Weekly Stock News March 01 - 05
Kathmandu, March 7,-Nepse plummets 12 per cent on FinMin Khatiwada’s reappointment.
Readmore...New NRB rule to hit banks’ lending capacity in short-run
KATHMANDU, Aug 17: A new rule introduced by Nepal Rastra Bank (NRB) that no longer allows bank and financial institutions (BFIs) to count interbank deposits for their credit to core capital-cum-deposit (CCD) ratio has made the situation worse for some commercial banks that are already facing shortage of lendable funds.
NRB issues circular to implement monetary policy
KATHMANDU, August 15 :Nepal Rastra Bank (NRB) has issued a circular to bank and financial institutions (BFIs) for implementing provisions related to house and auto loans ceiling as well as measures to send them to local units, among other provisions, announced in the Monetary Policy for Fiscal Year 2017/18.
Dev banks to be allowed to handle govt transactions in local units
KATHMANDU, August 14: Nepal Rastra Bank (NRB) is preparing to allow development banks to handle government transactions in local units after commercial banks showed reluctant to show their presence in all local units.
Nepal Rastra Bank opens licence for Infrastructure Development Bank
Kathmandu, August 11 - Nepal Rastra Bank (NRB) has opened the licence for Infrastructure Development Bank, which will have paid-up capital of Rs 20 billion.
SEBON issues code of conduct for BoDs
Kathmandu, August 4 - The Securities Board of Nepal (SEBON) has directed its Board of Directors (BoDs) not to invest in the promoter shares of any company that has received any kind of permission from the board and also to refrain from making any investment in the secondary market.
Fin Min Karki defends monetary policy
Kathmandu, July 31 - Finance Minister Gyanendra Bahadur Karki has defended the monetary policy, which has been widely criticized for its likelihood to shrink investment, stating that the policy would in fact be a road map for economic development.
NRB to introduce guideline on operation of interest corridor soon
Jul 29, 2017- The Nepal Rastra Bank (NRB), the central bank, is soon introducing a guideline to commence operation of the refurbished interest rate corridor, which aims to keep all interest rates in the banking system within a band of 3 percent to 7 percent in the fiscal year 2017-18 which began on July 16.
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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 |
|---|---|---|---|
| SMFBS | 8.0738 | 937.0 | 36,410.0 |
| LLBS | 3.9530 | 973.0 | 123,010.0 |
| NGPL | 3.8095 | 109.0 | 116,346.0 |
| GUFL | 3.8095 | 109.0 | 67,410.0 |
| GFCL | 3.3784 | 153.0 | 298,261.0 |
Market Summary
| Total Turnover Rs | 476,654,971 |
| Total Traded Shares | 1,061,890 |
| Total Transactions | 8,409 |
| Total Scripts Traded | 142 |
National News
- 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
- Reserve Bank of India unlikely to swap banned Indian notes lying in 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
Mergerer
Arambha Laghu Bitta Sanstha (AMFI) is merging with Chautari Laghu Bitta Sanstha in 1:1 ratio.
Read more ...Dividend - Siddhartha Bank
Kathmandu- The annual general meeting of Siddhartha bank held on October 24, 2019 has approved 25.26% dividend to its shareholders for the fiscal year 2075-76.
Read more ...Dividend Standard Chartered Bank
Kathmandu- Board meeting of the bank held on October 21, 2019 has proposed 22.5% cash dividend to its shareholders from the profit it has earned in the fiscal year 2075-76.
Read more ...Dividend - Bank of Kathmandu
Kathmandu- The Meeting of Board of Directors of Bank of Kathmandu held on 2076-5-15 has proposed 6% bonus share and 11% cash dividendto its shareholders for the fiscal year 2075-76.
Read more ...Dividend - Kumari & NIC Asia Bank
August 28- 2019, The meeting of board of Directors of Kumari Bank has proposed 10% bonus dividend and cash equivalent to tax required for bonus share as dividend to the shareholders for the fiscal year 2075-76.
Read more ...Dividend - Citizen Bank International
August 27-2019, The meeting of Board of Directors of Citizen bank International has proposed 3% bonus and 12% cash as dividend from the net profit it has earned in the last fiscal year 2075-76.
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