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<strong>Ahluwalia new CEO of Everest Bank</strong><br />
<br />
AK Ahluwalia has been appointed the CEO of Everest Bank. According to a press statement, Ahluwalia assumed office on July 1. “Ahluwalia has more than 32 years of banking experience at Punjab National Bank India and has held the post of deputy general manager in parent organization,” the statement said. Ahluwalia has key expertise in credit and recovery.<br />
<br />
<strong><img alt="nbdbank" src="/userfiles/images/NMB.jpg" style="width: 220px; height: 73px; margin: 10px;" /><br />
<br />
NMB Sulav Investment Fund-I Coming</strong><br />
<br />
NMB Bank is bringing ‘NMB Sulav Investment Fund-I’ in first quarter of the coming Nepali fiscal year. The Rs 60 million fund is closed-end are with five years maturity period. The bank is going to invest 60 percent of the fund on shares and 40 percent on debentures. The unit holders are promised 12 percent annual return. NMB Capital Limited has been appointed as the issue manager of the fund.<br />
<br />
<br />
<br />
<img alt="banijya" src="/userfiles/images/banijya.jpg" style="width: 203px; height: 78px; margin: 10px;" /><br />
<strong>RBB Dullu Branch Reinstated</strong><br />
<br />
Rastriya Banijya Bank reinstated its Dullu Branch on Tuesday (July 9). The branch was inaugurated by Nepalgunj Regional Office Chief Bir Banahur Chand.<br />
<br />
<br />
<br />
<img alt="ndep" src="/userfiles/images/NDEP.jpg" style="width: 128px; height: 112px; margin: 10px;" /><br />
<br />
<img alt="hama" src="/userfiles/images/HAMA.jpg" style="margin: 10px; width: 197px; height: 72px;" /><br />
<strong>NDEP Hama Merger Cancelled</strong><br />
<br />
The merger process between Hama Merchant and Finance Ltd and NDEP Development Bank has been cancelled. The reason for the decision is to open the path to merge both of these BFIs with Prabhu Finance, says the sources. To further strengthen capital position and consolidate its presence on the market, Prabhu Finance has simultaneously initiated merger talks with NDEP Development Bank and Hama Merchant Bank.<br />
<br />
<img alt="Hama Merchant Finance" src="/userfiles/images/NepalBank.jpg" style="width: 147px; height: 119px; margin: 10px;" /><br />
<br />
<strong>NBL Right Shares Undersubscribed</strong><br />
<br />
The rights shares issued by Nepal Bank has fallen 8 percent short of being fully subscribed as the money collected by the end of closing day was only 92 percent of the total issue. As per a press statement, the bank will sell the remaining shares in a manner prescribed in the law. The bank got Rs 1.40 billion worth of applications for the rights shares from the government alone, which has 38.6 percent stake in the bank. Likewise, it collected Rs 1.93 billion from other shareholders who own 61.4 percent stake in the bank. The total collection from this rights issue stands at Rs 3.33 billion.<br />
<br />
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<strong>Ahluwalia new CEO of Everest Bank</strong><br />
<br />
AK Ahluwalia has been appointed the CEO of Everest Bank. According to a press statement, Ahluwalia assumed office on July 1. “Ahluwalia has more than 32 years of banking experience at Punjab National Bank India and has held the post of deputy general manager in parent organization,” the statement said. Ahluwalia has key expertise in credit and recovery.<br />
<br />
<strong><img alt="nbdbank" src="/userfiles/images/NMB.jpg" style="width: 220px; height: 73px; margin: 10px;" /><br />
<br />
NMB Sulav Investment Fund-I Coming</strong><br />
<br />
NMB Bank is bringing ‘NMB Sulav Investment Fund-I’ in first quarter of the coming Nepali fiscal year. The Rs 60 million fund is closed-end are with five years maturity period. The bank is going to invest 60 percent of the fund on shares and 40 percent on debentures. The unit holders are promised 12 percent annual return. NMB Capital Limited has been appointed as the issue manager of the fund.<br />
