After a number of liquidity in banks and financial institutions, the Nepal Rastra Bank has also covered Rs 30 billion […]
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, as the new Dean of HCCN. Outgoing Dean Vishnu Agarwal…
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 as businesses adapted to the evolving work landscape. Initially driven…
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 projects. OPEC Fund’s loan will help to address significant financing…
Global IME Bank Limited has launched its 'Digital Universe', a dedicated digital lounge designed to offer a range of automated banking services in Kamaladi, Kathmandu. Chandra Prasad Dhakal, President of the Federation of Nepalese Chambers of Commerce and Industry, and Chairman of the Bank, inaugurated the lounge, equipped with facilities…
An agreement letter has been signed between Nepal Bankers Association and Nepal Insurance Association.On behalf of the Nepal Bankers Association, the president of the association Sunil K.C. And Chunki Chhetri, president of the association, signed on behalf of the Nepal Insurance Association. According to the agreement, the two parties have…
Monika Maharjan The deposits of the banking system increased by 2 billion rupees in one day. According to the data released by Nepal Rastra Bank today, 2 billion rupees were withdrawn from the banking system on May 9. According to the data of the Central Bank, till the 9th of…
Global IME Bank Limited has signed an agreement with the International Finance Corporation (IFC), a member of the World Bank Group, to provide advisory services to Global IME Bank across various risk management areas. These services encompass enhancing the operational risk management framework, establishing robust risk control systems, developing scoring…
The Governor of Nepal Rastra Bank Mahaprasad Adhikari has requested that since the Rastra Bank is running the resources of the common people, it should not be idle and misused. Addressing the 'RBBL Management Conference 2024' held in Kathmandu on Saturday, he suggested to increase production by mobilizing banking resources…
From the general meeting of every company, the presence of women in the broker's office is increasing. Until a few years ago, the attraction of women was only in the primary market, but now it is also significant in the secondary market. The number of women joining the stock market…
Minister for Industry, Commerce and Supply, Ramesh Rijal, has said cooperation from private sector was essential to solve the problems relating to national economy. Minister Rijal said it during a meeting with the office bearers of the Confederation of Nepalese Industries (CNI) on Monday. "I stand with private sector. I…
Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel said indicators of the country's economy are at risk due to negative impacts on the global economy and challenges stemming from the country's internal causes. He however said he was continuously effortful to resolve economic problems in the country. He made…
As the deposit collection of the banks started to increase, the amount to be taken from the central bank has started to decrease continuously. According to the Central Bank, this amount which reached up to 1 trillion rupees daily has now fallen to around 7 billion rupees. Along with the…