Category/exclusive-news (Total Articles : 2591 )
Barun Hydropower issuing 1: 1 Right Share
Kathmandu. Barun Hydropower Company Limited has received approval to issue right shares. The Nepal Securities Board (NSB) has given approval for the rightful eviction of Hydropower in the ratio of 1: 1 on Wednesday. The company will issue 26.78 million shares at a face value...
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NHPC issuing 820 million Right shares
Kathmandu. National Hydropower Company Limited (NHPC) is going to issue right shares to raise investment for two hydropower projects under construction. NHPC has applied to the Electricity Regulatory Commission for the approval of right share issue worth Rs. 820 million. NHPC is preparing to go...
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NEPSE has almost bottomed out : The market may go up Soon
Kathmandu: The share market also looked sluggish on Tuesday. On this day, the Nepse index has decreased by 11.82 points and reached 1921.31 points. Shares worth more than Rs 1 billion have been traded. Earlier, the market had improved for two days after the index...
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Banks have to make provision around Rs 50 billion, What is the net profit of Banks when auctioning collateral ?
Kathmandu. Commercial banks are expected to make a provision of Rs 50 billion in the fourth quarter of the current fiscal year. Banks that made a provision of Rs 54.5 billion in the third quarter of the current fiscal year will have to make the...
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Merger between Prabhu and Century Bank, Kumari with Laxmi, Himalayan and Civil and Nabil with NCC Bank
Kathmandu. Commercial banks are in the throes of a merger. Merger has started in the banks after the Nepal Rastra Bank (NRB) said that it will provide tax exemption and other benefits only to those who have signed a MoU with the commercial banks within...
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Penalty to all life insurers except MetLife for non-submission of financial statements
Kathmandu. All the life insurance companies except Mate Life Insurance have come under the action of the Insurance Committee for not submitting the audit report on time. The Insurance Committee has fined 18 life insurance companies at the rate of Rs 10,000 to Rs 10,500...
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Registration of new cooperatives closed in Bagmati Province of Nepal
Kathmandu: The Bagmati state government has stopped registering new cooperatives. The decision was taken at a ministerial meeting of the state government. It is stated that the registration of new organizations has been stopped on the basis of the report of the committee formed...
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Reliance Spinning Mills issuing IPO from Book Building
Kathmandu. Reliance Spinning Mills has started the process of issuing IPO through book building method. The company has informed that it has called for discussion with the objective of getting the number of shares, intention price and suggestions in the statement of the institutional investors...
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Merger agreement between Surya and Jyoti Life Insurance, Swap Ratio is 1: 1
Kathmandu. Surya Life Insurance Company and Jyoti Life Insurance Company are going to merge with each other. The two companies are set to merge after holding a program at Hotel Yak & Yeti on Sunday and signing a merger agreement. The agreement has been signed...
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Banker Anil Keshari Shah : 32 years Banking Journey
Kathmandu. Celebrity banker Anil Keshari Shah has left the banking sector. Anil, who has worked in various banks for 32 years, left the banking sector only last year. While living in the banking sector, he developed his own personality. Wearing red glasses and a straight...
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Deposits offer of Commercial Banks of Nepal : 12% interests with four times return to 90% loan
Kathmandu. At a time when there is a lack of liquidity in the banking system, commercial and development banks have launched attractive savings account schemes. In order to attract deposits from the public, banks are making public savings account schemes with high interest and attractive...
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Bank's Interest rates continue to be rise : Governor (Maha Prasad Adhikari)
Kathmandu. Governor of Nepal Rastra Bank Maha Prasad Adhikari has said that the interest rate of banks may increase further. Speaking at a program organized in Kathmandu on Wednesday, he said that interest rates of banks would continue to rise. He opined that industrialists should...
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17 cooperatives are blacklisted in Kathmandu
Kathmandu. The number of blacklisted cooperatives is also increasing along with the complaints of cheating from savers. According to the Credit Information Center, 17 cooperatives have been blacklisted in the first 11 months of the current fiscal year. According to the Credit Information Center, three...
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Four co-operatives are blacklisted (with listed)
Kathmandu. Recently, the number of blacklisted cooperatives has been increasing. According to the Credit Information Center, four cooperatives have been blacklisted in nine days. The Credit Information Center blacklists individuals and entities who have taken loans from banks and financial institutions for various business purposes...
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Action and fine against 22 insurance companies by the Insurance Committee
Kathmandu. The Insurance Committee has fined 22 insurance companies for not submitting audits on time. The committee has fined the life insurance company, non-life and reinsurance company as action. Earlier, the committee had imposed a fine of Rs 10,000 on some companies.
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