In Nepal Financial Post has published a list of 10 largest cooperatives in the country based on total assets. Of the 10 cooperatives, naturally, the most i.e. 6 savings and loan cooperatives have been included in the list. The list includes 2 multi-purpose and 2...
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Kathmandu: 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....
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Kathmandu. Fixed interest rate of 9.49 percent. Global IME Bank Limited has announced Green Drive Scheme at minimum interest rate to promote electric vehicles under auto loans.Under this Green Drive scheme, a loan will be available at a fixed interest...
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BAFIA : Bank and Financial Institutions Act 2073Kathmandu - A bill to amend the Bank and Financial Institutions Act (Bafia), 2073 has been registered in the Parliament. The Ministry of Finance has registered the bill in the House of Representatives with...
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In 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...
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Kathmandu. 14 candidates have been nominated for the director post of Nepal Investment Mega Bank. Election officer Shiv Kumar Shrestha informed that 14 people have applied to become the director of the bank.According to the election officer's office, 11 people...
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Kathmandu. On the second trading day of the week, the Nepal Stock Exchange (NEPSE) increased by a few points. The NEPSE index increased by 3.27 points or 0.15 percent to reach 2073.53 points.On this day, the sensitive index of strong and...
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Kathmandu. 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...
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Kathmandu. 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...
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Kathmandu. The stock market rose by 50 points this week. On the last day of last week, Nepal Stock Exchange (NEPSE) index was 2 thousand 30.55 points, this week NEPSE index increased by 50.32 points and closed at 2 thousand 80.87 points. 15 and a...
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Kathmandu. 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'.
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Kathmandu. Now it is possible to send money from India to the bank account of Nepal. Nepal Rasht Bank issued a circular under the Indo-Nepal Remittance Facility Scheme. Remittance from India to Nepal, as per the agreement of Nepal Rastra Bank and Reserve Bank of...
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Kathmandu. 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...
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Kathmandu. Nineteen people, including the former deputy governor of Rashtra Bank, have applied to become the chairman of the Securities Board of Nepal (SEBON). Till the last day, 19 people including former Deputy Governor of Nepal Rastra Bank Shivraj Shrestha has applied.
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Kathmandu. 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...
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