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.
Nepal’s economy projected to grow by 5.5pc: IMF
Kathmandu, January 23 - The International Monetary Fund (IMF) has projected that the country’s economy will grow by 5.5 per cent in this fiscal. The outlook given by the international organisation is, however, a full percentage point lower than the government’s target of 6.5 per cent growth in 2016-17.
Note ban: Indian officials to visit Nepal soon
Jan 15, 2017- Officials of the Indian finance ministry and the central bank will soon visit Nepal to take stock of preparations made by Nepal to provide currency exchange facility to Nepalis holding banned Indian banknotes.
NRB shrugs off liquidity crunch in face of 'aggressive lending' by BFIs
KATHMANDU, Jan 10: As banks and financial institutions (BFIs) up their 'aggressive' lending, Nepal Rastra Bank (NRB) has taken a cautious strategy of tightening liquidity (loan-able funds) to curb any lending binge, particularly in unproductive sectors.
Banks seek NRB financing facility as liquidity tightens
KATHMANDU, Jan 5: Running out of funds to extend new loans due to liquidity crunch, banks are now turning up to Nepal Rastra Bank (NRB) for financing facility.
Approval for Joint Transactions
Jan 03, 2017- Nepal Credit & Commerce Bank Limited (NCCB) has received approval from Nepal Rastra Bank to initiate Joint banking transaction with completion of merger process.
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Corporate News
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 ...Commercial banks yet to reach 122 local units
KATHMANDU, July 29: According to the latest data of the Nepal Rastra Bank (NRB), commercial banks have opened their branch offices in 631 local units so far, leaving 122 local units without their coverage.
Read more ...Currency war can end global US dollar dominance & those who own gold have power
MOSCOW, June 24: The world is facing a currency war and the only hedge against the crash of the US dollar is real gold, a precious metal analyst has told RT. With geopolitical power shifting from West to East, US dominance may be ending.
Read more ...| Symbol | % Change | Last Price | Turnover |
|---|---|---|---|
| NEF | 12.5000 | 9.0 | 18,723.0 |
| NMBHF1 | 11.1111 | 10.0 | 34,721.0 |
| BNT | 8.0961 | 6,075.0 | 12,089,050.0 |
| UNL | 6.1122 | 23,975.0 | 705,250.0 |
| CORBL | 6.0000 | 106.0 | 330,150.0 |
Market Summary
| Total Turnover Rs | 459,686,112 |
| Total Traded Shares | 1,375,602 |
| Total Transactions | 6,515 |
| Total Scripts Traded | 166 |
National News
- 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
- 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
International News
- 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
- India’s central bank governor says state banks need more capital
Corporate Announcement
Unilever launches new laundry soap
KATHMANDU, Aug 7: Unilever Nepal Limited has launched a new laundry soap named 'Wheel 2 in 1' in the Nepali market.
Read more ...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.
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