No need to revisit currency peg: Guv
KATHMANDU: Nepal Rastra Bank has said it will be irrelevant to remove or readjust the peg with Indian currency at the moment, in a statement that is likely to quell debates over change in currency regime that have been taking place since Nepali rupee started taking a beating against the US dollar.
Nepse mulls full automation system
KATHMANDU: To attract new investors to the capital market, Nepal Stock Exchange (Nepse) is moving forward with the plan to introduce online trading system and new investment instruments.
NRB to study country’s gold demand in market
AUG 24 - Amid complaints from traders that the quota imposed by the central bank on the daily supply of gold from banks is inadequate, Nepal Rastra Bank ( NRB ) Governor Yuba Raj Khatiwada on Friday said the central bank will conduct a study on the country's gold market.
MFIs told to get credit report of borrowers
KATHMANDU, AUG 13 - Micro finance institutions (MFIs) have been required to obtain the credit history of potential borrowers from the local branch offices of commercial banks, development banks or finance companies before extending loans exceeding Rs 50,000.
NRB seeks capital plan
Banks and financial institutions that have yet to fulfill the regulatory paid up capital requirement will have to submit their capital plan by the end of the first quarter of the current fiscal year.
Upper Tamakoshi hydro applies to Sebon for Rs 5.18b IPO
AUG 10 - Having completed almost 50 percent of the construction work, the Upper Tamakoshi Hydropower Project Limited (UTHPL) is now gearing up for an initial public offering (IPO). Worth Rs 5.18 billion, the IPO will be the country's largest so far.
'NRB needs to clearly define productive sector'
Less than a month back, Nepal Rastra Bank (NRB) had brought an expansionary monetary policy with an aim to contain interest rates to expand credit. The central bank has already implemented most of the major changes announced.
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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
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