Banking News
ICRA Nepal Reaffirms Nabil Bank’s Ratings, Removes ‘Negative Watch’
Nabil Bank's credit credibility receives a major boost as ICRA Nepal maintains its 'A' issuer rating and lifts the negative implication watch, signaling low credit risk and robust financial safety.
4 months ago
PhoneLoan Reshapes Nepal's FinTech Space with NPR 17 Billion Disbursed Across 10 Commercial Banks
Under Nepal Rastra Bank’s digital lending guidelines, PhoneLoan has revolutionized unsecured lending by facilitating over 5.5 lakh collateral-free, paperless loans totaling NPR 17 Billion via AI-driven credit scoring.
4 months ago
Shangrila Development Bank (SADBL) Announces Auction of 1.74 Lakh Units Promoter Shares to Public
Shangrila Development Bank Limited (SADBL) is auctioning 1,74,390 units of its promoter shares, opening up eligibility to individual investors, companies, and institutions.
4 months ago
Nepal Rastra Bank Proposes Strict Curb on Political Activity and Strikes for Bank Employees
Nepal Rastra Bank has drafted severe restrictions for banking sector employees, proposing a blanket ban on political affiliations, election campaigning, and participating in disruptive strikes, while preserving their fundamental right to vote and join professional bodies.
4 months ago
Himalayan Power Partner Limited Concludes Auction for 468,740 Units of Unclaimed Rights Shares
Himalayan Power Partner Limited (HPPL) has officially closed its public auction today for 468,740 units of ordinary rights shares that remained unsubscribed during its recent 1:0.50 rights offering.
4 months ago
Citizens Bank Opens Sale of 77,578 Units of Founder Shares to General Public
Citizens Bank International Limited (CZBIL) has opened the sale of 77,578.31 units of founder shares to qualified individual and institutional investors after existing promoters declined to purchase them within the initially allocated timeframe.
4 months ago
Salapa Bikas Bank Announces Lock-In Expiry for Mutual Fund Shares
Salapa Bikas Bank Limited (SABBL) has notified investors that the mandatory six-month lock-in period for 58,114 units of shares allocated to mutual funds will expire on Ashar 24, 2083, allowing these institutions to trade the shares freely in the secondary market.
4 months ago
Rastriya Banijya Bank Reaches 316 Branches with New Openings in Gorkha and Jumla
Fully government-owned Rastriya Banijya Bank expands its network to 316 branches after launching new offices in Siurenitar and Narakot.
4 months ago
Nepalese Commercial Banks Lobby NRB for Two-Way Interest Rate Premium Flexibility
Citing severe limitations in pricing borrower risk, banking institutions are pushing the central bank to allow both upward and downward premium adjustments based on market dynamics.
4 months ago
Garima Bikas Bank Under Madhav Prasad Upadhyay Marks 43% Net Profit Surge and Improved Asset Quality
Transitioning to insider leadership, the bank hits over Rs. 1.04 Billion in net profit while successfully lowering its non-performing loan (NPL) ratio.
4 months ago
Muktinath Bikas Bank Extends Logistical Support to Nepal Police Units Across Multiple Districts
Under its Corporate Social Responsibility (CSR) initiative, Muktinath Bikas Bank Limited has donated essential office equipment and road safety materials to several district police and traffic offices. The support, ranging from computers and furniture to road dividers, aims to strengthen public service delivery and community safety.
4 months ago
Nepal’s Economic Paradox: Tourism and Exports Surge While Manufacturing Slumps to Record Lows
The central bank's latest economic report reveals a mixed bag for Nepal's economy. While tourism, remittances, and exports show strong signs of recovery, the domestic manufacturing sector is facing a severe crisis, with overall factory capacity utilization dropping below 43%.
4 months ago