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.
Despite multiple challenges, the development projects supported by the Asian Development Bank (ADB) have performed well in terms of contract award and disbursement in the year 2017.
Anti Money Laundering (AML) laws key to keep the financial system clean, according to the bankers. Addressing the third episode of annual Anti Money Laundering (AML) conference in Kathmandu on Thursday, organized by National Banking Institute (NBI), Nepal Bankers Association (NBA) president Gyanendra Dhungana pointed out the significance of AML as a global initiation that needs to be taken care of in the well being of financial system and economy of the country.
Global IME Bank has opened a representative, contact office at Aldershot, Hampshire in United Kingdom (UK) on Sunday. Global IME Bank – amongst one of the leading commercial banks in Nepal – has become the first one to open a representative office in UK, according to the bank. The Governor of Nepal Rastra Bank (NRB) Dr. Chiranjibi Nepal formally inaugurated the representative, contact office during a ceremony.
Only 40 percent country’s population have access to financial services.According to Information Officer at Nepal Rastra Bank (NRB) Shambhunath Dhungana, financial literacy has been limited to 18 percent across the nation as most of the financial institutions are centered on urban areas.
As part of its 'Card Loyalty Programme', Nepal Investment bank Ltd (NIBL) and its Visa associate member banks on Sunday launched a campaign to offer its visa domestic cardholders access to exclusive cash back rewards when using their Visa debit or credit cards for all purchases.
The 31stAGM of Standard Chartered Bank Nepal, chaired by Jitender Arora, Chairman of the Bank, on Wednesday approved payment of cash dividend of 5.26 percent (for tax purposes) and bonus shares at the rate of 100 percent. Standard Chartered has recorded an operating profit and net profit of Rs 1.98 billion and Rs 1.42 billion respectively for the financial year 2016-17. As at the close of the financial year 2016-17, the bank was able to post a healthy growth of 25 percent on its risk assets over the previous year to reach Rs 39.73 billion.