NIC Asia’s Miracles, Profits and Other Indicators Are Encouraging

Bank CEO Roshan Newpane January 7, Kathmandu. NIC Asia Bank has made a net profit of Rs 2.40 billion in the first six months of the current financial year. As per the bank’s public financial statements till mid-December, the bank’s profits have shown decent growth, while other indicators are also encouraging. The profit has increased… Continue reading NIC Asia’s Miracles, Profits and Other Indicators Are Encouraging

Himalayan and Investment Bank’s merger agreement broken

Merger Agreement between Himalayan Bank and Nepal Investment Bank. December 30, Kathmandu. The merger agreement between two big banks, Nepal Investment Bank and Himalayan Bank, has broken down. The special proposal for merger was rejected in the general meeting of Himalayan Bank on Friday. Ashok Shamsher Jabra, chief executive officer of the bank’s Himalayan Bank,… Continue reading Himalayan and Investment Bank’s merger agreement broken

Cash problem eased in the bank, added Rs 58 billion in a week

26 December, Kathmandu. Deposits in commercial banks have increased by Rs 58 billion in the last one week. This is a big relief for the banks facing the problem of cash. Banks were facing severe liquidity crunch due to high credit flow and low deposit collection. According to the Nepal Bankers Association, an association of… Continue reading Cash problem eased in the bank, added Rs 58 billion in a week

Anniversary Discounts and Cashback for Global IME Customers

Global IME Bank Ltd., on the occasion of its 15th anniversary, has announced plans to offer discounts and cashback on card and digital banking transactions for the convenience of its customers. Taking the occasion of the annual celebration, the Bank will offer free Mobile Banking, Debit and Credit cards to its esteemed customers from 15… Continue reading Anniversary Discounts and Cashback for Global IME Customers

Problems sourcing microfinance due to liquidity effect in banks

December 14, Kathmandu. The Chief Executive Officers (CEOs) of microfinance financial institutions have started soliciting loans from banks. But banks are not in a position to give loans easily. “Last year, I approached seven banks saying that they were getting only Rs. Microfinance borrows from banks as its main source. Microfinance institutions, which are borrowing… Continue reading Problems sourcing microfinance due to liquidity effect in banks

Bank malpractice: No reduction in interest rates, indiscriminate increase in premium

December 11, Kathmandu. The new interest rate on loans is to be maintained in November based on the average base rate of July, August and September, but some banks have been found to increase or decrease the interest rate based on the base rate. October only. In this way, the difference in interest rate on… Continue reading Bank malpractice: No reduction in interest rates, indiscriminate increase in premium

FNCCI accuses banks of exorbitantly raising interest rates, seeks withdrawal

file photo 9th December, Kathmandu. The Federation of Nepalese National Entrepreneurs (FNE) has objected to banks and financial institutions raising interest rates on loans under the pretext of infusion (liquidity). In a press release issued on Friday, FNCCI President Naresh Katuwal said that the recent actions of the bank have tried to push the economy… Continue reading FNCCI accuses banks of exorbitantly raising interest rates, seeks withdrawal

All banks except civil have declared dividend to the rich, how much of which bank?

4th December, Kathmandu. All banks except Civil have declared dividend to their shareholders from the profits of the previous financial year 2077/78. In the declared dividends, Nabil Bank has become the highest dividend payer among banks this year as well. Of the 27 commercial banks in operation, the National Commercial Bank is wholly owned by… Continue reading All banks except civil have declared dividend to the rich, how much of which bank?

‘Bank arbitrarily raised interest rates, central bank should intervene’

4th December, Kathmandu. The number one state, the Confederation of Nepali Industry (CNI), has objected to banks arbitrarily raising interest rates on loans. The Confederation has issued a press release objecting to the recent increase in interest rates by banks on the pretext of lack of liquidity. Confederation number one state president Bhim Ghimire said… Continue reading ‘Bank arbitrarily raised interest rates, central bank should intervene’

Banks demand reverse deposit from industrialists seeking loans

2nd December, Kathmandu. An industrialist from Birgunj went to the bank to ask for a loan to expand another plant in the flour industry. The branch head asked him to give a loan of Rs 5 crore for the expansion of the industry. One is to raise Rs 5 crore from any source before starting… Continue reading Banks demand reverse deposit from industrialists seeking loans