August 28- 2019, The meeting of board of Directors of Kumari Bank has proposed 10% bonus dividend and cash equivalent to tax required for bonus share as dividend to the shareholders for the fiscal year 2075-76.

Similarly, the Board of Directors of NIC Asia bank has proposed 10% bonus and 11.0526% cash dividend to its shareholders from the profit earned in the fiscal year 2075-76.

The decision of both banks are subject to approval of Nepal Rastra Bank and their respective annual general meeting.

Corporate News

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.

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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.

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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).

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Sebon unveils policies and programs for FY 2019/20

KATHMANDU, July 16: The Securities Board of Nepal (Sebon) has unveiled a 72-point Policy and Program for Fiscal Year 2019/20 for the development of the securities and commodities exchange market.

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Symbol % Change Last Price Turnover
STC 9.9325 1,140.0 168,940.0
GGBSL 9.9078 477.0 70,500.0
SPDL 5.1948 81.0 55,711.0
BBC 3.9483 1,448.0 28,680.0
MSMBS 3.2258 480.0 39,490.0
Symbol % Change Last Price Turnover
NEF -12.5000 7.0 17,936.0
UPCL -5.4054 70.0 861,200.0
HPPL -3.5971 134.0 148,166.0
PPCL -3.5714 108.0 587,050.0
SHPC -3.1579 184.0 813,072.0
Symbol % Change Last Price Turnover
NBL 0.3135 320.0 83,963,099.0
NMB 0.2597 386.0 36,881,621.0
PCBLP -0.4975 200.0 26,492,000.0
ADBL 0.7229 418.0 21,663,469.0
SHIVM -2.0785 424.0 20,560,690.0