Banking News
Nabil Bank Reaffirms Data Integrity Protocols Amidst Misleading Media Reports.
Nabil Bank Limited has officially denied social media claims regarding a breach of customer transaction data. The bank clarified that any information referenced in recent news reports was accessed through legal investigative channels, not an unauthorized leak, and reaffirmed its commitment to international data security standards.
4 months ago
Banking Discipline Tightened: SC Rules Large Shareholders Accountable for Unpaid Loans.
The Supreme Court of Nepal has upheld a crucial Nepal Rastra Bank (NRB) regulation allowing the blacklisting of shareholders holding 15% or more stake in a company that defaults on bank loans. The constitutional bench ruled that large shareholders are decision-makers, not just passive investors, and cannot use the "Limited Liability" shield to escape accountability for unpaid debts.
4 months ago
Financial Milestone: Sanima Bank Posts Rs 2.35B Profit with Strong 42% Growth
Sanima Bank reports a 42.22% surge in net profit to Rs 2.35B, driving its Earnings Per Share (EPS) up by Rs 6.74 to reach Rs 23.07.
4 months ago
Nabil Bank Partners with Local Governments for Nationwide Entrepreneurship Drive
Nabil Bank has launched an extensive training program across 16 rural locations to equip 500 agricultural workers with essential financial and technical skills.
4 months ago
Mahalaxmi Bikas Bank Partners with UnionPay and Fonepay to Expand QR Network
Mahalaxmi Bikas Bank now enables UnionPay QR payments across its network, simplifying digital transactions for international tourists and local merchants.
4 months ago
Citizens Bank Auction: Promoter Shares Offered at Nearly 50% Below Market Price
Citizens Bank is auctioning 14.44 lakh promoter shares with a starting bid of just Rs 106.
4 months ago
FD Interest Rates Decline Across Most Banks in Baisakh
Most commercial banks in Nepal have reduced fixed deposit rates, with only one bank maintaining a 5% return.
4 months ago