Category/exclusive-news (Total Articles : 2586 )
NRB Amendment to refinancing system, Interest Rate Up to 7 percent
Kathmandu. Nepal Rastra Bank (NRB) has changed the concessional refinancing arrangements for the Kovid-19 epidemic. The interest rate on refinancing has gone up from 5 percent to 7 percent.NRB has raised the interest rate on refinancing of small, home and...
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Liquidity Crisis in banks and financial institutions
Kathmandu. Despite the lack of liquidity in banks and financial institutions, the real estate business has not been affected. Looking at the details of last month, is there any lack of liquidity in banks and financial institutions? It seems like a fact.
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21 billion deposits and 13 billion credit flow to commercial banks of Nepal Falgun Month 2079
Kathmandu. In March, there was a significant improvement in the deposit collection of commercial banks. Deposits of commercial banks have increased by Rs 21 billion this month. According to the Nepal Bankers' Association, Rs. The increase in deposits had reached Rs 4.312 trillion in commercial...
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Citizens Bank launches e-KYC Service
Kathmandu. Citizens Bank International Limited has launched e-KYC service. The bank has launched e-KYC service on the occasion of its 15th anniversary by expanding the digital banking service by ending the obligation to physically attend the bank and update the KYC.
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CIT (Citizen Investment Fund) 32nd Anniversary Successfully Completed
Kathmandu. The 32nd anniversary celebration program of the Citizens Investment Fund has been completed. The fund celebrated its annual festival under the chief hospitality of Finance Minister Janardan Sharma Prabhakar.The chief guest of the program and Finance Minister Sharma said...
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CBFIN and ADB to work together for a self-reliant economy in Nepal
Kathmandu. The Manila-based delegation led by the Confederation of Banks and Financial Institutions Nepal and the Asian Development Bank's short visit to Nepal have expressed willingness to work with CBFIN to strengthen the financial sector, facilitate access to credit to local and productive industries and...
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Agreement Between Nabil Bank and Nepal Mobile Distributors Association for financing loan facility
Kathmandu. Nepal's leading commercial bank, Nabil Bank, has entered into an agreement with the Nepal Mobile Distributors Association to address the financial needs of small and medium sized mobile vendors. Under the agreement, the bank will provide channel financing loan facility to the retailers in...
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27 commercial banks Profit increased by 18 percent and Highest profit increased by Himalayan Bank Limited
Kathmandu. In January of the current Fiscal Year (FY) 2078/79, the profit of commercial banks has increased by an average of 18.52 percent. The profit of 27 commercial banks has increased by Rs 6.4 billion in January alone as compared to January / February of...
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NRB's flexibility to open branches to foreign banks
Kathmandu. Nepal Rastra Bank has formulated a policy to make it easier for foreign banks and financial institutions to open branches in Nepal. NRB has reduced the limit of paid-up capital by issuing Foreign Bank Branch Permit Policy, 2022 on Wednesday.
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Puskar and Binita's illegal Crypto business : 4 banks Account Balance around 100 million Deposit
Kathmandu. The Revenue Investigation Department has filed a case against two crypto dealers. The department has filed a case against Puskar Shrestha and Binita Limbu in the Kathmandu District Court.They have been found to have done business worth Rs 97.46...
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Bank of Kathmandu issuing Rs 1 billion bonds on 10.50 Interest Rate
Kathmandu. Bank of Kathmandu is set to issue debentures worth Rs 1.10 billion. The bank is to issue 1.1 million bonds at the face value of Rs 1,000.The bank has appointed NIBL S Capital as the sales manager to issue...
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Nepal Rastra Bank (NRB) take action to 14commercial banks of Nepal
Kathmandu. Nepal Rastra Bank has taken action against 14 commercial banks for violating the directive. The supervision department of NRB has taken action against the commercial banks violating the directive in the first and second quarters of the current fiscal year.
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NMB Bank's new Offer: Demat, My Share and CRN number can be get online
Kathmandu. NMB Bank has come up with a plan to avail Video KYC, Video Call based account, Demat, MyShare and CRN online in the country or abroad. NMB Bank is the first bank in the Nepali banking world to start the process of opening a...
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Deposits increased n banks while credit flows declined by Rs 2 billion
Kathmandu. Deposits of Rs 8 billion have been collected in banks and financial institutions on the same day. According to Nepal Rastra Bank, Rs 8 billion has been collected in one day. On the same day, credit flow from banks and financial institutions declined by...
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NRB takes action against more than a dozen commercial banks and warned to CEOs
Kathmandu. Nepal Rastra Bank has taken action against more than a dozen commercial banks. The Bank Supervision Department of NRB has taken action against these banks in the second quarter of FY 78/79. Accordingly, NRB has fined Prabhu Bank Rs. 180,400 for not maintaining the...
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