Dev banks to be allowed to handle govt transactions in local units
KATHMANDU, August 14: Nepal Rastra Bank (NRB) is preparing to allow development banks to handle government transactions in local units after commercial banks showed reluctant to show their presence in all local units.
Nepal Rastra Bank opens licence for Infrastructure Development Bank
Kathmandu, August 11 - Nepal Rastra Bank (NRB) has opened the licence for Infrastructure Development Bank, which will have paid-up capital of Rs 20 billion.
SEBON issues code of conduct for BoDs
Kathmandu, August 4 - The Securities Board of Nepal (SEBON) has directed its Board of Directors (BoDs) not to invest in the promoter shares of any company that has received any kind of permission from the board and also to refrain from making any investment in the secondary market.
Fin Min Karki defends monetary policy
Kathmandu, July 31 - Finance Minister Gyanendra Bahadur Karki has defended the monetary policy, which has been widely criticized for its likelihood to shrink investment, stating that the policy would in fact be a road map for economic development.
NRB to introduce guideline on operation of interest corridor soon
Jul 29, 2017- The Nepal Rastra Bank (NRB), the central bank, is soon introducing a guideline to commence operation of the refurbished interest rate corridor, which aims to keep all interest rates in the banking system within a band of 3 percent to 7 percent in the fiscal year 2017-18 which began on July 16.
Local, provincial reps can’t be on BFI board
Kathmandu, July 24 - Nepal Rastra Bank has barred the local and provincial representatives from joining the board of banks and financial institutions during their tenure.
19 companies await Sebon nod to launch rights issue
KATHMANDU, July 22: A total of 19 companies are awaiting approval of the Securities Board of Nepal (Sebon) to float 135.75 million units of rights issue. According to the Sebon, these 19 companies plan to raise Rs 13.56 billion from the rights issue.
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Corporate News
High lending rates pose threat to productive sector
Kathmandu, May 1 - One-and-a-half years ago, Bhim Lal Poudel, the owner of Royal Shoe, rapidly expanded business operation, raising the factory’s staff strength by around 50 per cent to 225. A critical factor that encouraged Poudel to increase production of shoes was low interest rate on loans.
Read more ...Letter of Credit to be made mandatory for trade with India, China
KATHMANDU, April 18: Nepali traders will have to start using banking channel for making or receiving payments from traders in China and India very soon.
Read more ...Trade experts debate fourth industrial revolution
Kathmandu, April 3, As the world has been witnessing the fourth industrial revolution, which is largely related with artificial intelligence and the internet of things, this progress could bring transformative changes in the economic development of the least developed countries (LDCs) if they are able to access advanced technologies.
Read more ...Banks have three days to submit plan to reach all unbanked units
KATHMANDU, March 22: Nepal Rastra Bank (NRB) has told commercial banks to come up within three days commitment to open branch offices in 116 local units where they have become reluctant to expand their presence so far.
Read more ...| Symbol | % Change | Last Price | Turnover |
|---|---|---|---|
| AMFI | 7.0496 | 410.0 | 8,120.0 |
| RHPC | 4.0984 | 127.0 | 97,620.0 |
| AKPL | 3.5461 | 292.0 | 35,810.0 |
| GFCL | 3.3333 | 124.0 | 257,760.0 |
| VLBS | 3.0184 | 785.0 | 472,560.0 |
Market Summary
| Total Turnover Rs | 196,614,153 |
| Total Traded Shares | 623,211 |
| Total Transactions | 3,513 |
| Total Scripts Traded | 163 |
National News
- Transition to federalism may cost 3-4% of GDP: WB
- Nation facing economic crisis ahead, says FM Khatiwada
- Nepal’s bid to remain among the poorest succeeds
- Local units liable for their expenditure
- WB approves $80m credit to support livestock development
- UN experts stress action on sustainable dev
- Breakthrough in Upper Tamakoshi hydro-electric project
International News
- Trump says deal for young immigrants is ‘NO MORE’
- Rejecting protectionism, ASEAN and Australia commit to free trade
- EU targets 20 nations for helping tax avoidance
- Rasuwagadhi-Kerung becomes int’l crossing point
- India’s central bank governor says state banks need more capital
- Debt, protectionism could drag down improving global economy
Corporate Announcement
Book Closure of Surya Life for Right Shares
Surya Life Insurance Company Ltd. has informed NEPSE on 2074-12-27 about the Book Closure notice for issuing Rights Share. Surya Life has announced 40% right share issuance.
Read more ...UNL’s CSR initiative
KATHMANDU: Every year, March 20 is celebrated as World Oral Heath Day on the initiation by World Dental Federation.
Read more ...Bonus shares of SCB and JBBL
Kathmandu, December 10 - As per the information from NEPSE, the Board of Directors of Standard Chartered Bank (SCB) has proposed 100% stock dividend and 5.26% cash dividend to its shareholders from its performance of fiscal year 2073-74.
Read more ...Everest Bank Dividend
KATHMANDU, Nov 18: Everest Bank Ltd has decided to issue 33 percent bonus shares. The bank's board of directors approved the issuance of bonus shares on Thursday.
Read more ...Dividend Announcerment of Himalayan Bank
KATHMANDU: Nov 01 - The meeting of the board of directors of Himalayan Bank Ltd (HBL) held on Tuesday has decided to provide 25 per cent bonus share and 1.3158 per cent cash dividend (for tax purpose) to its shareholders from the net profit it had earned in the fiscal year 2073-74, as per a press statement.
Read more ...Dividend of Nepal Investment Bank
Kathmandu,September 6 - As per the information from NEPSE, the Board of Directors of Nepal Investment Bank has proposed 15% stock dividend and 25% cash dividend to its shareholders from its performance of last fiscal year.
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