Category/exclusive-news (Total Articles : 2595 )
Agreement Between Nabil Bank and Nepal Mobile Distributors Association for financing loan facility
Kathmandu. Nepal's leading commercial bank, Nabil Bank, has entered into an agreement with the Nepal Mobile Distributors Association to address the financial needs of small and medium sized mobile vendors. Under the agreement, the bank will provide channel financing loan facility to the retailers in...
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27 commercial banks Profit increased by 18 percent and Highest profit increased by Himalayan Bank Limited
Kathmandu. In January of the current Fiscal Year (FY) 2078/79, the profit of commercial banks has increased by an average of 18.52 percent. The profit of 27 commercial banks has increased by Rs 6.4 billion in January alone as compared to January / February of...
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NRB's flexibility to open branches to foreign banks
Kathmandu. Nepal Rastra Bank has formulated a policy to make it easier for foreign banks and financial institutions to open branches in Nepal. NRB has reduced the limit of paid-up capital by issuing Foreign Bank Branch Permit Policy, 2022 on Wednesday.
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Puskar and Binita's illegal Crypto business : 4 banks Account Balance around 100 million Deposit
Kathmandu. The Revenue Investigation Department has filed a case against two crypto dealers. The department has filed a case against Puskar Shrestha and Binita Limbu in the Kathmandu District Court.They have been found to have done business worth Rs 97.46...
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Bank of Kathmandu issuing Rs 1 billion bonds on 10.50 Interest Rate
Kathmandu. Bank of Kathmandu is set to issue debentures worth Rs 1.10 billion. The bank is to issue 1.1 million bonds at the face value of Rs 1,000.The bank has appointed NIBL S Capital as the sales manager to issue...
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Nepal Rastra Bank (NRB) take action to 14commercial banks of Nepal
Kathmandu. Nepal Rastra Bank has taken action against 14 commercial banks for violating the directive. The supervision department of NRB has taken action against the commercial banks violating the directive in the first and second quarters of the current fiscal year.
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NMB Bank's new Offer: Demat, My Share and CRN number can be get online
Kathmandu. NMB Bank has come up with a plan to avail Video KYC, Video Call based account, Demat, MyShare and CRN online in the country or abroad. NMB Bank is the first bank in the Nepali banking world to start the process of opening a...
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Deposits increased n banks while credit flows declined by Rs 2 billion
Kathmandu. Deposits of Rs 8 billion have been collected in banks and financial institutions on the same day. According to Nepal Rastra Bank, Rs 8 billion has been collected in one day. On the same day, credit flow from banks and financial institutions declined by...
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NRB takes action against more than a dozen commercial banks and warned to CEOs
Kathmandu. Nepal Rastra Bank has taken action against more than a dozen commercial banks. The Bank Supervision Department of NRB has taken action against these banks in the second quarter of FY 78/79. Accordingly, NRB has fined Prabhu Bank Rs. 180,400 for not maintaining the...
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Corona Insurance Payment Release soon
Kathmandu. Corona is preparing to pay the insurance amount. The insurance committee has stated that the amount of Corona insurance which has been stopped for a long time will be paid. According to committee sources, the remaining amount of Corona Insurance will be paid after...
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E-sewa Money Transfer and Prabhu Management between Remittance payment agreement in Nepal
Kathmandu. Nepal's No. 1 digital remittance company, Isewa Money Transfer, and Prabhu Management Pvt. Ltd., a well-known name in Nepal's financial market, have reached an agreement on remittance payment.Along with this agreement, remittances sent to Nepal through Isewa Money Transfer...
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Banker Couple: Husband is First Man and Wife is Second Man
Kathmandu. Sarita Dhakal is currently working as Assistant General Manager of Sadhana Microfinance Institution. He had to struggle for 20 years to reach this position. Born in 2039 BS in Bedravati of Rasuwa district, Dhakal was a member of a middle class family. She passed...
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Commercial Banks of Nepal Interest Rates will not Raise
Kathmandu. As the commercial banks will not increase the interest rate in April, the interest rate of the cooperatives will also not increase. As soon as the issue of non-increase of interest in Chait was raised among the banks, the cooperative activists also withdrew from...
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14 billion Deposit Collection in commercial banks with in a Month
Kathmandu. Deposit collection of commercial banks has improved in March. Deposits of commercial banks have increased by Rs 14 billion in a month. According to the Nepal Bankers' Association, there was a deposit of Rs 4.312 trillion in commercial banks on March 20. The deposit...
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Nabil and Nepal Bangaladesh Bank acquisitions approved by Nepal Rastra Bank
Kathmandu. Nabil and Nepal Bangladesh (NB) Bank have received a letter of intent from Nepal Rastra Bank to acquire each other. A meeting of the Board of Directors of NRB has given in-principle approval for the acquisition of Nabil Bank and Nepal Bangladesh Bank, said...
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