Banking News
Citizens Bank Opens Sale of 77,578 Units of Founder Shares to General Public
Citizens Bank International Limited (CZBIL) has opened the sale of 77,578.31 units of founder shares to qualified individual and institutional investors after existing promoters declined to purchase them within the initially allocated timeframe.
2 months ago
Salapa Bikas Bank Announces Lock-In Expiry for Mutual Fund Shares
Salapa Bikas Bank Limited (SABBL) has notified investors that the mandatory six-month lock-in period for 58,114 units of shares allocated to mutual funds will expire on Ashar 24, 2083, allowing these institutions to trade the shares freely in the secondary market.
2 months ago
Rastriya Banijya Bank Reaches 316 Branches with New Openings in Gorkha and Jumla
Fully government-owned Rastriya Banijya Bank expands its network to 316 branches after launching new offices in Siurenitar and Narakot.
2 months ago
Nepalese Commercial Banks Lobby NRB for Two-Way Interest Rate Premium Flexibility
Citing severe limitations in pricing borrower risk, banking institutions are pushing the central bank to allow both upward and downward premium adjustments based on market dynamics.
2 months ago
Garima Bikas Bank Under Madhav Prasad Upadhyay Marks 43% Net Profit Surge and Improved Asset Quality
Transitioning to insider leadership, the bank hits over Rs. 1.04 Billion in net profit while successfully lowering its non-performing loan (NPL) ratio.
2 months ago
Muktinath Bikas Bank Extends Logistical Support to Nepal Police Units Across Multiple Districts
Under its Corporate Social Responsibility (CSR) initiative, Muktinath Bikas Bank Limited has donated essential office equipment and road safety materials to several district police and traffic offices. The support, ranging from computers and furniture to road dividers, aims to strengthen public service delivery and community safety.
2 months ago
Nepal’s Economic Paradox: Tourism and Exports Surge While Manufacturing Slumps to Record Lows
The central bank's latest economic report reveals a mixed bag for Nepal's economy. While tourism, remittances, and exports show strong signs of recovery, the domestic manufacturing sector is facing a severe crisis, with overall factory capacity utilization dropping below 43%.
2 months ago
Nepal Rastra Bank Report Unmasks Toxic Lending Practices and Surge in Bad Loans Across Commercial Banks
Nepal Rastra Bank’s FY 2024/25 Annual Supervision Report reveals a worrying financial decay within the banking sector, as bad loans cross Rs 220 billion and internal audits expose deep-rooted systemic manipulations like "evergreening."
2 months ago
Global IME Bank Appoints Bindra Hada Bhattarai as Independent Director
Global IME Bank Limited has expanded its Board of Directors by appointing seasoned public policy and administration expert Bindra Hada Bhattarai as an Independent Female Director.
2 months ago
System Liquidity Management: Central Bank to Mopping Up Rs 100 Billion via Deposit Collection Today
Nepal Rastra Bank (NRB) is set to float a 19-day deposit collection instrument worth Rs 100 billion to absorb excess liquidity from the banking sector through an automated online bidding mechanism.
2 months ago
Kumari Bank Pioneers Nepal's First ERP-Driven Digital Loan Platform for SMEs
In a major leap for financial inclusion, Kumari Bank partners with IMS Software to launch Nepal’s first integrated digital credit platform, offering up to Rs. 500,000 in collateral-free working capital loans to small businesses.
2 months ago
Liquidity Mopping: Nepal Rastra Bank to Absorb Another Rs 60 Billion From Banking System Today
In a bid to manage excessive liquidity lingering within the financial sector, Nepal Rastra Bank (NRB) has announced a bidding window today to scoop up Rs 60 billion through a 23-day deposit collection instrument.
2 months ago