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’.
KATMANDU, September 5: Nepal Stock Exchange (Nepse) index shed 25.47 points, or 1.61 percent, to close at 1,554.56 points on Monday, as the capital market regulator's announcement to make personal account number (PAN) compulsory for investors from next year left investors panicked.
KATHMANDU, March 31: As the banking industry rushes to meet its new paid-up capital requirement by the mid-July 2017 deadline, insurance companies too were told Friday to raise their own paid-up capitals and given about 15 months to do so.
Arun Kumar Ahluwalia, the CEO of Everest Bank Ltd, is soon returning to his parent bank, i.e. Punjab National Bank, after completing his three-year term. He has been promoted to the post of General Manager of Punjab National Bank. He holds over three decades of experience in banking sector and has key expertise in credit and recovery. Punjab National Bank holds 20 percent stake in the EBL which has been serving its clients through a network of 61 branch offices, 86 ATMs, five extension counters and 24 revenue collection counters in Nepal, and a representative office in New Delhi, India. As Ahluwalia wraps up his tenure with EBL, Republica's Sagar Ghimire talked with him to know about his experiences in Nepal. Excerpts: