Net Profit of Kanchan Devt Bank Rs 36.6 Million
Net Profit of Kanchan Devt Bank Rs 36.6 Million
  0   1 minutes 19 seconds to read

April 29: According to the third quarter financial report of Kanchan Development Bank, the net profit of the bank has increased by 31.28 percent to Rs 36.6 million. The increase in net interest income by 30.9 percent and operating profit by 8 percent has helped to boost the net profit of the bank. After issuing 25 percent bonus share and 4:1 right shares, paid-up capital of the bank has rose by 50 percent to Rs 198…

MEX Winner of Selfie Contest Announced
MEX Winner of Selfie Contest Announced
  0   47 seconds to read

April 28: Mercantile Exchange Nepal Limited announced the winner of its first ever Selfie Contest. Barsha Maharjan was declared the winner among over 25 contestants. The contest was targeted towards collecting photographs of the nooks and corners of the country and proclaims that the nation is safe for tourism even after the last year’s disastrous…

Miss Nepal Asmi Shrestha gets Yamaha Fascino
Miss Nepal Asmi Shrestha gets Yamaha Fascino
  0   32 minutes 42 seconds to read

April 28: Miss Nepal 2016, Asmi Shrestha was awarded with Yamaha Fascino Scooter. Vishnu Kumar Agrawal, Managing Director of MAW Enterprises presented her with the scooter amid a program held at Yamaha showroom, Tripureshwor. Gopal Sundar Lal Kakshapati , Chairman of The Hidden Treasure, the organiser of Miss Nepal contest was also present in the…

Lumbini Day Being Celebrated Spending Rs 10 Million
Lumbini Day Being Celebrated Spending Rs 10 Million
  0   1 minutes 31 seconds to read

April 28: Lumbini Development Trust that used to spend Rs 3,000,000 in past years, is planning of spending Rs 10 million to celebrate 2560th Buddha Jayanti and Lumbini day. The information about the program was given in a press meet organised on Wednesday at Lumbini. According to Ajitman Tamang, Member Secretary of the Development Trust, eight sub-committees has been formed in order to manage the program that is being organized on 21 May at…

CG Holdings’ Tigerland Safari Resort in Operation
CG Holdings’ Tigerland Safari Resort in Operation
  0   1 minutes 17 seconds to read

April 28: Chaudhary Group has started the operation of Tigerland Safari Resort at Chitwan. The new CG resort is located at Jagatpur at the bank of the Rapti river. Expanding the business, CG Holdings run by Arun Chaudhary has brought the safari resort into operation. The resort has total 35 cottages targeting the domestic and international tourists. Spread across eight bighas of land, the cottages are constructed in an environment-friendly traditional way. 80 percent of total land covered by the resort has been left as jungle. Likewise Nepali tourists are charged Rs 8,000 for two days and one night excluding taxes while international tourists are charged USD160 per person excluding…

Nepal Bank to Sell Promoter Share of Nepal Insurance
Nepal Bank to Sell Promoter Share of Nepal Insurance
  0   1 minutes 33 seconds to read

April 28: Nepal Bank has planned of selling promoters’ shares of Nepal Insurance through auction bidding. The bank is selling 1,031,674 unit shares of Nepal Insurance at the minimum price of Rs 400. The bank has appointed Siddhartha Capital as Issue Manager. The bank has informed that interested investor can auction bid for minimum 100 unit shares and maximum 15 percent paid-up capital of the insurance company i.e. 431,410 unit shares. The existing shareholders of Nepal Insurance have to consider the limitation while auction bidding for the shares. The shareholders applying above Rs 1,000,000 needs to include their PAN number compulsorily, while, those shareholders applying up to Rs 1,000,000 can include their PAN number voluntarily. “The minimum…

Nepali Football Live in Dish Home
Nepali Football Live in Dish Home
  0   39 seconds to read

April 28: Nepali football fans can now watch live broadcast of A-division Football league through Dish Home. Dish Home informs that the Nepalgunj Gold Cup will be the first game to be broadcasted live on Dish Home from April 28 to May 5. Kalyan Adhikari, Deputy General Manager of Dish Home, says “We had previously broadcasted live telecast of Gold Cup that took place in Bangladesh and by the suggestions of Nepali football enthusiast; we have now decided to simulcast all the matches that takes place in the…

