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Muktinath Development Bank Launches Special Home Loan Scheme at Base Rate + 0.25%

Muktinath Development Bank has introduced a special home loan scheme offering financing of up to 80% of assessed property value for first-time homebuyers, with the offer valid until the end of Kartik 2083.

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Muktinath Development Bank Launches Special Home Loan Scheme at Base Rate + 0.25%

Muktinath Development Bank Limited has launched a special home loan scheme targeting the festive season of Dashain, Tihar, and Chhath, along with its participation in NADA Auto Show 7 and the Housing and Construction Expo 2026. Under the scheme, customers can obtain loans for house construction, home purchase, and other housing-related requirements at an interest rate of Base Rate + 0.25%. The bank will finance up to 70% of the assessed value of the property, while first-time homebuyers can access financing of up to 80% of the assessed property value. The special scheme will remain available until the end of Kartik 2083. After the offer period ends, the bank’s prevailing interest rates and applicable loan terms will be implemented. The facility is available through the bank’s 176 branches nationwide. In addition to the home loan offer, Muktinath Development Bank has also introduced special financing schemes for auto loans, agriculture, and SME businesses.

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.