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.
Monetary Policy to be unveiled today
Kathmandu, July 10 - Nepal Rastra Bank, the central regulatory and monetary authority, will unveil the Monetary Policy 2018-19 tomorrow, introducing a provision whereby domestic banks will be able to hedge against convertible foreign currency by borrowing from foreign banks.
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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 |
|---|---|---|---|
| SEF | 11.1111 | 10.0 | 1,619,168.0 |
| GLICL | 9.8229 | 682.0 | 38,773,174.0 |
| GBIME | 9.7473 | 304.0 | 39,066,069.0 |
| PPCL | 9.5238 | 138.0 | 295,890.0 |
| SPARS | 5.9355 | 821.0 | 2,424,385.0 |
Market Summary
| Total Turnover Rs | 1,519,976,761 |
| Total Traded Shares | 4,455,545 |
| Total Transactions | 13,797 |
| Total Scripts Traded | 183 |
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
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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