 percent higher than commercial bank

Kathmandu. As of mid-April 2020 of the current fiscal year, 10 national level development banks have earned net profit of around Rs 4 billion.The 10 operating development banks have earned a profit of Rs 3.92 billion as of mid-April. Profit...

21 commercial banks reduce the base rates

 More benefit to  borrowersKathmandu. The base rate of 21 commercial banks has decreased in April. The base rate of Nepal Investment Bank has remained the same while the base rate of the remaining five banks has increased.Bank of...

Inflation 6.74 percent in lock-down: consumer goods more expensive

Kathmandu. Consumer prices have risen due to the government's crackdown on corona virus (Covid -19 ) prevention.According to the data released by Nepal Rastra Bank, the annual point-based consumer price inflation stood at 6.74 percent in April. Such inflation was 4.44...

Covid-19 effect: 88 trillion dollar loses in worldwide

The Asian Development Bank (ADB) has projected the global economy to lose up to 88 trillion dollar due to the effects of the Covid-19 virus caused by the corona virus. This is more than twice the ADB's own projection last month.

Mega Bank and Gandaki Bikas Bank's acquisition process, The swap ratio at 1:1.

Mega Bank Limited (MEGA) and Gandaki Bikas Bank Limited (GDBL) have announced that a Special General Meeting...