Kathmandu. Banks and financial institutions can now apply for loans online and take loans online. Nepal Rastra Bank has made such an arrangement as a matter of policy.As per the guidelines, a person who has a salary account in the...
Read MoreKathmandu: Nepal Rastra Bank (NRB) has warned that networking businesses including cryptocurrency are cheating customers. The National Bank of Nepal (NBN) on Tuesday issued a statement saying that most of the networking businesses have been found to be cheating customers in another country by mobilizing...
Read MoreKathmandu. Nepal Telecom has made a net profit of Rs. 3.89 billion. According to the company's public financial statements, profits have increased by 18.50 percent this year. The company had earned a net profit of Rs 3.28 billion in the corresponding period of the previous fiscal...
Read MoreKathmandu. Rajendra Khanal (Damak-8 in Jhapa), the founding chairman of Triganga Agricultural Cooperative out of contact from the past three months. It has been revealed that Khanal, 52, a resident of Damak-8, has been absconding since last November with a loan...
Read MoreKathmandu. The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has demanded immediate postponement of the decision to increase interest rates on deposits. As soon as the decision to raise interest rates on deposits was made public, the federation strongly objected and demanded immediate...
Read MoreKathmandu. A remittance agreement has been signed between Samridhi Finance and Kumari Bank Limited. On behalf of Finance, Chief Manager Binod Raj Poudel and Kumari Bank signed the agreement. It was signed by Chief Executive Officer Ram Chandra Khanal.Following this...
Read MoreKathmandu. Experienced and active investors say that the current market correction is due to the liquidity crisis in the economy. "Bank interest rates are also rising due to increasing liquidity. Banks are not in a position to invest more. Due to the correction...
Read MoreKathmandu. Prabhu Pay has joined PhonePay Payment Services Limited, which is operated by Prabhu Technology. Prabhupe has joined the PhonePay network after signing a memorandum of understanding between the payment system operator FonPay Payment Service and PrabhuPe, a program run by Prabhu Technology.
Read MoreKathmandu. Nepal Rastra Bank has tightened the import of 47 items. It has been decided to keep 100 percent margin while importing most of the goods. In a statement issued on Wednesday, the National Bank of Nepal (NBN) said that only 50 percent margin should...
Read MoreKathmandu. In the first six months of the current fiscal year, remittance inflows have declined by 5.5 percent in Nepali Rupees and 6.2 percent in US Dollars. This is seen in the current economic and financial situation of the country for the first six months...
Read MoreKathmandu. The use and transaction of cryptocurrency has been increasing globally in the last decade. Nepal Rastra Bank has stated that it has received information that Nepalis at home and abroad are also involved in its business or related investments.According...
Read MoreKathmandu. Nabil Investment Banking Limited, on the occasion of its tweveth anniversary, has stated that it will provide a complete discount on the annual fee for those who wish to enter the stock market and receive investment management services for twelve months (one year).
Read MoreKathmandu. Kumari Bank's Acting Chief Executive Officer Anuj Mani Timalsina and Deputy Chief Executive Officer Manish Timalsina have resigned. Both of them have taken voluntary retirement in consultation with the Board of Directors of the bank.The Board of Directors had...
Read MoreKathmandu. MetLife is one of Fortune Magazine's 2022 Most Admired Insurance Companies. According to MetLife, the annual report cards of the admirable companies included eight life insurance companies. Fortune teamed up with a global organizational consulting firm called Kern Pheri to identify the companies with...
Read MoreKathmandu. The Confederation of Banks and Financial Institutions (CVIFIN) has concluded that the unnecessary policy arrangement of Nepal Rastra Bank has also shown liquidity problem. This is the conclusion reached by the study task force on liquidity shortage formed by CVIFIN.
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