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.
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.
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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 |
|---|---|---|---|
| TPC | 10.1449 | 532.0 | 1,200,368.0 |
| NBB | 10.1227 | 359.0 | 78,348,179.0 |
| MKJC | 10.0209 | 527.0 | 10,408,576.0 |
| NIBLPF | 10.0000 | 11.0 | 251,978.0 |
| NTC | 9.9914 | 1,277.0 | 164,339,250.0 |
Market Summary
| Total Turnover Rs | 5,521,650,870 |
| Total Traded Shares | 10,093,221 |
| Total Transactions | 69,200 |
| Total Scripts Traded | 227 |
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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