Lumbini Development Bank starts operation

Published On: July 10, 2017 08:17 AM NPT By: Republica

KATHMANDU, July 10: Lumbini Development Bank, a entity formed after the merger of Vibor Society Development Bank and Lumbini Finance and Leasing Company, formally started its operation from Sunday.

BIRGUNJ, July 10: Transmission line with 132 KV capacity between the Indian bordering city of Raxaul to Parwanipur of Parsa district in Nepal has yet to start even after six months of its construction and successful test transmission. Nepal Electricity Authority had declared last December that the transmission line was ready for supply of electricity.

NRB raises productive sector lending requirement to 25%

Published On: July 10, 2017 05:00 AM NPT By: Sagar Ghimire

KATHMANDU, July 10: Nepal Rastra Bank (NRB) has raised the lending requirement for commercial banks toward productive sectors by 5 percentage points to 25 percent of their total lending.

Veg prices fall on improved supplies

Published On: July 10, 2017 12:30 AM NPT By: Muna Sunuwar

KATHMANDU, July 10: Wholesale price of seasonal vegetables has plunged due to oversupply in the market.

Personal home loan limit upped to Rs 15 million

Published On: July 10, 2017 12:10 AM NPT By: Republica

KATHMANDU, July 10: Nepal Rastra Bank (NRB) has raised the ceiling for personal home loans to Rs 15 million.

Bajhang farmers rues lack of market

Published On: July 9, 2017 10:30 PM NPT By: Jagat Khadka

BAJHANG, July 9: Vegetables are rotting in farms as farmers in Bajhang are not finding market for their produce.

Monetary policy draws mixed reaction

Published On: July 9, 2017 07:10 PM NPT By: Republica

KATHMANDU, July 9: Representatives from business associations, including Nepal Bankers' Association, and Federation of Nepalese Chamber of Commerce and Industries (FNCCI), have expressed differing views on the monetary policy made public by Nepal Rastra Bank (NRB) on Sunday.

Monetary policy for FY 2074\75 made public

Published On: July 9, 2017 04:40 PM NPT By: Republica

KATHMANDU, July 9: Nepal Rastra Bank (NRB) today publicized a monetary policy for the fiscal year 2074\75 BS amid a program in the Capital.

Kumari Bank Ltd equips Nawalparasi schools

Published On: July 9, 2017 10:00 AM NPT By: Republica

KATHMANDU, July 9: Kumari bank has provided computers and printers for different schools in Nawalparasi. Issuing a statement on Saturday, the bank said that it distributed computers and printers through the Rotary Club of Kathmandu North East (TEACH Program) under its corporate social responsibility.

NT switching PSTN to IP network

Published On: July 9, 2017 09:57 AM NPT By: Republica

KATHMANDU, July 9: Nepal Telecom (NT) has started switching PSTN (landline) telephone service to IP-based network. Issuing a statement, the state-owned operator said that Mahendra Man Gurung, secretary of the Ministry of Information and Communications (MoIC) inaugurated the new technology by making a call from the NT's telephone exchange at Gwarko.