<br />
<br />
<br />
<img alt="banijya" src="/userfiles/images/banijya.jpg" style="width: 203px; height: 78px; margin: 10px;" /><br />
<strong>RBB Dullu Branch Reinstated</strong><br />
<br />
Rastriya Banijya Bank reinstated its Dullu Branch on Tuesday (July 9). The branch was inaugurated by Nepalgunj Regional Office Chief Bir Banahur Chand.<br />
<br />
<br />
<br />
<img alt="ndep" src="/userfiles/images/NDEP.jpg" style="width: 128px; height: 112px; margin: 10px;" /><br />
<br />
<img alt="hama" src="/userfiles/images/HAMA.jpg" style="margin: 10px; width: 197px; height: 72px;" /><br />
<strong>NDEP Hama Merger Cancelled</strong><br />
<br />
The merger process between Hama Merchant and Finance Ltd and NDEP Development Bank has been cancelled. The reason for the decision is to open the path to merge both of these BFIs with Prabhu Finance, says the sources. To further strengthen capital position and consolidate its presence on the market, Prabhu Finance has simultaneously initiated merger talks with NDEP Development Bank and Hama Merchant Bank.<br />
<br />
<img alt="Hama Merchant Finance" src="/userfiles/images/NepalBank.jpg" style="width: 147px; height: 119px; margin: 10px;" /><br />
<br />
<strong>NBL Right Shares Undersubscribed</strong><br />
<br />
The rights shares issued by Nepal Bank has fallen 8 percent short of being fully subscribed as the money collected by the end of closing day was only 92 percent of the total issue. As per a press statement, the bank will sell the remaining shares in a manner prescribed in the law. The bank got Rs 1.40 billion worth of applications for the rights shares from the government alone, which has 38.6 percent stake in the bank. Likewise, it collected Rs 1.93 billion from other shareholders who own 61.4 percent stake in the bank. The total collection from this rights issue stands at Rs 3.33 billion.<br />
<br />
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<strong>Ahluwalia new CEO of Everest Bank</strong><br />
<br />
AK Ahluwalia has been appointed the CEO of Everest Bank. According to a press statement, Ahluwalia assumed office on July 1. “Ahluwalia has more than 32 years of banking experience at Punjab National Bank India and has held the post of deputy general manager in parent organization,” the statement said. Ahluwalia has key expertise in credit and recovery.<br />
<br />
<strong><img alt="nbdbank" src="/userfiles/images/NMB.jpg" style="width: 220px; height: 73px; margin: 10px;" /><br />
<br />
NMB Sulav Investment Fund-I Coming</strong><br />
<br />
NMB Bank is bringing ‘NMB Sulav Investment Fund-I’ in first quarter of the coming Nepali fiscal year. The Rs 60 million fund is closed-end are with five years maturity period. The bank is going to invest 60 percent of the fund on shares and 40 percent on debentures. The unit holders are promised 12 percent annual return. NMB Capital Limited has been appointed as the issue manager of the fund.<br />
<br />
<br />
<br />
<img alt="banijya" src="/userfiles/images/banijya.jpg" style="width: 203px; height: 78px; margin: 10px;" /><br />
<strong>RBB Dullu Branch Reinstated</strong><br />
<br />
Rastriya Banijya Bank reinstated its Dullu Branch on Tuesday (July 9). The branch was inaugurated by Nepalgunj Regional Office Chief Bir Banahur Chand.<br />
<br />
<br />
<br />
<img alt="ndep" src="/userfiles/images/NDEP.jpg" style="width: 128px; height: 112px; margin: 10px;" /><br />
<br />
<img alt="hama" src="/userfiles/images/HAMA.jpg" style="margin: 10px; width: 197px; height: 72px;" /><br />
<strong>NDEP Hama Merger Cancelled</strong><br />
<br />
The merger process between Hama Merchant and Finance Ltd and NDEP Development Bank has been cancelled. The reason for the decision is to open the path to merge both of these BFIs with Prabhu Finance, says the sources. To further strengthen capital position and consolidate its presence on the market, Prabhu Finance has simultaneously initiated merger talks with NDEP Development Bank and Hama Merchant Bank.<br />
