Banking News - Page 7
NRB to Collect Rs. 8.5 Arba Deposits Through Bidding Today.
Nepal Rastra Bank (NRB) will collect Rs. 8.5 Arba in deposits from banks and financial institutions through a competitive bidding process today for a period of 175 days.
MetLife to Provide Life and Accident Cover to RBB Employees
MetLife, American Life Insurance Company, has entered into an agreement with Rastriya Banijya Bank (RBB) to provide group life and group personal accident insurance coverage to the bank’s employees.
Muktinath Development Bank Launches Special Loan Scheme for Festive Season
Muktinath Development Bank has introduced a special loan scheme targeting farmers and small and medium-sized enterprises ahead of the major festivals of Teej, Dashain, Tihar and Chhath.
Kumari Bank, Helvetas Nepal Join Hands to Expand Green Business Financing
Kumari Bank and Helvetas Nepal have signed an MoU to expand financial access and business development support for green enterprises, farmers, youth-led businesses and other stakeholders involved in green value chains.
NRB to Mop Up Rs. 35 Arba from Banking System Through 180-Day Deposit Auction
Nepal Rastra Bank (NRB) is set to collect Rs. 35 Arba through an 180-day deposit collection instrument to manage excess liquidity in the banking system and help maintain interest rate stability.
NMB Capital Announces Cash Dividends for Three Mutual Funds
NMB Capital Limited has announced cash dividends for unit holders of three mutual funds under its management—NMB Fifty, NMB Sulav Investment Fund-II and NMB Hybrid Fund L-II. NMB Sulav Investment Fund-II has declared the highest dividend at 10%.
Interest Rate Cut: Nepal’s Banks Lower Deposit Rates Amid Excess Liquidity
Twenty commercial banks in Nepal have announced their new interest rates for Bhadra, with the average maximum deposit rate declining further from the previous month as excess liquidity continues to build up in the banking system.
NRB to Raise Rs. 20 Billion Through 35-Day Deposit Collection Instrument
Nepal Rastra Bank is set to collect Rs. 20 billion from banks and financial institutions through a 35-day deposit collection instrument to manage liquidity in the banking system.
Banking Sector Recovery Begins? ICRA Says Nepal’s Toughest Phase May Be Over
ICRA Nepal’s latest report says Nepal’s banking sector is gradually moving toward recovery, supported by lower interest rates, improving loan growth and stronger borrower finances, although high non-performing loans and capital pressure remain major concerns.
Q4 Update: Kumari Bank’s Profit Surges 306% to Rs. 7.39 Billion
Kumari Bank Limited has reported a sharp 305.96% year-on-year increase in net profit to Rs. 7.39 billion in Q4 of FY 2082/83, supported by higher net interest income and a reversal of impairment charges.
NIC Asia Capital Proposes 50% Cash Dividend
NIC Asia Capital Limited has proposed a 50% cash dividend, including tax, for its shareholders from the profits of FY 2082/83. The proposal will be presented for final approval at the company’s upcoming 10th Annual General Meeting (AGM).
Nepal Moves Toward Digital Rupee, Legal Reforms and Pilot Testing Underway
Nepal is preparing to introduce a central bank digital currency (CBDC), with legal reforms, regulatory frameworks and controlled pilot testing being considered before the digital rupee is rolled out to the public.