Merger Proposal of Business Universal and Siddhartha Got Endorsed
Merger Proposal of Business Universal and Siddhartha Got Endorsed
  0   1 minutes 1 seconds to read

April 25: Siddhartha Bank has conducted its Special General Meeting (SGM) on April 23 in Kathmandu. “The SGM has endorsed the proposal of Executive Committee to merge Business Universal Development Bank into Siddhartha Bank,” informs the bank in a press statement. On the occasion of SGM, the bank informed that the joint transactions of the merged entity will be started in the name of Siddhartha Bank after getting the final approval from Nepal Rastra Bank for the merger. According to the bank, the two banks have agreed on the swap ratio of 115 units per 100 share of Siddhartha Bank and 64 units per 100 share of Business Universal for the…

China Southern Airlines Resumes Operation
China Southern Airlines Resumes Operation
  0   21 minutes 20 seconds to read

April 25: China Southern Airline (CSAIR) is going to resume its flight operation in Nepal. CSAIR has informed, in its press release, that it is going to operate flights Guangzhou-Kathmandu-Guangzhou from 26 April. CSAIR will be operating 3 flights a week and soon plans to increase their flights to 7 flights a weeks to 14 flights a week. The company had discontinued the flights operation due to fuel crisis in Nepal from 29…

Sanima Bank Earned Rs 670 Million Net Profit
Sanima Bank Earned Rs 670 Million Net Profit
  0   28 seconds to read

April 25: The net profit of Sanima Bank has increased by 58.41 percent to Rs 670.4 million in the third quarter of current fiscal year. The operating profit and net interest income of the bank has increased by 55.95 percent and 47 percent respectively. The bank’s net profit has increased as a result of recovering bad debt of Rs 16.9 million during the last FY. Similarly, interest income of the bank has increased by 28.71 percent to Rs 2.33 billion while its interest expenses has increased by 13.46 percent to Rs 1.12 billion.…

Net Profit of Professional Diyalo Increases 55%
Net Profit of Professional Diyalo Increases 55%
  0   21 seconds to read

April 25: As of the third quarter financial report of Professional Diyalo Development Bank, net profit of the bank has increased by 55 percent. Similarly, operating profit of the bank has increased by 54.85 percent and net interest income has increased by 22.26 percent. The fixed asset of the bank has increased by 22.70 percent to Rs 16.4 million and other asset has increased by 30.12 percent to Rs 18 million.…

Operating Profit of Bhargav Bank Increases 75%
Operating Profit of Bhargav Bank Increases 75%
  0   28 seconds to read

April 25: The operating profit of Bhargav Development Bank has increased by 75 percent to Rs 26.5 million in the third quarter of current fiscal year. Net profit of the bank, however, has decreased by 14 percent to Rs 16.8 million. Decrease in net profit of the bank can be accredited to increase in provision for possible losses by 75 percent. Meanwhile, reserve fund of the bank has increased by six percent while investment has decreased by 31 percent. Bank has capital fund expenditure of 6.37 percent and capital fund adequacy of 12 percent.…

New Tata Showroom Opens at Nepalgunj
  1   53 seconds to read

April 24: Tata Motors and Sipradi Trading launched a new showroom B.N Automobiles at Nepaljung. The showroom located in Manikapur of Nepalgunj will provide superior customer experience, according to a press statement by the Sipradi Trading. “It will showcase all range of Tata Motors passenger vehicles,” informs the company, adding, “With the launch of this exciting showroom, Tata Motors will further penetrate deeper in the…

Panchakanya Group’s Initiative to make Footpaths Greener
Panchakanya Group’s Initiative to make Footpaths Greener
  0   36 seconds to read

Panchakanya Group has started a campaign to make the footpaths of Kathmandu Valley Greener. Marking the occasion of the World Earth Day, the Group in association with Kathmandu Metropolitan City began the project under its corporate social responsibility. Vice President of Panchakanya Group, Dhruv Kumar Shrestha and Rudra Singh Tamang, Executive Officer of Kathmandu Metropolitan City jointly inaugurated the…

Sunrise Bank’s New Year Calendar
Sunrise Bank’s New Year Calendar
  0   41 seconds to read

Sunrise Bank has unveiled its calendar for the New Year 2073 amid a program on April 22. The bank has published pictures drawn by the students studying in different schools from grade one to six in its calendar. On the occasion of the calendar launch, Directors of the bank, Er Bachh Raj Tater, Dr Deepak Prasad Bhattarai, Deepak Nepal, Jyoti Kumar Begani and CEO of the bank Ratna Raj Bajracharya handed over cash and food items to the students as an inspiration for learning.…

Ale Becomes PATA Personality of The Year
Ale Becomes PATA Personality of The Year
  0   51 seconds to read

Tourism entrepreneur Megh Ale has been announced Pacific Asia Travel Association- Personality of the Year 2016. He was awarded the title on the 40th anniversary of PATA amid an event held on Kathmandu. He has contributed in rafting, Buddhist tourism and water conservation. Leaders of political parties, PATA officials and tourism entrepreneurs were present in the…

Stricter Financial Laws in Coming Days: NRB Governor
Stricter Financial Laws in Coming Days: NRB Governor
  0   1 minutes 35 seconds to read

April 24: Nepal Rastra Bank’s Governor, Dr. Chiranjibi Nepal has said that Nepal’s financial laws will be made stricter in coming days. He says, “Financial sectors are mobilised as per international standard thus, its regulations will be made tougher. Therefore, banks and financial institutions should adopt timely…

Benelli Arrives in Nepal
Benelli Arrives in Nepal
  0   1 minutes 16 seconds to read

April 24: KTM International Trading, authorized distributor of Italian two-wheeler company Benelli, has launched four new models of Benelli two-wheelers amid a program on April 23. The company has unveiled Benelli TNT25, TNT300, TNT600 and Gengero 150 scooter in Nepali…

2nd Credit Rating Agency in the Offing
2nd Credit Rating Agency in the Offing
  1   2 minutes 17 seconds to read

April 22: The Nepal Rating Agency Company (NRA) has submitted an application in the Securities Board of Nepal (SEBON) seeking approval to operate as a credit rating agency on Thursday. If SEBON grants the permission, it will be the second company to be established as credit rating agency in the…

Dish Home’s New Year Discount Offer
Dish Home’s New Year Discount Offer
  0   40 seconds to read

April 22: Nepali digital service provider DishHome has announced a New Year scheme offering discount of Rs 3,000 to its new customers. As per the scheme, the customers can purchase DishHome HD connection by paying Rs 2,999 that includes Hybrid Set-Top Box for…

TCL’s Cash Back Offer
TCL’s Cash Back Offer
  0   1 minutes 2 seconds to read

April 22: EOI, the authorized distributor of TCL electronic appliances for Nepal has come up with a new cash discount scheme. On the occasion on the New Year 2073, the company is offering ‘Insta Cash Back Offer’ under which customers can have cash discounts up to Rs 25,000 on the purchase of TCL products such as LED TVs, washing machines and chest freezers. “The discounts are given on the spot and the consumers can avail it on all ranges of LED TVs, washing machines and chest freezers,” reads a statement by the company. Likewise, the company is providing free installation on purchase of air…

New Bhatbhateni Store at Chitwan
New Bhatbhateni Store at Chitwan
  13   43 seconds to read

Bhatbhateni Supermarket is opening its 12th branch at Bharatpur of Chitwan. The new store of the supermarket and departmental chain in Chitwan will start its operations from Saturday. Bhatbhateni already has 11 branches, nine in Kathmandu and one each in Pokhara and…