BFI

Credit to Deposit(CD) Ratio Goes Up

Mar 21, 2023 0 1 minutes 26 seconds to read

The Credit to Deposit(CD) ratio of banks and financial institutions(BFIs) has gone up. Continuous fall of deposits from the banking system has caused the CD ratio to…

Shangrila Development Bank’s CEO Shrestha Elected Chairman of DBAN

Mar 19, 2023 0 1 minutes 3 seconds to read

Chief Executive Officer Suyog Shrestha of Shangrila Development Bank has been unanimously elected as the Chairman of Development Bankers Association Nepal. DBAN’s 17th Annual General Meeting held in Chitwan unanimously appointed Suyog Shrestha as the Chairman of the association on March…

Rastriya Banijya Bank Signs Agreement With Nepal Remit International

Mar 13, 2023 0 1 minutes 2 seconds to read

Rastriya Banijya Bank has signed an agreement with Nepal Remit International, enabling migrant workers from different countries to transfer remittances through the bank to their families, friends and loved ones in…

Nabil Bank Organises Workshop on Workplace Harassment

Mar 13, 2023 0 1 minutes 7 seconds to read

March 13: Nabil Bank recently organized a workshop on workplace harassment for its…

Commercial Banks to Slash Interest Rates on Deposits and Lending From March 15

Mar 09, 2023 0 1 minutes 28 seconds to read

Commercial banks have decided to slash interest rates for the next month of Chaitra(mid-March to mid-April). A meeting of the Nepal Bankers’ Association held on Thursday took the decision to cut the interest rates on deposits and lending for the next…

NRB Forms High-Level Committee to Study Problems in Microfinance Companies

Mar 06, 2023 0 1 minutes 14 seconds to read

Nepal Rastra Bank has constituted a high-level committee to study problems seen in microfinance companies in the…

Government Serious About Problems Seen In Banks And Microfinances, Says PM Dahal

Mar 05, 2023 0 1 minutes 43 seconds to read

Prime Minister Pushpa Kamal Dahal on Sunday said his government has taken the problems facing the banks and financial institutions seriously and pledged to address them at the…

Himalayan and Civil Bank Limited Commence Joint Operation From Friday

Feb 24, 2023 0 52 seconds to read

Himalayan Bank Limited has successfully acquired Civil Bank Limited. After the acquisition, the two entities have started the joint operation from February…

Govind Gurung Appointed CEO of Agricultural Development Bank

Feb 19, 2023 0 1 minutes 34 seconds to read

Govind Gurung has been appointed as the Chief Executive Officer (CEO) of Agricultural Development Bank. The meeting of the Board of Directors has appointed Gurung for next four-year…

Easing Liquidity Will Have Positive Impact on Stock Market: NRB

Feb 10, 2023 0 53 seconds to read

Nepal Rastra Bank has said that increasing liquidity in the banking system will help improve stock market in the days to…

Dinesh Kumar Pokhrel appointed CEO of Saptakoshi Development Bank

Feb 03, 2023 0 17 seconds to read

Saptakoshi Development Bank has appointed Dinesh Kumar Pokhrel as its Chief Executive…

Government, NRB Positive to Remove Rs 120 millions' Threshold on Margin Lending

Feb 03, 2023 0 2 minutes 35 seconds to read

Nepal government and Nepal Rastra Bank seem positive to remove the upper limit of Rs 120 million on loan against shares. In the fiscal year 2078/79, Nepal Rastra Bank(NRB) had tightened loans against shares by introducing the credit limit of 40/120…

Ganesh Raj Pokharel Re-appointed as CEO of Citizens Bank International

Feb 02, 2023 0 28 seconds to read

Ganesh Raj Pokharel has been reappointed as Chief Executive Officer of Citizens Bank International Limited.…

Assets Under Management of NIBL Ace Capital Reaches Rs 4 Billion

Jan 29, 2023 0 1 minutes 59 seconds to read

January 29: The Assets Under Management (AUM) of NIBL Ace Capital Limited, one of the leading merchant banking and Investment banking company, has reached the size of Rs 4…

Prabhu Bank Reappoints Sherchan as CEO for Third-Term

Jan 27, 2023 0 30 seconds to read

Prabhu Bank Limited has reappointed Ashok Serchan as its Chief Executive…

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No Laughing Matter

The Sweet Rewards of Power

By Madan Lamsal

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NEPSE

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		'Article' => array(
			'id' => '17326',
			'article_category_id' => '218',
			'title' => 'Credit to Deposit(CD) Ratio Goes Up ',
			'sub_title' => '',
			'summary' => 'The Credit to Deposit(CD) ratio of banks and financial institutions(BFIs) has gone up. Continuous fall of deposits from the banking system has caused the CD ratio to surge. ',
			'content' => '<p>&nbsp;</p>

<p><span style="font-size:18px">March 21: The Credit to Deposit(CD) ratio of banks and financial institutions(BFIs) has gone up. Continuous fall of deposits from the banking system has caused the CD ratio to surge.&nbsp; The average CD ratio of the banks and financial institutions reached 85.71 percent on March 18, according to Nepal Rastra Bank.&nbsp;</span></p>

<p><span style="font-size:18px">The CD ratio of the banks which stood at 85.60 per cent on March 14 increased to 85.69 percent on March 15.<br />
As per the Nepal Rastra Bank directives, banks and financial institutions need to maintain CD ratio threshold below 90 percent.&nbsp;</span></p>

<p><span style="font-size:18px">Deposits are continuously falling from the banking system since last week. Deposits had fallen by Rs 11 billion on March 15 compared to March 14.&nbsp;Banks and financial institutions had deposit of Rs 5413 billion on March 14 while the deposits fell to Rs 5402 billion &nbsp;the next day.&nbsp;</span></p>

<p><span style="font-size:18px">While commercial banks had deposits of Rs 4764 billion on March 17, the deposits fell by one billion on March 18. The total deposits of commercial banks was Rs 4761 billion on March 15.&nbsp;Development banks and finance companies had a total deposits of Rs 641 billion on March 18.&nbsp;</span></p>

<p><span style="font-size:18px">Similarly, total lending of the banks and finance companies was Rs 4813 billion on March 18. Total lending of Rs 4817 billion as of March 14 had dropped to Rs 4812 billion on March 15. The total loan disbursement reached Rs 4813 billion on March 17.&nbsp;</span></p>

<p><span style="font-size:18px">The interbank interest rate dropped from 7.1 per cent to 7 percent from March 17 to march 18, according to Nepal Rastra Bank.&nbsp;</span><br />
&nbsp;</p>
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			'created' => '2023-03-21',
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			'article_date' => '2023-03-21 07:30:28',
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			'id' => '17314',
			'article_category_id' => '218',
			'title' => 'Shangrila Development Bank’s CEO Shrestha Elected Chairman of DBAN ',
			'sub_title' => '',
			'summary' => 'Chief Executive Officer Suyog Shrestha of Shangrila Development Bank has been unanimously elected as the Chairman of Development Bankers Association Nepal. DBAN’s 17th Annual General Meeting held in Chitwan unanimously appointed Suyog Shrestha as the Chairman of the association on March 17. ',
			'content' => '<p><span style="font-size:18px">March 19: Chief Executive Officer Suyog Shrestha of Shangrila Development Bank has been unanimously elected as the Chairman of Development Bankers Association Nepal.&nbsp;DBAN&rsquo;s 17th Annual General Meeting held in Chitwan unanimously appointed Suyog Shrestha as the Chairman of the association on March 17.&nbsp;</span></p>

<p><span style="font-size:18px">Likewise, Mahalaxmi BikasBank&rsquo;s Chief Executive Officer Bodhraj Devkota has been appointed Vice-chair of the DBAN. Sindhu Bikas Bank&rsquo;s CEO Ram Kumar Giri, and Lumbini Bikas Bank&rsquo;s CEO Naresh Singh Bohora have been elected as Secretary and Treasurer respectively.</span></p>

<p><span style="font-size:18px">Other members of the DBAN include Shine Resunga Development Bank&rsquo;s CEO Prakash Poudel, Jyoti Bikash Bank&rsquo;s CEO Shree Chandra Bhatt and Excel Development Bank&rsquo;s CEO Dr Indra Kattel.&nbsp;</span></p>

<p><span style="font-size:18px">Newly-elected DBAN Chairman Shrestha pledged to work for the rights and welfare of the development banks. &ldquo;Though the number of development banks has fallen from 90 to 17, development banks&rsquo; market occupancy has not dropped. We will have to work together to do more and better in the days to come,&rdquo; Shrestha added.&nbsp;</span><br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-03-19',
			'modified' => '2023-03-19',
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			'description' => '',
			'sortorder' => '17049',
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			'article_date' => '2023-03-19 17:36:44',
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		'Article' => array(
			'id' => '17254',
			'article_category_id' => '218',
			'title' => 'Rastriya Banijya Bank Signs Agreement With Nepal Remit International ',
			'sub_title' => '',
			'summary' => 'Rastriya Banijya Bank has signed an agreement with Nepal Remit International, enabling migrant workers from different countries to transfer remittances through the bank to their families, friends and loved ones in Nepal. ',
			'content' => '<p>&nbsp;</p>

<p><span style="font-size:18px">March 13: Rastriya Banijya Bank has signed an agreement with Nepal Remit International, enabling migrant workers from different countries to transfer remittances through the bank to their families, friends and loved ones in Nepal.&nbsp;</span></p>

<p><span style="font-size:18px">Rastriya Banijya Bank&rsquo;s Chief Executive Officer(CEO) Kiran Kumar Shrestha and Remit&rsquo;s Chief Executive Officer(CEO) Sagar Khanal signed memorandum of the understanding on Friday.&nbsp;</span></p>

<p><span style="font-size:18px">Following the agreement, remittance sent by the migrant workers &nbsp;through the Rastriya Banijya Bank&rsquo;s channel will be paid to their families, relatives, and concerned individuals from Banijya Bank&rsquo;s branches in Nepal.&nbsp;</span></p>

<p><span style="font-size:18px">Officials at the bank say that the agreement will help earn foreign currency in the country. The&nbsp; Bank&rsquo;s Deputy CEO Saraswoti Adhikari, other high-level officials and Remit&rsquo;s Deputy General Manager Dev Bahadur Thapa were present on the occasion.&nbsp;</span></p>

<p><span style="font-size:18px">Rastriya Banijya Bank has been serving customers through 265 branches, 46 extension counters, 269 ATMs and 99 branchless banking units across the country.&nbsp;</span><br />
&nbsp;</p>
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			'created' => '2023-03-13',
			'modified' => '2023-03-13',
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			'id' => '17253',
			'article_category_id' => '218',
			'title' => 'Nabil Bank Organises Workshop on Workplace Harassment',
			'sub_title' => '',
			'summary' => 'March 13: Nabil Bank recently organized a workshop on workplace harassment for its employees.',
			'content' => '<p><span style="font-size:18px">March 13: Nabil Bank recently organized a workshop on workplace harassment for its employees. The workshop organized on the occasion of the International Women&rsquo;s Day last week to raise awareness on the issue of workplace harassment.&nbsp;<br />
Issuing a statement, the bank said that a total of 70 employees attended the workshop, which was organized in collaboration with Fight Back.&nbsp;<br />
Both male and female employees of the bank attended the workshop.&nbsp;<br />
According to the statement, employees of the bank&rsquo;s branches within the Kathmandu valley attended the workshop in person while the staff employed outside &nbsp;the valley attended the workshop online.<br />
During the workshop, the participants were informed about workplace harassment and how such harassments are done and how to stay aware of workplace harassment and cope with such situation. The participants were given practical demonstration during the workshop.<br />
Nabil Banks CEO Gyanendra Prasad Dhungana said that this kind of informative programme is important to boost the morale of the employees and to help them overcome such harassments.<br />
The organisers explained the participants about legal provisions related to workplace harassment. They were also informed about ways to protect themselves with whatever tools available nearby, said one of the participants Riya Basnet.<br />
&nbsp;</span><br />
&nbsp;</p>
',
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			'created' => '2023-03-13',
			'modified' => '2023-03-13',
			'keywords' => '',
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			'sortorder' => '16991',
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			'article_date' => '2023-03-13 15:57:42',
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		'Article' => array(
			'id' => '17224',
			'article_category_id' => '218',
			'title' => 'Commercial Banks to Slash Interest Rates on Deposits and Lending From March 15 ',
			'sub_title' => '',
			'summary' => 'Commercial banks have decided to slash interest rates for the next month of Chaitra(mid-March to mid-April).  A meeting of the Nepal Bankers’ Association held on Thursday took the decision to cut the interest rates on deposits and lending for the next month. ',
			'content' => '<p><span style="font-size:18px">March 9: Commercial banks have decided to slash interest rates for the next month of Chaitra(mid-March to mid-April).&nbsp; A meeting of the Nepal Bankers&rsquo; Association held on Thursday took the decision to cut the interest rates on deposits and lending for the next month.&nbsp;</span></p>

<p><span style="font-size:18px">As per the NBA&rsquo;s decision, the interest rate on deposits will be slashed by 0.4 percent, while one percent premium rate will be trimmed on lending starting from March 15.&nbsp;</span></p>

<p><span style="font-size:18px">Nepal Bankers&rsquo; Association Chairman Sunil KC said that the umbrella organization was working to reduce the interest rate on credit flow gradually.&nbsp; </span></p>

<p><span style="font-size:18px">Banks have been adding&nbsp;up to six per cent premium in the base rate at the moment. With the reduction of premium rate by one percent, banks can add up to five percent premium on the base rate from March 15 onwards.&nbsp;</span></p>

<p><span style="font-size:18px">Similarly, banks will provide interest from 6 to 8 percent in normal savings. &nbsp;Earlier, they were providing interest from 6.42 to 8.42 percent in normal savings.&nbsp;</span></p>

<p><span style="font-size:18px">Banks, however, have kept the interest rates on fixed deposits unchanged. Banks have been offering 11 per cent interest on individual fixed deposits. Likewise, they have determined 9 percent and 12 percent interest rates on institutional and remittance accounts respectively.&nbsp;</span></p>

