In 1980, there were only two commercial banks, but by the year 2012, there were a maximum of 32. Since 2020, 10 banks have decreased in the period of two and a half years. Nepal Rastra Bank, through its monetary policy of 2074, took a...
Read MoreGlobal Bank Limited (GIBL) was established in 2007 as an 'A' class commercial bank in Nepal which provided entire commercial banking services. The bank's paid-up capital is to NPR 36.1287 billion.Global IME Bank Ltd. (GIBL) emerged after...
Read MoreKathmandu. More liquidity in the financial system, short-term interest rates are seen to be increasing. Since the banks are able to sell goods at interest rates, the interest rate has increased when they invest in deposit collection rather than permanent deposit facilities.
Read MoreKathmandu. Commercial banks have invested 67.5 billion rupees in share mortgage loans till the end of March. According to the data till the end of March, commercial banks have invested a total of 67 billion 524 million rupees in loans.According...
Read MoreKathmandu. Nepal Rastra Bank has sanctioned four commercial banks and two development banks. Rastra Bank has taken action against Prime Commercial Bank, Kumari Bank, Nepal Investment Mega Bank, Lakshmi Sunrise Bank, Lumbini Development Bank and Excel Development Bank.In the third quarter of the year 2080/81,...
Read MoreKathmandu: The base rate of all 20 commercial banks for the month of Baisakh has come to a single digit. Compared to March, the average base rate of commercial banks has decreased by 0.30 percentage points in May. The average base rate of commercial banks...
Read MoreKathmandu. In the third quarter of the current financial year 2080/81, the distributable profit of most of the commercial banks is negative. According to the statistics of the financial statements released by the banks, the distributable profit of 10 commercial banks is negative and 7...
Read MoreKathmandu. Goods worth more than 11.5 billion have been imported till March of the current financial year. According to the data released by the Customs Department, the import in March decreased by 2.84 percent to 11 trillion 67 billion 3698 million rupees.
Read MoreKathmandu: As the share prices of commercial banks are decreasing in the secondary market and their PE ratio is also decreasing. According to share 'Screening Software Smart Wealth Pro', according to the share price of Chaitra 2080, the PE ratio of the bank group is...
Read MoreKathmandu: Bad loans of development banks have exceeded 27 percent. According to the latest data published by Nepal Rastra Bank, the NPL of banks has reached 27.75 percent.The impact of economic recession is now seen in the entire financial system....
Read MoreIn the bill to amend the Act on Banks and Financial Institutions, 2073, a provision has been proposed that digital banks can also conduct banking and financial transactions.In the bill registered in the House of Representatives, it is proposed that...
Read MoreKathmandu. The 'Management Summit-2024' organized by the National Commercial Bank has been completed. The program was completed after extensive discussion among economists, banking experts and entrepreneurs about the problems and challenges seen in the national economy and banking sector. The program was organized by the...
Read MoreKathmandu. Nepal Rastra Bank is celebrating the project 'Global Money Week - 2024' in national coordination. Rastra Bank is celebrating Money Week with the main slogan 'Start from youth, strong foundation from savings'.Money Week is a week-long program related to...
Read MoreKathmandu. The 'First Cooperative Digital Conclave' held in Kathmandu under the organization of the National Cooperative Federation has been completed with the issuance of a seven-point commitment letter. The conclave, which started on Thursday with the theme 'Digitizing Co-operative: Achieving Vision 2030'.
Read MoreKathmandu. In the 7 months of the current financial year 2080/81, commercial banks have made a profit equal to 35 billion rupees. According to the statistics published by Nepal Rastra Bank, 20 commercial banks have made a net profit equal to 35 billion 49 billion...
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