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

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.

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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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Symbol % Change Last Price Turnover
CIT 9.9894 2,070.0 4,462,394.0
HDL 9.9585 1,325.0 34,699,972.0
NIB 9.9432 387.0 12,154,466.0
NIBPO 9.8039 336.0 2,519,645.0
SHIVM 8.9325 500.0 20,358,701.0
Symbol % Change Last Price Turnover
SEF -11.1111 8.0 52,253.0
SWBBL -9.9915 1,054.0 8,207,714.0
ILBS -9.9237 590.0 818,271.0
NRIC -9.9057 382.0 3,761,368.0
ALBSL -9.9010 546.0 145,729.0
Symbol % Change Last Price Turnover
NLIC 7.7543 1,070.0 35,710,740.0
HDL 9.9585 1,325.0 34,699,972.0
NICA 0.2137 469.0 32,927,742.0
NABIL 0.0000 660.0 25,230,100.0
NMB -3.0899 345.0 22,770,584.0