Net profit of 25 banks surges by 49 percent
Feb 14, 2017- The profit of commercial banks is likely to grow by almost 50 percent in the second quarter of this fiscal year buoyed by soaring demand for loan after the end of the trade blockade imposed by India.
Banks required to submit loan portfolio to NRB every month
Kathmandu, February 12 - Nepal Rastra Bank (NRB) — the central regulatory and monetary authority — has instructed the banks and financial institutions (BFIs) to submit the monthly details of loan expansion to the productive sector within 15 days of the following month.
NRB tells BFIs to stop interest rate distortion, other anomalies
KATHMANDU, Feb 9: Concluding that the banks and financial institutions (BFIs) are perpetuating anomalies in the financial sector, Nepal Rastra Bank (NRB) has instructed them to abide by self-regulation before the central bank takes stern action against them.
Banks breaching the limit set on lending
Feb 7, 2017- Some of the commercial banks have started posing a threat to the country’s financial stability, as they have been found to be deliberately breaching the regulatory limit on lending for quite some time and covering up the malpractices by manipulating the figures on the balance sheets.
Odd lot shares to be traded in regular hours
KATHMANDU, Feb 4: Nepal Stock Exchange (Nepse) has said that it will now allow trading of odd lot shares (shares below 10 units) during regular trading hours and days.
Kumari Bank gets nod to acquire four institutions
Kathmandu, Feb 01-Nepal Rasta Bank (NRB) has permitted Kumari Bank Ltd to acquire Kasthamandap Development Bank Ltd, Pashchimanchal Finance Company Ltd, Mahakali Bikas Bank Ltd and Kankrebihar Development Bank Ltd.
SEBON scraps rule of parking money collected in IPO/FPO at NRB
KATHMANDU, Jan 28 : While bankers are ruing shortage of loan-able funds due to slow growth in deposits, Securities Board of Nepal (Sebon) has scrapped a rule that required the money collected in the initial public offering (IPO) or follow-up public offering (FPO) to be parked at the Nepal Rastra Bank (NRB) for a certain period of time.
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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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