Kathmandu. The government has dismissed Bhishma Raj Dhungana, chairman of the Nepal Securities Board. The cabinet meeting held on Tuesday decided to dismiss Dhungana, who was involved in the best cement share case.Dhungana was accused of buying the shares of the...
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Kathmandu. Six persons involved in the murder of Sanam Shakya in a 33 kg gold smuggling case have been sentenced to life imprisonment. The district court in Morang has sentenced Chudamani Upreti, the main accused in the gold smuggling and Sanam murder case, to life...
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Kathmandu, Ashok Shamsher Rana, CEO of Himalayan Bank and chief executive officer of Himalayan and Nepal Investment Bank, which will be formed after the merger, said that the merger would not be affected by the recent ups and downs of the board of directors and...
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Kathmandu. Rastriya Banijya Bank has expanded seven new branch offices. Balambu Branch Office at Chandragiri in Kathmandu District, Thali Branch Office at Nageshwari Manohara, Thaiv Branch Office at Godavari in Lalitpur District, Kamal Binayak Branch Office at Kamal Binayak in Bhaktapur District, Madi Branch Office...
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Kathmandu. The active deposit account of banks and financial institutions in Nepal has reached 109 percent. According to Nepal Rastra Bank, the total number of listed deposit accounts has reached 33.26 million as of last July, which is 9 percent more than the population projected...
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Kathmandu. Standard Chartered Bank has proposed a total dividend of 13.06 percent from the profits of the last fiscal year 077/78. The meeting of the Board of Directors of the bank has proposed to distribute 10 percent bonus share and 3.6 percent cash dividend including...
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Kathmandu. Governor of Nepal Rastra Bank Maha Prasad Adhikari has administered oath of office and secrecy to newly appointed Chairman of Himalayan Bank Limited Prachanda Bahadur Shrestha.Chairman Shrestha has been reinstated as the chairman of the bank after taking oath....
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Kathmandu. Chairman of Civil Bank Ichchha Raj Tamang has been arrested. He was arrested by the Central Investigation Bureau (CIB) of Nepal Police.Tamang has been arrested on the charge of embezzling the money kept by the depositors in the Civil...
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Kathmandu: Nepal Investors Forum has demanded immediate repeal of the Rs 120 million limit on share pledge loans. The forum has demanded immediate rectification of the decision saying that the capital market has been hit hard due to the short-sighted decision of the officials in...
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Kathmandu: The deposit mobilization of commercial banks has increased by Rs 38 billion in one week. According to the Bankers' Association, deposit collection has increased by Rs 38 billion to Rs 42.18 trillion in a one-week period (September 8 to 15). On September 26, the...
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Kathmandu. Machhapuchhre Bank Limited has entered its 22nd year after completing 21 years. On the same occasion, the bank has honored the employees who have been in continuous service for more than 20 years.Today is the last day of the...
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Kathmandu. Finance Minister Janardan Sharma has urged the microfinance institutions to reduce the existing interest rates on loans. Microfinance institutions have been investing in loans at 10 to 15 percent interest rate. Understanding the demand of the Micro Finance Association of Nepal, Minister Sharma was...
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Kathmandu. Revealing the investments made by Nepal's leaders, rich and big businessmen by opening an 'offshore company' and buying and selling shares in a 'tax haven' country where it is considered easy to hide illegally earned money.Evidence has been found...
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Kathmandu. With the receipt of the new price list from the Indian Oil Corporation (IOC), the loss of the Nepal Oil Corporation is expected to increase further. Based on the price list received from IOC on October 1, the corporation has projected a loss of...
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Kathmandu. Outgoing Vice President Pancha Singh will be the chairperson of Akhil Krantikari. Chairman Pushpa Kamal Dahal Prachanda was given the responsibility of choosing the leadership of the National Conference to be held from the 14th of this month.Chairman Prachanda...
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