Central bank directs BFIs to operate with limited employees
KATHMANDU, AUGUST 9- Nepal Rastra Bank today directed banks and financial institutions to deploy staff at its branches on a turn-wise basis, keeping in view the rising number of coronavirus cases in Kathmandu valley.
Employees Provident Fund to establish stock dealer company
Kathmandu, February 4 - With an aim to expand the secondary market and make it more attractive and investment-friendly, the stateowned Employees Provident Fund (EPF) has said it will establish a stock dealer company.
IMF projects economic growth at 6pc
Kathmandu- January 17, An International Monetary Fund (IMF) mission, which recently concluded its discussions for 2020 Article IV consultation in Nepal, has projected economic growth of six per cent in the ongoing fiscal year.
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.
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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 |
|---|---|---|---|
| NIBLPF | 12.5000 | 9.0 | 233,791.0 |
| SDLBSL | 9.8859 | 578.0 | 79,850.0 |
| GHL | 9.2593 | 59.0 | 48,000.0 |
| IGI | 3.5556 | 466.0 | 5,993,057.0 |
| UIC | 2.9777 | 415.0 | 62,073,479.0 |
Market Summary
| Total Turnover Rs | 951,960,209 |
| Total Traded Shares | 3,032,311 |
| Total Transactions | 20,719 |
| Total Scripts Traded | 188 |
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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