<p><span style="font-size:18px">Industrialists, entrepreneurs and representatives of banks and financial institutions have been demanding for the reduction of the&nbsp;interest rates. Following pressure from all sides, NBA decided&nbsp;to trim the interest rates marginally.&nbsp;</span><br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-03-09',
			'modified' => '2023-03-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16962',
			'image' => '20230309041309_collage - 2023-03-09T161021.974.jpg',
			'article_date' => '2023-03-09 16:07:41',
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		'Article' => array(
			'id' => '17185',
			'article_category_id' => '218',
			'title' => 'NRB Forms High-Level Committee to Study Problems in Microfinance Companies ',
			'sub_title' => '',
			'summary' => 'Nepal Rastra Bank has constituted a high-level committee to study problems seen in microfinance companies in the country. ',
			'content' => '<p><br />
<br />
<span style="font-size:18px">March 6: Nepal Rastra Bank has constituted a high-level committee to study problems seen in microfinance companies in the country.&nbsp;</span></p>

<p><span style="font-size:18px">Microfinance companies have been facing allegations of charging exorbitant interest and behaving badly with customers for the past a few months.&nbsp;</span></p>

<p><span style="font-size:18px">Microfinance companies, however, deny such allegations and claim that some loan shark groups used to issuing credit on meter interest have spread rumour.&nbsp;</span></p>

<p><span style="font-size:18px">&ldquo;NRB has constituted the high-level committee to carry out study on microfinance companies&rsquo; current situation and their contribution to economy,&rdquo; said a source at NRB.</span></p>

<p><span style="font-size:18px">The committee headed by Executive Director Prakash Kumar Shrestha of NRB Research Department has seven members. Committee members include Nepal Microfinance Banker&rsquo;s Association&rsquo;s chairman, two independent experts and four high-level officers from Nepal Rastra Bank.</span></p>

<p><span style="font-size:18px">The committee will submit its report within six months. Microfinance companies have been in the forefront to enhance income of backward and low-income families across the country.&nbsp;</span></p>

<p><span style="font-size:18px">Since the government does not have set indicators to check microfinance companies&rsquo; contribution for poverty alleviation, it has been difficult to determine their role for poverty alleviation in Nepal.</span></p>

<p><br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-03-06',
			'modified' => '2023-03-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16923',
			'image' => '20230306063604_collage (14).jpg',
			'article_date' => '2023-03-06 06:33:54',
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	(int) 6 => array(
		'Article' => array(
			'id' => '17183',
			'article_category_id' => '218',
			'title' => 'Government Serious About  Problems Seen In Banks And Microfinances, Says PM Dahal',
			'sub_title' => '',
			'summary' => 'Prime Minister Pushpa Kamal Dahal on Sunday said his government has taken the problems facing the banks and financial institutions seriously and pledged to address them at the earliest.',
			'content' => '<p>&nbsp;</p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">March 5: Prime Minister Pushpa Kamal Dahal on Sunday said his government has taken the problems facing the banks and financial institutions seriously and pledged to address them at the earliest.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">At the meeting held in the Office of Prime Minister and Council of Ministers to identify and resolve the problems facing banks and financial institutions on Sunday, Prime Minister Dahal said that his government had taken various financial issues, including hefty interest rate of the banks, problems seen in microfinance, businessmen&rsquo;s concerns and some elements trying to create financial anarchy, very seriously and was&nbsp;reday to resolve them as early as possible.&nbsp;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;Businessmen are complaining about interest rates, media are reporting problems seen in microfinance and some people are trying to fish in the murky water by trying to spark financial chaos,&rdquo; Dahal added.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Saying that country&rsquo;s financial condition was in a difficult position, Dahal reminded&nbsp;that his government had decided to solve the financial problems through the joint efforts of the private and government&nbsp;sectors.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Nepal Rastra Bank&rsquo;s Governor Maha Prasad Adhikari made a brief presentation on the current financial condition and claimed that the country&rsquo;s economy was moving in the positive direction.&nbsp;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Government Chief Secretary, Secretary of the Ministry of Finance, NRB Governor, representatives of Federation of Nepalese Chamber of Commerce and Industries (FNCCI), and representatives of various businesses and bankers&rsquo; associations were present at the meeting. </span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2023-03-05',
			'modified' => '2023-03-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16921',
			'image' => '20230305055421_collage - 2023-03-05T170047.366.jpg',
			'article_date' => '2023-03-05 17:48:57',
			'homepage' => false,
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	(int) 7 => array(
		'Article' => array(
			'id' => '17115',
			'article_category_id' => '218',
			'title' => 'Himalayan and Civil Bank Limited Commence Joint Operation From Friday ',
			'sub_title' => '',
			'summary' => 'Himalayan Bank Limited has successfully acquired Civil Bank Limited. After the acquisition, the two entities have started the joint operation from February 24,2023(Friday).',
			'content' => '<p>&nbsp;</p>

<p><span style="font-size:18px">February 24: Himalayan Bank Limited has successfully acquired Civil Bank Limited. After the acquisition, the two entities have started joint operation from February 24,2023(Friday).</span></p>

<p><span style="font-size:18px">Following the acquisition, the transaction will be carried out under &ldquo;Himalayan Bank Limited&rdquo;. Ashok Shumsher Rana is the Chief Executive Officer(CEO) of the bank.</span></p>

<p><span style="font-size:18px">Earlier, both the banks had reached a preliminary agreement to for acquisition on Ashad 29, 2079 BS.&nbsp;<br />
After the acquisition, the Himalayan Bank &lsquo;s total paid-up capital has reached Rs 34 billion. Likewise, total deposits have reached Rs 274 billion and total loans Rs 250 billion. The total branch network of the bank has reached 189.</span></p>

<p><span style="font-size:18px">Speaking at the inaugural ceremony of the joint transaction of the Himalayan and Civil Bank, CEO Ashok Shumsher Rana said that bank ranked in the seventh and sixth positions in terms of deposits and lending respectively.&nbsp;</span><br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-02-24',
			'modified' => '2023-02-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16853',
			'image' => '20230224045641_collage - 2023-02-24T165844.126.jpg',
			'article_date' => '2023-02-24 16:51:15',
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	(int) 8 => array(
		'Article' => array(
			'id' => '17064',
			'article_category_id' => '218',
			'title' => 'Govind Gurung Appointed CEO of Agricultural Development Bank',
			'sub_title' => '',
			'summary' => 'Govind Gurung has been appointed as the Chief Executive Officer (CEO) of Agricultural Development Bank. The meeting of the Board of Directors has appointed Gurung for next four-year term.',
			'content' => '<p>&nbsp;</p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">February 19: Govind Gurung has been appointed as the Chief Executive Officer (CEO) of Agricultural Development Bank. The meeting of the Board of Directors has appointed Gurung for next four-year term. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">As many as 22 individuals had applied for the post of ADBL&rsquo;s CEO. Out of them, five were shortlisted for the coveted post. Along with Gurung, Pratap Subedi, Yagya Prakash Nupane, Badri Gurgai and Bishnu Dev Yadav were shortlisted for the CEO&rsquo;s post.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Interview of the five shortlisted candidates took place on Saturday. Gurung was selected for the top job of the Agricultural Development Bank from the interview. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Gurung had served as the Chief Executive Officer of the Civil Bank Limited. He had also worked as Chief Executive Officer of Myanmar Citizens Bank in Myanmar for one and a half years. </span></span><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Gurung has 26 years&rsquo; experience of working in the different commercial banks. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Gurung has completed Master of Business Administration (MBA) from Nepal Commerce Campus under Tribhuvan University. He had started his banking career from Himalayan Bank Limited.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Gurung will take charge of the Agricultural Development Bank from Monday. The post of the Chief Executive Officer was vacant after erstwhile CEO Anil Kumar Upadhayay&rsquo;s tenure came to an end.</span></span></p>

<p>&nbsp;</p>
',
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			'sortorder' => '16803',
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			'article_date' => '2023-02-19 16:21:30',
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	(int) 9 => array(
		'Article' => array(
			'id' => '16986',
			'article_category_id' => '218',
			'title' => 'Easing Liquidity Will Have Positive Impact on Stock Market: NRB  ',
			'sub_title' => '',
			'summary' => 'Nepal Rastra Bank has said that increasing liquidity in the banking system will help improve stock market in the days to come. ',
			'content' => '<p><br />
<span style="font-size:18px">February 10: Nepal Rastra Bank has said that the rising liquidity&nbsp;in the banking system will help improve stock market in the days to come.&nbsp;</span></p>

<p><span style="font-size:18px">At a press meet organised after the half-yearly review of monetary policy of the current fiscal year 2022/23 published by Nepal Rastra Bank on Friday, NRB&rsquo;s Executive Director Prakash Kumar Shrestha said liquidity was easing in the banking system and it would have a positive impact on the share market.&nbsp;</span></p>

<p><span style="font-size:18px">&ldquo;With the rise of deposits in the banking system, liquidity is becoming comfortable. This will have the positive effect on the stock market,&rdquo; Shrestha added.&nbsp;</span></p>

<p><span style="font-size:18px">Stating that the Nepal Rastra Bank&rsquo;s current priority was to maintain the country&rsquo;s financial stability, Director Shrestha held that half-yearly review of the monetary policy had kept the policy-level provisions unchanged for the same.</span><br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-02-10',
			'modified' => '2023-02-10',
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			'description' => '',
			'sortorder' => '16725',
			'image' => '20230210041632_collage - 2023-02-10T160337.889.jpg',
			'article_date' => '2023-02-10 16:07:04',
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		'Article' => array(
			'id' => '16919',
			'article_category_id' => '218',
			'title' => 'Dinesh Kumar Pokhrel appointed CEO of Saptakoshi Development Bank ',
			'sub_title' => '',
			'summary' => ' Saptakoshi Development Bank has appointed Dinesh Kumar Pokhrel  as  its Chief Executive Officer(CEO).',
			'content' => '<p>February 3: Saptakoshi Development Bank has appointed Dinesh Kumar Pokhrel &nbsp;as &nbsp;its Chief Executive Officer(CEO). The meeting of the Board of Directors held on January 22 decided to appoint Pokhrel to the post of CEO.</p>

<p>The decision came to this effect from January 23. Pokhrel has been appointed for four-year term.&nbsp;<br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-02-03',
			'modified' => '2023-02-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16658',
			'image' => '20230203034214_collage - 2023-02-03T154037.455.jpg',
			'article_date' => '2023-02-03 15:35:12',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
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	(int) 11 => array(
		'Article' => array(
			'id' => '16915',
			'article_category_id' => '218',
			'title' => 'Government, NRB Positive to Remove Rs 120 millions'  Threshold on Margin Lending ',
			'sub_title' => '',
			'summary' => 'Nepal government and Nepal Rastra Bank seem positive to remove the upper limit of Rs 120 million on loan against shares. In the fiscal year 2078/79, Nepal Rastra Bank(NRB) had tightened loans against shares by introducing the credit limit of 40/120 millions. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">February 3:&nbsp; Nepal government and Nepal Rastra Bank seem positive to remove the upper limit of Rs 120 million on loan against shares.&nbsp;</span></span><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In the fiscal year 2078/79, Nepal Rastra Bank(NRB) had tightened loans against shares by introducing the credit limit of Rs 40/120 millions.&nbsp;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In the current fiscal year, the central bank had removed the limit of Rs 40 million on credit against shares. However, the central bank had kept the upper threshold on the margin loan unchanged.&nbsp;</span></span><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The central bank&rsquo;s policy of Rs 40/120 million credit threshold against the shares had put the share market &nbsp;in crisis.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">At a programme organized by Economic Media Operators&rsquo; Association in Kathmandu on Thursday, Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel and NRB Governor Maha Prasad Adhikari indicated that upper slab for margin credit might be removed.&nbsp;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Poudel informed that Ministry of Finance, Nepal Rastra Bank and stakeholders could meet and discuss to find out&nbsp;a solution to 120 million slabs for the loans against shares.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;NRB Governor is positive to figure out solutions to the state of&nbsp; liquidity, interest rates and a slab of Rs 120 million lending on shares,&rdquo;&nbsp;Poudel said. He, however, added that the government could not dictate the central bank to change interest rates as it is an independent institution.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">NRB governor Maha Prasad Adhikari said that temporary financial instruments used by the central bank for financial stability were being removed keeping in view the latest state of liquidity in the market.&nbsp;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;Nepal Rastra Bank&rsquo;s policies are clear and they will be changed in accordance with financial indicators,&rdquo; Adhikari stated. He held that Rastra Bank had tightened loans against shares, polices on the import, among others, to avert the possible financial crisis in the country.&nbsp;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">NRB, through its Monetary Policy of 2021/22, had capped loans to up to Rs 40 million from a single bank or financial institution and the total limit for a borrower at Rs 120 million from different banks and financial institutions. In the current fiscal year, the central bank removed the lower limit on loans against shares.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&nbsp;</span></span></p>
',
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			'sortorder' => '16654',
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			'id' => '16914',
			'article_category_id' => '218',
			'title' => 'Ganesh Raj Pokharel Re-appointed as CEO of Citizens Bank International ',
			'sub_title' => '',
			'summary' => ' Ganesh Raj Pokharel has been reappointed as Chief Executive Officer of Citizens Bank International Limited.  ',
			'content' => '<p>&nbsp;</p>

<p>January 12: Ganesh Raj Pokharel has been reappointed as Chief Executive Officer of Citizens Bank International Limited. &nbsp;<br />
The meeting of the Board of Directors held on February decided to reappoint Pokharel to the CEO for another four-year term. The decision will come into effect from March 1.&nbsp;</p>

