Category/exclusive-news (Total Articles : 2442 )
PAN mandatory for 50 lakhs Fixed Deposit in commercial banks of Nepal
Banks and financial institutions need a Permanent Account Number (PAN) if they have deposits of more than 50 lakhs rupees. The Nepal Rastra Bank issued a directive on Thursday, making PAN mandatory for deposits above 5 million rupees. Nepal Rastra Bank has introduced a system...
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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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Banks in Nepal : 'C' category banks cannot exchange foreign currency
Kathmandu. 'C' category banks are not allowed to exchange foreign currency. Nepal Rastra Bank issued a unified directive said that 'C' category banks will not be allowed to exchange foreign currency. Nepal Rastra Bank has introduced a system to make it easier for industrialists...
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Nepal Investment Mega Bank's Branch Manager Nirajan Devkota committed suicide note was found
Kathmandu. Senior managers of Nepal Investment Mega Bank have committed suicide after mental stress with intense pressure. Nirajan Devkota, the head of the Hetauda branch of the then Mega Bank, committed suicide by jumping into the Trishuli river in Dhading, which is coming to Taralabhel...
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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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Mahaprasad Adhikari signature new note of Rs 20 circulation in Nepal
Kathmandu. Nepal Rastra Bank has introduced a new note of Rs 20. In the currently circulating 20 rupee note, the previous governor Dr. Signed by Chiranjeevi Nepal. The Central Bank has brought the notes signed by the current governor officer into circulation.
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Highest FD Interest Rate of Commercial Banks in Nepal
Kathmandu. As of the of August 2023, commercial banks in Nepal are providing 9.99% in FDs. Previously, it was 12.133% in annual interest on fixed deposits as of 1st January 2023. In the coming August, banks will provide maximum interest rate up to 10.896 percent...
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Commercial banks FD interest rate in Nepal has Increased, Which Bank Is Highest ?
Kathmandu . The fixed deposit interest rate in Nepal has always been discussed as one of the most profitable investments in Nepal. A Fixed Deposit (FD) is a type of financial instrument, provided by banks and other financial institutions, which offers investors a higher rate...
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Share loans Interest Rate of Commercial Banks of Nepal has decreased
Kathmandu. National Commercial Bank's interest rate on share mortgage loans is the cheapest in the banking sector. Similarly, Nepal Bank said that it provides share loans at a minimum interest rate of 11.94 percent. The bank calculates a premium rate of 2.5...
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Upasana Paudel become CEO of Himalayan Re Insurance, Who is Upasana Paudel ?
Kathmandu. Upasana Poudel will be appointed as the Chief Executive Officer (CEO) of Himalayan Reinsurance. The meeting of the company's board of directors held last week recommended the appointment of Paudel as CEO. The company source said that the recommendation has been sent to the...
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Commercial banks of Nepal in issuing Dashain News Notes, Now people will be able to exchange 18,500
Kathmandu. The number of printing of new notes will be reduced during Dashain. It is said that the National Bank is preparing not to send a large number of new notes to the market as in previous years. National Bank's priority is to reduce cash...
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What Is a Bond ? Bond Investments in Nepal
Kathmandu. The government bond is issued by Nepal Rastra Bank and traded in NEPSE (secondary market). The government bonds issued in Nepal are categorized under five types: Development Bond (DB), Citizen Saving Bond, Foreign Bond, Special Bond and National Saving Bond.
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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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