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NI launches Business Clinic on the occasion of Fagu Purnima

Nabil Investment Banking Ltd., on the occasion of Fagu Purnima, has launched ‘Business Clinic’ under its Corporate Advisory services. General Investors, individual and institutional entrepreneurs and those seeking business expansion can take advantage of services through this offering. Business Clinic is a consulting service aimed at discovering opportunities and problems in the financial sector and …

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NRB advised to increase limit of institutional deposit to 50 percent

A committee formed by the Ministry of Finance has recommended Nepal Rastra Bank (NRB) to increase the limit of the institutional deposits of bank and financial institutions (BFIs) to 50 percent from the current limit of 45 percent. This new measure, if implemented, will enable BFIs to get more deposits from institutional depositors and ease …

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Share market on rise as govt positive to investor demand

The Nepal Stock Exchange (Nepse) has been witnessing substantial gains in the past few days as the government has hinted towards meeting the demands put forward by share investors for the development and expansion of the country’s sole secondary bourse. Share investors have been staging protests at Nepse since December 9 to put pressure on …

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Individual stock investors allowed to trade online

The Nepal Stock Exchange (Nepse) from Sunday permitted individual stock investors to access its platform using their personal ID and password and conduct online trading without having to go through a broker. On November 6, Nepse launched a full-fledged online system providing access to the general public, but individual investors were not able to use …

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Finance Ministry to create team to study stock market

The Ministry of Finance plans to create a task force including capital market experts to study the performance of the stock exchange and make policy recommendations to the government. Speaking at a parliamentary Financial Committee meeting on Tuesday, Finance Minister Yuba Raj Khatiwada said the House panel should should start work to form a task …

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Central bank urged to tackle soaring interest rates on loans

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) on Tuesday urged the Nepal Rastra Bank (NRB) to address the soaring interest rate on loans issued to the commercial sector by the banks. In a meeting with NRB Governor Chiranjibi Nepal, the umbrella organisation of private sectors slammed the banks for abruptly raising interest …

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NBA scraps interest rate cap on individual fixed deposits

Nepal Bankers Association (NBA) has scrapped the interest rate cap on fixed deposits for individual depositors.  The meeting of the NBA held in Kathmandu on Tuesday decided to remove the 10 percent interest rate cap on fixed deposits for individual depositors. Banks were allowed to raise such rates by up to one percentage points.  The …

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