Banking News - Page 6
NRB to Absorb NRS 55 Billion from Banking System
Nepal Rastra Bank is set to collect NRS 55 billion in deposits for 60 days to manage excess liquidity and help stabilize interest rates.
Global IME Bank to Hold AGM to Approve Dividend
Global IME Bank has called its 20th Annual General Meeting to approve a 4% bonus share and 6% cash dividend proposed from last fiscal year’s profit.
Prime Bank Lists Rs. 3 Billion 6.25% Debenture 2093 on NEPSE
Prime Commercial Bank has listed 3 million units of its 10-year 6.25% Prime Bank Debenture 2093 on NEPSE at a face value of Rs. 1,000 per unit.
NIC Asia Capital to Launch Rs. 800 Million Equity Opportunity Fund
NIC Asia Capital is set to issue 80 million units of its new closed-ended mutual fund, NIC Asia Equity Opportunity Fund, at a face value of Rs. 10 per unit.
Muktinath Capital to Launch Rs. 1 Billion Muktinath Mutual Fund 2
Muktinath Capital Limited is set to issue 100 million units of its second mutual fund, Muktinath Mutual Fund-II, worth Rs. 1 billion.
Nepal Rastra Bank to Mop Up Rs. 35 Billion from Banking System
Nepal Rastra Bank is set to collect Rs. 35 billion in deposits for 60 days through an online bidding process to manage excess liquidity and help stabilize market interest rates.
Muktinath Development Bank to Acquire Janaki Finance and Sindhu Development Bank
Muktinath Development Bank has moved forward with plans to acquire Janaki Finance and Sindhu Development Bank after the respective boards approved the proposed acquisition.
NRB to Absorb Rs. 18 Billion from Market
Nepal Rastra Bank will collect Rs. 18 billion in deposits for 90 days to manage liquidity in the banking system.
Nepal Rastra Bank Eases Branch Relocation Rules for Disaster-Hit Microfinance Firms
Nepal Rastra Bank has introduced a special provision allowing disaster-affected microfinance institutions to relocate or merge branches without prior approval.
Global IME Bank Announces 10% Dividend
Global IME Bank has announced a 10% dividend for shareholders from its distributable profit for FY 2082/83.
NRB to Absorb Rs. 20 Billion to Manage Excess Liquidity
Nepal Rastra Bank is set to collect Rs. 20 billion in deposits from the banking system through a three-month deposit collection instrument to manage excess liquidity.
NRB Directs Banks to Keep Services Running in Disaster-Hit Areas
Nepal Rastra Bank has instructed banks and financial institutions to ensure the continuity of banking and payment services in areas affected by recent natural disasters, while supporting rescue, relief and rehabilitation efforts.