March 28, 2024, Thursday

Bank

The Nepalese rupee is the weakest in history

The Nepalese rupee is the weakest in history

The Nepalese rupee has historically weakened. The Nepali rupee has been weak so far as the US dollar has appreciated. The Indian currency is weakening due to the effects of the Russia-Ukraine war. When the Indian rupee weakens, the Nepali rupee also weakens. Due to the stable exchange rate of Nepali currency with Indian rupee,…

It is not allowed to issue checks on imports through the customs office where electronic payment system has been implemented

It is not allowed to issue checks on imports through the customs office where electronic payment system has been implemented

It has become impossible to issue checks on imports through the customs office where electronic payment system has been implemented. The central bank has made the provision by amending the Unified Circular 2076 issued by the body licensed to trade foreign exchange on Friday. However, the said deposit amount can also be taken by check….

  • NRB to invest in 286 million term deposits

    NRB to invest in 286 million term deposits

    Nepal Rastra Bank Limited is going to invest Rs. 286 million in term deposits. The bank has informed in a notification that the amount in various funds of the bank will be invested in term deposits of banks and financial...

  • Saptakoshi CEO arrested: 140 million transferred to sister’s account

    Saptakoshi CEO arrested: 140 million transferred to sister’s account

    Three people, including Chief Executive Officer (CEO) Navin Subedi, have been arrested in connection with a Rs 160 million scam involving Saptakoshi Development Bank. Nepal Police have arrested Subedi, Bank Finance Chief Devi Prasad Bhandari and Operations Chief Amit Thapa...

  • NMB Bank gets Rs 1 billion loan from swiss investment fund

    NMB Bank gets Rs 1 billion loan from swiss investment fund

    NMB Bank Limited has entered into an agreement with Swiss Investment Fund for Emerging Markets (CIFEM). The bank has agreed to invest US 12 million (Rs 1.43 billion) in loans. According to the bank, after the agreement, NMB Bank will...

  • Expansion of branchless banking services of Citizens Bank

    Expansion of branchless banking services of Citizens Bank

    Citizens Bank International Limited has expanded its branchless banking services with the objective of providing accessible and state-of-the-art banking services to the residents of various remote places of the country. Meanwhile, the bank has launched 89th branchless banking service in...

  • Now you can keep money in your pocket from Nabil’s mobile banking

    Now you can keep money in your pocket from Nabil’s mobile banking

    Online payment service provider Khalti has entered into an agreement with Nabil Bank. According to which Nabil Bank customers can load money in their pocket through Nabil Smart Bank (Mobile Banking App). According to Khalti Chief Executive Officer Vinay Khadka,...