<p>Pokharel holds an Executive MBA degree in Finance from Kathmandu University and an MBA (Marketing) and BL (Banking) degrees from Tribhuvan University. He is a professional banker with more than 28 years of experience.&nbsp;<br />
&nbsp;</p>
',
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			'created' => '2023-02-02',
			'modified' => '2023-02-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16653',
			'image' => '20230202045847_collage (99).jpg',
			'article_date' => '2023-02-02 16:55:43',
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	(int) 13 => array(
		'Article' => array(
			'id' => '16880',
			'article_category_id' => '218',
			'title' => 'Assets Under Management of NIBL Ace Capital Reaches Rs 4 Billion',
			'sub_title' => '',
			'summary' => 'January 29:  The Assets Under Management (AUM) of NIBL Ace Capital Limited, one of the leading merchant banking and Investment banking company, has reached the size of Rs 4 billion.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">January 29:&nbsp; The Assets Under Management (AUM) of NIBL Ace Capital Limited, one of the leading merchant banking and Investment banking company, has reached the size of Rs 4 billion.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Issuing a statement, the company said it has been successful in achieving this milestone of Rs 4 billion AUM as a result of trust shown by the customers towards the service company.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The company said it is committed to develop Portfolio Management Service (PMS) as a more sophisticated, technology-friendly, and profit generating service in the future with the support, cooperation, goodwill and trust of customers.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to NIBL Ace Capital Limited, PMS is one of these profitable service which has helped many people achieve their goals at best with a well-conceived balance of risk and return.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The merchant banking business at NIBL Ace Capital is structured around three distinct groups of businesses which include PMS, capital advisory and debt funding, both in Nepal and globally, in addition to its investment banking activities, added the statement. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">As of now there are more than 1100 &lsquo;satisfied&rsquo; customers associated with the PMS and along with this customer base, the size of Asset Under Management (AUM) has now reached to Rs 4 billion, the company further said.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;PMS is a professional service where qualified and experienced portfolio managers construct an efficient portfolio backed with research recommendations. The operation of portfolio is completely administered by the portfolio managers on behalf of their clients. This product aims to create an investment opportunity for all clients associated with the service.&rdquo;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Since the inception of PMS service, NIBL Ace Capital said it has been providing discretionary and non-discretionary PMS services to its customers.</span></span></p>

<p>&nbsp;</p>
',
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			'created' => '2023-01-29',
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			'sortorder' => '16619',
			'image' => '20230129035158_NIBL-Ace-Capital_PMS-4-Arab_Eng.jpg',
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			'id' => '16864',
			'article_category_id' => '218',
			'title' => 'Prabhu Bank Reappoints Sherchan as CEO for Third-Term ',
			'sub_title' => '',
			'summary' => 'Prabhu Bank Limited has reappointed Ashok Serchan as its Chief Executive Officer.',
			'content' => '<p><span style="font-size:18px">January 27: Prabhu Bank Limited has reappointed Ashok Serchan as its Chief Executive Officer for a&nbsp;third-term.</span></p>

<p><span style="font-size:18px">The meeting of the Board of Directors held on January 26 decided to reappoint Sherchan as the CEO for the third-term. </span></p>

<p><span style="font-size:18px">The decision will come into effect from January 29. &ldquo;Mr Sherchan has been reappointed as the&nbsp;CEO for another four-year term&rdquo;, the bank said.&nbsp;Sherchan has already served as the bank&rsquo;s CEO for two-terms.&nbsp;</span><br />
&nbsp;</p>
',
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			'sortorder' => '16603',
			'image' => '20230127044012_collage (93).jpg',
			'article_date' => '2023-01-27 16:35:59',
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$articles = array(
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		'Article' => array(
			'id' => '17326',
			'article_category_id' => '218',
			'title' => 'Credit to Deposit(CD) Ratio Goes Up ',
			'sub_title' => '',
			'summary' => 'The Credit to Deposit(CD) ratio of banks and financial institutions(BFIs) has gone up. Continuous fall of deposits from the banking system has caused the CD ratio to surge. ',
			'content' => '<p>&nbsp;</p>

<p><span style="font-size:18px">March 21: The Credit to Deposit(CD) ratio of banks and financial institutions(BFIs) has gone up. Continuous fall of deposits from the banking system has caused the CD ratio to surge.&nbsp; The average CD ratio of the banks and financial institutions reached 85.71 percent on March 18, according to Nepal Rastra Bank.&nbsp;</span></p>

<p><span style="font-size:18px">The CD ratio of the banks which stood at 85.60 per cent on March 14 increased to 85.69 percent on March 15.<br />
As per the Nepal Rastra Bank directives, banks and financial institutions need to maintain CD ratio threshold below 90 percent.&nbsp;</span></p>

<p><span style="font-size:18px">Deposits are continuously falling from the banking system since last week. Deposits had fallen by Rs 11 billion on March 15 compared to March 14.&nbsp;Banks and financial institutions had deposit of Rs 5413 billion on March 14 while the deposits fell to Rs 5402 billion &nbsp;the next day.&nbsp;</span></p>

<p><span style="font-size:18px">While commercial banks had deposits of Rs 4764 billion on March 17, the deposits fell by one billion on March 18. The total deposits of commercial banks was Rs 4761 billion on March 15.&nbsp;Development banks and finance companies had a total deposits of Rs 641 billion on March 18.&nbsp;</span></p>

<p><span style="font-size:18px">Similarly, total lending of the banks and finance companies was Rs 4813 billion on March 18. Total lending of Rs 4817 billion as of March 14 had dropped to Rs 4812 billion on March 15. The total loan disbursement reached Rs 4813 billion on March 17.&nbsp;</span></p>

<p><span style="font-size:18px">The interbank interest rate dropped from 7.1 per cent to 7 percent from March 17 to march 18, according to Nepal Rastra Bank.&nbsp;</span><br />
&nbsp;</p>
',
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			'id' => '17314',
			'article_category_id' => '218',
			'title' => 'Shangrila Development Bank’s CEO Shrestha Elected Chairman of DBAN ',
			'sub_title' => '',
			'summary' => 'Chief Executive Officer Suyog Shrestha of Shangrila Development Bank has been unanimously elected as the Chairman of Development Bankers Association Nepal. DBAN’s 17th Annual General Meeting held in Chitwan unanimously appointed Suyog Shrestha as the Chairman of the association on March 17. ',
			'content' => '<p><span style="font-size:18px">March 19: Chief Executive Officer Suyog Shrestha of Shangrila Development Bank has been unanimously elected as the Chairman of Development Bankers Association Nepal.&nbsp;DBAN&rsquo;s 17th Annual General Meeting held in Chitwan unanimously appointed Suyog Shrestha as the Chairman of the association on March 17.&nbsp;</span></p>

<p><span style="font-size:18px">Likewise, Mahalaxmi BikasBank&rsquo;s Chief Executive Officer Bodhraj Devkota has been appointed Vice-chair of the DBAN. Sindhu Bikas Bank&rsquo;s CEO Ram Kumar Giri, and Lumbini Bikas Bank&rsquo;s CEO Naresh Singh Bohora have been elected as Secretary and Treasurer respectively.</span></p>

<p><span style="font-size:18px">Other members of the DBAN include Shine Resunga Development Bank&rsquo;s CEO Prakash Poudel, Jyoti Bikash Bank&rsquo;s CEO Shree Chandra Bhatt and Excel Development Bank&rsquo;s CEO Dr Indra Kattel.&nbsp;</span></p>

<p><span style="font-size:18px">Newly-elected DBAN Chairman Shrestha pledged to work for the rights and welfare of the development banks. &ldquo;Though the number of development banks has fallen from 90 to 17, development banks&rsquo; market occupancy has not dropped. We will have to work together to do more and better in the days to come,&rdquo; Shrestha added.&nbsp;</span><br />
&nbsp;</p>
',
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			'created' => '2023-03-19',
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			'sortorder' => '17049',
			'image' => '20230319053835_collage - 2023-03-19T173455.828.jpg',
			'article_date' => '2023-03-19 17:36:44',
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		'Article' => array(
			'id' => '17254',
			'article_category_id' => '218',
			'title' => 'Rastriya Banijya Bank Signs Agreement With Nepal Remit International ',
			'sub_title' => '',
			'summary' => 'Rastriya Banijya Bank has signed an agreement with Nepal Remit International, enabling migrant workers from different countries to transfer remittances through the bank to their families, friends and loved ones in Nepal. ',
			'content' => '<p>&nbsp;</p>

<p><span style="font-size:18px">March 13: Rastriya Banijya Bank has signed an agreement with Nepal Remit International, enabling migrant workers from different countries to transfer remittances through the bank to their families, friends and loved ones in Nepal.&nbsp;</span></p>

<p><span style="font-size:18px">Rastriya Banijya Bank&rsquo;s Chief Executive Officer(CEO) Kiran Kumar Shrestha and Remit&rsquo;s Chief Executive Officer(CEO) Sagar Khanal signed memorandum of the understanding on Friday.&nbsp;</span></p>

<p><span style="font-size:18px">Following the agreement, remittance sent by the migrant workers &nbsp;through the Rastriya Banijya Bank&rsquo;s channel will be paid to their families, relatives, and concerned individuals from Banijya Bank&rsquo;s branches in Nepal.&nbsp;</span></p>

<p><span style="font-size:18px">Officials at the bank say that the agreement will help earn foreign currency in the country. The&nbsp; Bank&rsquo;s Deputy CEO Saraswoti Adhikari, other high-level officials and Remit&rsquo;s Deputy General Manager Dev Bahadur Thapa were present on the occasion.&nbsp;</span></p>

<p><span style="font-size:18px">Rastriya Banijya Bank has been serving customers through 265 branches, 46 extension counters, 269 ATMs and 99 branchless banking units across the country.&nbsp;</span><br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-03-13',
			'modified' => '2023-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16992',
			'image' => '20230313040901_collage - 2023-03-13T160947.095.jpg',
			'article_date' => '2023-03-13 16:07:07',
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	(int) 3 => array(
		'Article' => array(
			'id' => '17253',
			'article_category_id' => '218',
			'title' => 'Nabil Bank Organises Workshop on Workplace Harassment',
			'sub_title' => '',
			'summary' => 'March 13: Nabil Bank recently organized a workshop on workplace harassment for its employees.',
			'content' => '<p><span style="font-size:18px">March 13: Nabil Bank recently organized a workshop on workplace harassment for its employees. The workshop organized on the occasion of the International Women&rsquo;s Day last week to raise awareness on the issue of workplace harassment.&nbsp;<br />
Issuing a statement, the bank said that a total of 70 employees attended the workshop, which was organized in collaboration with Fight Back.&nbsp;<br />
Both male and female employees of the bank attended the workshop.&nbsp;<br />
According to the statement, employees of the bank&rsquo;s branches within the Kathmandu valley attended the workshop in person while the staff employed outside &nbsp;the valley attended the workshop online.<br />
During the workshop, the participants were informed about workplace harassment and how such harassments are done and how to stay aware of workplace harassment and cope with such situation. The participants were given practical demonstration during the workshop.<br />
Nabil Banks CEO Gyanendra Prasad Dhungana said that this kind of informative programme is important to boost the morale of the employees and to help them overcome such harassments.<br />
The organisers explained the participants about legal provisions related to workplace harassment. They were also informed about ways to protect themselves with whatever tools available nearby, said one of the participants Riya Basnet.<br />
&nbsp;</span><br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-03-13',
			'modified' => '2023-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16991',
			'image' => '20230313035834_20230308_153801.jpg',
			'article_date' => '2023-03-13 15:57:42',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
			'user_id' => '34'
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	),
	(int) 4 => array(
		'Article' => array(
			'id' => '17224',
			'article_category_id' => '218',
			'title' => 'Commercial Banks to Slash Interest Rates on Deposits and Lending From March 15 ',
			'sub_title' => '',
			'summary' => 'Commercial banks have decided to slash interest rates for the next month of Chaitra(mid-March to mid-April).  A meeting of the Nepal Bankers’ Association held on Thursday took the decision to cut the interest rates on deposits and lending for the next month. ',
			'content' => '<p><span style="font-size:18px">March 9: Commercial banks have decided to slash interest rates for the next month of Chaitra(mid-March to mid-April).&nbsp; A meeting of the Nepal Bankers&rsquo; Association held on Thursday took the decision to cut the interest rates on deposits and lending for the next month.&nbsp;</span></p>

<p><span style="font-size:18px">As per the NBA&rsquo;s decision, the interest rate on deposits will be slashed by 0.4 percent, while one percent premium rate will be trimmed on lending starting from March 15.&nbsp;</span></p>

<p><span style="font-size:18px">Nepal Bankers&rsquo; Association Chairman Sunil KC said that the umbrella organization was working to reduce the interest rate on credit flow gradually.&nbsp; </span></p>

<p><span style="font-size:18px">Banks have been adding&nbsp;up to six per cent premium in the base rate at the moment. With the reduction of premium rate by one percent, banks can add up to five percent premium on the base rate from March 15 onwards.&nbsp;</span></p>

<p><span style="font-size:18px">Similarly, banks will provide interest from 6 to 8 percent in normal savings. &nbsp;Earlier, they were providing interest from 6.42 to 8.42 percent in normal savings.&nbsp;</span></p>

<p><span style="font-size:18px">Banks, however, have kept the interest rates on fixed deposits unchanged. Banks have been offering 11 per cent interest on individual fixed deposits. Likewise, they have determined 9 percent and 12 percent interest rates on institutional and remittance accounts respectively.&nbsp;</span></p>

<p><span style="font-size:18px">Industrialists, entrepreneurs and representatives of banks and financial institutions have been demanding for the reduction of the&nbsp;interest rates. Following pressure from all sides, NBA decided&nbsp;to trim the interest rates marginally.&nbsp;</span><br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-03-09',
			'modified' => '2023-03-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16962',
			'image' => '20230309041309_collage - 2023-03-09T161021.974.jpg',
			'article_date' => '2023-03-09 16:07:41',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '42'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '17185',
			'article_category_id' => '218',
			'title' => 'NRB Forms High-Level Committee to Study Problems in Microfinance Companies ',
			'sub_title' => '',
			'summary' => 'Nepal Rastra Bank has constituted a high-level committee to study problems seen in microfinance companies in the country. ',
			'content' => '<p><br />
<br />
<span style="font-size:18px">March 6: Nepal Rastra Bank has constituted a high-level committee to study problems seen in microfinance companies in the country.&nbsp;</span></p>

<p><span style="font-size:18px">Microfinance companies have been facing allegations of charging exorbitant interest and behaving badly with customers for the past a few months.&nbsp;</span></p>

<p><span style="font-size:18px">Microfinance companies, however, deny such allegations and claim that some loan shark groups used to issuing credit on meter interest have spread rumour.&nbsp;</span></p>

