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.

This decision is subject to the approval from Nepal Rastra bank and upcoming annual general meeting.

The current paid up capital of the bank is Rs 6-49 arab and it will reach to Rs. 8.11 arab after the 25% bonus share distribution

Corporate News

Letter of Credit to be made mandatory for trade with India, China

KATHMANDU, April 18: Nepali traders will have to start using banking channel for making or receiving payments from traders in China and India very soon.

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Trade experts debate fourth industrial revolution

Kathmandu, April 3, As the world has been witnessing the fourth industrial revolution, which is largely related with artificial intelligence and the internet of things, this progress could bring transformative changes in the economic development of the least developed countries (LDCs) if they are able to access advanced technologies.

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Banks have three days to submit plan to reach all unbanked units

KATHMANDU, March 22: Nepal Rastra Bank (NRB) has told commercial banks to come up within three days commitment to open branch offices in 116 local units where they have become reluctant to expand their presence so far.

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Bank deposits growing at almost half the rate of loan expansion

Kathmandu, January 11 - Bankers seem to have largely ignored the credit crunch situation of the last fiscal, as credit expansion of banks is almost double than deposit collection in the first five months of the current fiscal.

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Symbol % Change Last Price Turnover
SAEF 11.1111 10.0 39,544.0
PROFL 9.9338 166.0 355,870.0
KKHC 8.4615 141.0 140,908.0
JSLBB 8.2143 3,030.0 753,798.0
RBSPO 8.1523 12,245.0 29,216,261.0
Symbol % Change Last Price Turnover
UMB -100.0000 0.0 6,800.0
SBBLJ -7.2072 206.0 895,272.0
MLBBL -5.7118 1,106.0 136,020.0
SLICL -5.2767 736.0 9,592,666.0
CFCL -4.6875 122.0 605,968.0
Symbol % Change Last Price Turnover
CHCL 1.0514 865.0 42,303,702.0
NBL 3.4682 358.0 39,989,032.0
SHPC 6.9252 386.0 37,807,086.0
SANIMA 0.5420 371.0 31,457,127.0
KBL 0.7463 270.0 30,742,675.0