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.
NRB begins process to offload its shares in Nepse Ltd
KATHMANDU, July 17: Nepal Rastra Bank (NRB) is offloading its shares in Nepal Stock Exchange Ltd (Nepse). Issuing a notice on Tuesday, the central bank said that it was divesting its stake in the country’s only stock exchange company.
Global IME and Janata Bank sign MoU for merger
KATHMANDU, July 6: Global IME Bank Ltd and Janata Bank Ltd have agreed to merge, becoming the first pair to announce their intent to amalgamate after the government took a formal policy to encourage ‘big’ merger through the budget for the upcoming fiscal year 2019/20.
Private sector seeks interest rate stability
Kathmandu, July 4 - As Nepal Rastra Bank (NRB) is preparing to unveil the Monetary Policy for fiscal year 2019-20 next week, the country’s private sector has said that the policy should primarily focus on ensuring stability in the banking interest rate and promoting business growth.
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Corporate News
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 ...Sebon unveils policies and programs for FY 2019/20
KATHMANDU, July 16: The Securities Board of Nepal (Sebon) has unveiled a 72-point Policy and Program for Fiscal Year 2019/20 for the development of the securities and commodities exchange market.
Read more ...| Symbol | % Change | Last Price | Turnover |
|---|---|---|---|
| STC | 9.9325 | 1,140.0 | 168,940.0 |
| GGBSL | 9.9078 | 477.0 | 70,500.0 |
| SPDL | 5.1948 | 81.0 | 55,711.0 |
| BBC | 3.9483 | 1,448.0 | 28,680.0 |
| MSMBS | 3.2258 | 480.0 | 39,490.0 |
Market Summary
| Total Turnover Rs | 356,861,857 |
| Total Traded Shares | 1,188,845 |
| Total Transactions | 4,957 |
| Total Scripts Traded | 160 |
National News
- 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
- Govt keen to buy 935,000 tonnes of fertilisers from India
- Transition to federalism may cost 3-4% of GDP: WB
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 - 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.
Read more ...Dividend - First Micro Finance
August 12-2019: As per the notification, 154th meeting of the board of Directors of First Microfinance laghu bitta Bittiya Sanstha held on 2076-04-27 has proposed of 17% bonus and 0.8947% cash dividend from the profit of fiscal year 2075/76.
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