<br />
<img alt="Hama Merchant Finance" src="/userfiles/images/NepalBank.jpg" style="width: 147px; height: 119px; margin: 10px;" /><br />
<br />
<strong>NBL Right Shares Undersubscribed</strong><br />
<br />
The rights shares issued by Nepal Bank has fallen 8 percent short of being fully subscribed as the money collected by the end of closing day was only 92 percent of the total issue. As per a press statement, the bank will sell the remaining shares in a manner prescribed in the law. The bank got Rs 1.40 billion worth of applications for the rights shares from the government alone, which has 38.6 percent stake in the bank. Likewise, it collected Rs 1.93 billion from other shareholders who own 61.4 percent stake in the bank. The total collection from this rights issue stands at Rs 3.33 billion.<br />
<br />
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<strong>Ahluwalia new CEO of Everest Bank</strong><br />
<br />
AK Ahluwalia has been appointed the CEO of Everest Bank. According to a press statement, Ahluwalia assumed office on July 1. “Ahluwalia has more than 32 years of banking experience at Punjab National Bank India and has held the post of deputy general manager in parent organization,” the statement said. Ahluwalia has key expertise in credit and recovery.<br />
<br />
<strong><img alt="nbdbank" src="/userfiles/images/NMB.jpg" style="width: 220px; height: 73px; margin: 10px;" /><br />
<br />
NMB Sulav Investment Fund-I Coming</strong><br />
<br />
NMB Bank is bringing ‘NMB Sulav Investment Fund-I’ in first quarter of the coming Nepali fiscal year. The Rs 60 million fund is closed-end are with five years maturity period. The bank is going to invest 60 percent of the fund on shares and 40 percent on debentures. The unit holders are promised 12 percent annual return. NMB Capital Limited has been appointed as the issue manager of the fund.<br />
<br />
<br />
<br />
<img alt="banijya" src="/userfiles/images/banijya.jpg" style="width: 203px; height: 78px; margin: 10px;" /><br />
<strong>RBB Dullu Branch Reinstated</strong><br />
<br />
Rastriya Banijya Bank reinstated its Dullu Branch on Tuesday (July 9). The branch was inaugurated by Nepalgunj Regional Office Chief Bir Banahur Chand.<br />
<br />
<br />
<br />
<img alt="ndep" src="/userfiles/images/NDEP.jpg" style="width: 128px; height: 112px; margin: 10px;" /><br />
<br />
<img alt="hama" src="/userfiles/images/HAMA.jpg" style="margin: 10px; width: 197px; height: 72px;" /><br />
<strong>NDEP Hama Merger Cancelled</strong><br />
<br />
The merger process between Hama Merchant and Finance Ltd and NDEP Development Bank has been cancelled. The reason for the decision is to open the path to merge both of these BFIs with Prabhu Finance, says the sources. To further strengthen capital position and consolidate its presence on the market, Prabhu Finance has simultaneously initiated merger talks with NDEP Development Bank and Hama Merchant Bank.<br />
<br />
<img alt="Hama Merchant Finance" src="/userfiles/images/NepalBank.jpg" style="width: 147px; height: 119px; margin: 10px;" /><br />
<br />
<strong>NBL Right Shares Undersubscribed</strong><br />
<br />
The rights shares issued by Nepal Bank has fallen 8 percent short of being fully subscribed as the money collected by the end of closing day was only 92 percent of the total issue. As per a press statement, the bank will sell the remaining shares in a manner prescribed in the law. The bank got Rs 1.40 billion worth of applications for the rights shares from the government alone, which has 38.6 percent stake in the bank. Likewise, it collected Rs 1.93 billion from other shareholders who own 61.4 percent stake in the bank. The total collection from this rights issue stands at Rs 3.33 billion.<br />
<br />
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<strong>Ahluwalia new CEO of Everest Bank</strong><br />
