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IB sets insurance agents’ incentive cap
Kathmandu, July 14 - Putting to rest the age-old dispute between the insurance companies and agents, Insurance Board — the insurance sector regulator — has decided that incentives provided to insurance agents cannot exceed 18 per cent.
NRB raises credit for productive sector
Kathmandu, July 9 - Nepal Rastra Bank has directed commercial banks to increase the flow of credit to the ‘productive’ sector by five percentage points to 25 per cent of their total lending.
Civil Bank starts joint operation
Kathmandu, July 2 - Civil Bank has started joint operation after acquiring Hama Merchant Finance and Unique Finance from today.
Bank is not a business firm: NRB governor
June 30, KATHMANDU: Nepal Rastra Bank Governor Chiranjibi Nepal has stressed on the need of enhancing the efficiency and transparency of banks and financial institutions.
NRB mulling to increase size of refinancing fund
Jun 26, 2017- Nepal Rastra Bank (NRB) has been mulling to increase the size of its refinancing fund.
Deadline for revised paid-up capital requirement won’t be extended: NRB
Kathmandu, June 11 - Nepal Rastra Bank has said there will be no revision in the fast approaching deadline given by the central bank to the banks and financial institutions (BFIs) to raise their paid-up capital.
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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
Read more ...