Category/exclusive-news (Total Articles : 2595 )
Prabhu Bank's profit increased by 68.45 percent and Net worth per share 153
Kathmandu. Prabhu Bank has earned a profit of Rs 2.1 billion in the fourth quarter of the last fiscal year. The bank has increased its profit by 68.45 percent in the last fiscal year. Last year, the bank had earned only Rs 1.19 billion.
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Machhapuchhre Bank's profit increased by 29.36 percent
Kathmandu. Machhapuchhre Bank has earned a profit of Rs 1.63 billion. Such figures have been made public by releasing unrevised financial statements up to the fourth quarter of the last fiscal year. The bank's profit is 29.36 percent higher than the same period of the...
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Sanima Life's IPO Distribution, only 540,000 people got 10 lots share
Kathmandu. Sanima Life Insurance has distributed its initial public offering (IPO) to the public. At the rate of 10 lots, only 540,000 people have received shares through round robin.More than 2.419 million 848 people had applied for the IPO in...
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Now microfinance can also issue bonds
Kathmandu. Now, microfinance financial institutions will also be able to issue bonds. Governor of Nepal Rastra Bank Maha Prasad Adhikari said that the monetary policy for the current fiscal year will be made public.At the same time, microfinance institutions will...
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Share loans encouraged to small investors
Kathmandu. Nepal Rastra Bank (NRB) has taken a policy to encourage small investors in the share market to extend credit. Announcing the monetary policy, Governor Maha Prasad Adhikari has set limits to control the share loan flowing to big investors.A...
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Monetary policy: Interest on loans may increase
Kathmandu. Nepal Rastra Bank has projected that the interest rate on loans may increase in the current fiscal year. As liquidity in the market is declining, interest rates are projected to rise.Governor of Nepal Rastra Bank Maha Prasad Adhikari made...
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Monetary policy 2078 : CD ratio 90 percent and CCD is out
Kathmandu. Nepal Rastra Bank (NRB) has removed the provision for capital loan deposit (CCD) ratio for banks and financial institutions. NRB is going to make such policy arrangement saying that more capital is needed in the economy.The monetary policy stipulates...
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SBI Bank wins 'Best Corporate Banking Solution Nepal Award'
Kathmandu. Nepal SBI Bank has received the 'Best Corporate Banking Solution Nepal Award 2021'. The award was presented to the bank by London-based Capital Finance International (CFI CO).The award is given annually by the CFI CO on the basis of...
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Monetary policy: Bumper 'offer' to banks and financial institutions for big merger
Kathmandu. Nepal Rastra Bank is going to provide nine different types of facilities to banks and financial institutions for merging.Monetary policy has encouraged banks and financial institutions to merge for sustainable and inclusive development of the financial sector and increase...
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Monetary policy: A single bank can lend up to Rs 2 billion
Kathmandu. Banks and financial institutions have to provide loans at easy interest rates for industrial promotion.The monetary policy of the current fiscal year released by the central bank today will allow an additional two percent premium to be added to...
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Banks will be able to invest up to 5 lakh loans to farmers through cooperatives
Kathmandu. Nepal Rastra Bank has made arrangements for banks and financial institutions to disburse loans to farmers through cooperatives. Through the monetary policy of the current Fiscal Year, the banks have made arrangements to provide indirect credit to the farmers.Arrangements...
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India's cabinet approves LIC's IPO
Agency. India's Union Council of Ministers has approved the IPO of the country's largest insurance company (LIC). Following the IPO approval, a committee headed by Union Finance Minister Nirmala Sitharaman will now decide on the size and price of the IPO. At present, the Government...
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Share collateral loan up to a maximum of Rs 120 million
Kathmandu. Nepal Rastra Bank has made an arrangement for an institution or an individual to get a share pledge loan limit of up to Rs. 120 million at most. Such loans will be available from a bank only up to a maximum of Rs 40...
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Mega Bank increased net profit by 45.16 percent
Mega Bank Nepal Limited has disbursed Rs. It has made a net profit of over Rs 2.30 billion. According to the financial statement of the public bank, the net profit increased by 45.16 percent last year compared to the same period of the previous year....
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Laxmi Bank earned Rs 1.54 billion profit but Interest income declined by 7 percent
Laxmi Bank Ltd. had a net profit of Rs. It has made a net profit of over Rs 1.54 billion. According to the bank's financial statements for the period released on Friday, the net profit has increased by 9.20 percent last year as compared to...
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