NMB Bank initiates Consortium Loan to Gharkhola Hydropower
NMB Bank initiates Consortium Loan to Gharkhola Hydropower
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April 11: NMB Bank along with another two BFIs are providing consortium loan to Gharkhola Hydropower project. The 14MW project is located at Sikh and Ghar VDC of Myagdi. The Gharkhola HEP is being financed by NIC Bank and Kailash Bikas Bank headed by NMB Bank. In the total cost of Rs 2.14 billion of the HEP, the banks will invest Rs…

Janata Bank to acquire Siddhartha Development
Janata Bank to acquire Siddhartha Development
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April 11: Janata Bank is set to acquire Siddhartha Development Bank. The bank, few days earlier, merged Tribeni Bikas Bank into it and started joint transaction. “With the acquisition, the paid-up capital of Janata Bank will reach Rs 8 billion,” said the bank in a press statement. After the merger with Tribeni Bikas Bank, the paid-up capital…

Jyoti Bags International Award
Jyoti Bags International Award
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April 11: Jyoti Bikas Bank has bagged Best Enterprise Award. Jyoti was announced the best enterprise of Nepal’s banking sector in a program organized in London on March 28. The program was jointly organized by London-based Institute of Directors and European Business…

Machhapuchchhre Bank Partners with Sakchyam
Machhapuchchhre Bank Partners with Sakchyam
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April 11: Machhapuchchhre Bank and Ukaid Sakchyam Access to Finance have entered into an agreement. The two institutions signed the agreement on April 10 regarding providing access of banking services in seven various districts of…

Siddhartha Bank Appoints Laxmi Capital as its Issue Manager
Siddhartha Bank Appoints Laxmi Capital as its Issue Manager
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April 11: Siddhartha Bank has appointed Laxmi Capital as its Issue Manager. The bank appointed the issue manager in order to manage its upcoming right shares. Rajeev Sapkota, CEO of Laxmi Capital and Bhola Nath Dhungana, Company Secretary of Siddhartha Bank…

Sunrise Bank Releases New Year Calendar
Sunrise Bank Releases New Year Calendar
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April 11: Sunrise Bank has unveiled its New Year calendar. The bank released the calendar amid a program organized in its head office at Gairidhara, Kathmandu on April 10. The…

Inflation below 3%
Inflation below 3%
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April 10: During the month of mid-February to mid-March of the current FY, inflation has been limited to 2.9 percent. The inflation rate was 10.2 percent during the review period of last…

Nepal Life ‘Smart Jeevan Beema’ Scheme
Nepal Life ‘Smart Jeevan Beema’ Scheme
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April 10: Nepal Life Insurance has launched ‘Smart Jeevan Beema’ scheme with a slogan ‘Smart Hunuhos: Jimmebaar Bannuhos’. Chiranjibi Chapagain, Chairman of Insurance Board unveiled the scheme amid a program in Pokhara on April…

Siddhartha Bank Supports Eye Hospital
Siddhartha Bank Supports Eye Hospital
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April 10: Siddhartha Bank has extended its support to Nepal Eye Hospital, Tripureshwor, Kathmandu. The bank provided Rs 175,000 to the hospital under its corporate social responsibility. The fund will be used to carry out cataract surgery of 43 financially weak patients, said the bank in a press statement. Rameshwor Prasad Bastyal, Deputy…

Dymatize Products  in Nepali Market
Dymatize Products in Nepali Market
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April 10: Dymatize, an American company has launched its nutrition supplement products in Nepali Market. Issuing a press statement, the company informed that the Dymatize products are available in sales section of ‘All in one Mart’ at Minbhawan, Kathmandu. Advance Fitness Solution is the authorized distributor of the Dymatize products for…

Vianet ‘Khojekai Yehi Ho’ Offer
Vianet ‘Khojekai Yehi Ho’ Offer
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April 10: Vianet Communication, an internet service provider (ISP) company has launched ‘Khojekai Yehi Ho’ offer on the occasion of upcoming New…

Sunrise Bank Starts Branch at Khusibun
Sunrise Bank Starts Branch at Khusibun
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April 10: Sunrise Bank has started a branch at Khusibun, Kathmandu. The bank transferred Dhalko branch to Khusibun, said the bank in a press statement. Narayan Prasad Poudel, Executive Director of Nepal Rastra Bank, Bank and Financial Institutions Regulatory Department inaugurated the branch amid a function on April…

NIC Asia Opens Two Branches
NIC Asia Opens Two Branches
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April 10: NIC Asia has officially inaugurated two new branches on April 9. The bank, organizing separate programs, inaugurated the branches at Budhabare in Jhapa and at Jhumka in Sunsari. The Budhabare branch was jointly inaugurated by Laxman Risal, CEO of the bank and Gobinda Prasad Poudel, President of Budhabare Chamber of…

Kalika Employees Provided Capacity Building Training
Kalika Employees Provided Capacity Building Training
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April 10: Kalika Microcredit Development bank has provided capacity building training to its field assistant employees. The bank provided the training to employees from Makwanpur, Gorkha, Tanahun, Syangja, Dhading, Parbat and Kaski. The employees were given two-days training on center administration, field management and software handling. During the training, Min Bahadur Bohra,…

ICFC Branch in Galyang
ICFC Branch in Galyang
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April 10: ICFC Finance has started a branch in Galyang of Syangja. Ram Babu Panta, CEO of the finance company inaugurated the branch amid a program on April…