Skip to content
|Loading...
Share Gyan home
EBook

NRB to Sell Gold Coins and Silver Medallions for Tihar from November 5

Nepal Rastra Bank (NRB) will sell 2.5-gram gold coins and 10-gram silver medallions featuring Goddess Laxmi and Lord Ganesh on November 5 and 6 (Kartik 19 and 20) from its Minting Division in Babarmahal, Kathmandu.

Published By Share Gyan
NRB to Sell Gold Coins and Silver Medallions for Tihar from November 5

Nepal Rastra Bank (NRB) is set to sell gold coins and silver medallions to the public on the occasion of the Tihar festival 2083 BS. According to a notice issued by the Minting Division under the central bank's Currency Management Department, the gold coins and silver medallions will be available for purchase on Kartik 19 and 20, corresponding to November 5 and 6. Under the arrangement, each individual will be allowed to purchase one 2.5-gram gold coin and up to two 10-gram silver medallions. The silver medallions will feature images of Goddess Laxmi and Lord Ganesh. Sales will take place at the Minting Division in Babarmahal, Kathmandu, from 11:00 a.m. to 3:00 p.m. on both days or until stocks last. The products will be distributed on a first-come, first-served basis. Interested buyers must be physically present and provide a copy of their Nepali citizenship certificate, National Identity Card, or another identification document containing the relevant identification number. Payments can be made either in cash or through QR-based digital payment systems. The central bank has stated that the prices of gold coins and silver medallions will be determined daily at around 11:00 a.m. Sales will begin only after the prices for the respective day have been announced. The annual initiative is part of NRB's Tihar tradition of making gold coins and silver medallions available to the public. These items are particularly popular during the festival, when Hindus worship Goddess Laxmi and Lord Ganesh for wealth, prosperity, and good fortune.

Related News

SEBON Approves 50% Right Share Issuance of NIC Asia Bank Worth Rs 7.45 Billion

The Securities Board of Nepal (SEBON) has granted preliminary approval to NIC Asia Bank Limited to issue 50 percent right shares at a 1:0.50 ratio. The bank will issue 74,587,835 shares worth Rs 7.45 billion at a face value of Rs 100 per share.

Himalayan Laghubitta Proposes 5% Dividend for FY 2082/83

Himalayan Laghubitta (HLBSL) has proposed a 5% dividend for shareholders, comprising 4.75% bonus shares and 0.25% cash dividend for the fiscal year 2082/83.

Rastriya Banijya Bank Reports 175.52% Growth in Q1 Net Profit

Rastriya Banijya Bank Limited has reported a remarkable 175.52% year-on-year growth in net profit, earning Rs. 1.64 billion in the first quarter of FY 2083/84, compared to Rs. 598.73 million in the corresponding period of the previous fiscal year. The significant growth was driven by a sharp increase in net interest income and a substantial decline in impairment charges.

Kumari Bank Reports Rs. 1.07 Arba Net Profit in Q1; Operating Profit Jumps 32.39%

Kumari Bank Limited (KBL) has reported a modest 1.70% year-on-year growth in net profit, earning Rs. 1.07 billion in the first quarter of FY 2083/84, compared to Rs. 1.06 billion in the corresponding period last fiscal year. Despite a decline in net interest income, the bank recorded strong growth in operating profit, supported by a significant reduction in impairment charges and operating expenses.

NMB Bank Reports 27.11% Growth in First-Quarter Net Profit

NMB Bank Limited has reported a 27.11% year-on-year increase in net profit, earning Rs. 1.16 billion in the first quarter of FY 2083/84, compared to Rs. 915.98 million in the corresponding period of the previous fiscal year. The growth was supported by higher operating income, increased net interest income, and a significant decline in impairment charges.

Nabil Bank Reports 45.5% Growth in First-Quarter Net Profit

Nabil Bank Limited has reported a significant increase in net profit for the first quarter of fiscal year 2083/84, earning Rs. 2.55 billion compared to Rs. 1.75 billion in the corresponding period last fiscal year. Improved interest income, higher fee and commission earnings, and a substantial reduction in impairment charges contributed to the growth.