<br />
AK Ahluwalia has been appointed the CEO of Everest Bank. According to a press statement, Ahluwalia assumed office on July 1. “Ahluwalia has more than 32 years of banking experience at Punjab National Bank India and has held the post of deputy general manager in parent organization,” the statement said. Ahluwalia has key expertise in credit and recovery.<br />
<br />
<strong><img alt="nbdbank" src="/userfiles/images/NMB.jpg" style="width: 220px; height: 73px; margin: 10px;" /><br />
<br />
NMB Sulav Investment Fund-I Coming</strong><br />
<br />
NMB Bank is bringing ‘NMB Sulav Investment Fund-I’ in first quarter of the coming Nepali fiscal year. The Rs 60 million fund is closed-end are with five years maturity period. The bank is going to invest 60 percent of the fund on shares and 40 percent on debentures. The unit holders are promised 12 percent annual return. NMB Capital Limited has been appointed as the issue manager of the fund.<br />
<br />
<br />
<br />
<img alt="banijya" src="/userfiles/images/banijya.jpg" style="width: 203px; height: 78px; margin: 10px;" /><br />
<strong>RBB Dullu Branch Reinstated</strong><br />
<br />
Rastriya Banijya Bank reinstated its Dullu Branch on Tuesday (July 9). The branch was inaugurated by Nepalgunj Regional Office Chief Bir Banahur Chand.<br />
<br />
<br />
<br />
<img alt="ndep" src="/userfiles/images/NDEP.jpg" style="width: 128px; height: 112px; margin: 10px;" /><br />
<br />
<img alt="hama" src="/userfiles/images/HAMA.jpg" style="margin: 10px; width: 197px; height: 72px;" /><br />
<strong>NDEP Hama Merger Cancelled</strong><br />
<br />
The merger process between Hama Merchant and Finance Ltd and NDEP Development Bank has been cancelled. The reason for the decision is to open the path to merge both of these BFIs with Prabhu Finance, says the sources. To further strengthen capital position and consolidate its presence on the market, Prabhu Finance has simultaneously initiated merger talks with NDEP Development Bank and Hama Merchant Bank.<br />
<br />
<img alt="Hama Merchant Finance" src="/userfiles/images/NepalBank.jpg" style="width: 147px; height: 119px; margin: 10px;" /><br />
<br />
<strong>NBL Right Shares Undersubscribed</strong><br />
<br />
The rights shares issued by Nepal Bank has fallen 8 percent short of being fully subscribed as the money collected by the end of closing day was only 92 percent of the total issue. As per a press statement, the bank will sell the remaining shares in a manner prescribed in the law. The bank got Rs 1.40 billion worth of applications for the rights shares from the government alone, which has 38.6 percent stake in the bank. Likewise, it collected Rs 1.93 billion from other shareholders who own 61.4 percent stake in the bank. The total collection from this rights issue stands at Rs 3.33 billion.<br />
<br />
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<strong>Ahluwalia new CEO of Everest Bank</strong><br />
<br />
AK Ahluwalia has been appointed the CEO of Everest Bank. According to a press statement, Ahluwalia assumed office on July 1. “Ahluwalia has more than 32 years of banking experience at Punjab National Bank India and has held the post of deputy general manager in parent organization,” the statement said. Ahluwalia has key expertise in credit and recovery.<br />
<br />
<strong><img alt="nbdbank" src="/userfiles/images/NMB.jpg" style="width: 220px; height: 73px; margin: 10px;" /><br />
<br />
NMB Sulav Investment Fund-I Coming</strong><br />
<br />
NMB Bank is bringing ‘NMB Sulav Investment Fund-I’ in first quarter of the coming Nepali fiscal year. The Rs 60 million fund is closed-end are with five years maturity period. The bank is going to invest 60 percent of the fund on shares and 40 percent on debentures. The unit holders are promised 12 percent annual return. NMB Capital Limited has been appointed as the issue manager of the fund.<br />
<br />
<br />
