NEWS

3rd National Fish Festival Commences
3rd National Fish Festival Commences
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November 25: Third National Fish Festival-2073organised by Nepal Fish Traders'Association has commenced at Bhrikutimandap, Kathmandu on November 24. The Festival was inaugurated by Radhika Tamang, State Minister for Agriculture. Inaugurating the festival, Tamang assured of improving the policies and problems associated by fisheries business…

Kankai Opens Branch at Rajgadh
Kankai Opens Branch at Rajgadh
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November 25: Kankai Bikash Bank has opened a branch at Rajgadh of Jhapa. Ramu Poudel, Director of NRB, Biratnagar branch inaugurated the branch amid a function on November 25. With the addition, the number of branches of the bank has reached…

Remit Pact between Max Money and City Express
Remit Pact between Max Money and City Express
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November 25: Max Money Malaysia and City Express Money Transfer have recently finalised an agreement regarding remittance. Abd Hamid, CEO of Max Money and Chandra Tandon, Managing Director of City Express signed the agreement on behalf of their respective…

BPC Appoints NMB Capital as Issue Manager
BPC Appoints NMB Capital as Issue Manager
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November 25: Butwal Power Company (BPC) has appointed NMB Capital as its issue manager. The company appointed NMB Capital as its issue manger to manage its forthcoming further public offering (FPO). Uttar Kumar Shrestha, CEO of BPC and Srijesh Ghimire, CEO of NMB Capital signed the agreement regarding this amid a program on November 24. According to the company, it will be issuing the FPO adding premium.…

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King’s College Collaborates with Yunus Centre Dhaka
King’s College Collaborates with Yunus Centre Dhaka
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November 25: King’s College has sealed an agreement with Yunus Centre Dhaka, Bangladesh to establish ‘Yunus Social Business Centre (YSBC)’ at King’s College,…

Nepal SBI Bank to Issue FPO in Premium
Nepal SBI Bank to Issue FPO in Premium
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November 24: Nepal SBI Bank is preparing to issue 67,767.87 units of further public offering (FPO) in premium. The 398th board of directors' meeting of the bank held on October 3 decided to issue the FPO in premium. The bank has set the price of a share at Rs 984 including Rs 100 par value and Rs 884 for premium. According to the bank, it is issuing the FPO in a bid to maintain the promoter:ordinary share ratio to…

NIBL Pragati Fund from December 1
NIBL Pragati Fund from December 1
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November 24: NIBL Mutual Fund is issuing NIBL Pragati Fund from December 1. The company has allocated 51 million mutual fund units to general investors, 1 million units to issue manger NIBL Capital Markets and 8 million units to promoter company Nepal Investment Bank. Interested investors can apply for…

TCL Washing Machine in Market
TCL Washing Machine in Market
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November 24: EOL Pvt Ltd, a subsidiary company of CG and the authorised distributor of TCL for Nepal, has launched a new front load washing machine in the Nepali market. Issuing a press statement, the company informed that the TCL washing machine includes 12 washing programmer, 14 min quick wash 0-24h delay…

FMO Increases its Stake in NMB Bank
FMO Increases its Stake in NMB Bank
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November 24: FMO, the Dutch development bank has increased its stake in NMB Bank in Nepal. Issuing a press statement, the bank informed that FMO increased its equity investment in the company from 3% to…

Nabil Bank Supports Sindhupalchowk School
Nabil Bank Supports Sindhupalchowk School
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November 24: Nabil Bank has provided support for the construction of Shree Fatakshila Secondary School, Sindhupalchowk. The bank extended support of Rs 401,783 collected from the employees of the bank. The school building was destroyed by the devastating earthquake of the last…

Manaslu Gets Felicitated
Manaslu Gets Felicitated
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November 24: Manaslu Bikash Bank, headquartered at Gorkha, has been felicitated as the highest tax payer of 2071/72 from Gorkha. The Internal Revenue Office, Pokhara felicitated the bank on the occasion of National Tax…

"RBB Will Have To Make Additional Effort To Win Customers' Trust"

November 24: Deputy Prime Minister and Finance Minister Krishna Bahadur Mahara said that Rastriya Banijya Bank will have to make additional effort to win customers' trust in the competitive market so that to fulfil the government's program of providing banking service accessibility within the citizens' premises.…

National Microfinance Opens Branch at Kopuwa
National Microfinance Opens Branch at Kopuwa
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November 24: National Microfinance Bittiya Sanstha has opened its 26th branch at Kopuwa of Kapilvastu. Ram Bahadur Yadav, Chief Executive Officer of the microfinance inaugurated the branch amid a function on November…

NEEK Electro Tech 2016 Concludes
NEEK Electro Tech 2016 Concludes
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November 23: The 8th edition of the ‘NEEK Electro Tech 2016’ concluded on November 22. According to Tej Narayan Kharel, President of NEEK, five days long…

Patanjali to invest Rs 16 billion in Nepal
Patanjali to invest Rs 16 billion in Nepal
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November 23: Indian yoga guru Ramdev is planning to open a unit of Patanjali Ayurved in Nepal. Yoga Guru Ramdev arrived in the capital on a week-long visit on Tuesday, November 22. He said he will make investment of INR 1 billion in Nepal in the new…