19 companies await Sebon nod to launch rights issue
KATHMANDU, July 22: A total of 19 companies are awaiting approval of the Securities Board of Nepal (Sebon) to float 135.75 million units of rights issue. According to the Sebon, these 19 companies plan to raise Rs 13.56 billion from the rights issue.
IB sets insurance agents’ incentive cap
Kathmandu, July 14 - Putting to rest the age-old dispute between the insurance companies and agents, Insurance Board — the insurance sector regulator — has decided that incentives provided to insurance agents cannot exceed 18 per cent.
NRB raises credit for productive sector
Kathmandu, July 9 - Nepal Rastra Bank has directed commercial banks to increase the flow of credit to the ‘productive’ sector by five percentage points to 25 per cent of their total lending.
Civil Bank starts joint operation
Kathmandu, July 2 - Civil Bank has started joint operation after acquiring Hama Merchant Finance and Unique Finance from today.
Bank is not a business firm: NRB governor
June 30, KATHMANDU: Nepal Rastra Bank Governor Chiranjibi Nepal has stressed on the need of enhancing the efficiency and transparency of banks and financial institutions.
NRB mulling to increase size of refinancing fund
Jun 26, 2017- Nepal Rastra Bank (NRB) has been mulling to increase the size of its refinancing fund.
Deadline for revised paid-up capital requirement won’t be extended: NRB
Kathmandu, June 11 - Nepal Rastra Bank has said there will be no revision in the fast approaching deadline given by the central bank to the banks and financial institutions (BFIs) to raise their paid-up capital.
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Corporate News
Century Bank acquires Sagarmatha Finance
KATHMANDU , July 16: Century Commercial Bank Ltd has acquired Sagarmatha Finance. Issuing a press statement on Saturday, the bank said the integrated operation has started on Saturday.
Read more ...Nepal Stock Exchange to go fully automatic in Nov
Jul 8, 2017- The Nepal Stock Exchange (Nepse) will be entering a new era on November 7 when it goes fully automatic. The country’s only stock exchange has planned to launch a fully automated online trading system.
Read more ...Nepse loses 22 points
KATHMANDU, July 3: Nepal Stock Exchange (Nepse) index plunged 21.99 points on Sunday as the government's preparation to bring brokerage commission within the scope of value added tax (VAT) sends panic among investors.
Read more ...Joint Operation of Kumari Bank
June 18, Kathmandu - Nepal Rastra Bank has given approval for the acquisition of three development bank and one finance company to Kumari Bank.
Read more ...| Symbol | % Change | Last Price | Turnover |
|---|---|---|---|
| HAMRO | 9.8859 | 289.0 | 1,975,567.0 |
| KMBSL | 9.6970 | 181.0 | 947,200.0 |
| HGI | 9.6933 | 894.0 | 22,487,971.0 |
| LGIL | 7.0858 | 1,073.0 | 25,585,191.0 |
| SMFDB | 5.3791 | 3,350.0 | 7,530,958.0 |
Market Summary
| Total Turnover Rs | 1,060,138,430 |
| Total Traded Shares | 1,557,156 |
| Total Transactions | 9,014 |
| Total Scripts Traded | 151 |
National News
- IMF officials see monetary policy heading ‘on the right track’
- Rs 4 billion needed to establish provincial assemblies
- Economy cannot tolerate inflation of over 6.4pc: NRB
- RBI rules out meeting NRB conditions
- ‘NRNs should invest in hydel, service sectors’
- Ginger farmers rue sharp decline in sales
- Productive Sector Lending: Central bank issues mid-July deadline
International News
Corporate Announcement
Global-Reliable pact
June 24, KATHMANDU : A special general meeting of Global IME Bank has approved the acquisition of Reliable Development Bank
Read more ...Everest Bank to issue 33.33% Right Share
Kathmandu, June 15 - Everest Bank will be issuing 3: 1 right shares to its shareholders from Asadh 18, 2074.
Read more ...Book Closure of Everest Bank
Kathmandu,June 14 - Everest bank has informed NEPSE that the register of its shareholders will remain close on 2074-03-07 for the purpose of issuing right shares to its shareholders in the ratio 3:1
Nepal Life Insurance to give 26.31 percent bonus shares
KATHMANDU, March 29: The 17th annual general meeting of Nepal Life Insurance Company Ltd on Monday has approved a proposal of its board of directors (BOD) to distribute 26.31 percent bonus shares (including tax) to the company’s shareholders.
Read more ...Deva Development Bank to acquire Union Finance
KATHMANDU, March 23: Deva Development Bank Ltd has signed a memorandum of understanding (MoU) to acquire Union Finance Ltd (UFCL). Trading of UFCL has been halted due to the acquisition process.
Read more ...Mahalaxmi and Yeti sign merger agreement
March 15 - Mahalaxmi Development bank , which has come to existence with the merging of Mahalaxmi Finance, Malika Bikash Bank and Siddhartha Finance has decided to merge with Yeti development Bank. Swap ratio decided for the merger is 1:1.
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