<br />
<img alt="banijya" src="/userfiles/images/banijya.jpg" style="width: 203px; height: 78px; margin: 10px;" /><br />
<strong>RBB Dullu Branch Reinstated</strong><br />
<br />
Rastriya Banijya Bank reinstated its Dullu Branch on Tuesday (July 9). The branch was inaugurated by Nepalgunj Regional Office Chief Bir Banahur Chand.<br />
<br />
<br />
<br />
<img alt="ndep" src="/userfiles/images/NDEP.jpg" style="width: 128px; height: 112px; margin: 10px;" /><br />
<br />
<img alt="hama" src="/userfiles/images/HAMA.jpg" style="margin: 10px; width: 197px; height: 72px;" /><br />
<strong>NDEP Hama Merger Cancelled</strong><br />
<br />
The merger process between Hama Merchant and Finance Ltd and NDEP Development Bank has been cancelled. The reason for the decision is to open the path to merge both of these BFIs with Prabhu Finance, says the sources. To further strengthen capital position and consolidate its presence on the market, Prabhu Finance has simultaneously initiated merger talks with NDEP Development Bank and Hama Merchant Bank.<br />
<br />
<img alt="Hama Merchant Finance" src="/userfiles/images/NepalBank.jpg" style="width: 147px; height: 119px; margin: 10px;" /><br />
<br />
<strong>NBL Right Shares Undersubscribed</strong><br />
<br />
The rights shares issued by Nepal Bank has fallen 8 percent short of being fully subscribed as the money collected by the end of closing day was only 92 percent of the total issue. As per a press statement, the bank will sell the remaining shares in a manner prescribed in the law. The bank got Rs 1.40 billion worth of applications for the rights shares from the government alone, which has 38.6 percent stake in the bank. Likewise, it collected Rs 1.93 billion from other shareholders who own 61.4 percent stake in the bank. The total collection from this rights issue stands at Rs 3.33 billion.<br />
<br />
</p>',
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AK Ahluwalia has been appointed the CEO of Everest Bank. According to a press statement, Ahluwalia assumed office on July 1. “Ahluwalia has more than 32 years of banking experience at Punjab National Bank India and has held the post of deputy general manager in parent organization,” the statement said. Ahluwalia has key expertise in credit and recovery.
NMB Sulav Investment Fund-I Coming
NMB Bank is bringing ‘NMB Sulav Investment Fund-I’ in first quarter of the coming Nepali fiscal year. The Rs 60 million fund is closed-end are with five years maturity period. The bank is going to invest 60 percent of the fund on shares and 40 percent on debentures. The unit holders are promised 12 percent annual return. NMB Capital Limited has been appointed as the issue manager of the fund.
RBB Dullu Branch Reinstated
Rastriya Banijya Bank reinstated its Dullu Branch on Tuesday (July 9). The branch was inaugurated by Nepalgunj Regional Office Chief Bir Banahur Chand.
NDEP Hama Merger Cancelled
The merger process between Hama Merchant and Finance Ltd and NDEP Development Bank has been cancelled. The reason for the decision is to open the path to merge both of these BFIs with Prabhu Finance, says the sources. To further strengthen capital position and consolidate its presence on the market, Prabhu Finance has simultaneously initiated merger talks with NDEP Development Bank and Hama Merchant Bank.
NBL Right Shares Undersubscribed
The rights shares issued by Nepal Bank has fallen 8 percent short of being fully subscribed as the money collected by the end of closing day was only 92 percent of the total issue. As per a press statement, the bank will sell the remaining shares in a manner prescribed in the law. The bank got Rs 1.40 billion worth of applications for the rights shares from the government alone, which has 38.6 percent stake in the bank. Likewise, it collected Rs 1.93 billion from other shareholders who own 61.4 percent stake in the bank. The total collection from this rights issue stands at Rs 3.33 billion.
