Central bank directs BFIs to operate with limited employees
KATHMANDU, AUGUST 9- Nepal Rastra Bank today directed banks and financial institutions to deploy staff at its branches on a turn-wise basis, keeping in view the rising number of coronavirus cases in Kathmandu valley.
Employees Provident Fund to establish stock dealer company
Kathmandu, February 4 - With an aim to expand the secondary market and make it more attractive and investment-friendly, the stateowned Employees Provident Fund (EPF) has said it will establish a stock dealer company.
IMF projects economic growth at 6pc
Kathmandu- January 17, An International Monetary Fund (IMF) mission, which recently concluded its discussions for 2020 Article IV consultation in Nepal, has projected economic growth of six per cent in the ongoing fiscal year.
Seven banks submit M&A progress to NRB
Kathmandu, October 16- Seven commercial banks have submitted the progress of their merger and acquisition (M&A) process to the Nepal Rastra Bank (NRB) so far.
Forced merger’ of BFIs infeasible, says FinMin
Kathmandu, September 17- At a time when Nepal Rastra Bank (NRB) had been hinting towards forced merger of banks and financial institutions (BFIs)
16pc interest rate cap on co-op loans
Kathmandu, August 2- The government, for the first time, has imposed a cap on the interest on loans floated by cooperatives to curb excessive interest rates charged by them, especially by savings and credit cooperatives.
Monetary Policy focuses on easing liquidity, promoting credit growth
Kathmandu, July 24- Nepal Rastra Bank today unveiled Monetary Policy for fiscal year 2019-20, with optimum focus on addressing issues of loanable funds crunch and credit growth in priority sector.
More Articles ...
Corporate News
India makes exemption for Nepal, allows some refined palmolein imports
February 12, 2020- India, which restricted imports of refined palm oil and palmolein in January, has exempted Nepal and has started issuing licences to import some refined palmolein from the Himalayan nation, two government officials told Reuters.
Read more ...HIDCL, Power China to build 762MW Tamor reservoir project
Kathmandu, September 16- The Hydroelectricity Investment and Development Company Ltd (HIDCL) and state-owned Power China Corporation have jointly submitted a project development proposal at the Investment Board Nepal (IBN) to build the 762-megawatt Tamor reservoir project, which will cover Panchthar, Taplejung, Terhathum and Sankhuwasabha districts.
Read more ...Security audit of BFIs compulsory
Kathmandu, September 10- Nepal Rastra Bank (NRB) has made it mandatory for banks and financial institutions (BFIs) to conduct an audit of their information and technology (IT) system.
Read more ...Age limit set for CEOs, directors at BFIs
KATHMANDU: Nepal Rastra Bank has set an age bar for board of directors and chief executive officers of banks and financial institutions (BFIS).
Read more ...| Symbol | % Change | Last Price | Turnover |
|---|---|---|---|
| TPC | 10.1449 | 532.0 | 1,200,368.0 |
| NBB | 10.1227 | 359.0 | 78,348,179.0 |
| MKJC | 10.0209 | 527.0 | 10,408,576.0 |
| NIBLPF | 10.0000 | 11.0 | 251,978.0 |
| NTC | 9.9914 | 1,277.0 | 164,339,250.0 |
Market Summary
| Total Turnover Rs | 5,521,650,870 |
| Total Traded Shares | 10,093,221 |
| Total Transactions | 69,200 |
| Total Scripts Traded | 227 |
National News
- World Bank approves $200m support to strengthen Nepal’s financial sector
- Nepal Investment Bank Ltd receives full amount of bank guarantee
- WB report says capacity building key to implementation of federalism
- Trade deficit at Rs 1.21 trillion in first 11 months
- World Bank forecasts 5.9% growth for Nepal in FY2018/19
- India will continue its support in Nepal’s development activities: Adityanath
- World Bank approves energy credit to Nepal
International News
- Indian envoy urges Nepal to reap benefits from India’s economic rise
- India to impose retaliatory tariffs on 28 U.S. goods from Sunday
- WTO chief stresses urgency of easing trade tensions to improve global economy
- Economic reforms in India will help Nepal, says NITI vice chair
- Trade war impact: 25% hike on China's imports to US can make Indian products competitive, says CII
- Trump says deal for young immigrants is ‘NO MORE’
Corporate Announcement
Dividend of GILB
The meeting of board of director of Global IME Laghu Bitta held on Magha 4, 2079 has proposed to 12 % bonus and 8% cash as dividend for the fiscal year 2078/79
Read more ...Merger of Life Insurance Company
19-01-2023 - Insurance authority of Nepal has instructed all the life and non life insurance companies to raise its capital base to Rs. 5arba and Rs. 2 arba by the end of Chaitra 2079. In order the raise the capital base , insurance companies are programing to raise the capital base by merging the like minded company and then meeting the deficit by bonus share.
Read more ...Dividend- Sagarmatha Insurance
2022-12-22: The Board of Directors of Sagarmatha Insurance has proposed 13.1579% dividend consisting of 12.5% bonus and 0.6579% cash for the Fiscal Year 2078/79.
Read more ...Merger- Surya Life Insurance & Jyoti Life Insurance
2022-11-23: The board of Directors of Surya Life Insurance and Jyoti Life Insurance have agreed to merge two compmies.
Read more ...Everest Bank AGM
2022-11-23: The Everest Bank Limited has announced its 28th Anual General Meeting to be held at Mangsir 26th , 2079.
Read more ...Dividend - Surya Life Insurance
November 12, Kathmandu- The meeting of Board of Directors of Surya Life Insurance held in November 10, 2020 has approved and recommended to distribute 5% bonus and 5.526% cash dividend to the shareholders for the Fiscal Year 2075/76.
Read more ...