March 15 - Mahalaxmi Development bank , which has come to existence with the merging of Mahalaxmi Finance, Malika Bikash Bank and Siddhartha Finance has decided to merge with Yeti development Bank. Swap ratio decided for the merger is 1:1.

As per the information, the name of Bank after merger shall be Mahalaxmi Development Bank. Paid up capital of the bank shall reach to Rs.2.63billion and the paid capital requirement for a development bank as per the circular of Nepal Rastra Bank is Rs. 2-50 billion. The bank will have 61 branches across the country.

Corporate News

NRB sets criteria for CEOs, directors of BFIs

Kathmandu, August 3 - Nepal Rastra Bank (NRB), the central monetary authority, has set the basic qualification criteria for chief executive officers and board of directors of banks and financial institutions (BFIs) in line with the provision of the Banks and Financial Institutions Act.

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Century Bank acquires Sagarmatha Finance

KATHMANDU , July 16: Century Commercial Bank Ltd has acquired Sagarmatha Finance. Issuing a press statement on Saturday, the bank said the integrated operation has started on Saturday.

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Nepal Stock Exchange to go fully automatic in Nov

Jul 8, 2017- The Nepal Stock Exchange (Nepse) will be entering a new era on November 7 when it goes fully automatic. The country’s only stock exchange has planned to launch a fully automated online trading system.

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Nepse loses 22 points

KATHMANDU, July 3: Nepal Stock Exchange (Nepse) index plunged 21.99 points on Sunday as the government's preparation to bring brokerage commission within the scope of value added tax (VAT) sends panic among investors.

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Symbol % Change Last Price Turnover
SFFIL 9.9778 496.0 2,259,970.0
NMBSF1 7.1429 15.0 770,620.0
SHPC 5.8824 576.0 9,567,952.0
NBF1 4.3478 24.0 33,080,361.0
SDESI 3.6810 338.0 7,376.0
Symbol % Change Last Price Turnover
UICPO 0.0 6,791,008.0
GLICLP -100.0000 0.0 13,679,100.0
HDL -9.4611 1,512.0 155,790.0
NGBBL -5.5024 790.0 15,691,908.0
KEBL -5.3933 421.0 37,600.0
Symbol % Change Last Price Turnover
NLIC -0.4169 2,150.0 48,639,865.0
NLICLP -4.4000 1,195.0 33,460,360.0
NBF1 4.3478 24.0 33,080,361.0
FOWAD -0.4924 3,840.0 20,603,338.0
SCB 0.0438 2,286.0 19,683,959.0