Category/exclusive-news (Total Articles : 2595 )
IMF warning: Nepal's Banking sector at high risk, Need to Auditing
Kathmandu. The head of the International Monetary Fund (IMF), Kristalina Georgieva, has emphasized the need for vigilance after the latest upheaval in the banking sector, saying that risks to financial stability have increased.Speaking at a forum held in Beijing, the...
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Now Insurance Companies to operate branches in abroad
Kathmandu. Now insurance companies will be allowed to open branches abroad. This provision has been made in the Insurance Branch Office Directory, 2079 issued by the Nepal Insurance Authority.According to that provision, insurers can now open branches, contact or representative...
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Only 35 days public holiday for bank employees in the year 2080 and 15 days will be completely closed Banking services
Kathmandu. In the year 2080, bank employees will get 35 days leave. As per Nepal Rashtra Bank published the list of bank holidays for the year 2080 from April to March, they will get 35 days.Banks and financial institutions will...
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National Bank silent on the indiscriminate investment of banks has seen the financial problem : Umesh Lal Shrestha
Kathmandu. Umesh Lal Shrestha, the candidate for the senior vice president of the Federation of Nepal Chamber of Commerce and Industry, has said that the problem has arisen now because the Nepal Rastra Bank is unable to regulate banks and financial institutions effectively.
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25 billion more risk provision of banks and financial institutions of Nepal
Kathmandu. As the bad loans of banks and financial institutions have increased, the amount of provision made for them has also increased. By the end of poush 2079/80, commercial banks, development banks, finance companies and microfinance institutions Institutions have managed a total of 45 billion...
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Insurance agents and surveyors licenses will be renewed from online
Kathmandu. Nepal Insurance Authority has started to manage one insurer and one insurance agent through online system. The authority has started the management of agents through this system since 5th of March.The authority has started the work to implement the...
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NRB Instruction : To become director of bank and remittance company Not allowed
Kathmandu. A person who is a director of a bank and financial institution cannot become a director of a remittance company at the same time. A person who is a current director in a bank or financial institution cannot become a director of a remittance...
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After America, Switzerland's Credit Suisse Bank also collapsed
Kathmandu. The prestigious Swiss Credit Bank of Switzerland with a capital of billions of dollars is going to be completely failed and sold. The 165-year-old bank has been announced to be purchased by Switzerland's largest bank, UBS AG Group. UBS, the country's second-largest private lender,...
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Citizen Investment Fund 's FD deposits 1 billion rupees has sunk in finance
Kathmandu. Investments worth nearly 1 billion rupees made by Citizen Investment Fund in various banks have been sunk. According to the investment fund, the investments made in fixed deposits of various banks have sunk.According to the statistics of the fund,...
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Banks can provide loans : Now Bank interest rate and CD Ratio decreased
Kathmandu. Now most of the banks and financial institutions are marketing loan products. Borrowers are requested to request a loan. Earlier, in order to increase deposit collection in banks and financial institutions, the banks had introduced a plan to increase the savings up to...
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CIT (Citizen Investment Fund) 33rd anniversary has completed
Kathmandu- The 33rd anniversary of Citizen Investment Fund has been completed. The fund celebrated its anniversary by organizing a ceremony at the fund's office.Revenue Secretary of the Ministry of Finance at the anniversary ceremony. Ram Prasad Ghimire said that on...
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Three companies share Price adjustment in NEPSE
Kathmandu. Nepal Stock Exchange (NEPSE) has adjusted the prices of shares of three companies. Swabhiman Lagufitta, Prudential Insurance and Himalayan Everest Insurance are among the ones whose share price has been adjusted.After 20 percent bonus, the share price of Swabhiman Laguvitt has...
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CD ratio increased to 85.69 Percent and 11 billion Deposit collection has decreased of Commercial banks of Nepal
Kathmandu. Deposit collection of banks and financial institutions decreased by 11 billion in one day. The CD ratio has increased as the deposit collection of banks has decreased.According to Nepal Rastra Bank, as of March 1, total deposits in banks...
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3 American banks collapsed in one week : Silvergate, Silicon Valley and Signature bank closed in USA
Kathmandu. The upheaval in the banking sector in America has surprised. After Silicon Valley Bank, Silvergate, now another bank is locked. Signature Bank, known as Crypto Friendly, has been temporarily shut down. This bank had stocks of cryptocurrencies and considering its risks, it was decided...
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If Bank unable to return the depositor's money, the Nepal Rastra Bank will provide the facility
Kathmandu. Nepal Rastra Bank has issued regulations regarding last creditor facilities. The National Bank has issued this regulation targeting the inter-banking market, daily liquidity facilities, open market transactions and banks and financial institutions that cannot meet their immediate obligations.Rastra Bank has...
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