KATHMANDU, Oct 11: Banks are likely to raise interest rates on loans after mid-October citing the shortfall in loanable funds available with them triggered by the excessive rise in imports and slow inflow of remittance amount.
KATHMANDU, Aug 22: The process of issuing stockbroker license to subsidiaries of bank and financial institutions (BFIs) has been put on hold following an instruction from the Finance Committee of the Federal Parliament.
KATHMANDU, July 29: Kumari Bank has introduced a new savings product named 'Kumari Pariwar Surakchya Bachat Khata'. "Under this saving product, if an account is opened in the name of mother or father, mother, father and two children of their will be insured free of cost," the bank, said issuing a statement.
KATHMANDU, July 5: In line with the recent instruction of Nepal Rastra Bank Governor Chiranjivi Nepal, Global IME Bank and Janata Bank have signed a memorandum of understanding (MoU) on Friday to go into the merger.
KATHMANDU, May 7: Bank's lending to service industry has jumped by 18 percent over the first eight months of the current fiscal year 2018/19, reflecting buoyant sentiment among investors on what is called a tertiary sector in the economy.
KATHMANDU, April 18: Though it has been nearly six months that the government introduced concessional loan scheme for various groups, including workers returning from foreign employment, women entrepreneurs and people from the ‘Dalit’ community, the total amount of loans floated by bank and financial institutions (BFIs) except certain agro and livestock business is paltry.
KATHMANDU, Feb 21: Nepal Bankers Association (NBA) has opposed several key provisions introduced by the Nepal Rastra Bank (NRB) through the mid-term review of the Monetary Policy for Fiscal Year 2018/19.
KATHMANDU, Oct 13: Though the Nepal Bankers Association (NBA) has decided to lower the cap for commercial banks on deposit rates, banks have shrugged off any suggestion to reduce their lending rate immediately.
KATHMANDU, Oct 12: Following widespread complaints that banks have been reluctant to lower their interest rates despite being in a comfortable liquidity position, Nepal Bankers Association (NBA) -- the umbrella organization of 28 commercial banks -- has decided to bring the cap on deposit rates by 0.5 percentage point.
KATHMANDU, Oct 5: Kamal Gyanwali, CEO of the then KIST Bank has been arrested from Mahendranagar on Friday morning. According to Dhiraj Singh, SSP, Metropolitan Crime Division, Gyanwali was arrested on Friday morning and he will be presented to the court at 10:00 am.
The sixth edition of ‘IME-Global IME Bank Nepal Photo Contest 2075’ kicked off on Wednesday at Nepal Art Council, Baber Mahal. The exhibition features 160 photographs selected from about 7,000 photographs from submissions of approximately 1,000 amateurs and professional photographers.
KATHMANDU, July 31: Nepal Bank Ltd (NBL), the government-owned bank, is struggling to sell its shares offered through follow-on public offering (FPO). The FPO, which closed on Sunday, has drawn only 54 percent subscription.
KATHMANDU, July 27: Securities Board of Nepal (Sebon) has initiated a process to take action against mutual fund managers for parking their cash in bank and financial institutions (BFIs) in amounts higher than the limit.
ZURICH, July 24: Switzerland’s financial regulator has accused Rothschild Bank AG and its trust subsidiary of violating anti-money laundering law in relation to 1MDB, the troubled Malaysian sovereign wealth fund.
KATHMANDU, July 22: Sanima Bank Ltd has launched Sanima Online Loan Assessment, an online service for its customers. According to a statement issued by the bank issued on Saturday, the customers can use this service to know about the processes of loan and to submit a loan application in the bank.
KATHMANDU, July 18: Nabil Bank Limited has inaugurated 12 new branch offices in three provinces of the country. According to a statement issued on Monday, the commercial bank said that the new offices have been opened in Province 5, Karnali Province and Province 7.
KATHMANDU, July 15: The recent announcement of the Nepal Rastra Bank (NRB) in its monetary policy for the upcoming fiscal year to allow commercial banks to work as brokerage firms has prompted mixed reactions from stakeholders.
KATHMANDU, July 14: Nabil Bank Ltd has become the first bank to start the process to execute a provision laid out by the Monetary Policy for the upcoming Fiscal Year 2018/19 that requires banks and financial institutions (BFIs) to train assistant-level to officer-level staff on mandatory basis.
KATHMANDU, July 12: CPN Chairperson Pushpa Kamal Dahal urged the World Bank's representatives to consider investment in Nepal's highly prioritized sectors, stating that Nepal has already paved its path towards economic prosperity.
KATHMANDU, July 11: Nepal Rastra Bank (NRB) is increasing the size of the refinance fund from the monetary policy for the upcoming fiscal year -- FY2018/19 that the central bank is unveiling this week.
KATHMANDU, June 25: Civil Bank Ltd has launched its smart website which can be easily operated from both mobile devices and personal computers. Issuing a statement, the commercial bank said that Civil Bank customers can use this website to use all services and facilities provided by the bank.
KATHMANDU, June 22: Nabil Bank Ltd has appointed Anil Keshary Shah as the chief executive officer of the bank. Issuing a statement, the commercial bank said the 488th meeting of the board of the directors (BoD) held on Thursday decided to elevate Shah to the post of CEO.
KATHMANDU, June 20: The central bank is under immense pressure to tame the sky-rocketing interest rates at the ‘desired level’ amid shortage of lendable fund in the banking industry as it prepares to unveil monetary policy for the upcoming Fiscal Year 2018/19.
KATHMANDU, June 12: Civil Bank Limited has unveiled a new saving product named 'Chandra Surya Saving Account', offering interest rate of 10 percent per year. The bank has announced that it would offer 12.22 percent interest on fixed deposit of 222 days.
KATHMANDU, June 12: Sunrise Bank Limited opened its 85th branch at Chandranigahpur of Rautahat on Monday. The new branch office was inaugurated by Rabindra Maharjan, director of Nepal Rastra Bank's Regional Office in Birgunj.
Kathmandu: Citizens Bank International Ltd was established in the year 2007 as the 20th commercial bank of Nepal. The bank's ownership structure indicates 51.29 percent promoters and 48.71 percent public shareholding.
KATHMANDU, May 31: NMB Bank has received 'Best Issuing Bank Partner in Fragile Countries – 2017 - South Asia' award from the International Finance Corporation (IFC) during 8th IFC Trade Awards. According to a statement issued by the bank, Vittorio Di Bello, regional head - Asia & Pacific, Financial Institutions Group, IFC, handed over the award to Sunil KC, CEO of NMB Bank.
KATHMANDU, May 27: Banking institutions that are facing shortage of lendable fund are now feeling a sigh of relief with the recent rise of stock of deposits as the government expedites development expenditures at the end of the fiscal year.
KATHMANDU, May 23: Mega Bank Nepal Ltd has started online bank account opening facility. Issuing a statement on Tuesday, the bank said that it expects the new service will allow potential account holders to initiate an account from their home itself or while traveling.