Issuing a notification to the banks on Monday, the central bank said the banks can now fulfill the paid-up capital requirement criteria by mid-April 2011. Previously, the banks were asked to raise their paid-up capital to Rs 2 billion by mid-July 2010.
Likewise, it has also deferred the enforcement date of new directives on single borrower´s limit by six months. Going by this notification, banks and financial institutions licensed by the NRB would need to comply with the provision, which sets single borrower´s credit limit at 25 percent of core capital, from mid-January 2011, instead of mid-July 2010, as stipulated earlier.
Yamaha Fazer with ´Hamro Gang Ko Saan´
KATHMANDU, Nov 23: Morang Auto Works Monday launched Yamaha Fazer in Nepali market with the catchphrase ´Hamro Gang Ko Saan´.
Issuing a press statement, the company said the new model was introduced in response to the call for a global street sports and touring model. Yamaha has already introduced Yamaha R15, FZ 16 and FZS in Nepali market.
The statement also said the boldly adopting air-cooled engine creates never before experienced level of torque and satisfies every requirement of the rider. "Each and every part of Fazer has been designed with a lot of detailed attention and careful thought," adds the release.
Priced very competitively at Rs 1,99,900, the Fazer´s features include air-cooled engine, 4-stroke, single-cylinder 153cc engine, stylish racing cowl, Monocross suspension, Widest "140/60-17" size radial tire (rear)", large-diameter front disc brake, solid looking front suspension, uniquely designed multi-reflector headlight, 12-liter fuel tank with styled plastic resin cover and full LCD meter display.
Capital Expo in December
KATHMANDU, Nov 23: In a bid to raise awareness among general public about the capital market, Securities Research Center and Services (SRCS) is organizing Capital Expo 2009 in the capital in December.
Rabindra Bhattarai, president of SRCS, said the three-day expo will start on December 25. According to Bhattarai, different stakeholders of capital market, including representatives from banks, finance companies, insurance, co-operatives, stock market, derivative market, merchant banking, money transfer companies, Nepal Stock Exchange and Securities Board of Nepal, will participate in the event.
The event will feature seminars and film shows on stock and financial market as well as seminars on capital market, banking, insurance, derivatives market, and portfolio management.
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