Category/exclusive-news (Total Articles : 2595 )
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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Why is the US Federal Reserve bank currently raising interest rates in USA ?
Kathmandu. The US central bank has raised interest rates to the highest level in 22 years as it fights to stabilize prices in the world's largest economy. The decision lifted the Federal Reserve's influential benchmark rate to a range of 5.25% to 5.5%.
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Sanjeev Manandhar is CEO of Prime Commercial Bank
Kathmandu.Sanjeev Manandhar has been appointed as the Chief Executive Officer (CEO) of Prime Commercial Bank. Manandhar was appointed as the chief executive officer in the meeting of the board of directors held on Friday 8th of August of the bank. Manandhar, a chartered accountant, has...
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Prabhu Capital customers to get up to 28% discount on Total Physical Fitness
KATHMANDU: Prabhu Capital has signed a contract with Total Physical Fitness Center. Capital has agreed to provide some discounts on physical exercise to all of the beneficiaries who have opened demat accounts. The deal was inked on Shrawan 31 (Aug 16) by Chief Executive Officer...
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How much Interest rates of commercial banks of Nepal from Bhadra 2080
Kathmandu. Commercial banks have established new interest rates. Banks have determined the interest rate to be maintained for the month of August. Compared to July, some banks have reduced the interest rate, while some banks have increased it. However, some banks have continued the...
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Development Banks of Nepal interest Rate has increased by 11.15 percent on deposits
Kathmandu. As the interest rate of commercial bank deposits will be up to 10.89 percent maximum, the development banks, forced to save their deposits, will finally increase the interest rate for August. The working committee meeting of Development Bankers Association (DIBAN) has decided to...
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How much Bad loan in commercial Banks of Nepal ? Kumari Bank, Himalayan, NIMB, Prime and Prabhu Bank has Highly increased
Kathmandu. The details show that the condition of big banks is even worse. Basically, their rate of bad loans has increased and their potential risk bearing resources (provisions against credit risk) are also weak.After the merger with NCC Bank, Kumari,...
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Mahalaxmi Development Bank received 'BFIN L and D Excellence Award'
Kathmandu. Mahalakshmi Bikas Bank has received BFIN L and D Excellence Award, 2023. Mahalaxmi Development Bank received the award given by Banking Finance and Insurance Institute of Nepal (BFIN). The bank has been honored with the VAIN L&D Excellence Award, 2023 for providing the best...
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How much bonus distribute to employees by commercial banks of Nepal ?
Kathmandu. Commercial banks have spent up to 56 percent salary with bonus for employees. Standard, Global IME, Nabil, Everest and Sanima Bank are among those who spend a lot on employee salary facilities. These banks are going to give more than 30 percent bonus on the...
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What is Financial status of commercial banks of Nepal and how much earnings per share ?
Kathmandu. The commercial banks which have received 'A' category recognition from Nepal Rastra Bank have published their annual financial statements for the last financial year 2079/80. According to their annual financial statement, the net profit has increased significantly in the last year compared to the...
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Why NRB take action against Himalayan Bank, Kumari Bank & Prime Commercial Bank and How Much take fine penalty ?
Kathmandu. Three commercial banks have come under the action of Nepal Rastra Bank. Central Bank has taken action against Himalayan, Kumari and Prime Commercial Bank. These three banks were penalized after violating the instructions issued by the National Bank. Himalayan, Kumari and Prime Bank have...
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Why Sachin Jung Raimajhi resigned from Himalayan Bank ?
Kathmandu. Less than 5 months after Civil Bank merged with Himalayan Bank, Assistant Chief Executive Officer Sachinjung Rayamajhi has left the bank. Bank sources said that Rayamazhi resigned from Himalayan Bank a month ago. Only Rayamazhi, who was the CEO of Civil Bank, was associated...
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How Much Bad loans of Commercial banks of Nepal ? Everest and NIC Asia Bank below 1 percent
Kathmandu. Bad loans of commercial banks are now 2.70 percent. The fourth quarter financial report of the last financial year 2079/80 published by commercial banks in operation has shown this. By the end of June last year, the bad loan ratio of banks has decreased....
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