Banking News - Page 16
Shilpa Pradhananga Takes Charge: A New Era of Leadership Begins at Ganapati Laghubitta
Shilpa Pradhananga has officially been sworn in as the Chairperson of Ganapati Laghubitta Bittiya Sanstha Limited following her unanimous election. She took her oath of office before the Chief of Nepal Rastra Bank's Pokhara Office.
Garima Bikas Bank Partners with Top Hospitals to Slash Healthcare Costs for Customers
Garima Bikas Bank has partnered with Om Hospital and Kantipur Dental Hospital to offer exclusive discounts on medical and dental services to its cardholders and mobile banking users.
NRB Moves to Mop Up Massive Rs. 120 Billion as Banking System Overwhelmed with Excess Cash
Nepal Rastra Bank is conducting a massive liquidity absorption exercise, seeking to collect Rs. 120 billion in 97-day deposits from financial institutions.
NRB to Absorb Rs. 40 Billion from Banks Through 49-Day Deposit Auction
Profit Surge: Nepal's Commercial Banks Report 19% Rise in Collective Earnings
Nabil Bank earned a record Rs 6.76 billion this quarter, while Kumari Bank saw a massive 1361% profit jump.
Rastriya Banijya Bank to Launch NepalPay Cards: Strengthening Domestic Digital Payments!
Rastriya Banijya Bank (RBB) has signed a strategic agreement with Nepal Clearing House Limited (NCHL) to roll out NepalPay Card services. As a principal member of the National Card Switch, the state-owned bank aims to leverage its massive nationwide network to provide customers with an accessible and indigenous digital payment solution.
Nabil Bank Reaffirms Data Integrity Protocols Amidst Misleading Media Reports.
Nabil Bank Limited has officially denied social media claims regarding a breach of customer transaction data. The bank clarified that any information referenced in recent news reports was accessed through legal investigative channels, not an unauthorized leak, and reaffirmed its commitment to international data security standards.
Banking Discipline Tightened: SC Rules Large Shareholders Accountable for Unpaid Loans.
The Supreme Court of Nepal has upheld a crucial Nepal Rastra Bank (NRB) regulation allowing the blacklisting of shareholders holding 15% or more stake in a company that defaults on bank loans. The constitutional bench ruled that large shareholders are decision-makers, not just passive investors, and cannot use the "Limited Liability" shield to escape accountability for unpaid debts.
Financial Milestone: Sanima Bank Posts Rs 2.35B Profit with Strong 42% Growth
Sanima Bank reports a 42.22% surge in net profit to Rs 2.35B, driving its Earnings Per Share (EPS) up by Rs 6.74 to reach Rs 23.07.
Nabil Bank Partners with Local Governments for Nationwide Entrepreneurship Drive
Nabil Bank has launched an extensive training program across 16 rural locations to equip 500 agricultural workers with essential financial and technical skills.
Mahalaxmi Bikas Bank Partners with UnionPay and Fonepay to Expand QR Network
Mahalaxmi Bikas Bank now enables UnionPay QR payments across its network, simplifying digital transactions for international tourists and local merchants.
Citizens Bank Auction: Promoter Shares Offered at Nearly 50% Below Market Price
Citizens Bank is auctioning 14.44 lakh promoter shares with a starting bid of just Rs 106.