Banking News
Leadership Shift: Chhimek Laghubitta Appoints Rishiraj Joshi as New Board Chairperson
Chhimek Laghubitta Bittiya Sanstha Limited has announced the unanimous election of director Rishiraj Joshi as its new board chairperson during the company's 339th board meeting.
2 months ago
Sanima Reliance Life Insurance Crowned "Corporate Life Insurance of the Year 2026"
Sanima Reliance Life Insurance Limited has been recognized for its digital innovation, service excellence, and sector-leading contribution at the 18th Corporate Business Summit and Awards 2026.
2 months ago
Prime Commercial Bank to Issue NPR 3 Billion Worth of Debentures from Ashar 16
Prime Commercial Bank Limited is set to open the subscription for its 10-year debenture, "6.25% Prime Bank Debenture 2093," starting Ashar 16, offering investors an attractive annual interest rate of 6.25%.
2 months ago
NRB Tightens Executive Pay: Nepal's Central Bank Introduces Strict Capping and Performance Metrics for BFI CEOs
Nepal Rastra Bank issues the 'CEO Remuneration Guidelines, 2083', instituting strict annual salary caps tied to asset size and employee expenses alongside performance-contingent benefits to elevate corporate governance.
2 months ago
Garima Bikas Bank Crowned ‘Development Bank of the Year 2026’
Garima Bikas Bank wins big at the 18th Corporate Business Awards, securing the "Development Bank of the Year 2026" title on the heels of its recent "Best Managed Development Bank" accolade.
2 months ago
ICRA Nepal Reaffirms Nabil Bank’s Ratings, Removes ‘Negative Watch’
Nabil Bank's credit credibility receives a major boost as ICRA Nepal maintains its 'A' issuer rating and lifts the negative implication watch, signaling low credit risk and robust financial safety.
2 months ago
PhoneLoan Reshapes Nepal's FinTech Space with NPR 17 Billion Disbursed Across 10 Commercial Banks
Under Nepal Rastra Bank’s digital lending guidelines, PhoneLoan has revolutionized unsecured lending by facilitating over 5.5 lakh collateral-free, paperless loans totaling NPR 17 Billion via AI-driven credit scoring.
2 months ago
Shangrila Development Bank (SADBL) Announces Auction of 1.74 Lakh Units Promoter Shares to Public
Shangrila Development Bank Limited (SADBL) is auctioning 1,74,390 units of its promoter shares, opening up eligibility to individual investors, companies, and institutions.
2 months ago
Nepal Rastra Bank Proposes Strict Curb on Political Activity and Strikes for Bank Employees
Nepal Rastra Bank has drafted severe restrictions for banking sector employees, proposing a blanket ban on political affiliations, election campaigning, and participating in disruptive strikes, while preserving their fundamental right to vote and join professional bodies.
2 months ago
Himalayan Power Partner Limited Concludes Auction for 468,740 Units of Unclaimed Rights Shares
Himalayan Power Partner Limited (HPPL) has officially closed its public auction today for 468,740 units of ordinary rights shares that remained unsubscribed during its recent 1:0.50 rights offering.
2 months ago
Citizens Bank Opens Sale of 77,578 Units of Founder Shares to General Public
Citizens Bank International Limited (CZBIL) has opened the sale of 77,578.31 units of founder shares to qualified individual and institutional investors after existing promoters declined to purchase them within the initially allocated timeframe.
2 months ago
Salapa Bikas Bank Announces Lock-In Expiry for Mutual Fund Shares
Salapa Bikas Bank Limited (SABBL) has notified investors that the mandatory six-month lock-in period for 58,114 units of shares allocated to mutual funds will expire on Ashar 24, 2083, allowing these institutions to trade the shares freely in the secondary market.
2 months ago