7.75 trillion remittances received in 4 months

Kathmandu. In the first four months of the current fiscal year, 7.75 trillion remittances have been[...]

Prabhu Mahalaxmi Life Insurance announces bonus rate

Kathmandu. Prabhu Mahalaxmi Life Insurance Company has announced bonus rate for the insured as per the[...]

NIFRA can accept the collateral only after three auctions

Kathmandu. Nepal Infrastructure Development Bank (NIFRA) will be able to accept the collateral only after three[...]

Prabhu Mahalaxmi Life Enters Its Ninth Year, Launches E-Policy Loan

Kathmandu. Prabhu Mahalaxmi Life Insurance has completed 8 years of its establishment and has entered into[...]

Purchase and sale of promoter shares less than 2% does not require NRB’s approval (Full Text) 

. KATHMANDU: Nepal Rastra Bank (NRB) has amended the provisions relating to the sale and purchase[...]

Police to seriously investigate those involved in smearing soot on employees of Jyoti Bikas Bank

Kathmandu. The police have seriously investigated the officials of Saptakoshi Integrative Agriculture Firm who misbehaved and[...]

Employees of Jyoti Bikas Bank face black soot while discussing loan taken by Saptakoshi Integrative Agriculture Farm, the Prime Minister’s Office

Kathmandu. Employees of Jyoti Bikas Bank have been harassed while going to discuss the loan auction[...]

Promoters of banks and financial institutions should maintain shares within the limit set by the Rastra Bank within 5 years, otherwise action will be taken.

Kathmandu. Promoter shareholders of banks and financial institutions are required to bring their shares within the[...]

Banks and financial institutions can merge their branches within the metropolis by fulfilling 6 conditions. 

. KATHMANDU: Nepal Rastra Bank (NRB) has allowed banks and financial institutions (BFIs) to merge their[...]

Nepal Rastra Bank (NRB) has made a new provision to remove borrowers from the blacklist.

Kathmandu. KATHMANDU: Nepal Rastra Bank (NRB) has made a new provision allowing borrowers to remove their[...]

If the collateral is not sold even after auctioning 3 times, the bank can accept it on its own.  

. KATHMANDU: Nepal Rastra Bank (NRB) has revised the provision of accepting the collateral of borrowers[...]

Chairpersons, directors and CEOs of banks and financial institutions will not be allowed to travel abroad arbitrarily.

Kathmandu. Now, the board of directors of banks and financial institutions will have to make a[...]