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…
KATHMANDU : Nepal Bankers’ Association, the umbrella organisation of the commercial banks, has said the crypto, virtual currency and the network marketing business and transactions are illegal. The Association, through a notice today, urged people against involving in the transaction related to virtual currency and networking as these were illegal in Nepal. It warned of…
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...
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...
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...
