Banking News - Page 12
Garima Bikas Bank Crowned ‘Development Bank of the Year 2026’
Garima Bikas Bank wins big at the 18th Corporate Business Awards, securing the "Development Bank of the Year 2026" title on the heels of its recent "Best Managed Development Bank" accolade.
ICRA Nepal Reaffirms Nabil Bank’s Ratings, Removes ‘Negative Watch’
Nabil Bank's credit credibility receives a major boost as ICRA Nepal maintains its 'A' issuer rating and lifts the negative implication watch, signaling low credit risk and robust financial safety.
PhoneLoan Reshapes Nepal's FinTech Space with NPR 17 Billion Disbursed Across 10 Commercial Banks
Under Nepal Rastra Bank’s digital lending guidelines, PhoneLoan has revolutionized unsecured lending by facilitating over 5.5 lakh collateral-free, paperless loans totaling NPR 17 Billion via AI-driven credit scoring.
Shangrila Development Bank (SADBL) Announces Auction of 1.74 Lakh Units Promoter Shares to Public
Shangrila Development Bank Limited (SADBL) is auctioning 1,74,390 units of its promoter shares, opening up eligibility to individual investors, companies, and institutions.
Nepal Rastra Bank Proposes Strict Curb on Political Activity and Strikes for Bank Employees
Nepal Rastra Bank has drafted severe restrictions for banking sector employees, proposing a blanket ban on political affiliations, election campaigning, and participating in disruptive strikes, while preserving their fundamental right to vote and join professional bodies.
Himalayan Power Partner Limited Concludes Auction for 468,740 Units of Unclaimed Rights Shares
Himalayan Power Partner Limited (HPPL) has officially closed its public auction today for 468,740 units of ordinary rights shares that remained unsubscribed during its recent 1:0.50 rights offering.
Citizens Bank Opens Sale of 77,578 Units of Founder Shares to General Public
Citizens Bank International Limited (CZBIL) has opened the sale of 77,578.31 units of founder shares to qualified individual and institutional investors after existing promoters declined to purchase them within the initially allocated timeframe.
Salapa Bikas Bank Announces Lock-In Expiry for Mutual Fund Shares
Salapa Bikas Bank Limited (SABBL) has notified investors that the mandatory six-month lock-in period for 58,114 units of shares allocated to mutual funds will expire on Ashar 24, 2083, allowing these institutions to trade the shares freely in the secondary market.
Rastriya Banijya Bank Reaches 316 Branches with New Openings in Gorkha and Jumla
Fully government-owned Rastriya Banijya Bank expands its network to 316 branches after launching new offices in Siurenitar and Narakot.
Nepalese Commercial Banks Lobby NRB for Two-Way Interest Rate Premium Flexibility
Citing severe limitations in pricing borrower risk, banking institutions are pushing the central bank to allow both upward and downward premium adjustments based on market dynamics.
Garima Bikas Bank Under Madhav Prasad Upadhyay Marks 43% Net Profit Surge and Improved Asset Quality
Transitioning to insider leadership, the bank hits over Rs. 1.04 Billion in net profit while successfully lowering its non-performing loan (NPL) ratio.
Muktinath Bikas Bank Extends Logistical Support to Nepal Police Units Across Multiple Districts
Under its Corporate Social Responsibility (CSR) initiative, Muktinath Bikas Bank Limited has donated essential office equipment and road safety materials to several district police and traffic offices. The support, ranging from computers and furniture to road dividers, aims to strengthen public service delivery and community safety.