Category/exclusive-news (Total Articles : 2472 )
What is a Big Issue of Global IME Bank and Bank of Kathmandu final Merger process
Kathmandu. The big merger between Global IME and Bank of Kathmandu has issue of active employees' union in Bank of Kathmandu.According to news sources, after Global IME Bank put forward the condition of scrapping the very strong union in Bank...
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Bank of Kathmandu declared 14 percent dividend
Kathmandu, Bank of Kathmandu will pay 14 percent dividend this year. The bank will pay 10 percent bonus share and 4 percent cash dividend for tax purposes from the accumulated profits of the fiscal year 2077/78.The shareholders will receive dividend...
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Top 5 Finalist of ICT Award 2021
The 'ICT Award 2021' has been declared as the top 5 in some categories. Under the selection process of the sixth edition of F1Soft ICT Award 2021, the best 5 out of 11 different categories have been announced through the selection process of the jury...
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Financial literacy program of Sangrila Development Bank completed
Kathmandu. On the occasion of its 17th anniversary, Sangrila Development Bank has conducted financial literacy program from all 98 branch offices of the bank across the country.The program was organized by various branch offices with the objective of imparting financial...
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Rajiv Arara is the Chairman of Nepal SBI Bank
Kathmandu. Rajiv Arora has been appointed as the Chairman of Nepal SBI Bank. A meeting of the bank held on Sunday, 2021 October 22 appointed Arora, who has come to represent State Bank of India, as the chairman of the board of directors.
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NIC Asia Bank Proposed by to distribute 15.789 percent dividend
Kathmandu. NIC Asia Bank It is proposed to distribute 15.789 percent dividend (Rs. 1.82 billion 58 million) from the profit of 2077/78. The meeting decided to provide 15 percent bonus share (Rs. 1.73 billion) and 0.789 percent cash dividend (Rs. 912.94...
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172 Banking Institutions Licenses dismissed
Kathmandu. The bank has canceled the registration of 172 financial institutions following the merger and acquisition process of banks and financial institutions with the objective of strengthening financial stability. By the end of August, 2078 BS, a total of 231 banks...
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The insurance company collected Rs 47.87 billion in premiums
Kathmandu. In the first three months of the current fiscal year, insurance companies have earned significant amount of premiums. According to the Insurance Committee, life and non-life insurance companies have collected premiums worth Rs 47.87 billion in the first quarter of the current fiscal year....
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Banks CD ratio has reached 88.92 and Can no longer loan
Kathmandu. Banks are unable to make additional investments as the deposit-loan (CD) ratio set by the Nepal Rastra Bank is exceeded. Banks lack liquidity as deposits do not keep pace with credit demand. According to the Nepal Rastra Bank, the total CD ratio of banks...
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Prakash Raj Sharma Leading New working committee in the Microfinance Bankers Association
Kathmandu. An 11-member working committee has been elected unopposed under the chairmanship of Prakash Raj Sharma from the 15th annual general meeting of the Nepal Microfinance Bankers Association held today.A new working committee has been selected under the leadership of...
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Facebook will be renamed and rebrand soon
Kathmandu. Social media company Facebook is going to rebrand by changing its corporate name. CEO Mark Zuckerberg will address Facebook's annual Connect conference on October 28, and Facebook will soon change its corporate name. Along with that, the Facebook company will draw a dividing line...
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Why the bank's Interest Rate has declined ? How much New Interest Rate of commercial bank of Nepal
Kathmandu. Commercial banks have announced new interest rates following the directive of Nepal Rastra Bank. There are 13 banks that set interest rates between 9 and 10 percent. Similarly, there are 12 banks setting interest rates from 8 to 8.99 percent and one bank setting...
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Nepal Rastra Bank (NRB) directs to reduce the interest rates with in 24 hours
Kathmandu. Nepal Rastra Bank and financial institutions have been instructed to reduce the interest rate which they have voluntarily increased. On Tuesday, NRB directed to change the interest rate within 24 hours.In the directive, the licensed A, B and C...
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Dividend announcement, of Nabil Bank 30 to 35 percent and Everest Bank 20 to 25 percent
Kathmandu. Nabil Bank Limited and Everest Bank Limited are preparing to declare a 'surprise dividend' to their shareholders. Nabil and Everest Bank are likely to declare a "surprise dividend" for their shareholders, based on senior officials from...
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Rising liquidity, The bank's interest rate could reach 15 percent
Kathmandu. Bankers have expressed concern that interest rates could rise to 15 percent as commercial banks compete to raise interest rates on deposits to match the loan-to-deposit ratio (CD ratio).Last month, Sunrise Bank published a notice offering 10.07 percent interest...
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