Category/exclusive-news (Total Articles : 2586 )
172 Banking Institutions Licenses dismissed
Kathmandu. The bank has canceled the registration of 172 financial institutions following the merger and acquisition process of banks and financial institutions with the objective of strengthening financial stability. By the end of August, 2078 BS, a total of 231 banks...
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The insurance company collected Rs 47.87 billion in premiums
Kathmandu. In the first three months of the current fiscal year, insurance companies have earned significant amount of premiums. According to the Insurance Committee, life and non-life insurance companies have collected premiums worth Rs 47.87 billion in the first quarter of the current fiscal year....
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Banks CD ratio has reached 88.92 and Can no longer loan
Kathmandu. Banks are unable to make additional investments as the deposit-loan (CD) ratio set by the Nepal Rastra Bank is exceeded. Banks lack liquidity as deposits do not keep pace with credit demand. According to the Nepal Rastra Bank, the total CD ratio of banks...
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Prakash Raj Sharma Leading New working committee in the Microfinance Bankers Association
Kathmandu. An 11-member working committee has been elected unopposed under the chairmanship of Prakash Raj Sharma from the 15th annual general meeting of the Nepal Microfinance Bankers Association held today.A new working committee has been selected under the leadership of...
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Facebook will be renamed and rebrand soon
Kathmandu. Social media company Facebook is going to rebrand by changing its corporate name. CEO Mark Zuckerberg will address Facebook's annual Connect conference on October 28, and Facebook will soon change its corporate name. Along with that, the Facebook company will draw a dividing line...
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Why the bank's Interest Rate has declined ? How much New Interest Rate of commercial bank of Nepal
Kathmandu. Commercial banks have announced new interest rates following the directive of Nepal Rastra Bank. There are 13 banks that set interest rates between 9 and 10 percent. Similarly, there are 12 banks setting interest rates from 8 to 8.99 percent and one bank setting...
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Nepal Rastra Bank (NRB) directs to reduce the interest rates with in 24 hours
Kathmandu. Nepal Rastra Bank and financial institutions have been instructed to reduce the interest rate which they have voluntarily increased. On Tuesday, NRB directed to change the interest rate within 24 hours.In the directive, the licensed A, B and C...
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Dividend announcement, of Nabil Bank 30 to 35 percent and Everest Bank 20 to 25 percent
Kathmandu. Nabil Bank Limited and Everest Bank Limited are preparing to declare a 'surprise dividend' to their shareholders. Nabil and Everest Bank are likely to declare a "surprise dividend" for their shareholders, based on senior officials from...
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Rising liquidity, The bank's interest rate could reach 15 percent
Kathmandu. Bankers have expressed concern that interest rates could rise to 15 percent as commercial banks compete to raise interest rates on deposits to match the loan-to-deposit ratio (CD ratio).Last month, Sunrise Bank published a notice offering 10.07 percent interest...
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Landslide in share Market, Nepse reached at 2510
Kathmandu. The effect has been seen in the share market after the banks increased the interest rate on deposits with effect from November 20. A huge landslide occurred in the share market on Tuesday.Nepse, which had declined since the start...
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Why China's economy is declining ? Major three reasons are
Agency. China's economy is slowly declining. The Chinese economy suffered a major setback in the September quarter of this year. China's economic growth slowed to 4.9 percent in the September quarter.The world's second-largest economy (GDP) grew by just 4.9 percent...
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Who is the female operator of commercial bank of Nepal ?
Kathmandu. Nepal's constitution has ensured 33 percent place for women in every field. The Companies Act has also made it mandatory for a public company to have one female operator. According to the same arrangement, most of the public companies have one woman director in...
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Manoj Gyawali appointed as General Manager of Nabil Bank
Kathmandu. Manoj Kumar Gyawali has been selected as the General Manager of Navil Bank. Gyawali has been promoted to the post of general manager in the internal competition of the bank.On Saturday, the bank handed over the responsibility of GM...
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Bank interest rates Increased, Himalayan Bank and NIC Asia Bank's highest interest Rate
Kathmandu. Banks have announced new interest rates for the month of November. Half a dozen banks have announced higher interest rates this year.Last month, Sunrise offered a maximum interest rate of 10.07 percent on time deposits. At that time, it...
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Global IME Bank launches 3 new branchless banking services
Kathmandu. Global IME Bank Limited has launched three new branchless banking services. The bank has launched new branchless banking services in Panchami Bazaar of Ilam, Sardeva of Palpa and New Bazaar of Morang. With the launch of these three branchless banking services, the number of...
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