myRepublica - The New York Times Partner, Latest news of Nepal in English, Latest News Articles

Increasing deposits collection provides banks with cushion amid ongoing liquidity crisis

Published On: January 11, 2022 07:10 AM NPT By: Republica

KATHMANDU, Jan 11: Commercial banks were able to collect additional deposits of Rs 59 billion over the past one week, which has given the banks some cushion at a time when they have been facing a liquidity shortfall.

Nepse crosses 2,800 in intraday trading

Published On: January 10, 2022 08:49 PM NPT By: Republica

KATHMANDU, Jan 10: The Nepal Stock Exchange opened higher but saw a brief correction in the morning. The benchmark index fell around 10 points in the morning but staged a recovery in the afternoon and traded mostly in positive territory. The bourse fell below the opening level second time in late afternoon before another rebound helped it close in green. At the close, Nepse posted a gain of 19.43 points to settle at 2,784.95.

NPEL inks an agreement with Indian company to sell electricity produced by Nepali private power producers

Published On: January 10, 2022 07:00 PM NPT By: Republica

KATHMANDU, Jan 10: Nepal Power Exchange Limited (NPEL), subsidiary of Independent Power Producers’ Association Nepal (IPPAN), has signed an agreement with Manikaran Power Limited, India to carry out cross border electricity trade.

Banks only looking at securing more profits, ignoring their responsibilities in times of crisis: FinMin Sharma

Published On: January 10, 2022 06:30 PM NPT By: Republica

KATHMANDU, Jan 10: Finance Minister Janardan Sharma has accused the banks and financial institutions (BFIs) of focusing on increasing their profits even at a time when the country is reeling under economic problems arising from the impacts of the coronavirus pandemic.

Tourism entrepreneurs demand tourism businesses be allowed to be operational following health standards

Published On: January 10, 2022 01:15 PM NPT By: Republica

KATHMANDU, Jan 10: As COVID-19 cases continue to rise and the fear of another spell of lockdown looms large, tourism entrepreneurs have demanded that the government allow the tourism businesses to continue their operations by following the health safety measures.

Agreement reached between Kamana Bank and Namaste Pay for online payments

Published On: January 10, 2022 01:11 PM NPT By: Republica

KATHMANDU, Jan 10: The Kamana Sewa Bikas Bank Ltd and Namaste Pay have reached an agreement to start providing digital wallet service of Nepal Telecom.

Taxi fare in Valley to increase by 20 percent from mid-January

Published On: January 10, 2022 07:10 AM NPT By: Republica

KATHMANDU, Jan 10: Cabs operating in Bagmati Province are increasing their fares by around 20 percent effective from January 15 after the provincial government approved the new fare rates.

Nepse closes above 2,700 mark

Published On: January 9, 2022 07:45 PM NPT By: Republica

KATHMANDU, Jan 9: The Nepal Stock Exchange (Nepse) index climbed above 2,700 mark in the morning and traded in green throughout Sunday’s session. The index jumped more than 70 points at mid-day before a small correction dragged the index slightly lower. At the close, Nepse finished with a gain of 73.05 points at 2,765.51.

Achieving 7 pc economic growth rate almost impossible: NRB Governor

Published On: January 9, 2022 06:35 PM NPT By: Republica

KATHMANDU, Jan 9: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has said achieving the economic growth rate of seven percent targeted by the government for this fiscal year will be a herculean task.

Mega Bank CEO Khunjeli bags Best Female Award 2021

Published On: January 9, 2022 06:16 PM NPT By: Republica

KATHMANDU, Jan 9: Anupama Khunjeli, the chief executive officer (CEO) of Mega Bank Nepal Limited, has been honored with the Best Female Award 2021 for her outstanding performance in the country’s banking sector.