Kathmandu. The average profit of microfinance institutions has increased by 49 percent in the first six months of the current fiscal year. The average net profit of microfinance institutions increased by 48.97 percent in the first six months of the current fiscal year compared to...
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Kathmandu. Nepal Rastra Bank (NRB) has demanded details of individuals and entities doing cash transactions in banks and financial institutions. In a statement issued on Tuesday, the National Bank of Nepal (NBN) said that it had sought such details from the Asset Laundering Monitoring Unit...
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Kathmandu. Krishna Bahadur Karki, former employee of the Ministry of Energy, Water Resources and Irrigation and coordinator of Budhiganki Hydropower Project has been appointed as the CEO of Nepal Stock Exchange (NEPSE). According to a source, the cabinet meeting has appointed Karki as the CEO...
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Kathmandu. The Ministry of Finance has directed the Insurance Committee to reconsider the payment option of Corona Insurance. The Ministry of Finance has sent a letter to the committee to reconsider four months after the committee gave the option to pay the corona insurance claim.
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Kathmandu. Investors have been attracted to buy shares of National Hydropower in the last trading day. The highest amount of shares of the company was bought and sold on Tuesday. On that day, the company's Rs. A total of 955,270 shares worth Rs 391.41 million...
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Kathmandu. A Memorandum of Understanding (MoU) has been signed between Nepal Rastra Bank and the International Finance Corporation (IFC) to test a method of assessing a potential debtor based on individual capacity, behavior, style and qualifications in Nepal's financial sector. It is expected that the...
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Agency. Indian Finance Minister Nirmala Sitharaman has made a big announcement through the budget. She directed the central bank (RBI) to start digital currency trading in the fiscal year 2022-2023 through her budget speech.The RBI is working for this. The...
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Kathmandu. Nepal Rastra Bank has recognized Hydroelectricity Investment and Development Company Limited (HIDCL) as a bank and financial institution. According to the Department of Banks and Financial Institutions Regulation of the Central Bank, the meeting of the Board of Directors of the bank held on...
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Kathmandu. On Sunday, the first day of the year, the stock market has seen a surge. The market, which had been on the rise since the start of trading, finally closed up 105 points. The Nepse index, which measures share turnover, rose by 105.55 points...
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Kathmandu, The third wave of corona virus may not cause serious symptoms, but it is proving to be even more dangerous. The Indira Gandhi Institute of Medical Sciences has identified the third wave of brain stroke as a major threat. The patient's condition is...
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Kathmandu. The Insurance Committee has decided to take action against Nepal Life Insurance. The Insurance Committee has decided to impose a fine of Rs 10,000 on Nepal Life Insurance as an action.After receiving a complaint from the Insurance Committee that...
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Kathmandu. Nepal Bank Limited has launched NRN deposit accounts with attractive facilities targeting non-resident Nepalis. Non-resident Nepalis living abroad will now be able to open foreign currency savings and term accounts with Nepal Bank online.The bank has stated that it...
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Kathmandu. Banks have been providing various facilities to the employees of Corona infected banks. Banks are offering everything from corona worms to paid leave to bank employees infected with the global epidemic of corona virus.According to the banks, the banks...
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Kathmandu. Himalayan Bank Limited has released its financial statements for the second quarter of the current fiscal year on Wednesday. According to the report, the bank's net profit has increased by 13.80 percent this year as compared to last year. Last year, Rs. The bank...
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Kathmandu. Rastriya Banijya Bank Limited has launched Smart QR Taylor service on the occasion of its 57th anniversary. The bank has launched the service on January 26 with the objective of providing digital banking services to the customers in an easy way. The service was...
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