Kathmandu A loan agreement worth more than one billion US dollars was signed between the Bangladesh government and the Asian Development Bank (ADB) on Tuesday. The loan will help Bangladesh improve energy efficiency, ensure vaccine supply security, develop clean drinking water and information technology (IT)...
Read MoreKathmandu. After more liquidity in the banking system, banks have invested in the deposit collection equipment of Nepal Rastra Bank at 1 percent interest rate. After the inter-bank interest rate fell below 2 percent due to excess liquidity in the banking system, the National Bank...
Read MoreKathmandu. Nepal Rastra Bank has adopted more flexibility in the process of blacklisting those who have taken loans and not paid interest. The suffering will be reduced for the companies that have secured loans and have worked in joint ventures.By...
Read MoreKathmandu. Due to the increase in bad loans, the profits of most microfinance companies have declined. According to the details up to the first quarter of the current financial year published by microfinance, the profits of 18 companies are negative. In the period up to...
Read MoreKathmandu. 14 non-life insurance companies currently operating in Nepal and 13 companies have published their unrefined financial statements for the first quarter of the current financial year. Till this period, 13 non-life insurance companies have managed to earn a profit of 89 crore 12 lakh...
Read MoreKathmandu. 14 non-life insurance companies currently operating in Nepal and 13 companies have published their unrefined financial statements for the first quarter of the current financial year. Till this period, 13 non-life insurance companies have managed to earn a profit of 89 crore 12 lakh...
Read MoreKathmandu. Currently, commercial banks with government ownership are declaring dividends in a hurry. Till the time of preparing the news, 10 out of 20 commercial banks have declared dividends. 9 banks, including the government-owned National Commercial Bank, are yet to declare dividends. They are...
Read MoreKathmandu. The government has honored the best taxpayers. Finance Minister Dr. Prakasharan Mahat honored the best tax payers of various sectors. The Nepal Telecommunications Company which filed the highest income tax in the financial year 2078/79 has been awarded. Dabur Nepal in the export...
Read MoreKathmandu. Most of the commercial banks have reduced the deposit interest rates for the month of November. Banks have reduced the interest rate of deposits as the banking system has accumulated enough investable funds (liquidity) and the demand for loans has not increased.
Read MoreKathmandu. A Indian Bank UCO is in big trouble because of its small mistake. India's bank UCO bowed down and deposited 820 crore rupees in the accounts of common people. And the 8200 crore bank that was bent has not yet been brought back. So...
Read MoreKathmandu. Ramchandra Khanal has been appointed as the CEO of Kumari Bank. Khanal was appointed as the CEO by the meeting of the bank's board of directors. The meeting accepted the resignation of former Ramesh Aryal to make Khanal the CEO.
Read MoreKathmandu . The management of Nepal's two major commercial banks, Nabil Bank and Nepal Investment Mega Bank, is now in the hands of eminent, experienced and popular personalities in the banking sector. Gyanendra Prasad Dhungana is leading the management of Nabil Bank as the Chief...
Read MoreKathmandu. Now the interest rate of banks is going to be cheaper. In the first quarter of the current year, banks have reduced the base rate and made their financial statements public. It is seen that the interest rate of the loan will also decrease...
Read MoreKathmandu. The average return on equity (ROE) of commercial banks in three months is around 8 percent. In the first quarter of the current financial year, the banks have earned an average return of 7.86 percent. During the review period, the banks have earned a...
Read MoreKathmandu. Investable funds have started accumulating in the latest banking system. Liquidity in banks is getting easier. At present, the total amount with banks and financial institutions has reached 59 billion rupees. In the last one day, deposits of 4 billion rupees were added to...
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