NRB bars BFIs from revising lending rate
Kathmandu, March 19 - Banks and financial institutions (BFIs) have been barred from revising the interest rate on loans that have already been issued.
World Bank giving $100m to strengthen financial sector
KATHMANDU, Mar 4: The World Bank has approved a US$ 100 million credit to help Nepal accelerate its medium-term reform program for the financial sector, and to reduce the vulnerability of the banking sector and increase its transparency.
BFIs deliberately breaching lending limit face music
Mar 1, 2017- Nepal Rastra Bank (NRB) has initiated action against half dozen commercial banks after they were found to have deliberately breached the regulatory lending limit.
NRB sets 50% loan limit on private vehicle
KATHMANDU, Feb 21: Nepal Rastra Bank (NRB) has said that it won’t allow banks to extend more than 50 percent of the valuation of the private vehicles while lending loan.
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.
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Corporate News
Country’s forex reserves slump to 32-month low
Kathmandu, December 24- Nepal’s foreign exchange reserves have slumped to a 32-month low despite robust growth in remittance income and downward revision in foreign exchange facility for Nepalis visiting overseas, raising the spectre of the country facing a balance of payments crisis if the problem continues to grow.
Read more ...Doha Bank opens representative office in Nepal
Kathmandu, December 19 - Doha Bank, one of the largest commercial banks in Qatar, has opened its liaison office in Nepal as per the permission granted by the central bank about six months ago.
Read more ...Parliament body asks govt to solve problem of multiple taxation
KATHMANDU, Aug 15: Parliament’s Finance Committee on Tuesday issued directions to the government to take the lead in solving the chronic problem of multiple taxation by the three tiers of government, as well as the exorbitant hike in tax rates.
Read more ...Trade deficit surged five-fold in last decade
Kathmandu, August 5 - The country’s trade deficit jumped five folds in the last decade as imports have been skyrocketing and exports have slowed to a crawl in the review period.
Read more ...| Symbol | % Change | Last Price | Turnover |
|---|---|---|---|
| CHLBS | 9.9515 | 453.0 | 17,730.0 |
| HDL | 3.8314 | 1,355.0 | 26,860.0 |
| SWBBL | 3.6269 | 800.0 | 147,840.0 |
| NABILP | 3.1768 | 747.0 | 24,392,564.0 |
| PICL | 2.4242 | 676.0 | 724,970.0 |
Market Summary
| Total Turnover Rs | 234,594,381 |
| Total Traded Shares | 876,208 |
| Total Transactions | 5,147 |
| Total Scripts Traded | 161 |
National News
- 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
- Nation facing economic crisis ahead, says FM Khatiwada
International News
- 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’
- Rejecting protectionism, ASEAN and Australia commit to free trade
- EU targets 20 nations for helping tax avoidance
- Rasuwagadhi-Kerung becomes int’l crossing point
Corporate Announcement
Dividend - Hotel Soaltee 26.31%
Nov 19, 2018- The meeting of Board of Directors Soaltee Hotel has proposed 26.315789% dividend to its shareholders from the earning of Fiscal Year 2074/75.
Read more ...Dividend - NIC Asia Bank
Nov.18, 2018 - The meeting of Board of Directors of NIC Asia Bank held in Kartik 30, 2075 has proposed 10 percent stock bonus and 0.526 percent cash dividend from the net profit it has earned in the last fiscal year 2074-75.
Read more ...Dividend - Oriental Hotel
Kathmandu- September 25-2018, The meeting of Board of Directors of hotel Oriental (OHL) held on Aashwin 08, 2075 decided to propose 15% stock bonus and 11.32 percent and cash dividend to the shareholders from the earnings of Fiscal Year 2074-75.
Read more ...Uni Lever's Dividend for the Fiscal Year 2074-75
Kathmandu, September 13, 2018 - As per NEPSE, 150th Board meeting of Board of Directors of Unilever Nepal has recommended distribution of Rs700.00 per share as dividend out of the profit available for appropriation for the year 2074/75.
Read more ...Dividend of Mahalaxmi Bikash Bank
Kathmandu, August 28- The board of directors of Mahalaxmi Bikash Bank has proposed 15% dividend (8% stock and 7% cash) from the earning of last fiscal year.
Read more ...Right Share Subscription of NCC Bank starts
Kathmandu, August 21- Nepal Credit and Commerce Bank has opened 50% right share subscription from Bhadra 04, 2075. The share holders having purchased shares up to Sharawan 14,2075 are eligible to apply for the right share of the bank.
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