Latest News
MetLife Nepal Reaches Jumla: Bringing Financial Security to the Remote High-Lands!
MetLife Nepal has officially expanded its operations to Jumla, marking a significant step in bringing insurance services to remote communities. By opening a new agency office and partnering with local social organizations for educational support, the company aims to enhance both financial security and digital literacy in the Karnali region.
4 months ago
Rastriya Banijya Bank to Launch NepalPay Cards: Strengthening Domestic Digital Payments!
Rastriya Banijya Bank (RBB) has signed a strategic agreement with Nepal Clearing House Limited (NCHL) to roll out NepalPay Card services. As a principal member of the National Card Switch, the state-owned bank aims to leverage its massive nationwide network to provide customers with an accessible and indigenous digital payment solution.
4 months ago
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
SEBON Warns Against "Informal" Pre-IPO Deals: No Legal Ground for Public Sales.
The Securities Board of Nepal (SEBON) has cautioned the public against purchasing "Pre-IPO" shares through informal channels like WhatsApp, Facebook, and SMS. The regulator clarified that selling such shares to the general public is illegal, warning that any public offering to more than 50 people requires prior formal approval from the board.
4 months ago
Global Solutions for Squatter Issues: Can Balen’s Vision of the "Singapore Model" Transform Kathmandu?
As the government initiates a nationwide campaign to manage squatter settlements, starting from Thapathali and Shantinagar, attention has turned to global success stories. While nearly 1 billion people live as squatters globally, countries like Singapore, India, and Peru offer diverse strategies. Kathmandu Mayor Balen Shah is reportedly looking toward the Singapore HDB Model, which focuses on turning displaced residents into modern homeowners through state-backed high-rise housing.
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
Policy Alert: Government Urged to Mitigate Risks as Pharma Trade Concessions Expire.
Jitendra Basnet, Director General of the Department of Industry, warns that Nepal’s graduation from a Least Developed Country (LDC) to a Developing Country could trigger a sharp rise in the cost of medicines and vaccines. The loss of international patent waivers will force local manufacturers to pay global royalties, significantly increasing production costs and market prices.
4 months ago
Weather Alert: Rainfall and High-Altitude Snow Projected Across Nepal This Week.
The Department of Hydrology and Meteorology has forecasted a week of widespread rainfall across Nepal. While various provinces will experience moderate rain and high-altitude snow starting Sunday, weather conditions are expected to gradually improve beginning this Saturday.
4 months ago
Barahi Hydropower: Small Capital, Big Vision for Nepal’s Energy Sector.
Barahi Hydropower Public Limited (BHPL) is pivoting from its stable 1.5 MW Theule Khola Project toward a more ambitious 3.45 MW expansion. While the company leverages six years of operational expertise, its recent Q2 report shows a 32.5% dip in net profit due to rising amortization costs, despite steady electricity sales.
4 months ago
Salpa Bikas Bank NPL Drops Sharply; Financial Performance Shows Signs of Improvement.
Salpa Bikas Bank (SABBL) has reported a reduction in its net loss for the third quarter of the current fiscal year. The bank’s net loss narrowed to Rs. 31.89 lakhs, down from Rs. 35.84 lakhs last year, supported by a 6.77% increase in net interest income and a significant drop in Non-Performing Loans (NPL).
4 months ago
JBBL Q3 Report: Net Profit Doubles to Rs. 62.94 Crores Amid Falling Impairment Charges.
Jyoti Vikas Bank (JBBL) has reported a remarkable 105.30% year-on-year increase in net profit, totaling Rs. 62.94 crores for the third quarter of the current fiscal year. Despite the surge in earnings and EPS, the bank's distributable profit remains at a negative Rs. 43.48 crores, and Non-Performing Loans (NPL) have climbed to 7.83%.
4 months ago
Sunday Market Update: Gold Jumps by Rs. 2,700, Silver Also Inches Up!
Gold and silver prices saw a significant upward trend in the Nepalese market this Sunday. Gold price surged by Rs. 2,700 per tola, while silver increased by Rs. 50 per tola, according to the Federation of Nepal Gold and Silver Dealers' Association.
4 months ago