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<strong>Ahluwalia new CEO of Everest Bank</strong><br />
<br />
AK Ahluwalia has been appointed the CEO of Everest Bank. According to a press statement, Ahluwalia assumed office on July 1. “Ahluwalia has more than 32 years of banking experience at Punjab National Bank India and has held the post of deputy general manager in parent organization,” the statement said. Ahluwalia has key expertise in credit and recovery.<br />
<br />
<strong><img alt="nbdbank" src="/userfiles/images/NMB.jpg" style="width: 220px; height: 73px; margin: 10px;" /><br />
<br />
NMB Sulav Investment Fund-I Coming</strong><br />
<br />
NMB Bank is bringing ‘NMB Sulav Investment Fund-I’ in first quarter of the coming Nepali fiscal year. The Rs 60 million fund is closed-end are with five years maturity period. The bank is going to invest 60 percent of the fund on shares and 40 percent on debentures. The unit holders are promised 12 percent annual return. NMB Capital Limited has been appointed as the issue manager of the fund.<br />
<br />
<br />
<br />
<img alt="banijya" src="/userfiles/images/banijya.jpg" style="width: 203px; height: 78px; margin: 10px;" /><br />
<strong>RBB Dullu Branch Reinstated</strong><br />
<br />
Rastriya Banijya Bank reinstated its Dullu Branch on Tuesday (July 9). The branch was inaugurated by Nepalgunj Regional Office Chief Bir Banahur Chand.<br />
<br />
<br />
<br />
<img alt="ndep" src="/userfiles/images/NDEP.jpg" style="width: 128px; height: 112px; margin: 10px;" /><br />
<br />
<img alt="hama" src="/userfiles/images/HAMA.jpg" style="margin: 10px; width: 197px; height: 72px;" /><br />
<strong>NDEP Hama Merger Cancelled</strong><br />
<br />
The merger process between Hama Merchant and Finance Ltd and NDEP Development Bank has been cancelled. The reason for the decision is to open the path to merge both of these BFIs with Prabhu Finance, says the sources. To further strengthen capital position and consolidate its presence on the market, Prabhu Finance has simultaneously initiated merger talks with NDEP Development Bank and Hama Merchant Bank.<br />
<br />
<img alt="Hama Merchant Finance" src="/userfiles/images/NepalBank.jpg" style="width: 147px; height: 119px; margin: 10px;" /><br />
<br />
<strong>NBL Right Shares Undersubscribed</strong><br />
<br />
The rights shares issued by Nepal Bank has fallen 8 percent short of being fully subscribed as the money collected by the end of closing day was only 92 percent of the total issue. As per a press statement, the bank will sell the remaining shares in a manner prescribed in the law. The bank got Rs 1.40 billion worth of applications for the rights shares from the government alone, which has 38.6 percent stake in the bank. Likewise, it collected Rs 1.93 billion from other shareholders who own 61.4 percent stake in the bank. The total collection from this rights issue stands at Rs 3.33 billion.<br />
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<strong>Ahluwalia new CEO of Everest Bank</strong><br />
<br />
AK Ahluwalia has been appointed the CEO of Everest Bank. According to a press statement, Ahluwalia assumed office on July 1. “Ahluwalia has more than 32 years of banking experience at Punjab National Bank India and has held the post of deputy general manager in parent organization,” the statement said. Ahluwalia has key expertise in credit and recovery.<br />
<br />
<strong><img alt="nbdbank" src="/userfiles/images/NMB.jpg" style="width: 220px; height: 73px; margin: 10px;" /><br />
<br />
NMB Sulav Investment Fund-I Coming</strong><br />
<br />
NMB Bank is bringing ‘NMB Sulav Investment Fund-I’ in first quarter of the coming Nepali fiscal year. The Rs 60 million fund is closed-end are with five years maturity period. The bank is going to invest 60 percent of the fund on shares and 40 percent on debentures. The unit holders are promised 12 percent annual return. NMB Capital Limited has been appointed as the issue manager of the fund.<br />
<br />
<br />
<br />
<img alt="banijya" src="/userfiles/images/banijya.jpg" style="width: 203px; height: 78px; margin: 10px;" /><br />
<strong>RBB Dullu Branch Reinstated</strong><br />
<br />
Rastriya Banijya Bank reinstated its Dullu Branch on Tuesday (July 9). The branch was inaugurated by Nepalgunj Regional Office Chief Bir Banahur Chand.<br />
<br />
<br />
<br />
<img alt="ndep" src="/userfiles/images/NDEP.jpg" style="width: 128px; height: 112px; margin: 10px;" /><br />
<br />
<img alt="hama" src="/userfiles/images/HAMA.jpg" style="margin: 10px; width: 197px; height: 72px;" /><br />
<strong>NDEP Hama Merger Cancelled</strong><br />
<br />
