Banking News - Page 13
Nepal Rastra Bank Report Unmasks Toxic Lending Practices and Surge in Bad Loans Across Commercial Banks
Nepal Rastra Bank’s FY 2024/25 Annual Supervision Report reveals a worrying financial decay within the banking sector, as bad loans cross Rs 220 billion and internal audits expose deep-rooted systemic manipulations like "evergreening."
Global IME Bank Appoints Bindra Hada Bhattarai as Independent Director
Global IME Bank Limited has expanded its Board of Directors by appointing seasoned public policy and administration expert Bindra Hada Bhattarai as an Independent Female Director.
System Liquidity Management: Central Bank to Mopping Up Rs 100 Billion via Deposit Collection Today
Nepal Rastra Bank (NRB) is set to float a 19-day deposit collection instrument worth Rs 100 billion to absorb excess liquidity from the banking sector through an automated online bidding mechanism.
Kumari Bank Pioneers Nepal's First ERP-Driven Digital Loan Platform for SMEs
In a major leap for financial inclusion, Kumari Bank partners with IMS Software to launch Nepal’s first integrated digital credit platform, offering up to Rs. 500,000 in collateral-free working capital loans to small businesses.
Liquidity Mopping: Nepal Rastra Bank to Absorb Another Rs 60 Billion From Banking System Today
In a bid to manage excessive liquidity lingering within the financial sector, Nepal Rastra Bank (NRB) has announced a bidding window today to scoop up Rs 60 billion through a 23-day deposit collection instrument.
NMB Bank Launches Instant 'Indo-Nepal Remittance' Service with Virtual Addresses!
In collaboration with Nepal Clearing House Limited (NCHL), NMB Bank has introduced a swift and secure cross-border remittance service, allowing instant funds transfer between Nepal and India without needing traditional bank account numbers.
Nabil Bank and Dhulikhel Hospital Partner to Expand Burn Care and Dialysis Services
Nabil Bank and Dhulikhel Hospital have signed a three-year strategic agreement to boost essential healthcare, including intensive burn care, artificial limb fitting, and dialysis services across Nepal.
Nepal Rastra Bank Doubles Digital Loan Limit to Rs. 10 Lakh!
Nepal Rastra Bank has revised its digital loan guidelines, doubling the borrowing cap from Rs. 5 lakh to Rs. 10 lakh to make credit more accessible.
Nabil Bank Launches Cross-Border P2P Remittance Service Between Nepal and India
Nabil Bank (NABIL) has introduced an instant, digital Person-to-Person (P2P) cross-border remittance service connecting Nepal and India.
Kumari Bank Partners with B&B Hospital to Offer Up to 10% Discount on Healthcare Services
Kumari Bank Limited and B&B Hospital Pvt. Ltd., Gwarko, have signed an agreement to provide exclusive healthcare discounts to the bank's customers.
Nabil Bank Launches Real-Time P2P Remittance to India via nBank App
In a major boost to cross-border digital payments, Nabil Bank has introduced a real-time Person-to-Person (P2P) remittance service on its nBank mobile app. The new feature allows both Nepali and Indian account holders to instantly transfer funds from Nepal to their friends and family in India with just a few taps
Machhapuchchhre Bank Lists Rs 3 Arba Preference Shares on NEPSE
Machhapuchchhre Bank has listed 3 crore units of its perpetual non-cumulative preference shares on NEPSE, with trading set to begin from Jestha 20.