<p><span style="font-size:18px">&ldquo;NRB has constituted the high-level committee to carry out study on microfinance companies&rsquo; current situation and their contribution to economy,&rdquo; said a source at NRB.</span></p>

<p><span style="font-size:18px">The committee headed by Executive Director Prakash Kumar Shrestha of NRB Research Department has seven members. Committee members include Nepal Microfinance Banker&rsquo;s Association&rsquo;s chairman, two independent experts and four high-level officers from Nepal Rastra Bank.</span></p>

<p><span style="font-size:18px">The committee will submit its report within six months. Microfinance companies have been in the forefront to enhance income of backward and low-income families across the country.&nbsp;</span></p>

<p><span style="font-size:18px">Since the government does not have set indicators to check microfinance companies&rsquo; contribution for poverty alleviation, it has been difficult to determine their role for poverty alleviation in Nepal.</span></p>

<p><br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-03-06',
			'modified' => '2023-03-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16923',
			'image' => '20230306063604_collage (14).jpg',
			'article_date' => '2023-03-06 06:33:54',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '42'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '17183',
			'article_category_id' => '218',
			'title' => 'Government Serious About  Problems Seen In Banks And Microfinances, Says PM Dahal',
			'sub_title' => '',
			'summary' => 'Prime Minister Pushpa Kamal Dahal on Sunday said his government has taken the problems facing the banks and financial institutions seriously and pledged to address them at the earliest.',
			'content' => '<p>&nbsp;</p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">March 5: Prime Minister Pushpa Kamal Dahal on Sunday said his government has taken the problems facing the banks and financial institutions seriously and pledged to address them at the earliest.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">At the meeting held in the Office of Prime Minister and Council of Ministers to identify and resolve the problems facing banks and financial institutions on Sunday, Prime Minister Dahal said that his government had taken various financial issues, including hefty interest rate of the banks, problems seen in microfinance, businessmen&rsquo;s concerns and some elements trying to create financial anarchy, very seriously and was&nbsp;reday to resolve them as early as possible.&nbsp;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;Businessmen are complaining about interest rates, media are reporting problems seen in microfinance and some people are trying to fish in the murky water by trying to spark financial chaos,&rdquo; Dahal added.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Saying that country&rsquo;s financial condition was in a difficult position, Dahal reminded&nbsp;that his government had decided to solve the financial problems through the joint efforts of the private and government&nbsp;sectors.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Nepal Rastra Bank&rsquo;s Governor Maha Prasad Adhikari made a brief presentation on the current financial condition and claimed that the country&rsquo;s economy was moving in the positive direction.&nbsp;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Government Chief Secretary, Secretary of the Ministry of Finance, NRB Governor, representatives of Federation of Nepalese Chamber of Commerce and Industries (FNCCI), and representatives of various businesses and bankers&rsquo; associations were present at the meeting. </span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2023-03-05',
			'modified' => '2023-03-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16921',
			'image' => '20230305055421_collage - 2023-03-05T170047.366.jpg',
			'article_date' => '2023-03-05 17:48:57',
			'homepage' => false,
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		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '17115',
			'article_category_id' => '218',
			'title' => 'Himalayan and Civil Bank Limited Commence Joint Operation From Friday ',
			'sub_title' => '',
			'summary' => 'Himalayan Bank Limited has successfully acquired Civil Bank Limited. After the acquisition, the two entities have started the joint operation from February 24,2023(Friday).',
			'content' => '<p>&nbsp;</p>

<p><span style="font-size:18px">February 24: Himalayan Bank Limited has successfully acquired Civil Bank Limited. After the acquisition, the two entities have started joint operation from February 24,2023(Friday).</span></p>

<p><span style="font-size:18px">Following the acquisition, the transaction will be carried out under &ldquo;Himalayan Bank Limited&rdquo;. Ashok Shumsher Rana is the Chief Executive Officer(CEO) of the bank.</span></p>

<p><span style="font-size:18px">Earlier, both the banks had reached a preliminary agreement to for acquisition on Ashad 29, 2079 BS.&nbsp;<br />
After the acquisition, the Himalayan Bank &lsquo;s total paid-up capital has reached Rs 34 billion. Likewise, total deposits have reached Rs 274 billion and total loans Rs 250 billion. The total branch network of the bank has reached 189.</span></p>

<p><span style="font-size:18px">Speaking at the inaugural ceremony of the joint transaction of the Himalayan and Civil Bank, CEO Ashok Shumsher Rana said that bank ranked in the seventh and sixth positions in terms of deposits and lending respectively.&nbsp;</span><br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-02-24',
			'modified' => '2023-02-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16853',
			'image' => '20230224045641_collage - 2023-02-24T165844.126.jpg',
			'article_date' => '2023-02-24 16:51:15',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '42'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '17064',
			'article_category_id' => '218',
			'title' => 'Govind Gurung Appointed CEO of Agricultural Development Bank',
			'sub_title' => '',
			'summary' => 'Govind Gurung has been appointed as the Chief Executive Officer (CEO) of Agricultural Development Bank. The meeting of the Board of Directors has appointed Gurung for next four-year term.',
			'content' => '<p>&nbsp;</p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">February 19: Govind Gurung has been appointed as the Chief Executive Officer (CEO) of Agricultural Development Bank. The meeting of the Board of Directors has appointed Gurung for next four-year term. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">As many as 22 individuals had applied for the post of ADBL&rsquo;s CEO. Out of them, five were shortlisted for the coveted post. Along with Gurung, Pratap Subedi, Yagya Prakash Nupane, Badri Gurgai and Bishnu Dev Yadav were shortlisted for the CEO&rsquo;s post.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Interview of the five shortlisted candidates took place on Saturday. Gurung was selected for the top job of the Agricultural Development Bank from the interview. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Gurung had served as the Chief Executive Officer of the Civil Bank Limited. He had also worked as Chief Executive Officer of Myanmar Citizens Bank in Myanmar for one and a half years. </span></span><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Gurung has 26 years&rsquo; experience of working in the different commercial banks. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Gurung has completed Master of Business Administration (MBA) from Nepal Commerce Campus under Tribhuvan University. He had started his banking career from Himalayan Bank Limited.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Gurung will take charge of the Agricultural Development Bank from Monday. The post of the Chief Executive Officer was vacant after erstwhile CEO Anil Kumar Upadhayay&rsquo;s tenure came to an end.</span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2023-02-19',
			'modified' => '2023-02-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16803',
			'image' => '20230219042456_collage - 2023-02-19T155028.444.jpg',
			'article_date' => '2023-02-19 16:21:30',
			'homepage' => false,
			'breaking_news' => false,
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		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '16986',
			'article_category_id' => '218',
			'title' => 'Easing Liquidity Will Have Positive Impact on Stock Market: NRB  ',
			'sub_title' => '',
			'summary' => 'Nepal Rastra Bank has said that increasing liquidity in the banking system will help improve stock market in the days to come. ',
			'content' => '<p><br />
<span style="font-size:18px">February 10: Nepal Rastra Bank has said that the rising liquidity&nbsp;in the banking system will help improve stock market in the days to come.&nbsp;</span></p>

<p><span style="font-size:18px">At a press meet organised after the half-yearly review of monetary policy of the current fiscal year 2022/23 published by Nepal Rastra Bank on Friday, NRB&rsquo;s Executive Director Prakash Kumar Shrestha said liquidity was easing in the banking system and it would have a positive impact on the share market.&nbsp;</span></p>

<p><span style="font-size:18px">&ldquo;With the rise of deposits in the banking system, liquidity is becoming comfortable. This will have the positive effect on the stock market,&rdquo; Shrestha added.&nbsp;</span></p>

<p><span style="font-size:18px">Stating that the Nepal Rastra Bank&rsquo;s current priority was to maintain the country&rsquo;s financial stability, Director Shrestha held that half-yearly review of the monetary policy had kept the policy-level provisions unchanged for the same.</span><br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-02-10',
			'modified' => '2023-02-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16725',
			'image' => '20230210041632_collage - 2023-02-10T160337.889.jpg',
			'article_date' => '2023-02-10 16:07:04',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '42'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '16919',
			'article_category_id' => '218',
			'title' => 'Dinesh Kumar Pokhrel appointed CEO of Saptakoshi Development Bank ',
			'sub_title' => '',
			'summary' => ' Saptakoshi Development Bank has appointed Dinesh Kumar Pokhrel  as  its Chief Executive Officer(CEO).',
			'content' => '<p>February 3: Saptakoshi Development Bank has appointed Dinesh Kumar Pokhrel &nbsp;as &nbsp;its Chief Executive Officer(CEO). The meeting of the Board of Directors held on January 22 decided to appoint Pokhrel to the post of CEO.</p>

<p>The decision came to this effect from January 23. Pokhrel has been appointed for four-year term.&nbsp;<br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-02-03',
			'modified' => '2023-02-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16658',
			'image' => '20230203034214_collage - 2023-02-03T154037.455.jpg',
			'article_date' => '2023-02-03 15:35:12',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '42'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '16915',
			'article_category_id' => '218',
			'title' => 'Government, NRB Positive to Remove Rs 120 millions'  Threshold on Margin Lending ',
			'sub_title' => '',
			'summary' => 'Nepal government and Nepal Rastra Bank seem positive to remove the upper limit of Rs 120 million on loan against shares. In the fiscal year 2078/79, Nepal Rastra Bank(NRB) had tightened loans against shares by introducing the credit limit of 40/120 millions. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">February 3:&nbsp; Nepal government and Nepal Rastra Bank seem positive to remove the upper limit of Rs 120 million on loan against shares.&nbsp;</span></span><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In the fiscal year 2078/79, Nepal Rastra Bank(NRB) had tightened loans against shares by introducing the credit limit of Rs 40/120 millions.&nbsp;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In the current fiscal year, the central bank had removed the limit of Rs 40 million on credit against shares. However, the central bank had kept the upper threshold on the margin loan unchanged.&nbsp;</span></span><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The central bank&rsquo;s policy of Rs 40/120 million credit threshold against the shares had put the share market &nbsp;in crisis.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">At a programme organized by Economic Media Operators&rsquo; Association in Kathmandu on Thursday, Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel and NRB Governor Maha Prasad Adhikari indicated that upper slab for margin credit might be removed.&nbsp;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Poudel informed that Ministry of Finance, Nepal Rastra Bank and stakeholders could meet and discuss to find out&nbsp;a solution to 120 million slabs for the loans against shares.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;NRB Governor is positive to figure out solutions to the state of&nbsp; liquidity, interest rates and a slab of Rs 120 million lending on shares,&rdquo;&nbsp;Poudel said. He, however, added that the government could not dictate the central bank to change interest rates as it is an independent institution.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">NRB governor Maha Prasad Adhikari said that temporary financial instruments used by the central bank for financial stability were being removed keeping in view the latest state of liquidity in the market.&nbsp;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;Nepal Rastra Bank&rsquo;s policies are clear and they will be changed in accordance with financial indicators,&rdquo; Adhikari stated. He held that Rastra Bank had tightened loans against shares, polices on the import, among others, to avert the possible financial crisis in the country.&nbsp;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">NRB, through its Monetary Policy of 2021/22, had capped loans to up to Rs 40 million from a single bank or financial institution and the total limit for a borrower at Rs 120 million from different banks and financial institutions. In the current fiscal year, the central bank removed the lower limit on loans against shares.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&nbsp;</span></span></p>
',
			'published' => true,
			'created' => '2023-02-03',
			'modified' => '2023-02-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16654',
			'image' => '20230203072628_collage (100).jpg',
			'article_date' => '2023-02-03 07:17:19',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '16914',
			'article_category_id' => '218',
			'title' => 'Ganesh Raj Pokharel Re-appointed as CEO of Citizens Bank International ',
			'sub_title' => '',
			'summary' => ' Ganesh Raj Pokharel has been reappointed as Chief Executive Officer of Citizens Bank International Limited.  ',
			'content' => '<p>&nbsp;</p>

<p>January 12: Ganesh Raj Pokharel has been reappointed as Chief Executive Officer of Citizens Bank International Limited. &nbsp;<br />
The meeting of the Board of Directors held on February decided to reappoint Pokharel to the CEO for another four-year term. The decision will come into effect from March 1.&nbsp;</p>

<p>Pokharel holds an Executive MBA degree in Finance from Kathmandu University and an MBA (Marketing) and BL (Banking) degrees from Tribhuvan University. He is a professional banker with more than 28 years of experience.&nbsp;<br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-02-02',
			'modified' => '2023-02-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16653',
			'image' => '20230202045847_collage (99).jpg',
			'article_date' => '2023-02-02 16:55:43',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '42'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '16880',
			'article_category_id' => '218',
			'title' => 'Assets Under Management of NIBL Ace Capital Reaches Rs 4 Billion',
			'sub_title' => '',
			'summary' => 'January 29:  The Assets Under Management (AUM) of NIBL Ace Capital Limited, one of the leading merchant banking and Investment banking company, has reached the size of Rs 4 billion.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">January 29:&nbsp; The Assets Under Management (AUM) of NIBL Ace Capital Limited, one of the leading merchant banking and Investment banking company, has reached the size of Rs 4 billion.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Issuing a statement, the company said it has been successful in achieving this milestone of Rs 4 billion AUM as a result of trust shown by the customers towards the service company.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The company said it is committed to develop Portfolio Management Service (PMS) as a more sophisticated, technology-friendly, and profit generating service in the future with the support, cooperation, goodwill and trust of customers.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to NIBL Ace Capital Limited, PMS is one of these profitable service which has helped many people achieve their goals at best with a well-conceived balance of risk and return.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The merchant banking business at NIBL Ace Capital is structured around three distinct groups of businesses which include PMS, capital advisory and debt funding, both in Nepal and globally, in addition to its investment banking activities, added the statement. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">As of now there are more than 1100 &lsquo;satisfied&rsquo; customers associated with the PMS and along with this customer base, the size of Asset Under Management (AUM) has now reached to Rs 4 billion, the company further said.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;PMS is a professional service where qualified and experienced portfolio managers construct an efficient portfolio backed with research recommendations. The operation of portfolio is completely administered by the portfolio managers on behalf of their clients. This product aims to create an investment opportunity for all clients associated with the service.&rdquo;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Since the inception of PMS service, NIBL Ace Capital said it has been providing discretionary and non-discretionary PMS services to its customers.</span></span></p>

