NEWS

Lumbini General Insurance to Organise Golf Tournament
Lumbini General Insurance to Organise Golf Tournament
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February 3: Lumbini General Insurance Company is organising 'Lumbini Insurance Invitational Golf Tournament 2017'. The company is organising the golf tournament on the occasion of its 13th anniversary in Royal Nepal Golf Club on February 3 and…

Financial Literacy Program of Agricultural Devt Bank
Financial Literacy Program of Agricultural Devt Bank
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February 3: Agricultural Development Bank, Pharsatikar of Rupandehi sub-branch has organised a financial literacy program. "The financial literacy program is significant to teach the sixty per cent of the total population of Nepal lacking financial accessibility," said Lila Prakash Sitaula, CEO of the bank. He opined that such program educates and aware local people about banking system. According to the bank, nearly 60 people participated the program.…

ASBA Saving Scheme
ASBA Saving Scheme
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February 3: Yeti Development Bank has announced Yeti ASBA Saving Scheme. Issuing a press statement, the bank informed that the customers can open a 6 percent annual interest receivable account with minimum balance of Rs 100. The bank recently obtained approval from Securities Board of Nepal (SEBON) for ASBA. "Yeti launched the saving scheme to facilitate the customers applying for shares through ASBA to open account in minimum balance and provide maximum return on blocked money," said the…

Indian Budget -2017:  Plans to link Nepal with Railway
Indian Budget -2017: Plans to link Nepal with Railway
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February 2 : Indian Finance Minister Arun Jaitley presented the annual budget of 2017 announcing to provide more concessions on agricultural productions and some other…

ICAN Celebrates its 20th Anniversary and Convocation
ICAN Celebrates its 20th Anniversary and Convocation
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February 2 : Institute of Chartered Accountants of Nepal (ICAN) celebrated its 20th anniversary and its first convocation on January 30 and January 31, respectively. Acting Auditor General Sukhadev Bhattarai Khatri was the chief guest at the anniversary programme on…

Lasting Peace for Sustainable Development: SAESM
Lasting Peace for Sustainable Development: SAESM
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February 2: Regional conflict, widespread inequality and lack of resources have been challenging on the way to attaining sustainable development in the South Asian…

Cable TVs to Shut Down If Do Not Go Digital
Cable TVs to Shut Down If Do Not Go Digital
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February 2: The cable TV services of Kathmandu Metropolitan as well as sub-metropolitan cities will be shut down if they do not go for digital technology within three months from…

Alpine Bank in Bhimphedi
Alpine Bank in Bhimphedi
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February 2: Alpine Development Bank, headquartered at Hetauda, has started a branch in Bhimphedi. Sudarshan Prasad Adhikari, Chairman of the bank inaugurated the branch amid a program on February 1. The branch is the 15th branch of the bank. "Alpine Bank has been expanding its branches in rural areas…

IME Launches New Scheme
IME Launches New Scheme
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February 2: IME Remittance Company has launched a new scheme targeting its customers. Under the scheme, the company will be giving free watch on remittance send from UAE. Issuing a press statement, the company informed of providing free watch to any customer who sent money through Alhalia Exchange to…

Prabhu Bank Starts BLB services at Four Locations
Prabhu Bank Starts BLB services at Four Locations
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February 2: Prabhu Bank has started branch less banking services in four locations of Rukum. The bank, with the co-ordination of UKaid's Sakchyam project started BLB services in Ranmamaikot, Taksera, Kakri and Naayagadh Puwang of Rukum. The bank believes that the local people of Rukum will get easy accessibility…

NIC Asia's 'Dhanbarsha Fixed Deposit Scheme'
NIC Asia's 'Dhanbarsha Fixed Deposit Scheme'
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February 2: NIC Bank has launched one yearly 'Dhanbarsha Fixed Deposit Scheme' targeting individual customers. Issuing a press statement, the bank informed of providing 12 per cent interest under the scheme. According to the bank, customers can obtain loan up to 80 per cent on the fixed deposit…

Shikhar Insurance Appoints NIBL Capital Market as Issue Manager
Shikhar Insurance Appoints NIBL Capital Market as Issue Manager
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February 2: Shikhar Insurance has appointed NIBL Capital Markets as its issue manager. The company appointed the issue manager in a bid to manage the new share issuance to be floated…

NAC Raises LPG Price
NAC Raises LPG Price
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January 2: Nepal Oil Corporation has raised the price of LP gas by Rs 25 per cylinder. A meeting of NAC board of directors took the decision of raising LPG price on February…

Skoda Rolls Out New Rapid in Nepal
Skoda Rolls Out New Rapid in Nepal
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January 1: Czech car brand Škoda has launched the new Škoda Rapid in the Nepali market. MAW Enterprises, the authorised distributor of Škoda four-wheelers in Nepal unveiled the new car amid a function in the capital on January…

Financial closure of Upper Solu Hydropower Project
Financial closure of Upper Solu Hydropower Project
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January 31: The financial closure of 18MW Upper Solu River Hydropower project has been signed on Monday, January 30. Under the headship of Beni Hydropower Project, the promoter of the project and NMB Bank, an agreement regarding the financial assistant to the project was carried out among four BFIs. Apart from NMB Bank, Vibor Society Development Bank, Siddhartha Development Bank and Nepal Bangladesh Bank are providing consortium loan to the…