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.
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.
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Corporate News
India makes exemption for Nepal, allows some refined palmolein imports
February 12, 2020- India, which restricted imports of refined palm oil and palmolein in January, has exempted Nepal and has started issuing licences to import some refined palmolein from the Himalayan nation, two government officials told Reuters.
Read more ...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 ...| Symbol | % Change | Last Price | Turnover |
|---|---|---|---|
| BFC | 10.0000 | 187.0 | 35,026,148.0 |
| NICLBSL | 9.9470 | 1,868.0 | 498,963,998.0 |
| JLI | 9.9222 | 565.0 | 443,499.0 |
| MLBSL | 9.9181 | 1,208.0 | 82,370.0 |
| GRDBL | 9.6774 | 204.0 | 19,012,583.0 |
Market Summary
| Total Turnover Rs | 8,636,668,661 |
| Total Traded Shares | 19,020,528 |
| Total Transactions | 95,737 |
| Total Scripts Traded | 218 |
National News
- World Bank approves $200m support to strengthen Nepal’s financial sector
- Nepal Investment Bank Ltd receives full amount of bank guarantee
- WB report says capacity building key to implementation of federalism
- 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
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 - Surya Life Insurance
November 12, Kathmandu- The meeting of Board of Directors of Surya Life Insurance held in November 10, 2020 has approved and recommended to distribute 5% bonus and 5.526% cash dividend to the shareholders for the Fiscal Year 2075/76.
Read more ...Dividend - Everest Bank
November 05-2020: The Board of Directors of Everest bank has proposed 10.53% dividend consisting of 5% bonus and 5.53% cash for the fiscal year 2076-77.
Read more ...Dividend - Bank of Kathmandu Limited
The Board Of directors of Bank of Kathmandu Limited (BOKL) has proposed 3% cash and 13% stock dividend to its shareholders from the profit of Fiscal Year 2076/77.
Read more ...Dividend - Nepal Lube Oil Limited
September 29, Kathmandu- The board of Directors of Nepal Lube Oil Limited(NLO) Has proposed 10% cash dividend to its shareholders from the profit fiscal year 2076/77.
Read more ...Dividend- Unilever Nepal
Kathmandu, September 27 - The meeting of Board of Directors of Unilever Nepal Limited of 25the September has proposed cash dividend of Rs100 per share to its shareholders from the profit of FY 2076/77.
Read more ...Dividend of Machchapuchchre Bank
September 17, 2020- Board of Directors of Machhapuchchre Bank has proposed 7.03% stock dividend and 3.37% cash dividend
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