<p>&nbsp;</p>
',
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			'created' => '2023-01-29',
			'modified' => '2023-01-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16619',
			'image' => '20230129035158_NIBL-Ace-Capital_PMS-4-Arab_Eng.jpg',
			'article_date' => '2023-01-29 15:50:57',
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			'id' => '16864',
			'article_category_id' => '218',
			'title' => 'Prabhu Bank Reappoints Sherchan as CEO for Third-Term ',
			'sub_title' => '',
			'summary' => 'Prabhu Bank Limited has reappointed Ashok Serchan as its Chief Executive Officer.',
			'content' => '<p><span style="font-size:18px">January 27: Prabhu Bank Limited has reappointed Ashok Serchan as its Chief Executive Officer for a&nbsp;third-term.</span></p>

<p><span style="font-size:18px">The meeting of the Board of Directors held on January 26 decided to reappoint Sherchan as the CEO for the third-term. </span></p>

<p><span style="font-size:18px">The decision will come into effect from January 29. &ldquo;Mr Sherchan has been reappointed as the&nbsp;CEO for another four-year term&rdquo;, the bank said.&nbsp;Sherchan has already served as the bank&rsquo;s CEO for two-terms.&nbsp;</span><br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-01-27',
			'modified' => '2023-01-27',
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			'description' => '',
			'sortorder' => '16603',
			'image' => '20230127044012_collage (93).jpg',
			'article_date' => '2023-01-27 16:35:59',
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		'Article' => array(
			'id' => '17326',
			'article_category_id' => '218',
			'title' => 'Credit to Deposit(CD) Ratio Goes Up ',
			'sub_title' => '',
			'summary' => 'The Credit to Deposit(CD) ratio of banks and financial institutions(BFIs) has gone up. Continuous fall of deposits from the banking system has caused the CD ratio to surge. ',
			'content' => '<p>&nbsp;</p>

<p><span style="font-size:18px">March 21: The Credit to Deposit(CD) ratio of banks and financial institutions(BFIs) has gone up. Continuous fall of deposits from the banking system has caused the CD ratio to surge.&nbsp; The average CD ratio of the banks and financial institutions reached 85.71 percent on March 18, according to Nepal Rastra Bank.&nbsp;</span></p>

<p><span style="font-size:18px">The CD ratio of the banks which stood at 85.60 per cent on March 14 increased to 85.69 percent on March 15.<br />
As per the Nepal Rastra Bank directives, banks and financial institutions need to maintain CD ratio threshold below 90 percent.&nbsp;</span></p>

<p><span style="font-size:18px">Deposits are continuously falling from the banking system since last week. Deposits had fallen by Rs 11 billion on March 15 compared to March 14.&nbsp;Banks and financial institutions had deposit of Rs 5413 billion on March 14 while the deposits fell to Rs 5402 billion &nbsp;the next day.&nbsp;</span></p>

<p><span style="font-size:18px">While commercial banks had deposits of Rs 4764 billion on March 17, the deposits fell by one billion on March 18. The total deposits of commercial banks was Rs 4761 billion on March 15.&nbsp;Development banks and finance companies had a total deposits of Rs 641 billion on March 18.&nbsp;</span></p>

<p><span style="font-size:18px">Similarly, total lending of the banks and finance companies was Rs 4813 billion on March 18. Total lending of Rs 4817 billion as of March 14 had dropped to Rs 4812 billion on March 15. The total loan disbursement reached Rs 4813 billion on March 17.&nbsp;</span></p>

<p><span style="font-size:18px">The interbank interest rate dropped from 7.1 per cent to 7 percent from March 17 to march 18, according to Nepal Rastra Bank.&nbsp;</span><br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-03-21',
			'modified' => '2023-03-21',
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			'description' => '',
			'sortorder' => '17061',
			'image' => '20230321073259_collage (30).jpg',
			'article_date' => '2023-03-21 07:30:28',
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			'id' => '17314',
			'article_category_id' => '218',
			'title' => 'Shangrila Development Bank’s CEO Shrestha Elected Chairman of DBAN ',
			'sub_title' => '',
			'summary' => 'Chief Executive Officer Suyog Shrestha of Shangrila Development Bank has been unanimously elected as the Chairman of Development Bankers Association Nepal. DBAN’s 17th Annual General Meeting held in Chitwan unanimously appointed Suyog Shrestha as the Chairman of the association on March 17. ',
			'content' => '<p><span style="font-size:18px">March 19: Chief Executive Officer Suyog Shrestha of Shangrila Development Bank has been unanimously elected as the Chairman of Development Bankers Association Nepal.&nbsp;DBAN&rsquo;s 17th Annual General Meeting held in Chitwan unanimously appointed Suyog Shrestha as the Chairman of the association on March 17.&nbsp;</span></p>

<p><span style="font-size:18px">Likewise, Mahalaxmi BikasBank&rsquo;s Chief Executive Officer Bodhraj Devkota has been appointed Vice-chair of the DBAN. Sindhu Bikas Bank&rsquo;s CEO Ram Kumar Giri, and Lumbini Bikas Bank&rsquo;s CEO Naresh Singh Bohora have been elected as Secretary and Treasurer respectively.</span></p>

<p><span style="font-size:18px">Other members of the DBAN include Shine Resunga Development Bank&rsquo;s CEO Prakash Poudel, Jyoti Bikash Bank&rsquo;s CEO Shree Chandra Bhatt and Excel Development Bank&rsquo;s CEO Dr Indra Kattel.&nbsp;</span></p>

<p><span style="font-size:18px">Newly-elected DBAN Chairman Shrestha pledged to work for the rights and welfare of the development banks. &ldquo;Though the number of development banks has fallen from 90 to 17, development banks&rsquo; market occupancy has not dropped. We will have to work together to do more and better in the days to come,&rdquo; Shrestha added.&nbsp;</span><br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-03-19',
			'modified' => '2023-03-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '17049',
			'image' => '20230319053835_collage - 2023-03-19T173455.828.jpg',
			'article_date' => '2023-03-19 17:36:44',
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		'Article' => array(
			'id' => '17254',
			'article_category_id' => '218',
			'title' => 'Rastriya Banijya Bank Signs Agreement With Nepal Remit International ',
			'sub_title' => '',
			'summary' => 'Rastriya Banijya Bank has signed an agreement with Nepal Remit International, enabling migrant workers from different countries to transfer remittances through the bank to their families, friends and loved ones in Nepal. ',
			'content' => '<p>&nbsp;</p>

<p><span style="font-size:18px">March 13: Rastriya Banijya Bank has signed an agreement with Nepal Remit International, enabling migrant workers from different countries to transfer remittances through the bank to their families, friends and loved ones in Nepal.&nbsp;</span></p>

<p><span style="font-size:18px">Rastriya Banijya Bank&rsquo;s Chief Executive Officer(CEO) Kiran Kumar Shrestha and Remit&rsquo;s Chief Executive Officer(CEO) Sagar Khanal signed memorandum of the understanding on Friday.&nbsp;</span></p>

<p><span style="font-size:18px">Following the agreement, remittance sent by the migrant workers &nbsp;through the Rastriya Banijya Bank&rsquo;s channel will be paid to their families, relatives, and concerned individuals from Banijya Bank&rsquo;s branches in Nepal.&nbsp;</span></p>

<p><span style="font-size:18px">Officials at the bank say that the agreement will help earn foreign currency in the country. The&nbsp; Bank&rsquo;s Deputy CEO Saraswoti Adhikari, other high-level officials and Remit&rsquo;s Deputy General Manager Dev Bahadur Thapa were present on the occasion.&nbsp;</span></p>

<p><span style="font-size:18px">Rastriya Banijya Bank has been serving customers through 265 branches, 46 extension counters, 269 ATMs and 99 branchless banking units across the country.&nbsp;</span><br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-03-13',
			'modified' => '2023-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16992',
			'image' => '20230313040901_collage - 2023-03-13T160947.095.jpg',
			'article_date' => '2023-03-13 16:07:07',
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		'Article' => array(
			'id' => '17253',
			'article_category_id' => '218',
			'title' => 'Nabil Bank Organises Workshop on Workplace Harassment',
			'sub_title' => '',
			'summary' => 'March 13: Nabil Bank recently organized a workshop on workplace harassment for its employees.',
			'content' => '<p><span style="font-size:18px">March 13: Nabil Bank recently organized a workshop on workplace harassment for its employees. The workshop organized on the occasion of the International Women&rsquo;s Day last week to raise awareness on the issue of workplace harassment.&nbsp;<br />
Issuing a statement, the bank said that a total of 70 employees attended the workshop, which was organized in collaboration with Fight Back.&nbsp;<br />
Both male and female employees of the bank attended the workshop.&nbsp;<br />
According to the statement, employees of the bank&rsquo;s branches within the Kathmandu valley attended the workshop in person while the staff employed outside &nbsp;the valley attended the workshop online.<br />
During the workshop, the participants were informed about workplace harassment and how such harassments are done and how to stay aware of workplace harassment and cope with such situation. The participants were given practical demonstration during the workshop.<br />
Nabil Banks CEO Gyanendra Prasad Dhungana said that this kind of informative programme is important to boost the morale of the employees and to help them overcome such harassments.<br />
The organisers explained the participants about legal provisions related to workplace harassment. They were also informed about ways to protect themselves with whatever tools available nearby, said one of the participants Riya Basnet.<br />
&nbsp;</span><br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-03-13',
			'modified' => '2023-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16991',
			'image' => '20230313035834_20230308_153801.jpg',
			'article_date' => '2023-03-13 15:57:42',
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	(int) 4 => array(
		'Article' => array(
			'id' => '17224',
			'article_category_id' => '218',
			'title' => 'Commercial Banks to Slash Interest Rates on Deposits and Lending From March 15 ',
			'sub_title' => '',
			'summary' => 'Commercial banks have decided to slash interest rates for the next month of Chaitra(mid-March to mid-April).  A meeting of the Nepal Bankers’ Association held on Thursday took the decision to cut the interest rates on deposits and lending for the next month. ',
			'content' => '<p><span style="font-size:18px">March 9: Commercial banks have decided to slash interest rates for the next month of Chaitra(mid-March to mid-April).&nbsp; A meeting of the Nepal Bankers&rsquo; Association held on Thursday took the decision to cut the interest rates on deposits and lending for the next month.&nbsp;</span></p>

<p><span style="font-size:18px">As per the NBA&rsquo;s decision, the interest rate on deposits will be slashed by 0.4 percent, while one percent premium rate will be trimmed on lending starting from March 15.&nbsp;</span></p>

<p><span style="font-size:18px">Nepal Bankers&rsquo; Association Chairman Sunil KC said that the umbrella organization was working to reduce the interest rate on credit flow gradually.&nbsp; </span></p>

<p><span style="font-size:18px">Banks have been adding&nbsp;up to six per cent premium in the base rate at the moment. With the reduction of premium rate by one percent, banks can add up to five percent premium on the base rate from March 15 onwards.&nbsp;</span></p>

<p><span style="font-size:18px">Similarly, banks will provide interest from 6 to 8 percent in normal savings. &nbsp;Earlier, they were providing interest from 6.42 to 8.42 percent in normal savings.&nbsp;</span></p>

<p><span style="font-size:18px">Banks, however, have kept the interest rates on fixed deposits unchanged. Banks have been offering 11 per cent interest on individual fixed deposits. Likewise, they have determined 9 percent and 12 percent interest rates on institutional and remittance accounts respectively.&nbsp;</span></p>

<p><span style="font-size:18px">Industrialists, entrepreneurs and representatives of banks and financial institutions have been demanding for the reduction of the&nbsp;interest rates. Following pressure from all sides, NBA decided&nbsp;to trim the interest rates marginally.&nbsp;</span><br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-03-09',
			'modified' => '2023-03-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16962',
			'image' => '20230309041309_collage - 2023-03-09T161021.974.jpg',
			'article_date' => '2023-03-09 16:07:41',
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		'Article' => array(
			'id' => '17185',
			'article_category_id' => '218',
			'title' => 'NRB Forms High-Level Committee to Study Problems in Microfinance Companies ',
			'sub_title' => '',
			'summary' => 'Nepal Rastra Bank has constituted a high-level committee to study problems seen in microfinance companies in the country. ',
			'content' => '<p><br />
<br />
<span style="font-size:18px">March 6: Nepal Rastra Bank has constituted a high-level committee to study problems seen in microfinance companies in the country.&nbsp;</span></p>

<p><span style="font-size:18px">Microfinance companies have been facing allegations of charging exorbitant interest and behaving badly with customers for the past a few months.&nbsp;</span></p>

<p><span style="font-size:18px">Microfinance companies, however, deny such allegations and claim that some loan shark groups used to issuing credit on meter interest have spread rumour.&nbsp;</span></p>

<p><span style="font-size:18px">&ldquo;NRB has constituted the high-level committee to carry out study on microfinance companies&rsquo; current situation and their contribution to economy,&rdquo; said a source at NRB.</span></p>

<p><span style="font-size:18px">The committee headed by Executive Director Prakash Kumar Shrestha of NRB Research Department has seven members. Committee members include Nepal Microfinance Banker&rsquo;s Association&rsquo;s chairman, two independent experts and four high-level officers from Nepal Rastra Bank.</span></p>

<p><span style="font-size:18px">The committee will submit its report within six months. Microfinance companies have been in the forefront to enhance income of backward and low-income families across the country.&nbsp;</span></p>

<p><span style="font-size:18px">Since the government does not have set indicators to check microfinance companies&rsquo; contribution for poverty alleviation, it has been difficult to determine their role for poverty alleviation in Nepal.</span></p>