The merger process between Hama Merchant and Finance Ltd and NDEP Development Bank has been cancelled. The reason for the decision is to open the path to merge both of these BFIs with Prabhu Finance, says the sources. To further strengthen capital position and consolidate its presence on the market, Prabhu Finance has simultaneously initiated merger talks with NDEP Development Bank and Hama Merchant Bank.<br />
<br />
<img alt="Hama Merchant Finance" src="/userfiles/images/NepalBank.jpg" style="width: 147px; height: 119px; margin: 10px;" /><br />
<br />
<strong>NBL Right Shares Undersubscribed</strong><br />
<br />
The rights shares issued by Nepal Bank has fallen 8 percent short of being fully subscribed as the money collected by the end of closing day was only 92 percent of the total issue. As per a press statement, the bank will sell the remaining shares in a manner prescribed in the law. The bank got Rs 1.40 billion worth of applications for the rights shares from the government alone, which has 38.6 percent stake in the bank. Likewise, it collected Rs 1.93 billion from other shareholders who own 61.4 percent stake in the bank. The total collection from this rights issue stands at Rs 3.33 billion.<br />
<br />
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<strong>Ahluwalia new CEO of Everest Bank</strong><br />
<br />
AK Ahluwalia has been appointed the CEO of Everest Bank. According to a press statement, Ahluwalia assumed office on July 1. “Ahluwalia has more than 32 years of banking experience at Punjab National Bank India and has held the post of deputy general manager in parent organization,” the statement said. Ahluwalia has key expertise in credit and recovery.<br />
<br />
<strong><img alt="nbdbank" src="/userfiles/images/NMB.jpg" style="width: 220px; height: 73px; margin: 10px;" /><br />
<br />
NMB Sulav Investment Fund-I Coming</strong><br />
<br />
NMB Bank is bringing ‘NMB Sulav Investment Fund-I’ in first quarter of the coming Nepali fiscal year. The Rs 60 million fund is closed-end are with five years maturity period. The bank is going to invest 60 percent of the fund on shares and 40 percent on debentures. The unit holders are promised 12 percent annual return. NMB Capital Limited has been appointed as the issue manager of the fund.<br />
<br />
<br />
<br />
<img alt="banijya" src="/userfiles/images/banijya.jpg" style="width: 203px; height: 78px; margin: 10px;" /><br />
<strong>RBB Dullu Branch Reinstated</strong><br />
<br />
Rastriya Banijya Bank reinstated its Dullu Branch on Tuesday (July 9). The branch was inaugurated by Nepalgunj Regional Office Chief Bir Banahur Chand.<br />
<br />
<br />
<br />
<img alt="ndep" src="/userfiles/images/NDEP.jpg" style="width: 128px; height: 112px; margin: 10px;" /><br />
<br />
<img alt="hama" src="/userfiles/images/HAMA.jpg" style="margin: 10px; width: 197px; height: 72px;" /><br />
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<br />
The merger process between Hama Merchant and Finance Ltd and NDEP Development Bank has been cancelled. The reason for the decision is to open the path to merge both of these BFIs with Prabhu Finance, says the sources. To further strengthen capital position and consolidate its presence on the market, Prabhu Finance has simultaneously initiated merger talks with NDEP Development Bank and Hama Merchant Bank.<br />
<br />
<img alt="Hama Merchant Finance" src="/userfiles/images/NepalBank.jpg" style="width: 147px; height: 119px; margin: 10px;" /><br />
<br />
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<br />
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<br />
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<strong>Ahluwalia new CEO of Everest Bank</strong><br />
<br />
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<br />
<strong><img alt="nbdbank" src="/userfiles/images/NMB.jpg" style="width: 220px; height: 73px; margin: 10px;" /><br />
<br />
NMB Sulav Investment Fund-I Coming</strong><br />
<br />
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<br />
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<br />
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<br />
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<br />
<strong><img alt="nbdbank" src="/userfiles/images/NMB.jpg" style="width: 220px; height: 73px; margin: 10px;" /><br />
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NMB Sulav Investment Fund-I Coming</strong><br />
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<br />
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<br />
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<br />
<img alt="Hama Merchant Finance" src="/userfiles/images/NepalBank.jpg" style="width: 147px; height: 119px; margin: 10px;" /><br />
<br />
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<br />