EPS Test Fee Payment through Global IME
EPS Test Fee Payment through Global IME
  1   37 seconds to read

April 28: Global IME bank has provided the test fee deposit service for the sixth Korean Language Test by establishing separate counters in different places across the county. “In Kathmandu, the fee and form collection counters are available in Mahendra Aadarsha Vidyaashram of Satdobato, Laboratory School of Kritipur, Chasel Playground of Balkumari, Nepal Ved Vidyaashram of Gaushala and Kathmandu Valley School of Maharajung while the counters are available in Butwal, Pokhara, Dharan, Janakpur and Dadeldhura out of the valley,” informs the bank in a press statement. Global IME bank is the only bank to provide EPS language test fee collection service in collaboration with Government of Nepal, Ministry of labour and Department of Foreign…

Bancassurance Agreement between Citizens’ Bank and Life Insurance

April 28: Citizens’ Bank International and Life Insurance Corporation (Nepal) has finalised the agreement of Bancassurance. Rajan Singh Bhandari, Chief Executive Officer of Citizens’ Bank and P R Mishra, Chief Executive Officer of Life Insurance signed the agreement on behalf of their respective companies amid a program organised on…

Extension Counter of Sunrise Bank at Chitwan Medical College
Extension Counter of Sunrise Bank at Chitwan Medical College
  0   34 seconds to read

April 28: Sunrise Bank has opened an extension counter and ATM counter at Chitwan Medical College building. Dr Daya Ram Lamsal, Director of Chitwan Medical College and Ratna Raj Bajracharya, Chief Executive Officer of NMB Bank jointly inaugurate the ATM and extension…

Corporate Campaign of NMB Bank
Corporate Campaign of NMB Bank
  0   24 seconds to read

April 28: NMB bank has initiated corporate campaign with the slogan “Aatmanirvar Nepal Ko Sath Ma NMB Bank.” The campaign aims to promote positive energy of self-reliant Nepal. According to the roadmap for self-sufficient and economical progress of Nepal, the bank is providing services in agricultural, solar energy, small and medium industry loan, retail and other underprivileged sectors. At present, the bank is serving its customers through 69 branches, 48 ATMs and 7 extension counters.…

Himalayan Bank Distributes Solar Lights
Himalayan Bank Distributes Solar Lights
  0   27 seconds to read

April 27: Himalayan Bank has distributed solar lights and blanket to 850 locals of Nuwakot district, Valche VDC, ward no 3-9 under corporate responsibility of the bank. Similarly, the bank has provided educational and sport materials to 300 students of Jalju Primary School of Valche- 4. Kapil Prasad Lohani, Chief of Administration and Human Resource Department along with other officials of Himalayan Bank, distributed those merchandise amid a program organised today.…

NAV Of Global IME Samunnat Scheme-1 Below 10
NAV Of Global IME Samunnat Scheme-1 Below 10
  0   46 seconds to read

April 27: The net asset value (NAV) of Global IME Samunnat Scheme 1 for Mid-March to Mid April is Rs 9.19. The investors who paid Rs 10 per unit of mutual fund has occurred loss of Rs 0.81. NAV value of Global IME Samunnat Scheme 1 has decreased as the mutual fund has come into operation few months back only. During the period, company has invested the fund in stock of 15 various…

Infrastructures to be Built in Khaptad
Infrastructures to be Built in Khaptad
  0   1 minutes 4 seconds to read

April 27: Various infrastructures are being constructed in Khaptad, a place carrying cultural, religious and tourism importance. “We are focusing in the development of infrastructure as the tourists cannot reach the height of 3200 feet easily, “says Purna Raj Joshi, President of Tourism Development Committee,…

Banks Demand Permanent Liquidity Facility
Banks Demand Permanent Liquidity Facility
  0   1 minutes 47 seconds to read

April 27: With the decline in excess liquidity faced by banks and financial institutions (BFIs) till few months back, BFIs are demanding permanent liquidity facility. “Some commercial banks were provided with Rs 5.13 billion permanent liquidity facility from April 8-19,” informs Dr Chiranjibi Nepal, Governor of the Nepal Rastra Bank (NRB) amid a program organised to mark 61st anniversary of the central bank on…