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, June 30: Though it has been over two years since the country went into a federal structure, 23 local units are still devoid of a bank branch.

Merger benefits

June 18, 2019 00:30 am

Merger and acquisition contributes to raising the capital of the bank which will enhance its lending capacity and strengthen financial health

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, March 28: Many banks are opting for debenture as an instrument to collect funds as part of their efforts to address the shortage of lendable fund.

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, Nov 30: Bankers have cautioned that excessive pressure from board of directors (BoD) of a bank or financial institution could compel the management to take unnecessary risks.

KATHMANDU, Nov 19: Vice President of the European Investment Bank Andrew McDowell is arriving in Kathmandu today for a four-day visit.

KATHMANDU, Nov 11: Nepal Rastra Bank (NRB) has relaxed a rule on the limit of fund that a Nepali commercial bank can borrow in convertible currency from foreign institutions.

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.

NBA lowers deposit rate cap

October 12, 2018 01:05 am

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.

Bank on data

October 3, 2018 01:30 am

Nepal is standing at a critical juncture of political and economic change that presents new opportunities to collect, open, and act on data

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 23: NMB Bank becomes the first bank to receive approval from NRB for USD loan from International Finance Corporation (IFC).

Mega Bank marks eighth anniversary

July 23, 2018 15:42 pm

KATHMANDU, July 23: Mega Bank Nepal Ltd has entered into 9th year of operation.

JORDAN, July 22: Provocations by Israeli settlers in occupied Palestine happened days after Israel approved the nationality bill, which reiterates Jewish supremacy.

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.

DOLAKHA, July 17:  A community school in Dolakha has rented out it's building to a financial institution after being unable to pay salaries to the teachers, forcing students to study under tents.

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.

Nabil Bank signs MoU with NBI

July 14, 2018 08:29 am

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: NIC Asia Bank Limited opened new branch offices at Amargadhi of Dadheldhura and Dipayal Silgadhi of Doti.

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 27: A dead body has been found at the river bank in Makalbari of Bauddha on early Wednesday.

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.

Anil Shah appointed Nabil Bank CEO

June 22, 2018 05:30 am

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 21: The result of written examination for various posts of Rastriya Banijya Bank has been published.

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 20: With the objective of expanding its network to every corner of the country, Everest Bank has opened a new branch at Sitapaila in Kathmandu.

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.

Civil Bank supports Damak school

June 4, 2018 09:07 am

KATHMANDU, June 4: Civil Bank Ltd has provided school furniture to Mahalaxmi Adharbhut School, Damak, under its corporate social responsibility (CSR).

NMB Bank receives IFC award

May 31, 2018 05:15 am

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.

DHANGADI, May 27: Nirmal Karki sustained injuries after two masked men shot him and looted 950,000 rupees from Chauraha of Dhangadi sub metropolitan-2, according to police.

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 24: Janata  Bank Limited has opened new branch offices at Golbazar of Siraha, Naukunda and Kalika of  Rasuwa, Doramba of Ramechhap and Tatopani of Jumla.

Laxmi bank opens two new branches

May 24, 2018 12:06 pm

KATHMANDU, May 24: Laxmi  Bank Limited has opened new branch offices at Dhorchaur of Salyan and Tribeni rural municipality of Rukum.

Bank on it

May 24, 2018 01:00 am

With Nepal Infrastructure Bank, Nepal will have a special financial institution to act as a catalyst for funding, promoting and interfacing infrastructural space

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.

NMB Bank opens 16 new branches

May 19, 2018 09:48 am

KATHMANDU, May 19: NMB Bank has inaugurated 16 new branches at the local levels across the country.

KATHMANDU, May 19: Nabil Bank has opened five new branches at the local levels. Issuing a statement on Wednesday, the bank said that the newly established branches are located at Sammarimai Ward 1, Rupandehi; Tila Ward 1, Jumla; Baraha Taal Ward 5, Surhet; Bittachir Ward 4, Bajhang; and Alitaal Ward 8, Dadeldhura.