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Nabil Bank bagged Platinum Infosys Finacle Innovation Award 2024

Nabil Bank bagged Platinum Infosys Finacle Innovation Award 2024
07 June, KATHMANDU: Nabil Bank Limited has bagged thePlatinumAward in Infosys Finacle Innovation Award 2024 under theProcess Innovation Categoryfor theTransforming Onboarding, Loan Processing, and Trade Finance.Nabil Bank was selected as the winner out of over 200 nominations across 10 different categories. Expressing his gratitude, Chief Executive Officer (CEO) of the bank, Gyanendra Prasad Dhungana, said, “This international recognition underscores our... Read More

NEPSE Index rises by 27.54 points, reaches 2092

NEPSE Index rises by 27.54 points, reaches 2092
20 May, Kathmandu: On Monday, the NEPSE index of the stock market increased by 27.54 points, bringing NEPSE to 2092 points. During afternoon trading, the market reached 2121 points at 12:23 pm before stabilizing slightly. The transaction amount was also significant, rising from Rs 5.25 billion the previous day to Rs 5.85 billion today. A total of 135 companies increased... Read More

Nabil Bank celebrates 2nd anniversary of Nabil School of Social Entrepreneurship under CSR

Nabil Bank celebrates 2nd anniversary of Nabil School of Social Entrepreneurship under CSR
27 November, KATHMANDU: Nabil Bank proudly marks the successful completion of two impactful years of its groundbreaking initiative, Nabil School of Social Entrepreneurship (Nabil SSE). Launched on November 26, 2021, as part of the bank’s corporate social responsibility (CSR) activity, Nabil SSE has emerged as a catalyst for fostering social entrepreneurship throughout the country from 8 different schools including School... Read More

NRB removes margin lending of Rs 120 million

NRB removes margin lending of Rs 120 million
06 October, Kathmandu: Amending the Integrated Guidelines 2080 BS, the Nepal Rastra Bank (NRB) has increased the margin lending. With this, the cap of upper limit of Rs 120 million for margin lending is removed. As per the new decision, the margin lending is fixed at Rs 150 million for individuals and Rs 200 million for institutional investors, the Nepal... Read More

World Bank projects 4.1 percent growth rate in 2023

World Bank projects 4.1 percent growth rate in 2023
06 April, Kathmandu: The World Bank has released the ‘Nepal Development Update’. Finance Secretary Toyam Raya and World Bank Country Director Farid Haddad Zarvos jointly released the report here Wednesday. The report named, ‘Nepal Development Update (April 2023): Fine-tuning Policy in a Turbulent Environment’ has projected Nepal’s economic growth rate to remain at 4.1 percent in 2023. The projection is... Read More

Bank to remain open for essential services only

Bank to remain open for essential services only
13 February, Kathmandu: Nepal Rastra Bank (NRB) has instructed banks and financial institutions not to stop essential banking services even though it is a public holiday. On Monday, the government of Nepal declared a public holiday on the occasion of ‘People’s War Day’. Banks and financial institutions remain closed on public holidays. However, the NRB has instructed not to stop... Read More

Season of ‘big merger’ of commercial banks

Season of ‘big merger’ of commercial banks
14 January, Kathmandu: Nepal Rastra Bank (NRB) then Governor Dr Chiranjibi Nepal made a provision of the commercial banks to have paid up capital of Rs 8 billion through the monetary policy of the Fiscal Year 2072/73 BS. The timeline given for this was until the end of Asar, 2074 BS. The goal of increasing the paid up capital was... Read More

Commercial banks agree to reduce interest rates on deposits

Commercial banks agree to reduce interest rates on deposits
12 January, Kathmandu: Commercial banks have agreed to reduce the interest rates on deposits. The meeting of Nepal Bankers Association, the umbrella organization of chief executive officers of commercial banks, decided to reduce the interest rate on deposits. Bankers have concluded reducing the interest rate due to increased liquidity in the banking system recently. It has been decided to reduce... Read More

Nepal Rastra Bank governor who signs on banknotes earns Rs 408,000 a month

Nepal Rastra Bank governor who signs on banknotes earns Rs 408,000 a month
28 December, Kathmandu: Common people might be curious about how much money the Nepal Rastra Bank governor earns as he is the one who signs and authorises every single banknote that runs the country’s economy. And, here is the answer: Currently, NRB governor Maha Prasad Adhikari is getting Rs 408,000 every month for his role. According to the latest annual... Read More

After meeting the Prime Minister, the Confederation said that improving the economy should be the first priority of the new government.

After meeting the Prime Minister, the Confederation said that improving the economy should be the first priority of the new government.
12 December, KATHMANDU : The Confederation of Nepal Industry, which met Prime Minister Prachanda at his private residence on Tuesday morning, held discussions with Finance Minister Bishnu Paudel in the afternoon. The Sangh delegation led by President Bishnu Kumar Agarwal has suggested that improving the country’s economy, which is in a challenging state, should be the first priority of the... Read More