<p><br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-03-06',
			'modified' => '2023-03-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16923',
			'image' => '20230306063604_collage (14).jpg',
			'article_date' => '2023-03-06 06:33:54',
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	(int) 6 => array(
		'Article' => array(
			'id' => '17183',
			'article_category_id' => '218',
			'title' => 'Government Serious About  Problems Seen In Banks And Microfinances, Says PM Dahal',
			'sub_title' => '',
			'summary' => 'Prime Minister Pushpa Kamal Dahal on Sunday said his government has taken the problems facing the banks and financial institutions seriously and pledged to address them at the earliest.',
			'content' => '<p>&nbsp;</p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">March 5: Prime Minister Pushpa Kamal Dahal on Sunday said his government has taken the problems facing the banks and financial institutions seriously and pledged to address them at the earliest.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">At the meeting held in the Office of Prime Minister and Council of Ministers to identify and resolve the problems facing banks and financial institutions on Sunday, Prime Minister Dahal said that his government had taken various financial issues, including hefty interest rate of the banks, problems seen in microfinance, businessmen&rsquo;s concerns and some elements trying to create financial anarchy, very seriously and was&nbsp;reday to resolve them as early as possible.&nbsp;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;Businessmen are complaining about interest rates, media are reporting problems seen in microfinance and some people are trying to fish in the murky water by trying to spark financial chaos,&rdquo; Dahal added.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Saying that country&rsquo;s financial condition was in a difficult position, Dahal reminded&nbsp;that his government had decided to solve the financial problems through the joint efforts of the private and government&nbsp;sectors.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Nepal Rastra Bank&rsquo;s Governor Maha Prasad Adhikari made a brief presentation on the current financial condition and claimed that the country&rsquo;s economy was moving in the positive direction.&nbsp;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Government Chief Secretary, Secretary of the Ministry of Finance, NRB Governor, representatives of Federation of Nepalese Chamber of Commerce and Industries (FNCCI), and representatives of various businesses and bankers&rsquo; associations were present at the meeting. </span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2023-03-05',
			'modified' => '2023-03-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16921',
			'image' => '20230305055421_collage - 2023-03-05T170047.366.jpg',
			'article_date' => '2023-03-05 17:48:57',
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	(int) 7 => array(
		'Article' => array(
			'id' => '17115',
			'article_category_id' => '218',
			'title' => 'Himalayan and Civil Bank Limited Commence Joint Operation From Friday ',
			'sub_title' => '',
			'summary' => 'Himalayan Bank Limited has successfully acquired Civil Bank Limited. After the acquisition, the two entities have started the joint operation from February 24,2023(Friday).',
			'content' => '<p>&nbsp;</p>

<p><span style="font-size:18px">February 24: Himalayan Bank Limited has successfully acquired Civil Bank Limited. After the acquisition, the two entities have started joint operation from February 24,2023(Friday).</span></p>

<p><span style="font-size:18px">Following the acquisition, the transaction will be carried out under &ldquo;Himalayan Bank Limited&rdquo;. Ashok Shumsher Rana is the Chief Executive Officer(CEO) of the bank.</span></p>

<p><span style="font-size:18px">Earlier, both the banks had reached a preliminary agreement to for acquisition on Ashad 29, 2079 BS.&nbsp;<br />
After the acquisition, the Himalayan Bank &lsquo;s total paid-up capital has reached Rs 34 billion. Likewise, total deposits have reached Rs 274 billion and total loans Rs 250 billion. The total branch network of the bank has reached 189.</span></p>

<p><span style="font-size:18px">Speaking at the inaugural ceremony of the joint transaction of the Himalayan and Civil Bank, CEO Ashok Shumsher Rana said that bank ranked in the seventh and sixth positions in terms of deposits and lending respectively.&nbsp;</span><br />
&nbsp;</p>
',
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			'created' => '2023-02-24',
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			'sortorder' => '16853',
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			'article_date' => '2023-02-24 16:51:15',
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		'Article' => array(
			'id' => '17064',
			'article_category_id' => '218',
			'title' => 'Govind Gurung Appointed CEO of Agricultural Development Bank',
			'sub_title' => '',
			'summary' => 'Govind Gurung has been appointed as the Chief Executive Officer (CEO) of Agricultural Development Bank. The meeting of the Board of Directors has appointed Gurung for next four-year term.',
			'content' => '<p>&nbsp;</p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">February 19: Govind Gurung has been appointed as the Chief Executive Officer (CEO) of Agricultural Development Bank. The meeting of the Board of Directors has appointed Gurung for next four-year term. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">As many as 22 individuals had applied for the post of ADBL&rsquo;s CEO. Out of them, five were shortlisted for the coveted post. Along with Gurung, Pratap Subedi, Yagya Prakash Nupane, Badri Gurgai and Bishnu Dev Yadav were shortlisted for the CEO&rsquo;s post.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Interview of the five shortlisted candidates took place on Saturday. Gurung was selected for the top job of the Agricultural Development Bank from the interview. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Gurung had served as the Chief Executive Officer of the Civil Bank Limited. He had also worked as Chief Executive Officer of Myanmar Citizens Bank in Myanmar for one and a half years. </span></span><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Gurung has 26 years&rsquo; experience of working in the different commercial banks. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Gurung has completed Master of Business Administration (MBA) from Nepal Commerce Campus under Tribhuvan University. He had started his banking career from Himalayan Bank Limited.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Gurung will take charge of the Agricultural Development Bank from Monday. The post of the Chief Executive Officer was vacant after erstwhile CEO Anil Kumar Upadhayay&rsquo;s tenure came to an end.</span></span></p>

<p>&nbsp;</p>
',
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			'created' => '2023-02-19',
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			'description' => '',
			'sortorder' => '16803',
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			'article_date' => '2023-02-19 16:21:30',
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	(int) 9 => array(
		'Article' => array(
			'id' => '16986',
			'article_category_id' => '218',
			'title' => 'Easing Liquidity Will Have Positive Impact on Stock Market: NRB  ',
			'sub_title' => '',
			'summary' => 'Nepal Rastra Bank has said that increasing liquidity in the banking system will help improve stock market in the days to come. ',
			'content' => '<p><br />
<span style="font-size:18px">February 10: Nepal Rastra Bank has said that the rising liquidity&nbsp;in the banking system will help improve stock market in the days to come.&nbsp;</span></p>

<p><span style="font-size:18px">At a press meet organised after the half-yearly review of monetary policy of the current fiscal year 2022/23 published by Nepal Rastra Bank on Friday, NRB&rsquo;s Executive Director Prakash Kumar Shrestha said liquidity was easing in the banking system and it would have a positive impact on the share market.&nbsp;</span></p>

<p><span style="font-size:18px">&ldquo;With the rise of deposits in the banking system, liquidity is becoming comfortable. This will have the positive effect on the stock market,&rdquo; Shrestha added.&nbsp;</span></p>

<p><span style="font-size:18px">Stating that the Nepal Rastra Bank&rsquo;s current priority was to maintain the country&rsquo;s financial stability, Director Shrestha held that half-yearly review of the monetary policy had kept the policy-level provisions unchanged for the same.</span><br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-02-10',
			'modified' => '2023-02-10',
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			'description' => '',
			'sortorder' => '16725',
			'image' => '20230210041632_collage - 2023-02-10T160337.889.jpg',
			'article_date' => '2023-02-10 16:07:04',
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		'Article' => array(
			'id' => '16919',
			'article_category_id' => '218',
			'title' => 'Dinesh Kumar Pokhrel appointed CEO of Saptakoshi Development Bank ',
			'sub_title' => '',
			'summary' => ' Saptakoshi Development Bank has appointed Dinesh Kumar Pokhrel  as  its Chief Executive Officer(CEO).',
			'content' => '<p>February 3: Saptakoshi Development Bank has appointed Dinesh Kumar Pokhrel &nbsp;as &nbsp;its Chief Executive Officer(CEO). The meeting of the Board of Directors held on January 22 decided to appoint Pokhrel to the post of CEO.</p>

<p>The decision came to this effect from January 23. Pokhrel has been appointed for four-year term.&nbsp;<br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-02-03',
			'modified' => '2023-02-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16658',
			'image' => '20230203034214_collage - 2023-02-03T154037.455.jpg',
			'article_date' => '2023-02-03 15:35:12',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '42'
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	(int) 11 => array(
		'Article' => array(
			'id' => '16915',
			'article_category_id' => '218',
			'title' => 'Government, NRB Positive to Remove Rs 120 millions'  Threshold on Margin Lending ',
			'sub_title' => '',
			'summary' => 'Nepal government and Nepal Rastra Bank seem positive to remove the upper limit of Rs 120 million on loan against shares. In the fiscal year 2078/79, Nepal Rastra Bank(NRB) had tightened loans against shares by introducing the credit limit of 40/120 millions. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">February 3:&nbsp; Nepal government and Nepal Rastra Bank seem positive to remove the upper limit of Rs 120 million on loan against shares.&nbsp;</span></span><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In the fiscal year 2078/79, Nepal Rastra Bank(NRB) had tightened loans against shares by introducing the credit limit of Rs 40/120 millions.&nbsp;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In the current fiscal year, the central bank had removed the limit of Rs 40 million on credit against shares. However, the central bank had kept the upper threshold on the margin loan unchanged.&nbsp;</span></span><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The central bank&rsquo;s policy of Rs 40/120 million credit threshold against the shares had put the share market &nbsp;in crisis.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">At a programme organized by Economic Media Operators&rsquo; Association in Kathmandu on Thursday, Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel and NRB Governor Maha Prasad Adhikari indicated that upper slab for margin credit might be removed.&nbsp;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Poudel informed that Ministry of Finance, Nepal Rastra Bank and stakeholders could meet and discuss to find out&nbsp;a solution to 120 million slabs for the loans against shares.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;NRB Governor is positive to figure out solutions to the state of&nbsp; liquidity, interest rates and a slab of Rs 120 million lending on shares,&rdquo;&nbsp;Poudel said. He, however, added that the government could not dictate the central bank to change interest rates as it is an independent institution.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">NRB governor Maha Prasad Adhikari said that temporary financial instruments used by the central bank for financial stability were being removed keeping in view the latest state of liquidity in the market.&nbsp;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;Nepal Rastra Bank&rsquo;s policies are clear and they will be changed in accordance with financial indicators,&rdquo; Adhikari stated. He held that Rastra Bank had tightened loans against shares, polices on the import, among others, to avert the possible financial crisis in the country.&nbsp;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">NRB, through its Monetary Policy of 2021/22, had capped loans to up to Rs 40 million from a single bank or financial institution and the total limit for a borrower at Rs 120 million from different banks and financial institutions. In the current fiscal year, the central bank removed the lower limit on loans against shares.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&nbsp;</span></span></p>
',
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			'sortorder' => '16654',
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			'id' => '16914',
			'article_category_id' => '218',
			'title' => 'Ganesh Raj Pokharel Re-appointed as CEO of Citizens Bank International ',
			'sub_title' => '',
			'summary' => ' Ganesh Raj Pokharel has been reappointed as Chief Executive Officer of Citizens Bank International Limited.  ',
			'content' => '<p>&nbsp;</p>

<p>January 12: Ganesh Raj Pokharel has been reappointed as Chief Executive Officer of Citizens Bank International Limited. &nbsp;<br />
The meeting of the Board of Directors held on February decided to reappoint Pokharel to the CEO for another four-year term. The decision will come into effect from March 1.&nbsp;</p>

<p>Pokharel holds an Executive MBA degree in Finance from Kathmandu University and an MBA (Marketing) and BL (Banking) degrees from Tribhuvan University. He is a professional banker with more than 28 years of experience.&nbsp;<br />
&nbsp;</p>
',
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			'created' => '2023-02-02',
			'modified' => '2023-02-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16653',
			'image' => '20230202045847_collage (99).jpg',
			'article_date' => '2023-02-02 16:55:43',
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	(int) 13 => array(
		'Article' => array(
			'id' => '16880',
			'article_category_id' => '218',
			'title' => 'Assets Under Management of NIBL Ace Capital Reaches Rs 4 Billion',
			'sub_title' => '',
			'summary' => 'January 29:  The Assets Under Management (AUM) of NIBL Ace Capital Limited, one of the leading merchant banking and Investment banking company, has reached the size of Rs 4 billion.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">January 29:&nbsp; The Assets Under Management (AUM) of NIBL Ace Capital Limited, one of the leading merchant banking and Investment banking company, has reached the size of Rs 4 billion.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Issuing a statement, the company said it has been successful in achieving this milestone of Rs 4 billion AUM as a result of trust shown by the customers towards the service company.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The company said it is committed to develop Portfolio Management Service (PMS) as a more sophisticated, technology-friendly, and profit generating service in the future with the support, cooperation, goodwill and trust of customers.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to NIBL Ace Capital Limited, PMS is one of these profitable service which has helped many people achieve their goals at best with a well-conceived balance of risk and return.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The merchant banking business at NIBL Ace Capital is structured around three distinct groups of businesses which include PMS, capital advisory and debt funding, both in Nepal and globally, in addition to its investment banking activities, added the statement. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">As of now there are more than 1100 &lsquo;satisfied&rsquo; customers associated with the PMS and along with this customer base, the size of Asset Under Management (AUM) has now reached to Rs 4 billion, the company further said.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;PMS is a professional service where qualified and experienced portfolio managers construct an efficient portfolio backed with research recommendations. The operation of portfolio is completely administered by the portfolio managers on behalf of their clients. This product aims to create an investment opportunity for all clients associated with the service.&rdquo;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Since the inception of PMS service, NIBL Ace Capital said it has been providing discretionary and non-discretionary PMS services to its customers.</span></span></p>

<p>&nbsp;</p>
',
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			'created' => '2023-01-29',
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			'sortorder' => '16619',
			'image' => '20230129035158_NIBL-Ace-Capital_PMS-4-Arab_Eng.jpg',
			'article_date' => '2023-01-29 15:50:57',
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			'id' => '16864',
			'article_category_id' => '218',
			'title' => 'Prabhu Bank Reappoints Sherchan as CEO for Third-Term ',
			'sub_title' => '',
			'summary' => 'Prabhu Bank Limited has reappointed Ashok Serchan as its Chief Executive Officer.',
			'content' => '<p><span style="font-size:18px">January 27: Prabhu Bank Limited has reappointed Ashok Serchan as its Chief Executive Officer for a&nbsp;third-term.</span></p>

<p><span style="font-size:18px">The meeting of the Board of Directors held on January 26 decided to reappoint Sherchan as the CEO for the third-term. </span></p>

