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Laxmi Bank Open Golf Tournament on Saturday

Laxmi Bank Open Golf Tournament on Saturday
04 November, Kathmandu: Laxmi Bank says it is hosting the Laxmi Bank Open Golf Tournament 2022 at the Gleneagles-designed Gokarna Golf Club on Saturday. This will be the 7th edition of the annual tournament that started in 2014, the bank says, claiming it is a major event in the amateur golf calendar in the country. This tournament will be played... Read More

NRB renewing treasury bills

NRB renewing treasury bills
11 Oct, Kathmandu: After the short-term increase in interest rate, Nepal Rastra Bank has talked about renewing treasury bills worth 18 billion 25 crores on Monday. As the treasury bill of 5 billion for the period of 28 days was spoken on Monday, only 5 billion has been renewed to the banks. According to the Bank, while the average discount... Read More

World Bank pledges to support in employment promotion

World Bank pledges to support in employment promotion
The World Bank has pledged to provide support to the government’s efforts for promoting employment within the country. The World Bank made such commitment in a courtesy call paid to the Minister for Labour, Employment and Social Security by its delegation led by Bank’s Regional Director Lynne Benz. On the occasion, matters related to the effectiveness of the WB-funded projects... Read More

Aid to cover health insurance of disadvantaged women

Aid to cover health insurance of disadvantaged women
Beni, April 4 (RSS): On the occasion of the 65th National Cooperative Day, Didi-Bahini savings and credit cooperative organization based in Myagdi headquarters Beni has handed financial aid to the 10 most disadvantaged women of the municipality. The cooperative provided the assistance to the women to bring them to the reach of health insurance scheme. The amount accumulated through individual... Read More

ECB says Russia bank subsidiary likely to fail

ECB says Russia bank subsidiary likely to fail
February 28, FRANKFURT : An Austria-based subsidiary of Russia’s state-owned Sberbank RU:SBERhas been ruled likely to fail after depositors fled due to the impact of Russia’s invasion of Ukraine. The European Central Bank said early Monday that the bank had 13.6 billion euros in assets at the end of last year, but has experienced “significant deposit outflows” due to “geopolitical... Read More

Current Macroeconomic And Financial Situation Of Nepal

Current Macroeconomic And Financial Situation Of Nepal
20 February, KATHMANDU : During the three months of 2021/22, merchandise exports increased 109.5 percent to Rs.65.05 billion compared to an increase of 14.3 percent in the same period of the previous year. Destination-wise, exports to India, China and other countries increased 147.1 percent, 19.4 percent, and 27.2 percent respectively. Exports of soyabean oil, palm oil, oil cakes, polyster yarn... Read More

Preparation on to incorporate family members of migrant workers in health insurance scheme

Preparation on to incorporate family members of migrant workers in health insurance scheme
Kathmandu, Jan 21 (RSS): The government has started a process to incorporate the family members of the Nepali migrant workers to health insurance policy. The Health Insurance Board started process in this regard with an objective of taking the family members of the Nepali migrant workers to the access of easy and smooth health services. The Board has approved the... Read More

Bhatta appointed NRB Spokesperson

Bhatta appointed NRB Spokesperson
Kathmandu, Dec 16 (RSS): Dr Gunakar Bhatta has been appointed the Spokesperson for the Nepal Rastra Bank (NRB). He is also the executive director of the Bank Supervision Department at the Central Bank. Bhatta replaces Dev Kumar Dhakal and holds a Ph.D. degree in economics. He also served as the NRB Spokesperson in the past, too. Read More

Central bank auctioning off treasury bills worth Rs 6.1 billion

Central bank auctioning off treasury bills worth Rs 6.1 billion
Kathmandu, Nov 8 (RSS): The Nepal Rastra Bank (NRB) is auctioning off treasury bills worth Rs 6.1 billion. Of the bills, the 91-day Rs 100 million worth of treasury bills will mature on February 8 and 182-day Rs 6 billion worth of treasury bills on 10 May, 2022. The NRB issues treasury bills to mobilise short term loans for the... Read More

Cybersecurity Start-up Global Investment Bank and Capital Trust announces closing of USD 15 million in a “Series A” Round of Funding

Cybersecurity Start-up Global Investment Bank and Capital Trust announces closing of USD 15 million in a “Series A” Round of Funding
Kuala Lumpur , September 1 (ANI/India PR Distribution): Global Investment Bank and Capital Trust, a global leader in Industrial IoT (IIoT) security, announced today that its “Series A” financing had been completed. GCG Asia Capital, Nihunagia Partnership Fund, and several other well-known investors led this round. Global Investment Bank and Capital Trust received a USD 15 million investment in this... Read More