Banking News
Capital Market Update: Sanima Bank’s Rs 2 Arba Preference Shares Listed on NEPSE for Exclusive Institutional Trading
Sanima Bank has listed 2 crore units of perpetual non-cumulative preference shares on NEPSE, with trading starting tomorrow.
3 months ago
Muktinath Bikas Bank Opens Massive 1.56 Lakh Unit Promoter Share Auction to the General Public
Muktinath Bikas Bank is auctioning 156,283 units of promoter shares from Jestha 7 to Jestha 14 at Rs 100 base price.
3 months ago
Monetary Intervention: Central Bank Initiates Rs 30 Billion Liquidity Mopping Operation
Nepal Rastra Bank is deploying a 91-day deposit collection instrument today to absorb Rs 30 billion in excess liquidity from the financial sector.
3 months ago
Nabil Bank Integrates SIP Services Directly Into "nBank" App
Nabil Bank Limited has expanded its digital banking platform, "nBank," by introducing an integrated Systematic Investment Plan (SIP) service in partnership with Nabil Investment Banking Limited. This new, fee-free feature allows users- including Nepalese citizens living abroad—to register for SIPs and automate installment payments digitally via the app's homepage, advancing the bank's digital transformation goals.
3 months ago
NRB Tightens Interest Rate Corridor with New Standing Deposit Facility
The Nepal Rastra Bank (NRB) has launched a Standing Deposit Facility (SDF) offering a fixed 3 percent interest rate to absorb excess banking liquidity and stabilize volatile money markets. While designed to establish a solid floor for the central bank's interest rate corridor, ongoing credit slumps are shifting heavy interest costs to the NRB, prompting financial experts to call for a transition from a twice-weekly window to a daily operation.
3 months ago
Nabil Bank Integrates Seamless SIP Investment Services into its 'nBank' Mobile App
Nabil Bank has expanded its digital landscape by embedding comprehensive investment services directly into its "nBank" mobile app. Launched in partnership with Nabil Investment Banking, the newly integrated feature allows users to register for Systematic Investment Plans (SIP) and execute installment payments directly from their smartphones with zero hidden fees.
3 months ago
Monetary Policy Review: NRB Warns of Inflationary Risks as Fuel Costs Soar
Nepal Rastra Bank has left its key policy rates unchanged in its latest quarterly review. While keeping an accommodative stance to spur private sector credit, the central bank announced plans to fine-tune its standing deposit facility to make market interest rates more stable.
3 months ago
NIC Asia Bank Introduces QR-Enabled Auction Property Platform
NIC Asia Bank launches an online portal featuring photos, maps, and coordinates for properties listed for auction.
3 months ago
Jestha Interest Rate Update: Commercial Banks Implement Selective Cuts Amid Market Stability
As banks finalize their interest rate structures for the month of Jestha, the majority of commercial institutions have opted to maintain current rates, though a few key players have introduced downward adjustments for individual depositors.
3 months ago
Banking Crisis: CEO Arrest Over Loan Recovery Sparks Fear of Institutional Paralysis
The arrest of NIMB’s CEO over the auction of collateral has triggered a nationwide debate on banking autonomy, loan recovery rights, and the protection of depositors' funds.
3 months ago
Digital Nepal: Mobile Banking Transactions Surge to Rs 6.18 Kharba!
Latest Nepal Rastra Bank data reveals a massive shift toward digital finance, with mobile banking and QR codes leading the way as of Chaitra 2082 BS.
3 months ago
NRB Liquidity Mopping: Central Bank to Absorb Rs 40 Billion Excess Cash
NRB steps in to stabilize the interbank market by collecting Rs 40 billion in deposits through a competitive bidding process today.
3 months ago