Kathmandu. Nepal Rastra Bank has sanctioned four commercial banks and two development banks. Rastra Bank has taken action against Prime Commercial Bank, Kumari Bank, Nepal Investment Mega Bank, Lakshmi Sunrise Bank, Lumbini Development Bank and Excel Development Bank.In the third quarter of the year 2080/81,...
Read MoreKathmandu: The base rate of all 20 commercial banks for the month of Baisakh has come to a single digit. Compared to March, the average base rate of commercial banks has decreased by 0.30 percentage points in May. The average base rate of commercial banks...
Read MoreKathmandu. In the third quarter of the current financial year 2080/81, the distributable profit of most of the commercial banks is negative. According to the statistics of the financial statements released by the banks, the distributable profit of 10 commercial banks is negative and 7...
Read MoreKathmandu. Goods worth more than 11.5 billion have been imported till March of the current financial year. According to the data released by the Customs Department, the import in March decreased by 2.84 percent to 11 trillion 67 billion 3698 million rupees.
Read MoreKathmandu: As the share prices of commercial banks are decreasing in the secondary market and their PE ratio is also decreasing. According to share 'Screening Software Smart Wealth Pro', according to the share price of Chaitra 2080, the PE ratio of the bank group is...
Read MoreKathmandu: Bad loans of development banks have exceeded 27 percent. According to the latest data published by Nepal Rastra Bank, the NPL of banks has reached 27.75 percent.The impact of economic recession is now seen in the entire financial system....
Read MoreIn the bill to amend the Act on Banks and Financial Institutions, 2073, a provision has been proposed that digital banks can also conduct banking and financial transactions.In the bill registered in the House of Representatives, it is proposed that...
Read MoreKathmandu. The 'Management Summit-2024' organized by the National Commercial Bank has been completed. The program was completed after extensive discussion among economists, banking experts and entrepreneurs about the problems and challenges seen in the national economy and banking sector. The program was organized by the...
Read MoreKathmandu. Nepal Rastra Bank is celebrating the project 'Global Money Week - 2024' in national coordination. Rastra Bank is celebrating Money Week with the main slogan 'Start from youth, strong foundation from savings'.Money Week is a week-long program related to...
Read MoreKathmandu. The 'First Cooperative Digital Conclave' held in Kathmandu under the organization of the National Cooperative Federation has been completed with the issuance of a seven-point commitment letter. The conclave, which started on Thursday with the theme 'Digitizing Co-operative: Achieving Vision 2030'.
Read MoreKathmandu. In the 7 months of the current financial year 2080/81, commercial banks have made a profit equal to 35 billion rupees. According to the statistics published by Nepal Rastra Bank, 20 commercial banks have made a net profit equal to 35 billion 49 billion...
Read MoreKathmandu. Most of the banks have reduced the interest rate of fixed deposits for the month of March. Commercial banks, which have been continuously reducing interest rates since the liquidity eased recently, have also reduced them in March.The interest rate...
Read MoreKathmandu. Development banks have reduced interest rates for the month of March. As the liquidity in the banking sector becomes easier, the development banks are also continuously reducing the interest rates. The continuously decreasing interest rate has been continued even in March. The interest rate...
Read MoreThe banker focus into 'balance sheet management'Kathmandu. Banks and financial institutions, which were once aggressive in business expansion, are now engaged in balance sheet management. As bad loans are increasing every month, the bankers are taking up balance sheet management....
Read MoreKathmandu. The International Finance Corporation (IFC), a member of the World Bank Group, has signed an agreement to invest 56 million US dollars in Global IME Bank Ltd. This investment will be mobilized to increase financial access to small and medium enterprises, including businesses run...
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