KATHMANDU, Sept 28: The World Bank on Wednesday approved US$ 133 million credit to Nepal to help the country build and maintain safe, resilient and cost-effective bridges on its Strategic Roads Network.
KATHMANDU, July 21: The banking industry continued to grapple with the mismatch of assets and liabilities in the last fiscal year as lending by commercial banks expanded 20.46 percent while their total deposits grew only 16.77 percent.
KATHMANDU, July 12: The Nepal Rastra Bank (NRB) has introduced a provision in the Monetary Policy for Fiscal Year 2018/19 which allows banks to count loans against academic certificates, and higher education loans for students of marginalized and Dalit community, among others, as deprived sector lending.
KATHMANDU, June 19: Bankers have demanded the removal of credit to core capital and deposit (CCD) ratio, stating that the prudential lending limit set by the Nepal Rastra Bank (NRB) is the main culprit behind the ‘credit crunch’.
KATHMANDU, May 8: The “people’s war” was a significant political event born out of historical necessity and any effort to undermine its contribution in social and political changes could put left unity in jeopardy, CPN (Maoist Center) Chairman Pushpa Kamal Dahal has said.
KATHMANDU, Feb 7: Nine commercial banks have earned net profits of over Rs 1 billion in the first half of the current Fiscal Year 2017/18. Not only half-dozen new commercial banks have joined the one-billion profit earners' league, the net profits of most of the commercial banks have also gone up in the review period.
SEOUL Jan 10: South Korean President Moon Jae-in credited U.S. President Donald Trump on Wednesday for helping to spark the first inter-Korean talks in more than two years, and warned that Pyongyang would face stronger sanctions if provocations continued.
KATHMANDU, Nov 27: NMB Bank has launched Visa Platinum Credit Cards. Issuing a statement on Sunday, the commercial bank said that it has become the second bank in Nepal to introduce Visa Platinum Credit Card.
KATHMANDU, April 24: Small Farmer Development Bank (SFDB), in partnership with 636 affiliated cooperatives, has provided loans worth Rs 35 billion to 650,000 earthquake-affected people and small farmers.
KATHMANDU, March 15: In what appears to be an indication of the revival of service sector, credits from bank and financial institutions (BFIs) to this sector in the first half of Fiscal Year 2016/17 jumped by 11.9 percent.
KATHMANDU, March 6: Nepal Rastra Bank (NRB) has made it mandatory for bank and financial institutions (BFIs) and payment service providers (PSPs) to put photo of cardholder on debit, credit, prepaid and other electronic payment cards.
KATHMANDU, Dec 12: Securities Board of Nepal (Sebon) has provided Letter of Intent (LoI) to Credit Analysis and Research Limited (CARL) to work as a credit rating agency in Nepal, paving the way for the Mumbai-based company to enter the Nepali capital market which has seen monopoly one rating company.
KATHMANDU, Nov 24: At the same time last year, people were compelled to live in dark up to 7-8 hours. But, things are different now. There is no load-shedding in the Kathmandu Valley since more than a month.
MUMBAI, Aug 18: Bollywood actress Nargis Fakhri has allegedly been cheated of around Rs 600,000 through fraudulent use of her credit card in the United States, police said today. The actress filed a complaint in this connection at Juhu Police Station earlier this week.
KATHMANDU, July 28: While the government has already set up an economic rehabilitation fund to provide interest subsidy and cheaper credit to businesses and industries battered by the recent Tarai turmoil and last year's earthquakes, there has not been a single demand from private sector for such facility.