Bank’s interest rate highest in three years

1 October, Kathmandu. The new interest rate has been implemented on deposits from today. Banks have announced new interest rates for the month of November. Most of the banks that have taken interest rates public have raised their rates. Bank interest rates have risen sharply in the last three years. Nepal Bankers Association President Bhuvan… Continue reading Bank’s interest rate highest in three years

Banker Upendra Paudyal: Who wanted to be a doctor

When it comes to lucrative offers, it is natural for CEOs to switch banks. On the other hand, Upendra Paudyal had taken leave from the leadership of NMMB Bank four years ago saying that he would serve the country from other fields. Paudyal, who has spent three decades in the banking sector, has been the… Continue reading Banker Upendra Paudyal: Who wanted to be a doctor

Sanima Bank reduced interest rates, other banks also reduced?

31st September, Kathmandu. Sanima Bank has cut interest rates. The bank announced the new interest rate on Sunday, soon after the holiday. According to the bank, the maximum interest rate on fixed deposits has been fixed at 8.51 percent. Earlier, the bank had fixed 9.51 percent on fixed deposits. As the interest rate on fixed… Continue reading Sanima Bank reduced interest rates, other banks also reduced?

Instructions to postpone the final assembly of Gorkhaj Finance

16 August, Kathmandu. The District Administration Office, Kathmandu has directed to postpone the final assembly of Gorkhaj Finance. Finance had known as an annual common assembly on 7 August with the agenda together with number of the board of administrators. While the prohibitory orders issued because of the Corona epidemic have been nonetheless in power,… Continue reading Instructions to postpone the final assembly of Gorkhaj Finance

Deposits of growth banks decreased by Rs 2 billion in every week

16 August, Kathmandu. Deposits of growth banks have declined. In the final one week alone, deposits of growth banks have declined by Rs 2.23 billion. As of August 19, the deposits of growth banks stood at Rs 489.37 billion. By August 26, deposits have come down by 0.46 per cent or Rs 2.23 billion to… Continue reading Deposits of growth banks decreased by Rs 2 billion in every week

Pandemic economic system: excessive meals value rise, no enhance in revenue

August 10, Kathmandu. In the final monetary 12 months 2077/78, when the worth of meals elevated, the wage charge of staff has elevated marginally. According to the Nepal Rastra Bank report on final 12 months’s financial and monetary state of affairs, launched on Thursday, costs of ghee and oil rose by 17.54 per cent and… Continue reading Pandemic economic system: excessive meals value rise, no enhance in revenue

The mortgage tenure to be repaid by mid-December has been prolonged by one yr

August 8, Kathmandu. Covid affected debtors could have extra time to repay the mortgage. Nepal Rastra Bank (NRB) has directed to increase the principal and curiosity legal responsibility to be paid by mid-December for yet another yr. The Nepal Rastra Bank (NRB) on Tuesday issued built-in directives to industrial banks, growth banks and finance firms… Continue reading The mortgage tenure to be repaid by mid-December has been prolonged by one yr

Loan might be obtained by mortgage of land with out motor street

August 8, Kathmandu. Now it’s attainable to take loans from banks and monetary establishments by mortgaging land with out motor roads. The restrict for such loans is as much as Rs 2 million. Nepal Rastra Bank (NRB) has issued a unified directive for the implementation of financial coverage for the present monetary 12 months and… Continue reading Loan might be obtained by mortgage of land with out motor street

All banks lowered base charge, rate of interest on loans grew to become cheaper

August 6, Kathmandu. Commercial banks have lowered the bottom charge within the final monetary 12 months 2077/78. The 27 working industrial banks noticed a decline of 1.61 per cent over the earlier 12 months. The base charge is the primary foundation for figuring out the rate of interest of a financial institution mortgage. The base… Continue reading All banks lowered base charge, rate of interest on loans grew to become cheaper

Class A banks earned 63 billion rupees amid pandemic, mentioned Nabil

August 1, Kathmandu. In the final monetary yr 2077/78, ‘A’ class banks have earned a internet revenue of over Rs 63 billion. The 27 working industrial banks posted a internet revenue of Rs 63.37 billion final yr. This is about Rs 11 billion greater than the earlier monetary yr 2076/77. In the final monetary yr,… Continue reading Class A banks earned 63 billion rupees amid pandemic, mentioned Nabil