Nepal has the potential to double its Gross Domestic Product (GDP) per capita in the long run if it achieves the benchmarks of complete education and full health, said the latest edition of the World Bank’s Nepal Development Update launched today. Investing in its people could help propel Nepal toward its goal of Middle-Income-Country status by increasing the productivity and competitiveness of labor, leading to accelerated inclusive growth, added the report.
Finance Minister Dr Yuba Raj Khatiwada said banking services would be extended to all local level across the country within the current fiscal year of 2018/19.
Laxmi Bank is proud to announce “Laxmi Bank Open Golf 2018”. This tournament will be played at Gleneagles designed Gokarna Golf Club on Saturday, 1st December 2018. The bank started sponsorship of this event in 2014 and has been hosting it annually. The event has become a popular affair among the amateur golfing fraternity.
Nepal Rastra Bank (NRB) Governor Chiranjibi Nepal has warned that the loosely regulated cooperatives those mobilize deposits are the biggest threat to the financial sector stability of the country.
The World Bank has approved its first loan to strengthen the finances and operations of Nepal’s energy sector, so it can deliver reliable, affordable and sustainable power to the Nepali people. c
Standard Chartered Bank Nepal Limited has been declared as the winner of the Global Finance - World's Best Consumer Digital Bank Awards 2018 for Nepal in the Asia Pacific category.
NIC Aisa Bank has done Bancassurance Business tie up with Surya Life Insurance Company Ltd.According to this agreement Bank’s customer can easily procure Life Insurance Policies from bank’s 225 branches over country level.
Nepal Investment Bank has won the award of ‘Nepal’s Best Bank’ from Euromoney magazine’s Awards for Excellence 2018, one of the most significant accolades in financial services.
IFC, a member of the World Bank Group, has assisted Nepal Rastra Bank (NRB), the central monetary authority of Nepal, in developing the country’s first Environmental and Social Risk Management (ESRM) guidelines for the financial sector.
The International Centre for Integrated Mountain Development (ICIMOD) and NMB Bank, signed a Memorandum of Understanding (MoU) to provide the mountain communities in Nepal better access to finance on Wednesday.
The Global Alliance for Banking on Values (GABV) has appointed a senior banker Upendra Poudyal as its representative for Asia Pacific region. He will be responsible for facilitating the activities and commitments of the Asia Pacific Chapter and expanding the network in the Region, according to a press note from the GABV, headquartered in Zeist, Netherlands.