June 24, 2022, Friday

Banking

Recurring liquidity crisis and measures in place for easing

Recurring liquidity crisis and measures in place for easing

KATHMANDU: The overall cash in Nepali banks and financial institutions (BFIs) is falling short to meet the needs of an expanding market as BFIs tend to struggle to disburse (time and again) adequate loans in the growing market. In the second quarter of the current fiscal 2021/22, investable cash (liquidity) in BFIs was such scarce…

Nabil Bank and Nepal Bangladesh to undergo merger

Nabil Bank and Nepal Bangladesh to undergo merger

KATHMANDU: Nabil Bank is set to acquire Nepal Bangladesh Bank (NBB). A letter of agreement on acquisition was signed on Thursday. As per agreement, NBB’s 100 points of share would be equalized to 43 points of share of Nabil Bank. General Manager of Nabil Bank Manoj Gyawali informed that letter of agreement on acquisition was…

  • Global economic growth to shrink to 4.1 percent: World Bank Report

    Global economic growth to shrink to 4.1 percent: World Bank Report

    KATHMANDU: Adversely influenced by the spread of COVID-19 variants alongside inflation, debt and income inequality, the global economic growth is  expected to decelerate from 5.5 percent in 2021 to 4.41 percent and 3.2 percent in 2022 and 2023 respectively, said...

  • Mega Bank Nepal joins hands with MOCO digital wallet

    Mega Bank Nepal joins hands with MOCO digital wallet

    KATHMANDU: Mega Bank Nepal Limited has joined hands with MOCO digital wallet. With this, MEGA Bank account holders can now directly add their debit/credit cards to MOCO Digital wallet. CEO of Mega Bank Nepal Limited, Anupama Khunjeli said, “Users have...

  • CD ratio shows positive sign, Deposits see an increase

    CD ratio shows positive sign, Deposits see an increase

    KATHMANDU: The credit-to-deposit ratio (CD ratio) in Nepal’s banks has shown the optimistic sign and has come to 90.54 percent from last months 92 percent. With the positive gesture in the CD ratio, the deposits in commercial banks have also increased. According to Nepal...

  • 7 killed in Palpa bus accident, 8 injured

    7 killed in Palpa bus accident, 8 injured

    PALPA: At least seven people have been killed in a bus accident at Palpa Ribdikot-2 Laguwa in Palpa district. Seven persons died on the spot when a bus (Lu 2 Kha 7279) carrying people going for a funeral from Butwal...

  • Standard Chartered Bank appoints Gorakh Rana as Deputy CEO

    Standard Chartered Bank appoints Gorakh Rana as Deputy CEO

    KATHMANDU: Standard Chartered Bank Nepal Limited (SCBNL) has appointed Gorakh Rana as Deputy Chief Executive Officer. Rana has banking experience spanning over 27 years with a deep knowledge of Nepal’s Banking Industry and has been representing Standard Chartered in several...

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