Kathmandu. Banks will not raise interest rates in June. Despite rumors of a rise in interest rates in the market recently, banks are discussing not to raise interest rates. According to the third quarterly review of the monetary policy released by the Nepal Rastra Bank...
Read MoreKathmandu. The central bank has hinted that it may use interest rates to ease external pressures, even if it continues to pursue policy measures. In its third quarterly review of the monetary policy for the current fiscal year, Nepal Rastra Bank has stated that the...
Read MoreKathmandu. Mega Bank's share price has risen sharply following rumors of a merger with Nepal Investment Bank (NIBL). In the market on Thursday, not only the share price of the bank but also the transaction amount, number and lot have been raised all of a...
Read MoreKathmandu. Nabil Bank is listed in the exclusive league table of the top 20 banks published by IJ Global magazine under the Global Infrastructure and Project Finance category. IJ Global Euromoney is part of the institutional investor business.Considered the world's...
Read MoreKathmandu. President Bidya Devi Bhandari has started presenting the policy and program for the coming fiscal year 2079/80. Presenting the policy and program for the coming Fiscal Year 2079/80 BS in the joint meeting of the House of Representatives and the National Assembly, she presented...
Read MoreKathmandu. In the last one week, the deposit collection of commercial banks has improved. Deposits in commercial banks have increased by Rs 7 billion in a week. According to the Nepal Bankers' Association, deposits in commercial banks have increased by Rs 7 billion in the...
Read MoreKathmandu. The AGM of the Board of Directors of NIC Asia Bank Limited held on Sunday has appointed Santosh Kumar Rathi as the Deputy Chief Executive Officer of the bank. He has been working as the Assistant Chief Executive Officer of the Bank. Point No....
Read MoreKathmandu. Umbrella Institution of Banks and Financial Institutions Operating in Nepal - Confederation of Banks and Financial Institutions Nepal (CBFIN) has submitted institutional suggestions to the Ministry of Finance on various issues to be addressed in the budget of the coming Fiscal Year 2079/80.
Read MoreKathmandu. Nabil Bank's proposal to acquire Nepal Bangladesh Bank (NBB) has been passed by the special general meeting of NBB Bank held today. The meeting of the bank has also approved the share swap recommended by the appraiser PKF TR Upadhyay & Company for the...
Read MoreKathmandu. Union Life Insurance and Gurans Life Insurance Company have merged into Prime Life Insurance Company. A tripartite agreement was reached on Thursday to merge with Prime Life Insurance Company. This is the second merger agreement for the insurance sector and the first for the...
Read MoreKathmandu. Nabil Bank has entered into an agreement with USDA to list the bank under GSM 102. The Bank has entered into an agreement with the USDA under the Export Credit Guarantee Program operated by the US Department of Agriculture. Nabil Bank has become the...
Read MoreKathmandu. Now, the stock market will be open on Friday as well. The government has decided to give leave on Saturday and Sunday, two days a week from May 1, and the market will be opened on Friday as well. ...
Read MoreKathmandu. The Nepal Chartered Accountants Association, an organization of accountants, has suggested that various insurance companies issue corona bonds to settle the remaining 11 billion claims of corona insurance. The union, in its suggestion for the budget for the coming fiscal year, said it would...
Read MoreKathmandu. Himalayan General Insurance (HGI) and Everest Insurance (EIC) are about to merge. In an agreement reached between the two insurance companies on Thursday, the chairman of the organization has agreed to merge.Himalayan and Everest have become the first entities...
Read MoreKathmandu. The liquidity crunch in the banks since the beginning of the financial year has not been resolved yet. Banks and financial institutions have taken short-term loans of Rs. 98.22 billion from NRB through Permanent Liquidity Facility (SLF). This is the second largest amount taken...
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