'You have to merge financial institutions that are good matches'
The Nepali financial sector will undergo Financial Sector Assessment Programme, undertaken by the World Bank and International Monetary Fund, between November 2013 and February 2014.
Insurance Board takes reins of Everest Insurance Co
OCT 10 - The Insurance Board (IB) has decided to take over the management of the Everest Insurance Company by dissolving its board and suspending its chief executive officer. It is the first time that the board has taken over the reins of any insurer in the country.
Foreign FIs okayed to issue rupee bonds
OCT 09 - The government has finally given the go-ahead to international financial institutions to issue local currency bonds in Nepal.
Grameen Bikas Bank poised to get credit of Rs 50mn
Oct.7- The government is extending a loan of Rs 50 million to state-run Sudurpaschimanchal Grameen Bikas Bank to shore up the balance sheet of the troubled microfinance institution.
IMF‚ WB to assess Nepali financial system soon
A comprehensive analysis and assessment of the Nepali financial sector is on cards as the International Monetary Fund (IMF) and World Bank (WB) will conduct a detailed financial sector assessment here from the beginning of November.
Bank plugs liquidity, easing figures before Dashain
OCT 03 - In a clear indication that excess liquidity is easing, banks and financial institutions (BFIs) oversubscribed treasury bills (T-bills) by 1.3 times.
NIBL provides financial aid to KU
Nepal Investment Bank Limited (NIBL), in a press statement, has said that is proud to extend its CSR activities in the field of education.
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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 - 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 ...Dividend - Everest Bank
November 05-2020: The Board of Directors of Everest bank has proposed 10.53% dividend consisting of 5% bonus and 5.53% cash for the fiscal year 2076-77.
Read more ...Dividend - Bank of Kathmandu Limited
The Board Of directors of Bank of Kathmandu Limited (BOKL) has proposed 3% cash and 13% stock dividend to its shareholders from the profit of Fiscal Year 2076/77.
Read more ...Dividend - Nepal Lube Oil Limited
September 29, Kathmandu- The board of Directors of Nepal Lube Oil Limited(NLO) Has proposed 10% cash dividend to its shareholders from the profit fiscal year 2076/77.
Read more ...Dividend- Unilever Nepal
Kathmandu, September 27 - The meeting of Board of Directors of Unilever Nepal Limited of 25the September has proposed cash dividend of Rs100 per share to its shareholders from the profit of FY 2076/77.
Read more ...Dividend of Machchapuchchre Bank
September 17, 2020- Board of Directors of Machhapuchchre Bank has proposed 7.03% stock dividend and 3.37% cash dividend
Read more ...