Latest NEPSE and Share Market News - Page 4
Floods and Landslides Affect 166 Households in Myagdi's Mangala Rural Municipality
Floods and landslides have affected 166 households in Mangala Rural Municipality of Myagdi district, destroying 17 houses and leaving another 149 at varying levels of risk. The disaster has also damaged agricultural land, roads, animal sheds, and local infrastructure.
Government Office Hours Change to Winter Schedule from Tomorrow
Government offices, public institutions, and community schools across Nepal will switch to winter operating hours from tomorrow, Kartik 16, following the schedule announced by the Ministry of Home Affairs. Under the revised timetable, offices will operate from 9:00 AM to 4:00 PM instead of the previous 9:00 AM to 5:00 PM schedule.
Rastriya Banijya Bank Reports 175.52% Growth in Q1 Net Profit
Rastriya Banijya Bank Limited has reported a remarkable 175.52% year-on-year growth in net profit, earning Rs. 1.64 billion in the first quarter of FY 2083/84, compared to Rs. 598.73 million in the corresponding period of the previous fiscal year. The significant growth was driven by a sharp increase in net interest income and a substantial decline in impairment charges.
Kumari Bank Reports Rs. 1.07 Arba Net Profit in Q1; Operating Profit Jumps 32.39%
Kumari Bank Limited (KBL) has reported a modest 1.70% year-on-year growth in net profit, earning Rs. 1.07 billion in the first quarter of FY 2083/84, compared to Rs. 1.06 billion in the corresponding period last fiscal year. Despite a decline in net interest income, the bank recorded strong growth in operating profit, supported by a significant reduction in impairment charges and operating expenses.
NMB Bank Reports 27.11% Growth in First-Quarter Net Profit
NMB Bank Limited has reported a 27.11% year-on-year increase in net profit, earning Rs. 1.16 billion in the first quarter of FY 2083/84, compared to Rs. 915.98 million in the corresponding period of the previous fiscal year. The growth was supported by higher operating income, increased net interest income, and a significant decline in impairment charges.
Heavy Rainfall Blocks Multiple Roads in Kavre, Khotang, and Lalitpur
Continuous rainfall has disrupted road connectivity in several parts of Kavre, Khotang, and Lalitpur, with landslides, debris flows, and rising river levels obstructing major road sections. According to Nepal Police, multiple highways and local roads were blocked as of 6 AM today.
Government Plans 450-Kg LPG Cylinders to Curb Misuse of Cooking Gas Subsidies
The government is preparing to introduce large-capacity LPG cylinders of up to 450 kg to prevent industries, hotels, and restaurants from misusing subsidized household cooking gas. A government-formed task force has recommended a four-tier cylinder classification system, proposing to retain subsidies exclusively for household consumers while eliminating them for commercial and industrial users.
Nagdhunga Tunnel to Charge Toll Fees from Sunday Midnight
Vehicles using the Nagdhunga Tunnel will be required to pay toll fees from Sunday midnight. All vehicles entering and leaving Kathmandu through the tunnel must pay the prescribed charges in accordance with the rates published in the Nepal Gazette.
Nabil Bank Reports 45.5% Growth in First-Quarter Net Profit
Nabil Bank Limited has reported a significant increase in net profit for the first quarter of fiscal year 2083/84, earning Rs. 2.55 billion compared to Rs. 1.75 billion in the corresponding period last fiscal year. Improved interest income, higher fee and commission earnings, and a substantial reduction in impairment charges contributed to the growth.
Gold Price Plunges by Rs. 8,300 Per Tola; Silver Also Sees Sharp Decline
Nepal’s gold and silver prices recorded a significant decline on Sunday, with gold dropping by Rs. 8,300 per tola and silver falling by Rs. 175 per tola, according to the Federation of Nepal Gold and Silver Dealers’ Association.
Government Suspends N-PABSON Until Further Notice Over Repeated Non-Compliance
The Ministry of Home Affairs has suspended the National Private and Boarding Schools' Association Nepal (N-PABSON) until further notice, citing repeated failure to comply with government directives and activities allegedly contrary to its approved statute and objectives.
Japan Finally Achieves 2% Inflation Target After 13 Years, BoJ Holds Interest Rate at 1.25%
The Bank of Japan (BoJ) has announced that Japan's underlying inflation has finally reached its 2% price stability target, more than 13 years after the goal was introduced in 2013. The central bank has maintained its key interest rate at 1.25%, while expectations of a possible rate hike in December continue to grow.