KATHMANDU, Dec 18: The Least Developed Countries (LDCs) in Asia and the Pacific have voiced a strong determination to graduate from their LDC status by 2022 AD.
KATHMANDU, Dec 17: Nepali rupee plunged to an 11-month low of 101.01 against US dollar on Tuesday, after Indian currency, with which the rupee is pegged, fell to a 13-month low against the greenback.
Dec 13,KATHMANDU: Nepal Bankers' Association (NBA), the umbrella body of commercial banks, has called upon Nepal Rastra Bank (NRB) to ensure uniformity in laws governing the remittance sector, as bankers complained that a recent circular issued by the central bank unduly favors remittance companies.
Dec. 09, KATHMANDU: Banks and financial institutions (BFIs) collect almost 68 per cent of deposits from Kathmandu Valley and extend around 56 per cent of loans to borrowers based in the Capital, indicating that financial services are not easily available to people living outside the Valley.
KATHMANDU: Following a series of merger deals with three different financial institutions earlier, NMB Bank, a class 'A' financial institution, has again extended hand to merge with Prudential Finance, a class 'C' financial institution. The agreement might be finalised by Sunday.