Kathmandu. Commercial banks have established new interest rates. Banks have determined the interest rate to be maintained for the month of August. Compared to July, some banks have reduced the interest rate, while some banks have increased it. However, some banks have continued the...
Read MoreKathmandu. As the interest rate of commercial bank deposits will be up to 10.89 percent maximum, the development banks, forced to save their deposits, will finally increase the interest rate for August. The working committee meeting of Development Bankers Association (DIBAN) has decided to...
Read MoreKathmandu. The details show that the condition of big banks is even worse. Basically, their rate of bad loans has increased and their potential risk bearing resources (provisions against credit risk) are also weak.After the merger with NCC Bank, Kumari,...
Read MoreKathmandu. Mahalakshmi Bikas Bank has received BFIN L and D Excellence Award, 2023. Mahalaxmi Development Bank received the award given by Banking Finance and Insurance Institute of Nepal (BFIN). The bank has been honored with the VAIN L&D Excellence Award, 2023 for providing the best...
Read MoreKathmandu. Commercial banks have spent up to 56 percent salary with bonus for employees. Standard, Global IME, Nabil, Everest and Sanima Bank are among those who spend a lot on employee salary facilities. These banks are going to give more than 30 percent bonus on the...
Read MoreKathmandu. The commercial banks which have received 'A' category recognition from Nepal Rastra Bank have published their annual financial statements for the last financial year 2079/80. According to their annual financial statement, the net profit has increased significantly in the last year compared to the...
Read MoreKathmandu. Three commercial banks have come under the action of Nepal Rastra Bank. Central Bank has taken action against Himalayan, Kumari and Prime Commercial Bank. These three banks were penalized after violating the instructions issued by the National Bank. Himalayan, Kumari and Prime Bank have...
Read MoreKathmandu. Less than 5 months after Civil Bank merged with Himalayan Bank, Assistant Chief Executive Officer Sachinjung Rayamajhi has left the bank. Bank sources said that Rayamazhi resigned from Himalayan Bank a month ago. Only Rayamazhi, who was the CEO of Civil Bank, was associated...
Read MoreKathmandu. Bad loans of commercial banks are now 2.70 percent. The fourth quarter financial report of the last financial year 2079/80 published by commercial banks in operation has shown this. By the end of June last year, the bad loan ratio of banks has decreased....
Read MoreKathmandu. Now it is possible to import goods up to 60,000 US dollars at a time. The foreign exchange management department of Nepal Rastra Bank has made this provision by revising the Integrated Circular-2079. Along with this, traders will now be able to import goods...
Read MoreKathmandu. The IPO allotment of Sun Nepal Life Insurance has been completed. The company has received labor approval from the relevant body of the Nepal government and will issue 960,000 shares at a nominal price of Rs. 100 In addition, a total of 239...
Read MoreKathmandu. The three-day 'Business Excellence Conference' of Nepal Life Insurance Company has been completed. The conference was held at Sauraha in Chitwan with the slogan "Powerful Aggressive Policy". More than 230 employees working in sales and marketing from all over the country participated in the...
Read MoreKathmandu. 20 commercial banks that are currently operating have already published their unrefined financial statements for the fourth quarter of the last financial year. According to the financial statements published by the banks, the distributable profit of the 20 commercial banks in operation is 31...
Read MoreKathmandu. The market has become volatile again. The market, last two days of the last week, fell sharply at the beginning of this week. Liquidity in the financial system is becoming easier, the external sector of the economy has improved, remittances have increased, the balance...
Read MoreKathmandu. Currently operating commercial banks have published their financial statements for the last financial year. Among the currently operating commercial banks, only seven commercial banks can pay dividends above 15 percent this year, according to the data. Looking at the financial health of the financial...
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