<p><span style="font-size:18px">The decision will come into effect from January 29. &ldquo;Mr Sherchan has been reappointed as the&nbsp;CEO for another four-year term&rdquo;, the bank said.&nbsp;Sherchan has already served as the bank&rsquo;s CEO for two-terms.&nbsp;</span><br />
&nbsp;</p>
',
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			'image' => '20230127044012_collage (93).jpg',
			'article_date' => '2023-01-27 16:35:59',
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		'Article' => array(
			'id' => '17326',
			'article_category_id' => '218',
			'title' => 'Credit to Deposit(CD) Ratio Goes Up ',
			'sub_title' => '',
			'summary' => 'The Credit to Deposit(CD) ratio of banks and financial institutions(BFIs) has gone up. Continuous fall of deposits from the banking system has caused the CD ratio to surge. ',
			'content' => '<p>&nbsp;</p>

<p><span style="font-size:18px">March 21: The Credit to Deposit(CD) ratio of banks and financial institutions(BFIs) has gone up. Continuous fall of deposits from the banking system has caused the CD ratio to surge.&nbsp; The average CD ratio of the banks and financial institutions reached 85.71 percent on March 18, according to Nepal Rastra Bank.&nbsp;</span></p>

<p><span style="font-size:18px">The CD ratio of the banks which stood at 85.60 per cent on March 14 increased to 85.69 percent on March 15.<br />
As per the Nepal Rastra Bank directives, banks and financial institutions need to maintain CD ratio threshold below 90 percent.&nbsp;</span></p>

<p><span style="font-size:18px">Deposits are continuously falling from the banking system since last week. Deposits had fallen by Rs 11 billion on March 15 compared to March 14.&nbsp;Banks and financial institutions had deposit of Rs 5413 billion on March 14 while the deposits fell to Rs 5402 billion &nbsp;the next day.&nbsp;</span></p>

<p><span style="font-size:18px">While commercial banks had deposits of Rs 4764 billion on March 17, the deposits fell by one billion on March 18. The total deposits of commercial banks was Rs 4761 billion on March 15.&nbsp;Development banks and finance companies had a total deposits of Rs 641 billion on March 18.&nbsp;</span></p>

<p><span style="font-size:18px">Similarly, total lending of the banks and finance companies was Rs 4813 billion on March 18. Total lending of Rs 4817 billion as of March 14 had dropped to Rs 4812 billion on March 15. The total loan disbursement reached Rs 4813 billion on March 17.&nbsp;</span></p>

<p><span style="font-size:18px">The interbank interest rate dropped from 7.1 per cent to 7 percent from March 17 to march 18, according to Nepal Rastra Bank.&nbsp;</span><br />
&nbsp;</p>
',
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			'id' => '17314',
			'article_category_id' => '218',
			'title' => 'Shangrila Development Bank’s CEO Shrestha Elected Chairman of DBAN ',
			'sub_title' => '',
			'summary' => 'Chief Executive Officer Suyog Shrestha of Shangrila Development Bank has been unanimously elected as the Chairman of Development Bankers Association Nepal. DBAN’s 17th Annual General Meeting held in Chitwan unanimously appointed Suyog Shrestha as the Chairman of the association on March 17. ',
			'content' => '<p><span style="font-size:18px">March 19: Chief Executive Officer Suyog Shrestha of Shangrila Development Bank has been unanimously elected as the Chairman of Development Bankers Association Nepal.&nbsp;DBAN&rsquo;s 17th Annual General Meeting held in Chitwan unanimously appointed Suyog Shrestha as the Chairman of the association on March 17.&nbsp;</span></p>

<p><span style="font-size:18px">Likewise, Mahalaxmi BikasBank&rsquo;s Chief Executive Officer Bodhraj Devkota has been appointed Vice-chair of the DBAN. Sindhu Bikas Bank&rsquo;s CEO Ram Kumar Giri, and Lumbini Bikas Bank&rsquo;s CEO Naresh Singh Bohora have been elected as Secretary and Treasurer respectively.</span></p>

<p><span style="font-size:18px">Other members of the DBAN include Shine Resunga Development Bank&rsquo;s CEO Prakash Poudel, Jyoti Bikash Bank&rsquo;s CEO Shree Chandra Bhatt and Excel Development Bank&rsquo;s CEO Dr Indra Kattel.&nbsp;</span></p>

<p><span style="font-size:18px">Newly-elected DBAN Chairman Shrestha pledged to work for the rights and welfare of the development banks. &ldquo;Though the number of development banks has fallen from 90 to 17, development banks&rsquo; market occupancy has not dropped. We will have to work together to do more and better in the days to come,&rdquo; Shrestha added.&nbsp;</span><br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-03-19',
			'modified' => '2023-03-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '17049',
			'image' => '20230319053835_collage - 2023-03-19T173455.828.jpg',
			'article_date' => '2023-03-19 17:36:44',
			'homepage' => false,
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			'main_news' => true,
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		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '17254',
			'article_category_id' => '218',
			'title' => 'Rastriya Banijya Bank Signs Agreement With Nepal Remit International ',
			'sub_title' => '',
			'summary' => 'Rastriya Banijya Bank has signed an agreement with Nepal Remit International, enabling migrant workers from different countries to transfer remittances through the bank to their families, friends and loved ones in Nepal. ',
			'content' => '<p>&nbsp;</p>

<p><span style="font-size:18px">March 13: Rastriya Banijya Bank has signed an agreement with Nepal Remit International, enabling migrant workers from different countries to transfer remittances through the bank to their families, friends and loved ones in Nepal.&nbsp;</span></p>

<p><span style="font-size:18px">Rastriya Banijya Bank&rsquo;s Chief Executive Officer(CEO) Kiran Kumar Shrestha and Remit&rsquo;s Chief Executive Officer(CEO) Sagar Khanal signed memorandum of the understanding on Friday.&nbsp;</span></p>

<p><span style="font-size:18px">Following the agreement, remittance sent by the migrant workers &nbsp;through the Rastriya Banijya Bank&rsquo;s channel will be paid to their families, relatives, and concerned individuals from Banijya Bank&rsquo;s branches in Nepal.&nbsp;</span></p>

<p><span style="font-size:18px">Officials at the bank say that the agreement will help earn foreign currency in the country. The&nbsp; Bank&rsquo;s Deputy CEO Saraswoti Adhikari, other high-level officials and Remit&rsquo;s Deputy General Manager Dev Bahadur Thapa were present on the occasion.&nbsp;</span></p>

<p><span style="font-size:18px">Rastriya Banijya Bank has been serving customers through 265 branches, 46 extension counters, 269 ATMs and 99 branchless banking units across the country.&nbsp;</span><br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-03-13',
			'modified' => '2023-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16992',
			'image' => '20230313040901_collage - 2023-03-13T160947.095.jpg',
			'article_date' => '2023-03-13 16:07:07',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '42'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '17253',
			'article_category_id' => '218',
			'title' => 'Nabil Bank Organises Workshop on Workplace Harassment',
			'sub_title' => '',
			'summary' => 'March 13: Nabil Bank recently organized a workshop on workplace harassment for its employees.',
			'content' => '<p><span style="font-size:18px">March 13: Nabil Bank recently organized a workshop on workplace harassment for its employees. The workshop organized on the occasion of the International Women&rsquo;s Day last week to raise awareness on the issue of workplace harassment.&nbsp;<br />
Issuing a statement, the bank said that a total of 70 employees attended the workshop, which was organized in collaboration with Fight Back.&nbsp;<br />
Both male and female employees of the bank attended the workshop.&nbsp;<br />
According to the statement, employees of the bank&rsquo;s branches within the Kathmandu valley attended the workshop in person while the staff employed outside &nbsp;the valley attended the workshop online.<br />
During the workshop, the participants were informed about workplace harassment and how such harassments are done and how to stay aware of workplace harassment and cope with such situation. The participants were given practical demonstration during the workshop.<br />
Nabil Banks CEO Gyanendra Prasad Dhungana said that this kind of informative programme is important to boost the morale of the employees and to help them overcome such harassments.<br />
The organisers explained the participants about legal provisions related to workplace harassment. They were also informed about ways to protect themselves with whatever tools available nearby, said one of the participants Riya Basnet.<br />
&nbsp;</span><br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-03-13',
			'modified' => '2023-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16991',
			'image' => '20230313035834_20230308_153801.jpg',
			'article_date' => '2023-03-13 15:57:42',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '34'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '17224',
			'article_category_id' => '218',
			'title' => 'Commercial Banks to Slash Interest Rates on Deposits and Lending From March 15 ',
			'sub_title' => '',
			'summary' => 'Commercial banks have decided to slash interest rates for the next month of Chaitra(mid-March to mid-April).  A meeting of the Nepal Bankers’ Association held on Thursday took the decision to cut the interest rates on deposits and lending for the next month. ',
			'content' => '<p><span style="font-size:18px">March 9: Commercial banks have decided to slash interest rates for the next month of Chaitra(mid-March to mid-April).&nbsp; A meeting of the Nepal Bankers&rsquo; Association held on Thursday took the decision to cut the interest rates on deposits and lending for the next month.&nbsp;</span></p>

<p><span style="font-size:18px">As per the NBA&rsquo;s decision, the interest rate on deposits will be slashed by 0.4 percent, while one percent premium rate will be trimmed on lending starting from March 15.&nbsp;</span></p>

<p><span style="font-size:18px">Nepal Bankers&rsquo; Association Chairman Sunil KC said that the umbrella organization was working to reduce the interest rate on credit flow gradually.&nbsp; </span></p>

<p><span style="font-size:18px">Banks have been adding&nbsp;up to six per cent premium in the base rate at the moment. With the reduction of premium rate by one percent, banks can add up to five percent premium on the base rate from March 15 onwards.&nbsp;</span></p>

<p><span style="font-size:18px">Similarly, banks will provide interest from 6 to 8 percent in normal savings. &nbsp;Earlier, they were providing interest from 6.42 to 8.42 percent in normal savings.&nbsp;</span></p>

<p><span style="font-size:18px">Banks, however, have kept the interest rates on fixed deposits unchanged. Banks have been offering 11 per cent interest on individual fixed deposits. Likewise, they have determined 9 percent and 12 percent interest rates on institutional and remittance accounts respectively.&nbsp;</span></p>

<p><span style="font-size:18px">Industrialists, entrepreneurs and representatives of banks and financial institutions have been demanding for the reduction of the&nbsp;interest rates. Following pressure from all sides, NBA decided&nbsp;to trim the interest rates marginally.&nbsp;</span><br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-03-09',
			'modified' => '2023-03-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16962',
			'image' => '20230309041309_collage - 2023-03-09T161021.974.jpg',
			'article_date' => '2023-03-09 16:07:41',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '42'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '17185',
			'article_category_id' => '218',
			'title' => 'NRB Forms High-Level Committee to Study Problems in Microfinance Companies ',
			'sub_title' => '',
			'summary' => 'Nepal Rastra Bank has constituted a high-level committee to study problems seen in microfinance companies in the country. ',
			'content' => '<p><br />
<br />
<span style="font-size:18px">March 6: Nepal Rastra Bank has constituted a high-level committee to study problems seen in microfinance companies in the country.&nbsp;</span></p>

<p><span style="font-size:18px">Microfinance companies have been facing allegations of charging exorbitant interest and behaving badly with customers for the past a few months.&nbsp;</span></p>

<p><span style="font-size:18px">Microfinance companies, however, deny such allegations and claim that some loan shark groups used to issuing credit on meter interest have spread rumour.&nbsp;</span></p>

<p><span style="font-size:18px">&ldquo;NRB has constituted the high-level committee to carry out study on microfinance companies&rsquo; current situation and their contribution to economy,&rdquo; said a source at NRB.</span></p>

<p><span style="font-size:18px">The committee headed by Executive Director Prakash Kumar Shrestha of NRB Research Department has seven members. Committee members include Nepal Microfinance Banker&rsquo;s Association&rsquo;s chairman, two independent experts and four high-level officers from Nepal Rastra Bank.</span></p>

<p><span style="font-size:18px">The committee will submit its report within six months. Microfinance companies have been in the forefront to enhance income of backward and low-income families across the country.&nbsp;</span></p>

<p><span style="font-size:18px">Since the government does not have set indicators to check microfinance companies&rsquo; contribution for poverty alleviation, it has been difficult to determine their role for poverty alleviation in Nepal.</span></p>

<p><br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-03-06',
			'modified' => '2023-03-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16923',
			'image' => '20230306063604_collage (14).jpg',
			'article_date' => '2023-03-06 06:33:54',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '42'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '17183',
			'article_category_id' => '218',
			'title' => 'Government Serious About  Problems Seen In Banks And Microfinances, Says PM Dahal',
			'sub_title' => '',
			'summary' => 'Prime Minister Pushpa Kamal Dahal on Sunday said his government has taken the problems facing the banks and financial institutions seriously and pledged to address them at the earliest.',
			'content' => '<p>&nbsp;</p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">March 5: Prime Minister Pushpa Kamal Dahal on Sunday said his government has taken the problems facing the banks and financial institutions seriously and pledged to address them at the earliest.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">At the meeting held in the Office of Prime Minister and Council of Ministers to identify and resolve the problems facing banks and financial institutions on Sunday, Prime Minister Dahal said that his government had taken various financial issues, including hefty interest rate of the banks, problems seen in microfinance, businessmen&rsquo;s concerns and some elements trying to create financial anarchy, very seriously and was&nbsp;reday to resolve them as early as possible.&nbsp;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;Businessmen are complaining about interest rates, media are reporting problems seen in microfinance and some people are trying to fish in the murky water by trying to spark financial chaos,&rdquo; Dahal added.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Saying that country&rsquo;s financial condition was in a difficult position, Dahal reminded&nbsp;that his government had decided to solve the financial problems through the joint efforts of the private and government&nbsp;sectors.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Nepal Rastra Bank&rsquo;s Governor Maha Prasad Adhikari made a brief presentation on the current financial condition and claimed that the country&rsquo;s economy was moving in the positive direction.&nbsp;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Government Chief Secretary, Secretary of the Ministry of Finance, NRB Governor, representatives of Federation of Nepalese Chamber of Commerce and Industries (FNCCI), and representatives of various businesses and bankers&rsquo; associations were present at the meeting. </span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2023-03-05',
			'modified' => '2023-03-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16921',
			'image' => '20230305055421_collage - 2023-03-05T170047.366.jpg',
			'article_date' => '2023-03-05 17:48:57',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '42'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '17115',
			'article_category_id' => '218',
			'title' => 'Himalayan and Civil Bank Limited Commence Joint Operation From Friday ',
			'sub_title' => '',
			'summary' => 'Himalayan Bank Limited has successfully acquired Civil Bank Limited. After the acquisition, the two entities have started the joint operation from February 24,2023(Friday).',
			'content' => '<p>&nbsp;</p>

