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.
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.
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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 |
|---|---|---|---|
| AIL | 9.9872 | 859.0 | 22,454,217.0 |
| SLI | 9.9668 | 662.0 | 702,837.0 |
| MKLB | 9.9200 | 687.0 | 53,624.0 |
| UMRH | 4.1607 | 726.0 | 25,628,414.0 |
| NRN | 4.0741 | 843.0 | 60,435,626.0 |
Market Summary
| Total Turnover Rs | 9,290,554,168 |
| Total Traded Shares | 15,681,184 |
| Total Transactions | 93,218 |
| Total Scripts Traded | 226 |
National News
- World Bank approves $200m support to strengthen Nepal’s financial sector
- 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
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 - Surya Life Insurance
November 12, Kathmandu- The meeting of Board of Directors of Surya Life Insurance held in November 10, 2020 has approved and recommended to distribute 5% bonus and 5.526% cash dividend to the shareholders for the Fiscal Year 2075/76.
Read more ...Dividend - Everest Bank
November 05-2020: The Board of Directors of Everest bank has proposed 10.53% dividend consisting of 5% bonus and 5.53% cash for the fiscal year 2076-77.
Read more ...Dividend - Bank of Kathmandu Limited
The Board Of directors of Bank of Kathmandu Limited (BOKL) has proposed 3% cash and 13% stock dividend to its shareholders from the profit of Fiscal Year 2076/77.
Read more ...Dividend - Nepal Lube Oil Limited
September 29, Kathmandu- The board of Directors of Nepal Lube Oil Limited(NLO) Has proposed 10% cash dividend to its shareholders from the profit fiscal year 2076/77.
Read more ...Dividend- Unilever Nepal
Kathmandu, September 27 - The meeting of Board of Directors of Unilever Nepal Limited of 25the September has proposed cash dividend of Rs100 per share to its shareholders from the profit of FY 2076/77.
Read more ...Dividend of Machchapuchchre Bank
September 17, 2020- Board of Directors of Machhapuchchre Bank has proposed 7.03% stock dividend and 3.37% cash dividend
Read more ...