NRB makes LC mandatory for imports of over IRs 50 million
KATHMANDU, Aug 15: Nepal Rastra Bank (NRB) has made letter of credit (LC) mandatory for imports from India worth above 50 million Indian rupees from India.
World Bank board approves $100 million to help deepen financial sector reforms
WASHINGTON DC, Aug 8: The World Bank Group's Board of Executive Directors has approved a fourth Financial Sector Stability Development Policy Credit (DPC4) of $100 million to Nepal to help it continue to deepen its medium-term reform program in the financial sector.
NRB extends time for banks to publish financial reports
Kathmandu, July 30 - Nepal Rastra Bank (NRB) – the central regulatory and monetary authority – has provided additional time for commercial banks to publish their unaudited financial statements from the fourth quarter of the previous fiscal 2017-18 to the end of ongoing fiscal 2018-19.
Mutual funds under Sebon scanner for over-reliance on bank interest
KATHMANDU, July 27: Securities Board of Nepal (Sebon) has initiated a process to take action against mutual fund managers for parking their cash in bank and financial institutions (BFIs) in amounts higher than the limit.
NRB makes tax clearance certificate mandatory to avail business loans
Kathmandu, July 23 - Banks and financial institutions have been instructed to ask for tax clearance certificate from the borrower companies while granting loans.
Bank deposits surge in line with govt spending
Kathmandu, July 21- A sudden growth of deposits was witnessed in the banks along with a rise in government expenses in the last month of the previous fiscal.
Govt to set up Rs 100bn infra development bank under Chinese investment
Kathmandu, July 20 - The government has approved the proposal to form an infrastructure development bank under Chinese investment.
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Corporate News
Parliament body asks govt to solve problem of multiple taxation
KATHMANDU, Aug 15: Parliament’s Finance Committee on Tuesday issued directions to the government to take the lead in solving the chronic problem of multiple taxation by the three tiers of government, as well as the exorbitant hike in tax rates.
Read more ...Trade deficit surged five-fold in last decade
Kathmandu, August 5 - The country’s trade deficit jumped five folds in the last decade as imports have been skyrocketing and exports have slowed to a crawl in the review period.
Read more ...Commercial banks yet to reach 122 local units
KATHMANDU, July 29: According to the latest data of the Nepal Rastra Bank (NRB), commercial banks have opened their branch offices in 631 local units so far, leaving 122 local units without their coverage.
Read more ...Currency war can end global US dollar dominance & those who own gold have power
MOSCOW, June 24: The world is facing a currency war and the only hedge against the crash of the US dollar is real gold, a precious metal analyst has told RT. With geopolitical power shifting from West to East, US dominance may be ending.
Read more ...| Symbol | % Change | Last Price | Turnover |
|---|---|---|---|
| WMBF | 5.2632 | 100.0 | 129,810.0 |
| JFL | 3.7234 | 195.0 | 270,500.0 |
| MSLB | 2.4914 | 2,386.0 | 909,150.0 |
| UNL | 1.9961 | 23,965.0 | 239,650.0 |
| GBIME | 1.6949 | 300.0 | 6,562,039.0 |
Market Summary
| Total Turnover Rs | 226,172,094 |
| Total Traded Shares | 603,102 |
| Total Transactions | 3,628 |
| Total Scripts Traded | 160 |
National News
- Govt keen to buy 935,000 tonnes of fertilisers from India
- Transition to federalism may cost 3-4% of GDP: WB
- Nation facing economic crisis ahead, says FM Khatiwada
- Nepal’s bid to remain among the poorest succeeds
- Local units liable for their expenditure
- WB approves $80m credit to support livestock development
- UN experts stress action on sustainable dev
International News
- 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’
- Rejecting protectionism, ASEAN and Australia commit to free trade
- EU targets 20 nations for helping tax avoidance
- Rasuwagadhi-Kerung becomes int’l crossing point
- India’s central bank governor says state banks need more capital
Corporate Announcement
National Life Insurance Extends Right Share Subscription Period
Kathmandu, August 20- National Life Insurance Company ( NLICL) has extended time period for right share subscription. The deadline for subscription of 60% right share has been extended to Bhadra 19, 2075.
Read more ...Unilever launches new laundry soap
KATHMANDU, Aug 7: Unilever Nepal Limited has launched a new laundry soap named 'Wheel 2 in 1' in the Nepali market.
Read more ...Book Closure of Surya Life for Right Shares
Surya Life Insurance Company Ltd. has informed NEPSE on 2074-12-27 about the Book Closure notice for issuing Rights Share. Surya Life has announced 40% right share issuance.
Read more ...UNL’s CSR initiative
KATHMANDU: Every year, March 20 is celebrated as World Oral Heath Day on the initiation by World Dental Federation.
Read more ...Bonus shares of SCB and JBBL
Kathmandu, December 10 - As per the information from NEPSE, the Board of Directors of Standard Chartered Bank (SCB) has proposed 100% stock dividend and 5.26% cash dividend to its shareholders from its performance of fiscal year 2073-74.
Read more ...Everest Bank Dividend
KATHMANDU, Nov 18: Everest Bank Ltd has decided to issue 33 percent bonus shares. The bank's board of directors approved the issuance of bonus shares on Thursday.
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