Machhapuchchhre Bank Limited has reported a net profit of NPR 1.01 billion for the second quarter of the current fiscal year. This marks a significant 25.25% increase compared to the NPR 807.3 million earned during the same period in the previous fiscal year. This growth is underpinned by a rise in net interest income, which…
In a significant move to regulate the country’s financial landscape, Nepal Rastra Bank (NRB), the central bank of Nepal, has announced the issuance of a one-year bond worth Rs 25 billion. The security, officially titled “Nepal Rastra Bank Bond 2083 ‘Chha’,” is designed as a strategic tool for open market operations and liquidity management within…
Nepal Rastra Bank (NRB), the country’s central bank, has expressed “serious concern” over the increasing frequency of organized attacks and unprofessional behavior targeting banks and financial institutions (BFIs) and their employees. The statement follows a recent incident in Bardibas where staff members of Jyoti Bikash Bank were reportedly mistreated, sparking widespread protest from various banking…
Kamal Gyanwali, the former Chief Executive Officer (CEO) of Kist Bank, is set to be released from prison after completing approximately seven years of his jail term, following an order from the Supreme Court. The division bench of Justices Hari...
The Nepal Stock Exchange (NEPSE) index climbed by 34.42 points, marking a 1.29 percent increase and closing at 2,694.82 points. A total of 317 companies saw active trading, with over 30.1 million shares changing hands in 89,468 transactions, amounting to...
The Nepal Economic journalist Society (Sej) has decided not to arranging Rs 10 million administrated by communications and information technology for the coming Fiscal Year 2082. A meeting of the section of the Sej Saying Committee, the Sej Saying Committee,...
After a number of liquidity in banks and financial institutions, the Nepal Rastra Bank has also covered Rs 30 billion from banking system. Central Bank is drawing the amount for 21 days for a short-term appointment of liquidity management. NRB...
The Honorary Consul Corps Nepal (HCCN) celebrated its Charter Day and convened the 17th Annual General Meeting at Hotel Marriott Kathmandu on Tuesday.The highlight of the event was the election of Chandra Prasad Dhakal, Honorary Consul of Indonesia to Nepal,...
Yashoda Ayer The dramatic shift towards virtual employment in Nepal is having far-reaching effects on the country's labor market and economy, mirroring the global trend of remote work. The COVID-19 pandemic accelerated the adoption of remote work practices in Nepal...
The OPEC Fund for International Development (the OPEC Fund) has signed a US$25 million loan agreement with Global IME Bank Limited to increase access to financing for micro, small, and medium enterprises (MSMEs), including women-owned enterprises, as well as climate-smart...
