Kathmandu. The net profit of commercial banks has exceeded 57 billion. In the 10 months of the current financial year, banks have earned a net profit of 57 billion 17 billion 27 lakh rupees. This is shown by the data published by Nepal Rastra Bank...
Read MoreKathmandu. Laxmi Bank and Sunrise Bank will merge with each other and start integrated business from 24th June. The final agreement for the merger was signed between Lakshmi Bank and Sunrise Bank on Monday 8th May.Lakshmi Bank and Sunrise Bank,...
Read MoreKathmandu. Digital banking is a very recent phenomenon in Nepal. The era of modern banking in Nepal started with Nabil Bank introducing credit cards in the early 1990s. Himalayan Bank introduced ATM and Nepali credit card for the domestic market in 1995. In 2002, Kumari...
Read MoreKathmandu. A Fixed Deposit is an account opened with a bank wherein, the bank pays a guaranteed interest rate on the sums deposited in a Fixed Deposit account, for a stipulated period or tenure. Creating a Fixed Deposit allows you to higher...
Read MoreKathmandu. Sensex and Nifty have set new records in the Indian stock market. On Wednesday during the trading session, the Sensex crossed 64 thousand and reached a high point of 64 thousand 12.16 in the afternoon. Similarly, Nifty crossed 19,000 mark for the first time...
Read MoreKathmandu. The number of deposit accounts opened in banks and financial institutions has exceeded 50 million. This is more than 20 million 948 thousand than the total population of Nepal. This does not mean that banks have reached the reach of all Nepalis. A person...
Read MoreKathmandu. Niraj Pradhan, the main planner of the incident, among those arrested in the case of theft of customer's money from Everest Bank, has been sent to jail pending trial. He was sent to jail after the district court ruled that he should be sent...
Read MoreKathmandu. Banks and financial institutions also have to pay tax to Kathmandu Metropolitan City. Mayor Balendra Shah (Balen) while presenting the economic bill for the next fiscal year 2080/81 on Sunday said that now the banks and financial institutions within the metropolis will also have...
Read MoreEverest Bank Limited is opening vacancies for dynamic and self-driven IT professionals. Qualified and interested candidates may apply for the respective post and submit/upload a CV with copies of certificates/experience letters at the bank's official...
Read MoreKathmandu. Economic activity study report has been published. Nepal Rastra Bank has published a report on Tuesday after studying the half-yearly economic activity based on data from July to December of the current financial year 2079 and 80.The production of...
Read MoreKathmandu. Nabil Bank Limited has been awarded with Infosys Finacle Innovation Award 2023. Nabil Bank has won the Platinum Award at the Infosys Finacle Innovation Award 2023 under the Product Innovation category for the launch of NBank. With more than 200 nominations in 10 categories,...
Read MoreKathmandu. The interbank interest rate has once again risen above 5 percent. Recently, as the liquidity has increased, the interbank interest rate has also decreased to the line of 2 percent. The interbank interest rate, which fell to 2.65 percent on June 8, has increased...
Read MoreKathmandu. Liquidity is the bank's ability to provide cash to depositors when they demand it. In the banking and financial sector, liquidity is understood as immediately investable capital. In the bank, the funds collected from individuals and various organizations, companies, institutes, etc. are accumulated in...
Read MoreKathmandu. National Commercial Bank has demanded a large number of employees. The bank issued an advertisement and asked for a total of 394 employees for various posts. The bank has requested employees to fill the vacant positions in various levels and positions through open...
Read MoreKathmandu. Nepal Rastra Bank has said that recently increasing bad loans and non-banking assets are seen as a challenge for the banking sector. The central bank announced this while publishing the annual supervision report.According to the central bank, banks have...
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