Banks reducing interest rates on deposits from July

Banks are preparing to reduce interest rates on savings from July as loans continue to decline but deposits continue to rise.The loan amount is declining now than before the lock-down. Deposits are growing at a relatively high rate. On the...

Gold prices hit a new record, Per tola Rs 91,300

Gold prices hit a new record on Sunday. According to the Federation of Nepali Gold and Silver Entrepreneurs, the price of gold reached an all-time high of Rs 91,300 on Sunday.The price of gold, which was traded at Rs 90,600...

Share Bazar opened and electronic trading will be encouraged

Kathmandu. The Nepal Securities Board (NSB) has decided to open the share market from Monday.The stock market, which was closed on April 26 due to the Corona epidemic, was reopened on April 20. But after two days of trading, the...

NRB issued new circular on electronic payments

Nepal Rastra Bank has issued new instructions for payment of electronic system. The directive has made provision for electronic payment up to Rs 1 million. The move by NRB, which has been simplifying and simplifying the electronic payment system due to the corona virus, will...

NIC Asia Microfinance IPO can be Apply up till July 30

Kathmandu. NIC Asia Microfinance Institution has opened 9 IPOs of ordinary shares from today.47.55 million ordinary shares worth Rs. 475.5 million have been opened. Ordinary share sale has been opened at the rate of Rs 100 per share.

The bank's branch expansion plan Stopped due to Corona

Kathmandu. Due to the Corona epidemic, the expansion of bank branches at all local levels has been stopped. The Nepal Rastra Bank (NRB) had set a target of extending the branches of commercial banks to all local levels as per the plan to provide banking...

One Cover Signs MOU With TechCERT

A Memorandum of Understanding (MOU) was signed between two parties - One Cover Pvt. Ltd. and TechCERT to collectively work as consultants for carrying on the business of providing cybersecurity assessments, consultancy, and managed security services.

Gold prices high Recorded at Rs 91,000 per Tola

The price of gold has reached Rs 91,000 per ounce. This is still high. It has increased by Rs 400 per ounce as compared to the previous day.The Nepal Gold and Silver Federation has stated that the price of gold...

10 thousand exceeded Corona infected in Nepal

Kathmandu. A total of 538 people have been infected with the corona virus in Nepal on July 26, 2077 BS and the total number of infected people has exceeded 10,000.The total number of corona infections in Nepal has reached 10,099....

2 Billion connect-IPS daily transaction in Lockdown Nepal

Demand of Bankers Association : To start bancassurance service and not to blame bankers

Banks have demanded the resumption of bancassurance services and not to impose banking offenses on the basis of the banker's signature. The Bankers' Association has submitted suggestions to the Nepal Rastra Bank for the monetary policy for the...

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...

IPO of Rs 4.30 billion is coming, Ready for apply

4 billion 300 million 2 million 26 thousand are in the pipeline for approval in the IPO board. Most of the people in the pipeline are hydropower companies.Similarly, IPOs of one insurance company, one merchant bank, two microfinance companies are...

State published annual budget 2077/78, Priority control to Corona Covid-19

The government has made public the budget of the state for the fiscal year 2077/78. For the Fiscal Year 2077/78, all the seven state governments have allocated budget by giving priority to control of Corona epidemic.Bagmati State budget...

The bank's spread rate comes to 4 percent - Finance Minister

Kathmandu. Finance Minister Dr. Yuvaraj Khatiwada has said that the spread rate will fall to 4 percent by mid-July.The spread rate, which was 8-9 percent, is now around 5 percent.The Finance Minister said that the...