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NIMB Partners with Sajha Yatayat to Enable Digital Bus Fare Payments

Nepal Investment Mega Bank has joined hands with Sajha Yatayat to facilitate cashless and secure digital fare payments through POS machines on Sajha buses.

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NIMB Partners with Sajha Yatayat to Enable Digital Bus Fare Payments

Nepal Investment Mega Bank Limited (NIMB) has partnered with Sajha Yatayat to support the cooperative’s digital ticketing system for public transportation. Under the partnership, NIMB will serve as the payment partner, providing passengers with secure and convenient options for digital fare payments. Sajha Yatayat buses will use NIMB’s POS machines to issue tickets and accept payments through cards and other digital payment channels. Sajha Yatayat has been expanding its digital infrastructure, including a modern command and control center and cashless ticketing facilities. The digital ticketing system is designed to accommodate multiple payment methods while reducing dependence on cash transactions. The partnership is expected to further expand digital payment access in public transportation, while making fare collection more transparent, convenient, and efficient for passengers.

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.

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