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[...]

Railing to be installed in Dhobi rivulet after accident

Kathmandu. KATHMANDU: Repair and installation of railings has begun following frequent accidents along the Dhobi Khola[...]

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[...]

Dordi Khola Hydropower Company to issue right shares

Kathmandu. Dordi Khola Hydropower Company is going to issue right shares. The meeting of the Board[...]