Category/exclusive-news (Total Articles : 2591 )
Global IME Bank has started of issuing LC bank guarantee online system
Kathmandu. Global IME Bank has launched the service of issuing letters of credit (LC) and bank guarantee through online. In order to make the business operation system more customer friendly, the bank has started the service of issuing letter of credit (LC) and bank guarantee...
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Restrictions on dollar card use, 18 items cannot be paid with dollar cards
Kathmandu. Nepal Rastra Bank has tightened the payment through dollar card. Rashtra Bank has made it strict that non-necessary goods and services can be purchased from the dollar card. The National Bank has amended the Integrated Circular 2078 and has provided that dollar card cannot...
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Life Insurance Corporation Nepal (LIC) will issue 88.45 percent right Shares
Kathmandu. Life Insurance Corporation Nepal (LIC) is going to issue 88.45 percent rightful shares. The meeting of the board of directors held on the 13th of the insurance company decided to issue rights shares.It is stated in the notice issued by the company...
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Dollar Prepaid Card guidelines has revised by Nepal Rastra Bank
Kathmandu. Nepal Rastra Bank has amended the guidelines (regarding dollar prepaid card) in the integrated circular 2078. The National Bank has mentioned in the notice issued on Tuesday that certain codes of merchant category will not work for A-year commercial banks and B-category development banks...
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The World Bank will give concessional loans of $100 million to Nepal
Kathmandu: A concessional loan agreement worth 100 million US dollars (about 13 billion rupees) was signed between the government of Nepal and the World Bank on Monday. According to the World Bank, the purpose of the proposed loan agreement is to help Nepal move towards...
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Rastra Bank is preparing to distribute new notes for Dashain from Bhadra last week
Kathmandu. This year, new notes for Dashain can be exchanged only after the third week of August. According to Nepal Rastra Bank, the facility to exchange new notes this year is going to be arranged only after 21st of August. This year, since Dasain is...
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NEPSE In correction Phase : Now it can be bounce back trend will change gradually
KATHMANDU: There has been a big correction in NEPSE on Sunday. The market has been gradually declining for the past few days. On this day, the NEPSE index decreased by 33.36 points and stuck at 1989.26 points. As the index slows down, the transaction amount...
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Banker Futsal tournament 2022, Himalayan Bank Anu Adhikari became the best scorer
Kathmandu. The friendly women's futsal tournament organized by VikasNews.com has been completed. On the occasion of Haritalika Teej, the great festival of women, the friendly match was held on Friday with grandeur. 14 women players from bankers group participated in the program while 13...
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IPO Allotment of People Power
Kathmandu. People's Power Company has distributed the IPO sold through public issue on Sunday. Of the 16 lakh 31 thousand 38 applications for the primary share issue of People's Power Limited, 1 thousand 608 were canceled due to duplicate applications and 3 thousand 504 were...
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Sign of Economic Crisis in Australia
Kathmandu. There are signs of an economic recession in Australia. The real estate business has decreased, while the loan to income ratio has increased by 187.2 percent, increasing the risk.For the first time since the economic recession of 1991, Australia...
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Collaboration between NMB Bank and British International Investments
Kathmandu. NMB Bank, Nepal's leading bank with a unique brand identity of sustainable and value-based banking, has entered into an agreement with British International Investment (BII) to bring in a periodical loan investment of 25 million US dollars.NMB Bank has become...
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Big Merger in cooperative sector of Nepal : 758 Crore National Idol Yamuna is becoming
Five cooperatives operating in Thamadau are going to merge with each other. A merger agreement was signed at an event held in Kathmandu on Saturday. A merger agreement has been signed between Idol Yamuna Multipurpose Cooperative, National Namobuddha Savings and Credit Cooperative, Citizen Welfare Multipurpose...
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How long is the lack of liquidity, Who is responsible ?
Kathmandu. The lack of liquidity that started at the end of the first month of the last financial year 2078/79 has not been resolved even by the end of the current financial year 2079/80. At present, the ability of commercial banks to give loans has decreased...
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1 trillion 15 billion deposits declined, Increasing Interest on Bank's deposits Soon
Kathmandu. Deposits of commercial banks have decreased by 1 trillion 15 billion rupees in about a month. According to the Nepal Bankers Association, the total deposits of commercial banks have decreased to 44 trillion 26 billion rupees as of the end of June last year.
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How much funds do have commercial banks of Nepal ?
Kathmandu. Banks and financial institutions, which have been suffering from lack of liquidity for a long time, are not able to invest. Among the 26 currently operating commercial banks, it is seen that Prabhu Bank has more investable capital.In the...
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