Category/exclusive-news (Total Articles : 2591 )
Banking Fraud: Bank CEOs and directors with NRB weaknesses but the blame rests on the employees
Kathmandu. Some time ago, three big cases of "banking fraud" were revealed in the Nepali bank and financial sector. Civil Group Chairman Ichcharaj Tamang's allegations of misappropriation of funds of civil cooperatives, loan investment in Kumari Bank's fake documents and Sindhu Bikas Bank's vault money...
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NRB pressure : Banks started selling their real estate and maintain strengthen the 'balance sheet'
Kathmandu. Last week, NIC Asia Bank issued a notice to sell the properties it owns. On November 8, the bank published information in various national dailies and informed about the sale of non-banking property (real estate) in 72 places across the country.
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Merger process of 6 commercial banks Share trading released in the process of merger were freed
Kathmandu. Share trading of a dozen companies has been freed. Nepal Stock Exchange (NEPSE) has released the trading of 12 companies whose shares have been suspended due to mergers and acquisitions. The Securities Board has opened the bank business according to the instructions that the...
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34 Years Old Upasana Poudel Deputy CEO of Himalayan Reinsurance
Kathmandu. Himalayan Reinsurance Company has appointed Upasana Poudel as Deputy Chief Executive Officer (Deputy CEO). At the age of 34, Upasana, who worked as Nepal's first female CEO in United Insurance Company, has been appointed as the Deputy Chief Executive Officer of Himalayan Re Insurance...
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IFIC (Gov Bangladesh) Bank will leave Nabil Bank and All shares sell to Chaudhary Group
Kathmandu. Nabil Bank's founding shareholder International Finance Investment and Commerce Bank Limited (IFIC Bank) has decided to sell its shares. Accordingly, the bank has invited the existing founding shareholders to purchase the said shares. IFIC has decided to exit Navil by selling 1 crore 77...
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How stock market hit a new record ?
Kathmandu. On Thursday, the fourth trading day of the week, the Indian stock market again set a new record. Sensex made a new record of 63,583.07 during trading. A day earlier, on Wednesday, the Sensex had hit an all-time high of 63,303.01.
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Banks no longer invest blindly to Liquidity maintain in Banking sector of Nepal : CEO Sunil KC
Kathmandu. Since the last 8/10 months, there is a trade deficit due to the increase in imports. As there was no significant increase in remittances, it was in a state of deficit. Liquidity in the banking system is related to research. As such losses increase,...
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There is no Financial and Economic crisis in Nepal : Finance Minister Janardan Sharma
Kathmandu. Finance Minister Janardan Sharma has said that the country's economy is not in crisis. He urged experts and stakeholders not to call the current situation a crisis, saying that the indicators of the economy are in a state of improvement and now that construction...
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Why 3 deputy CEO with Dozens of employees left the NCC Bank ?
Kathmandu. A dozen employees of Nepal Credit and Commerce (NCC) have left. A dozen employees, including three deputy chief executive officers, have left NCC Bank, which is in the process of merger with Kumari Bank. According to bank sources, 13 senior employees have taken voluntary...
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Nepal SBI Bank declared dividend proposal, how much is the bonus ?
Kathmandu. Nepal SBI Bank Limited has proposed a total dividend of 10.53 percent for the last financial year 078/79. The meeting of the board of directors of the bank on 28th November fixed the paid-up capital of Rs. On the basis of 9 billion 82...
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Corona insurance names List is published who will receive money
Kathmandu. Shikhar Insurance and Neco Insurance have published the list of those who will get Corona insurance. Shikhar Insurance has announced the names of those who have taken Corona insurance. Similarly, Neco Insurance has also published the names of those who have taken corona insurance.
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Why two banks three times under Action of Nepal Rastra Bank ?
Kathmandu. Nepal Rastra Bank has taken action against nine commercial banks that violated the rules. In the first quarter of the current financial year, the bank has taken action against the commercial banks that violated the rules.According to Rashtra Bank,...
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Final merger agreement approved between Nepal Investment and Mega Bank
Kathmandu. The final agreement regarding the merger between Nepal Investment Limited and Mega Bank Limited has been approved. The final agreement prepared for the merger process was approved by the meeting held on 13th of November by the board of directors of both banks.
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Corona insurance claims released and who will get it in the first phase ?
Kathmandu. The claim of corona insurance, which has been stopped for a long time, is going to be paid. Insurance companies are going to pay the claims of Corona insurance. In a meeting held by Insurance Authority Chairman Surya Prasad Silwal in Rohbar on November...
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Why NRB action to dozen of commercial banks of Nepal ?
Kathmandu. Half a dozen commercial banks have come under the action of Nepal. The Bank Supervision Department of the National Bank has taken action against 9 commercial banks, bank presidents, directors and chief executive officers.Bank of Kathmandu, Krishi Bikas Bank,...
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