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…
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 World Bank’s latest Global Economic Prospects report. According to the World Bank, the slowdown will…
KATHMANDU: Nabil Bank has entered into an agreement with its existing strategic business partner, R&D Innovative Solution Pvt. Ltd. (R&D) to support the upcoming Krishi Karja Mela, which is being organized for the first time in Nepal in concurrence with the 5th National Agriculture Machinery Exhibition. This event will be taking place at Chitwan Expo…
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...
Panchthar : Fire that broke out at Phalelung rural municipality-6 in Panchthardistrict from Wednesday night has come under control in the midnight. Property worth around Rs 19 million was gutted in the inferno that destroyed three houses and six shops....
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...
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...
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...
KATHMANDU: Nepal’s online Payment Service Provider (PSP), Khalti, has partnered with Nabil Bank Limited, enabling the Bank’s customers to load money to Khalti through the Nabil SmartBank (mobile banking) app. With the partnership, Nabil bank’s customers across the nation can now...
KATHMANDU: Nabil Bank Limited (NABIL) is holding its 37th Annual General meeting on January 14, 2022. The AGM to be held at the bank’s central office in Tindhara, Kathmandu is set to endorse a 38 percent dividend for the fiscal...