<p><span style="font-size:18px">February 24: Himalayan Bank Limited has successfully acquired Civil Bank Limited. After the acquisition, the two entities have started joint operation from February 24,2023(Friday).</span></p>

<p><span style="font-size:18px">Following the acquisition, the transaction will be carried out under &ldquo;Himalayan Bank Limited&rdquo;. Ashok Shumsher Rana is the Chief Executive Officer(CEO) of the bank.</span></p>

<p><span style="font-size:18px">Earlier, both the banks had reached a preliminary agreement to for acquisition on Ashad 29, 2079 BS.&nbsp;<br />
After the acquisition, the Himalayan Bank &lsquo;s total paid-up capital has reached Rs 34 billion. Likewise, total deposits have reached Rs 274 billion and total loans Rs 250 billion. The total branch network of the bank has reached 189.</span></p>

<p><span style="font-size:18px">Speaking at the inaugural ceremony of the joint transaction of the Himalayan and Civil Bank, CEO Ashok Shumsher Rana said that bank ranked in the seventh and sixth positions in terms of deposits and lending respectively.&nbsp;</span><br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-02-24',
			'modified' => '2023-02-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16853',
			'image' => '20230224045641_collage - 2023-02-24T165844.126.jpg',
			'article_date' => '2023-02-24 16:51:15',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '42'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '17064',
			'article_category_id' => '218',
			'title' => 'Govind Gurung Appointed CEO of Agricultural Development Bank',
			'sub_title' => '',
			'summary' => 'Govind Gurung has been appointed as the Chief Executive Officer (CEO) of Agricultural Development Bank. The meeting of the Board of Directors has appointed Gurung for next four-year term.',
			'content' => '<p>&nbsp;</p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">February 19: Govind Gurung has been appointed as the Chief Executive Officer (CEO) of Agricultural Development Bank. The meeting of the Board of Directors has appointed Gurung for next four-year term. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">As many as 22 individuals had applied for the post of ADBL&rsquo;s CEO. Out of them, five were shortlisted for the coveted post. Along with Gurung, Pratap Subedi, Yagya Prakash Nupane, Badri Gurgai and Bishnu Dev Yadav were shortlisted for the CEO&rsquo;s post.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Interview of the five shortlisted candidates took place on Saturday. Gurung was selected for the top job of the Agricultural Development Bank from the interview. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Gurung had served as the Chief Executive Officer of the Civil Bank Limited. He had also worked as Chief Executive Officer of Myanmar Citizens Bank in Myanmar for one and a half years. </span></span><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Gurung has 26 years&rsquo; experience of working in the different commercial banks. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Gurung has completed Master of Business Administration (MBA) from Nepal Commerce Campus under Tribhuvan University. He had started his banking career from Himalayan Bank Limited.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Gurung will take charge of the Agricultural Development Bank from Monday. The post of the Chief Executive Officer was vacant after erstwhile CEO Anil Kumar Upadhayay&rsquo;s tenure came to an end.</span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2023-02-19',
			'modified' => '2023-02-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16803',
			'image' => '20230219042456_collage - 2023-02-19T155028.444.jpg',
			'article_date' => '2023-02-19 16:21:30',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '42'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '16986',
			'article_category_id' => '218',
			'title' => 'Easing Liquidity Will Have Positive Impact on Stock Market: NRB  ',
			'sub_title' => '',
			'summary' => 'Nepal Rastra Bank has said that increasing liquidity in the banking system will help improve stock market in the days to come. ',
			'content' => '<p><br />
<span style="font-size:18px">February 10: Nepal Rastra Bank has said that the rising liquidity&nbsp;in the banking system will help improve stock market in the days to come.&nbsp;</span></p>

<p><span style="font-size:18px">At a press meet organised after the half-yearly review of monetary policy of the current fiscal year 2022/23 published by Nepal Rastra Bank on Friday, NRB&rsquo;s Executive Director Prakash Kumar Shrestha said liquidity was easing in the banking system and it would have a positive impact on the share market.&nbsp;</span></p>

<p><span style="font-size:18px">&ldquo;With the rise of deposits in the banking system, liquidity is becoming comfortable. This will have the positive effect on the stock market,&rdquo; Shrestha added.&nbsp;</span></p>

<p><span style="font-size:18px">Stating that the Nepal Rastra Bank&rsquo;s current priority was to maintain the country&rsquo;s financial stability, Director Shrestha held that half-yearly review of the monetary policy had kept the policy-level provisions unchanged for the same.</span><br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-02-10',
			'modified' => '2023-02-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16725',
			'image' => '20230210041632_collage - 2023-02-10T160337.889.jpg',
			'article_date' => '2023-02-10 16:07:04',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '42'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '16919',
			'article_category_id' => '218',
			'title' => 'Dinesh Kumar Pokhrel appointed CEO of Saptakoshi Development Bank ',
			'sub_title' => '',
			'summary' => ' Saptakoshi Development Bank has appointed Dinesh Kumar Pokhrel  as  its Chief Executive Officer(CEO).',
			'content' => '<p>February 3: Saptakoshi Development Bank has appointed Dinesh Kumar Pokhrel &nbsp;as &nbsp;its Chief Executive Officer(CEO). The meeting of the Board of Directors held on January 22 decided to appoint Pokhrel to the post of CEO.</p>

<p>The decision came to this effect from January 23. Pokhrel has been appointed for four-year term.&nbsp;<br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-02-03',
			'modified' => '2023-02-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16658',
			'image' => '20230203034214_collage - 2023-02-03T154037.455.jpg',
			'article_date' => '2023-02-03 15:35:12',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '42'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '16915',
			'article_category_id' => '218',
			'title' => 'Government, NRB Positive to Remove Rs 120 millions'  Threshold on Margin Lending ',
			'sub_title' => '',
			'summary' => 'Nepal government and Nepal Rastra Bank seem positive to remove the upper limit of Rs 120 million on loan against shares. In the fiscal year 2078/79, Nepal Rastra Bank(NRB) had tightened loans against shares by introducing the credit limit of 40/120 millions. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">February 3:&nbsp; Nepal government and Nepal Rastra Bank seem positive to remove the upper limit of Rs 120 million on loan against shares.&nbsp;</span></span><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In the fiscal year 2078/79, Nepal Rastra Bank(NRB) had tightened loans against shares by introducing the credit limit of Rs 40/120 millions.&nbsp;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In the current fiscal year, the central bank had removed the limit of Rs 40 million on credit against shares. However, the central bank had kept the upper threshold on the margin loan unchanged.&nbsp;</span></span><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The central bank&rsquo;s policy of Rs 40/120 million credit threshold against the shares had put the share market &nbsp;in crisis.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">At a programme organized by Economic Media Operators&rsquo; Association in Kathmandu on Thursday, Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel and NRB Governor Maha Prasad Adhikari indicated that upper slab for margin credit might be removed.&nbsp;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Poudel informed that Ministry of Finance, Nepal Rastra Bank and stakeholders could meet and discuss to find out&nbsp;a solution to 120 million slabs for the loans against shares.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;NRB Governor is positive to figure out solutions to the state of&nbsp; liquidity, interest rates and a slab of Rs 120 million lending on shares,&rdquo;&nbsp;Poudel said. He, however, added that the government could not dictate the central bank to change interest rates as it is an independent institution.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">NRB governor Maha Prasad Adhikari said that temporary financial instruments used by the central bank for financial stability were being removed keeping in view the latest state of liquidity in the market.&nbsp;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;Nepal Rastra Bank&rsquo;s policies are clear and they will be changed in accordance with financial indicators,&rdquo; Adhikari stated. He held that Rastra Bank had tightened loans against shares, polices on the import, among others, to avert the possible financial crisis in the country.&nbsp;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">NRB, through its Monetary Policy of 2021/22, had capped loans to up to Rs 40 million from a single bank or financial institution and the total limit for a borrower at Rs 120 million from different banks and financial institutions. In the current fiscal year, the central bank removed the lower limit on loans against shares.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&nbsp;</span></span></p>
',
			'published' => true,
			'created' => '2023-02-03',
			'modified' => '2023-02-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16654',
			'image' => '20230203072628_collage (100).jpg',
			'article_date' => '2023-02-03 07:17:19',
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		'Article' => array(
			'id' => '16914',
			'article_category_id' => '218',
			'title' => 'Ganesh Raj Pokharel Re-appointed as CEO of Citizens Bank International ',
			'sub_title' => '',
			'summary' => ' Ganesh Raj Pokharel has been reappointed as Chief Executive Officer of Citizens Bank International Limited.  ',
			'content' => '<p>&nbsp;</p>

<p>January 12: Ganesh Raj Pokharel has been reappointed as Chief Executive Officer of Citizens Bank International Limited. &nbsp;<br />
The meeting of the Board of Directors held on February decided to reappoint Pokharel to the CEO for another four-year term. The decision will come into effect from March 1.&nbsp;</p>

<p>Pokharel holds an Executive MBA degree in Finance from Kathmandu University and an MBA (Marketing) and BL (Banking) degrees from Tribhuvan University. He is a professional banker with more than 28 years of experience.&nbsp;<br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-02-02',
			'modified' => '2023-02-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16653',
			'image' => '20230202045847_collage (99).jpg',
			'article_date' => '2023-02-02 16:55:43',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
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	(int) 13 => array(
		'Article' => array(
			'id' => '16880',
			'article_category_id' => '218',
			'title' => 'Assets Under Management of NIBL Ace Capital Reaches Rs 4 Billion',
			'sub_title' => '',
			'summary' => 'January 29:  The Assets Under Management (AUM) of NIBL Ace Capital Limited, one of the leading merchant banking and Investment banking company, has reached the size of Rs 4 billion.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">January 29:&nbsp; The Assets Under Management (AUM) of NIBL Ace Capital Limited, one of the leading merchant banking and Investment banking company, has reached the size of Rs 4 billion.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Issuing a statement, the company said it has been successful in achieving this milestone of Rs 4 billion AUM as a result of trust shown by the customers towards the service company.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The company said it is committed to develop Portfolio Management Service (PMS) as a more sophisticated, technology-friendly, and profit generating service in the future with the support, cooperation, goodwill and trust of customers.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to NIBL Ace Capital Limited, PMS is one of these profitable service which has helped many people achieve their goals at best with a well-conceived balance of risk and return.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The merchant banking business at NIBL Ace Capital is structured around three distinct groups of businesses which include PMS, capital advisory and debt funding, both in Nepal and globally, in addition to its investment banking activities, added the statement. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">As of now there are more than 1100 &lsquo;satisfied&rsquo; customers associated with the PMS and along with this customer base, the size of Asset Under Management (AUM) has now reached to Rs 4 billion, the company further said.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;PMS is a professional service where qualified and experienced portfolio managers construct an efficient portfolio backed with research recommendations. The operation of portfolio is completely administered by the portfolio managers on behalf of their clients. This product aims to create an investment opportunity for all clients associated with the service.&rdquo;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Since the inception of PMS service, NIBL Ace Capital said it has been providing discretionary and non-discretionary PMS services to its customers.</span></span></p>

<p>&nbsp;</p>
',
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			'created' => '2023-01-29',
			'modified' => '2023-01-29',
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			'sortorder' => '16619',
			'image' => '20230129035158_NIBL-Ace-Capital_PMS-4-Arab_Eng.jpg',
			'article_date' => '2023-01-29 15:50:57',
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		'Article' => array(
			'id' => '16864',
			'article_category_id' => '218',
			'title' => 'Prabhu Bank Reappoints Sherchan as CEO for Third-Term ',
			'sub_title' => '',
			'summary' => 'Prabhu Bank Limited has reappointed Ashok Serchan as its Chief Executive Officer.',
			'content' => '<p><span style="font-size:18px">January 27: Prabhu Bank Limited has reappointed Ashok Serchan as its Chief Executive Officer for a&nbsp;third-term.</span></p>

<p><span style="font-size:18px">The meeting of the Board of Directors held on January 26 decided to reappoint Sherchan as the CEO for the third-term. </span></p>

<p><span style="font-size:18px">The decision will come into effect from January 29. &ldquo;Mr Sherchan has been reappointed as the&nbsp;CEO for another four-year term&rdquo;, the bank said.&nbsp;Sherchan has already served as the bank&rsquo;s CEO for two-terms.&nbsp;</span><br />
&nbsp;</p>
',
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			'created' => '2023-01-27',
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			'sortorder' => '16603',
			'image' => '20230127044012_collage (93).jpg',
			'article_date' => '2023-01-27 16:35:59',
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			'breaking_news' => false,
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FOREX

Currency	Unit	Buy	Sell
U.S. Dollar	1	121.23	121.83
European Euro	1	131.65	132.31
UK Pound Sterling	1	142.47	143.18
Swiss Franc	1	124.29	124.90
Australian Dollar	1	71.69	72.05
Canadian Dollar	1	83.90	84.32
Japanese Yen	10	10.94	11.00
Chinese Yuan	1	17.17	17.26
Saudi Arabian Riyal	1	32.27	32.43
UAE Dirham	1	33.01	33.17
Malaysian Ringgit	1	27.36	27.50
South Korean Won	100	9.77	9.82

Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)

Bullion

Fine Gold	1 tola	77000.00
Tejabi Gold	1 tola	76700.00
Silver	1 tola	720.00

Update : 2020-03-25

Source: Federation of Nepal Gold and Silver Dealers' Association

Petroleum

Petrol	1 Liter	106.00
Diesel	1 Liter	95.00
Kerosene	1 Liter	95.00
LP Gas	1 Cylinder	1375.00