Banking News
Nepal Supreme Court Scraps Mandatory National ID Requirement for Banking Services
Nepal’s Supreme Court has overturned the mandatory requirement for a National Identity Card or its number to access essential banking services, including account operations, KYC updates, and mobile number changes. The ruling directs authorities to allow customers to use citizenship certificates and other valid identification documents until they obtain a National Identity Card or its number.
2 days ago
National Cooperative Bank Raises Concerns Over Cooperative Act Amendments, Calls for Stronger Risk Management
National Cooperative Bank Limited has clarified its position on recent changes to the Cooperative Act, 2074, emphasizing legal compliance, transparent asset valuation, protection of members’ ownership, and stronger risk management to maintain financial stability in the cooperative sector.
4 days ago
ICRA Nepal Reaffirms NIMB Ace Capital’s Fund Management Quality Rating at AMC Quality 3+
ICRA Nepal Limited has reaffirmed the fund management quality rating of NIMB Ace Capital Limited at [ICRANP] AMC Quality 3+, indicating an adequate level of assurance regarding the company’s asset management quality.
4 days ago
SADBL AGM Approves 10.52% Dividend, Re-elects Ujjwal Satyal as Chairman
Shangrila Development Bank Limited (SADBL) has approved a 10.52% dividend for shareholders through its 22nd AGM, comprising a 6.52% cash dividend and 4% bonus shares. The meeting also elected a six-member board for a four-year term and re-elected Ujjwal Satyal as chairman.
4 days ago
Nabil Bank AGM Approves 15.80% Dividend for FY 2082/83
Nabil Bank Limited (NABIL) has approved a total 15.80% dividend for FY 2082/83, comprising 5% bonus shares and 10.80% cash dividend. The bank also approved an 8% dividend for irredeemable non-cumulative preference shareholders.
4 days ago
Nepal Rastra Bank to Withdraw Rs 70 Billion from Banking System for 60 Days
Nepal Rastra Bank (NRB) is set to absorb Rs 70 billion from the banking system through a 60-day deposit collection instrument to manage persistent excess liquidity and maintain short-term interest rate stability.
4 days ago
NMB Bank Announces 7% Cash Dividend for FY 2082/83
NMB Bank Limited (NMB) has proposed a 7% cash dividend, including tax, for shareholders from its profit for FY 2082/83. The bank has also proposed an 8.25% cash dividend for holders of its perpetual non-cumulative preference shares.
5 days ago
NIMB Ace Capital Conducts Investor Awareness Programs in Kathmandu and Pokhara
NIMB Ace Capital organized investor awareness programs at St. Lawrence College in Chabahil and Kanya Campus in Pokhara as part of World Investor Week 2026.
6 days ago
Global IME Bank Promotes Buddhi Akela to Assistant CEO
Global IME Bank has elevated Deputy General Manager and Chief Risk Officer Buddhi Akela to the position of Assistant Chief Executive Officer, recognizing his more than two decades of banking experience.
6 days ago
Lumbini Bikas Bank to Auction 1.51 Lakh Promoter Shares to Public
Lumbini Bikas Bank is set to auction 1,51,585 promoter shares to the general public, companies and institutions, with bids open for 15 days from Ashwin 21, 2083.
6 days ago
NRB to Collect Rs 30 Billion Through 28-Day Deposit Auction
Nepal Rastra Bank will raise Rs 30 billion through a 28-day deposit collection instrument on Ashwin 21, with eligible Class A, B and C banks allowed to participate through competitive bidding.
6 days ago
Citizens Capital Concludes 20th AGM, Approves 13% Cash Dividend
Citizens Capital Limited has concluded its 20th Annual General Meeting, approving a 13% cash dividend for shareholders from the profit of fiscal year 2082/83.
7 days ago