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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.
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.
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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 |
|---|---|---|---|
| NEF | 14.2857 | 8.0 | 107,211.0 |
| NIBSF1 | 12.5000 | 9.0 | 168,800.0 |
| GGBSL | 7.5188 | 286.0 | 22,380.0 |
| NLG | 4.7872 | 591.0 | 1,746,032.0 |
| BFC | 4.4444 | 94.0 | 70,645.0 |
Market Summary
| Total Turnover Rs | 182,994,905 |
| Total Traded Shares | 998,000 |
| Total Transactions | 3,578 |
| 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 - 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.
Read more ...Right Share of Surya Life Insurance
Surya Life Insurance Company has decided to call right share subscription.
Read more ...NCC Bank proposes 15.89% bonus share
Nepal Credit and Commerce Bank Limited (NCCB) has proposed 15.89% bonus share and 0.83% cash dividend for tax purpose
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