Category/exclusive-news (Total Articles : 2586 )
Penalty to all life insurers except MetLife for non-submission of financial statements
Kathmandu. All the life insurance companies except Mate Life Insurance have come under the action of the Insurance Committee for not submitting the audit report on time. The Insurance Committee has fined 18 life insurance companies at the rate of Rs 10,000 to Rs 10,500...
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Registration of new cooperatives closed in Bagmati Province of Nepal
Kathmandu: The Bagmati state government has stopped registering new cooperatives. The decision was taken at a ministerial meeting of the state government. It is stated that the registration of new organizations has been stopped on the basis of the report of the committee formed...
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Reliance Spinning Mills issuing IPO from Book Building
Kathmandu. Reliance Spinning Mills has started the process of issuing IPO through book building method. The company has informed that it has called for discussion with the objective of getting the number of shares, intention price and suggestions in the statement of the institutional investors...
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Merger agreement between Surya and Jyoti Life Insurance, Swap Ratio is 1: 1
Kathmandu. Surya Life Insurance Company and Jyoti Life Insurance Company are going to merge with each other. The two companies are set to merge after holding a program at Hotel Yak & Yeti on Sunday and signing a merger agreement. The agreement has been signed...
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Banker Anil Keshari Shah : 32 years Banking Journey
Kathmandu. Celebrity banker Anil Keshari Shah has left the banking sector. Anil, who has worked in various banks for 32 years, left the banking sector only last year. While living in the banking sector, he developed his own personality. Wearing red glasses and a straight...
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Deposits offer of Commercial Banks of Nepal : 12% interests with four times return to 90% loan
Kathmandu. At a time when there is a lack of liquidity in the banking system, commercial and development banks have launched attractive savings account schemes. In order to attract deposits from the public, banks are making public savings account schemes with high interest and attractive...
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Bank's Interest rates continue to be rise : Governor (Maha Prasad Adhikari)
Kathmandu. Governor of Nepal Rastra Bank Maha Prasad Adhikari has said that the interest rate of banks may increase further. Speaking at a program organized in Kathmandu on Wednesday, he said that interest rates of banks would continue to rise. He opined that industrialists should...
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17 cooperatives are blacklisted in Kathmandu
Kathmandu. The number of blacklisted cooperatives is also increasing along with the complaints of cheating from savers. According to the Credit Information Center, 17 cooperatives have been blacklisted in the first 11 months of the current fiscal year. According to the Credit Information Center, three...
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Four co-operatives are blacklisted (with listed)
Kathmandu. Recently, the number of blacklisted cooperatives has been increasing. According to the Credit Information Center, four cooperatives have been blacklisted in nine days. The Credit Information Center blacklists individuals and entities who have taken loans from banks and financial institutions for various business purposes...
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Action and fine against 22 insurance companies by the Insurance Committee
Kathmandu. The Insurance Committee has fined 22 insurance companies for not submitting audits on time. The committee has fined the life insurance company, non-life and reinsurance company as action. Earlier, the committee had imposed a fine of Rs 10,000 on some companies.
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Share market increased 94 points, These companies Investors earned huge profits
Kathmandu. The stock market rose on Sunday, the first trading day of the year. On Sunday, the Nepse index increased by 94.92 points and reached 1,956.98 points. A total of 636,590 shares of 230 companies were traded on the Nepal Stock Exchange (NEPSE), resulting in...
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CIT (Citizen Investment Fund) has declared 30 percent Bonus share Dividend
Kathmandu. The Citizens Investment Fund has declared a dividend for the last fiscal year. A meeting of the board of directors of the fund held has proposed dividend for the fiscal year 2077-078. The meeting of the fund has proposed to give 30 percent bonus...
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Why Nabil and Bangladesh Banks's acquisition postponed ?
Kathmandu. Nepal Rastra Bank has postponed the process of merger and acquisition of Nabil and Nepal Bangladesh Bank (NB) for the time being. NRB has also given in-principle approval to the agreement to acquire Nabil Bank and NB Bank. However, for the final approval, the...
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Nepal Rastra Bank not implementing the 4 to 12 crore policy in Share Market
Kathmandu. The monetary policy of the current fiscal year has taken a new step in controlling share credit. An individual or a family can borrow up to a maximum of Rs 40 million from one bank and a maximum of Rs 120 million from all...
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Buy Opportunity : 21 companies with 5 commercial Banks Share price under value below Rs 200
Kathmandu. The stock market has been declining continuously lately. Along with the market decline, the share prices of companies listed in the secondary market are also declining day by day. According to Nepse, share prices of most of the companies in commercial banks, development banks,...
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