Banking News - Page 3
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
NRB Raises Foreign Payment Limits to Facilitate International Transactions
Nepal Rastra Bank has revised its foreign exchange-related provisions, increasing several payment and exchange limits for medical treatment, satellite services, aviation, card transactions, and payments for services received from India.