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

RBB Signs MoU with Sanskritik Sansthan to Offer Concessional Banking Services

Rastriya Banijya Bank (RBB) and Sanskritik Sansthan have signed an MoU to provide salary accounts, professional loans and other banking services to the institution’s employees at concessional rates.

Published By Share Gyan
RBB Signs MoU with Sanskritik Sansthan to Offer Concessional Banking Services

Rastriya Banijya Bank Limited (RBB) and Sanskritik Sansthan have signed a Memorandum of Understanding (MoU) to facilitate salary savings accounts, professional loans and other banking services for Sanskritik Sansthan employees. Under the agreement, RBB will provide salary accounts, professional easy loans and other banking services at concessional rates, offering additional financial benefits and convenience to the institution’s employees. The agreement was signed by RBB CEO Devendra Raman Khanal and Sanskritik Sansthan General Manager Kiran Babu Pun at RBB’s central office in Singhadurbar Plaza. The partnership is expected to strengthen banking access for Sanskritik Sansthan employees while also supporting RBB’s business expansion and customer outreach. RBB currently serves more than 4.8 million customers through a nationwide network of 316 branches and 338 ATMs across all 77 districts.

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.