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Muktinath Bikas Bank Introduces One-Click App Renewal

Muktinath Bikas Bank (MNBBL) has upgraded its 'Muktinath Fada App' with a new self-renewal feature, allowing users to instantly renew their mobile banking services and update vital personal details like NID, PAN, and email directly from home.

Published By Share Gyan
Muktinath Bikas Bank Introduces One-Click App Renewal

Muktinath Bikas Bank Limited (MNBBL) has introduced an innovative 'Self-Renew' feature alongside other user-centric upgrades on its mobile banking platform, the 'Muktinath Fada App'. This latest enhancement eliminates the traditional hassle of visiting bank branches just to renew expired mobile banking services. Users can now seamlessly reactivate their accounts from the comfort of their homes by simply clicking the 'Renew Now' option on the expiry pop-up alert within the app. After reviewing the renewal fee details, customers can input their Transaction PIN to instantly restore their services. Furthermore, to make digital banking more holistic and customer-friendly, the bank has integrated features that enable users to update their National Identity Card (NID), PAN, and email addresses directly through the app, ensuring a truly contactless and efficient banking experience.

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.

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.

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.