Latest NEPSE and Share Market News - Page 48
Nepal Moves Closer to Digital Rupee as NRB Completes CBDC Feasibility Study
Nepal Rastra Bank has completed its feasibility study on a Central Bank Digital Currency (CBDC), or Digital Rupee, highlighting its potential to strengthen payment security, expand financial access, reduce cash-management costs, and support Nepal’s transition toward a digital economy.
Government Vows Stronger Partnership With Private Sector to Drive Economic Growth
Finance Minister Dr. Swarnim Wagle has reaffirmed the government’s commitment to treating the private sector as a key partner in nation-building, with a focus on investment protection, policy stability, production, reinvestment, and job creation.
Nepal Moves Closer to Digital Rupee as NRB Completes CBDC Feasibility Study
Nepal Rastra Bank has completed its feasibility study on a Central Bank Digital Currency (CBDC), or Digital Rupee, highlighting its potential to strengthen payment security, expand financial access, and reduce the cost of managing physical currency.
Kumari Bank Promoter Share Auction: 3.21 Lakh Units Up for Bid
Kumari Bank Limited (KBL) has announced an auction of 320,948 promoter shares to its existing promoter shareholders. Eligible shareholders can submit their bids within 35 days from the publication of the notice on Shrawan 24, 2083.
Q4 Update: Makar Jitumaya Suri’s Net Profit Surges 67.57%
Makar Jitumaya Suri Hydropower Limited (MAKAR) has reported a strong improvement in profitability in Q4 FY 2082/83, with net profit rising 67.57% to Rs. 7.82 crore. The growth was mainly supported by lower financial expenses and a significant reduction in long-term debt.
Q4 Update: Panchthar Power Swings to Rs. 8.51 Crore Profit
Panchthar Power Company Limited (PPCL) has returned to profitability in Q4 FY 2082/83, reporting a net profit of Rs. 8.51 crore compared to a loss of Rs. 6.17 crore in the previous fiscal year. The company’s electricity sales revenue also jumped to Rs. 37.78 crore following the resumption of power generation.
Gold & Silver Surge: Gold Rises Rs. 4,800 Per Tola
Gold and silver prices surged sharply in the Nepali market on Sunday, Shrawan 24, with gold rising by Rs. 4,800 per tola and silver by Rs. 65 per tola compared to Friday.
LPG Gas Alert: Government Launches Crackdown on Artificial Shortage
The government has stepped up monitoring of LPG gas depots in Kathmandu Valley following complaints of artificial shortages and overpricing. Plainclothes police have been deployed to investigate sellers suspected of hoarding gas, turning away customers despite having stock, and selling cylinders above the official price.
Upper Tamakoshi Shutdown Alert: 456 MW Plant Halts for 10 Hours
Nepal’s largest hydropower plant, the 456 MW Upper Tamakoshi Hydropower Project, has suspended power generation for around 10 hours to remove heavy sediment and debris accumulated in its reservoir following floods and heavy rainfall. The project has urged residents along the Tamakoshi River to remain highly alert as water discharge may cause sudden changes in river flow.
Capital Max Moves Into Margin Trading, Secures Rs. 1 Billion Credit Facility
Capital Max Securities Limited (Stock Broker No. 62) is preparing to launch margin trading services by arranging a Rs. 1 billion short-term bank facility. The move is expected to diversify the company’s income beyond brokerage commissions and strengthen its position in Nepal’s growing capital market.
Digital Rupee Alert: Nepal Could Save Rs. 4.73 Billion on Currency Printing
Nepal Rastra Bank has unveiled a concept for a Central Bank Digital Currency (CBDC), marking a potential turning point in the country’s financial system. If implemented effectively, digital currency could reduce the need for physical banknotes by 50% within five years, potentially saving the government around Rs. 4.73 billion.
Digital Payment Boom: QR Transactions Surge by 92% in Nepal
Nepal’s shift toward digital payments is accelerating rapidly, with QR payment transactions rising by 92.5% and transaction value increasing by 91.8% in FY 2024/25, according to Nepal Rastra Bank data. Digital wallet and mobile banking users have also crossed 26 million and 27 million, respectively.