September 17, 2020- Board of Directors of Machhapuchchre Bank has proposed 7.03% stock dividend and 3.37% cash dividend

from the profit it has earned in the Fiscal Year 2076-77.

The dividend proposed is subject to approval of Nepal Rastra bank and upcoming Annual General Meeting of the bank for distribution.

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
NICBF 14.2857 16.0 29,265,046.0
SBCF 10.0000 11.0 1,174,427.0
SLCF 10.0000 11.0 4,297,746.0
NIBSF2 10.0000 11.0 5,459,027.0
PSF 10.0000 11.0 3,431,509.0
Symbol % Change Last Price Turnover
ICFCD83 -6.1709 1,186.0 360,158.0
RBSPO -5.5556 17,000.0 21,825,130.0
NICL -4.7826 1,095.0 241,827,051.0
SMFDB -2.9070 1,670.0 7,280,101.0
PFL -2.8274 653.0 52,326,553.0
Symbol % Change Last Price Turnover
AKPL 2.6975 533.0 387,820,969.0
AHPC 6.6390 514.0 269,841,240.0
NICL -4.7826 1,095.0 241,827,051.0
NICA -1.2440 1,032.0 234,969,914.0
ADBL 6.4453 545.0 227,485,957.0