<strong><img alt="nbdbank" src="/userfiles/images/NMB.jpg" style="width: 220px; height: 73px; margin: 10px;" /><br />
<br />
NMB Sulav Investment Fund-I Coming</strong><br />
<br />
NMB Bank is bringing ‘NMB Sulav Investment Fund-I’ in first quarter of the coming Nepali fiscal year. The Rs 60 million fund is closed-end are with five years maturity period. The bank is going to invest 60 percent of the fund on shares and 40 percent on debentures. The unit holders are promised 12 percent annual return. NMB Capital Limited has been appointed as the issue manager of the fund.<br />
<br />
<br />
<br />
<img alt="banijya" src="/userfiles/images/banijya.jpg" style="width: 203px; height: 78px; margin: 10px;" /><br />
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<br />
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<br />
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<br />
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<br />
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<br />
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<strong>Ahluwalia new CEO of Everest Bank</strong><br />
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<br />
<strong><img alt="nbdbank" src="/userfiles/images/NMB.jpg" style="width: 220px; height: 73px; margin: 10px;" /><br />
<br />
NMB Sulav Investment Fund-I Coming</strong><br />
<br />
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<br />
<br />
<br />
<img alt="banijya" src="/userfiles/images/banijya.jpg" style="width: 203px; height: 78px; margin: 10px;" /><br />
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<br />
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<br />
<br />
<br />
<img alt="ndep" src="/userfiles/images/NDEP.jpg" style="width: 128px; height: 112px; margin: 10px;" /><br />
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<br />
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<br />
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<strong>Ahluwalia new CEO of Everest Bank</strong><br />
<br />
AK Ahluwalia has been appointed the CEO of Everest Bank. According to a press statement, Ahluwalia assumed office on July 1. “Ahluwalia has more than 32 years of banking experience at Punjab National Bank India and has held the post of deputy general manager in parent organization,” the statement said. Ahluwalia has key expertise in credit and recovery.<br />
<br />
<strong><img alt="nbdbank" src="/userfiles/images/NMB.jpg" style="width: 220px; height: 73px; margin: 10px;" /><br />
<br />
NMB Sulav Investment Fund-I Coming</strong><br />
<br />
NMB Bank is bringing ‘NMB Sulav Investment Fund-I’ in first quarter of the coming Nepali fiscal year. The Rs 60 million fund is closed-end are with five years maturity period. The bank is going to invest 60 percent of the fund on shares and 40 percent on debentures. The unit holders are promised 12 percent annual return. NMB Capital Limited has been appointed as the issue manager of the fund.<br />
<br />
<br />
<br />
<img alt="banijya" src="/userfiles/images/banijya.jpg" style="width: 203px; height: 78px; margin: 10px;" /><br />
<strong>RBB Dullu Branch Reinstated</strong><br />
<br />
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<br />
<br />
<br />
<img alt="ndep" src="/userfiles/images/NDEP.jpg" style="width: 128px; height: 112px; margin: 10px;" /><br />
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<strong>NDEP Hama Merger Cancelled</strong><br />
<br />
The merger process between Hama Merchant and Finance Ltd and NDEP Development Bank has been cancelled. The reason for the decision is to open the path to merge both of these BFIs with Prabhu Finance, says the sources. To further strengthen capital position and consolidate its presence on the market, Prabhu Finance has simultaneously initiated merger talks with NDEP Development Bank and Hama Merchant Bank.<br />
<br />
<img alt="Hama Merchant Finance" src="/userfiles/images/NepalBank.jpg" style="width: 147px; height: 119px; margin: 10px;" /><br />
<br />
<strong>NBL Right Shares Undersubscribed</strong><br />
<br />
The rights shares issued by Nepal Bank has fallen 8 percent short of being fully subscribed as the money collected by the end of closing day was only 92 percent of the total issue. As per a press statement, the bank will sell the remaining shares in a manner prescribed in the law. The bank got Rs 1.40 billion worth of applications for the rights shares from the government alone, which has 38.6 percent stake in the bank. Likewise, it collected Rs 1.93 billion from other shareholders who own 61.4 percent stake in the bank. The total collection from this rights issue stands at Rs 3.33 billion.<br />
<br />
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