Weekly Stock News March 01 - 05
Kathmandu, March 7,-Nepse plummets 12 per cent on FinMin Khatiwada’s reappointment.
Readmore...Govt to intervene to reduce interest rate volatility
Kathmandu, December 19 - The Ministry of Finance is expected to direct the central bank to revise the base rate calculation formula, cap premium on base rate at two per cent, instruct banks to tie-up deposit rate to inflation, and raise the loan-to-value ratio on credit intended for stock investors.
Commercial banks compete to attract fixed deposits
Kathmandu, October 9- Commercial banks have started competing in interest rate to attract fixed deposits, breaching their earlier gentleman’s agreement.
NRB Governor says technology can help in enhancing financial inclusion
KATHMANDU, Oct 1: Nepal Rastra Bank (NRB) has launched Nepal Financial Inclusion Portal to track progress of financial inclusion across the country.
Nepal’s economy to grow at a healthy, but slower rate in FY2019: ADB
KATHMANDU, Sept 26: Nepal’s economy is anticipated to grow by 5.5% (at basic prices) in fiscal year (FY) 2019, down from 5.9% a year earlier says the latest Asian Development Bank (ADB) Nepal Macroeconomic Update.
‘Economy on right track’
Kathmandu, Sept 22- Stating that the economy is progressing on the right track, Finance Minister Yubaraj Khatiwada said the country is expected to achieve growth for the third consecutive year this fiscal.
Nepal’s most vulnerable investors will benefit from improved safeguards on local shares: IFC report
Kathmandu, September 18 - A report on analysis of Nepal’s innovative benefit-sharing policy that allows communities to invest in hydropower projects through the purchase of ‘local shares’ has recommended more community education and improved regulation to maximise opportunities for investors while protecting them from undue risks.
Banks seek traditional tax calculation method
Kathmandu, September 3- Commercial banks have sought Nepal Rastra Bank (NRB)’s favour to apply the traditional method in tax calculation.
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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 |
|---|---|---|---|
| JOSHI | 7.6923 | 56.0 | 35,150.0 |
| GHL | 3.2787 | 63.0 | 21,840.0 |
| BBC | 1.9880 | 1,693.0 | 540,650.0 |
| UPPER | 1.3158 | 231.0 | 12,884,851.0 |
| BNT | 1.1744 | 6,375.0 | 440,000.0 |
Market Summary
| Total Turnover Rs | 1,465,184,655 |
| Total Traded Shares | 4,367,775 |
| Total Transactions | 18,257 |
| Total Scripts Traded | 175 |
National News
- 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
- Govt keen to buy 935,000 tonnes of fertilisers from India
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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