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Nepal’s commercial banks report significant profit growth in fiscal year 2023-24

KATHMANDU: Commercial banks in Nepal have reported a combined net profit of approximately NPR 64.15 billion for the fiscal year 2023-24, marking a notable increase of 13.40% compared to the previous fiscal year’s NPR 56.57 billion. The performance data reveal a mixed bag, with ten banks reporting profit growth...

Nepal’s commercial banks report significant profit growth in fiscal year 2023-24
Global IME Bank and Gulf Exchange Company sign agreement for easier money transfers from Qatar to Nepal

Global IME Bank and Gulf Exchange Company sign agreement for easier money transfers from Qatar to Nepal

Foreign exchange limits increased for imports and employment

Foreign exchange limits increased for imports and employment

Significant increase in share loans by banks and financial institutions

Significant increase in share loans by banks and financial institutions

Nepal Rastra Bank enforces new regulations to protect microfinance borrowers

Nepal Rastra Bank enforces new regulations to protect microfinance borrowers

Nepal Rastra Bank’s policy reforms propel stock market to new heights

Nepal Rastra Bank’s policy reforms propel stock market to new heights

Surge in foreign direct investment in Nepal: Rs 61.78 billion pledged in FY 2023-24

Surge in foreign direct investment in Nepal: Rs 61.78 billion pledged in FY 2023-24

Nepal Stock Market surges amid investor enthusiasm, triggers multiple circuit breakers

Nepal Stock Market surges amid investor enthusiasm, triggers multiple circuit breakers

Govt becoming liberal in operating alternative financial instruments, addressing from budget to monetary policy

Govt becoming liberal in operating alternative financial instruments, addressing from budget to monetary policy

Nepal Rastra Bank announces regulatory relief to ease capital pressure on banks

Nepal Rastra Bank announces regulatory relief to ease capital pressure on banks

Nepal Rastra Bank Adjusts Share Loan Limits Amidst Market Challenges

Nepal Rastra Bank Adjusts Share Loan Limits Amidst Market Challenges

Nepal Rastra Bank to announce Monetary Policy for fiscal year 2024-25 today

Nepal Rastra Bank to announce Monetary Policy for fiscal year 2024-25 today

Surendra Raj Regmi appointed CEO of Global IME Bank

Surendra Raj Regmi appointed CEO of Global IME Bank

Global IME Bank awarded with two “Euromoney Awards for Excellence 2024”

Global IME Bank awarded with two “Euromoney Awards for Excellence 2024”

Significant rise in banking fraud cases reported in Nepal for fiscal year 2023-24

Significant rise in banking fraud cases reported in Nepal for fiscal year 2023-24

NRB Takes Action Against Five Development Banks and Three Finance Companies for Regulatory Violations

NRB Takes Action Against Five Development Banks and Three Finance Companies for Regulatory Violations

Monetary Policy announcement postponed due to limited discussion time

Monetary Policy announcement postponed due to limited discussion time

Continuous decrease in interest rates due to excess investable funds in banking system

Continuous decrease in interest rates due to excess investable funds in banking system

Global IME Bank surpasses Rs 500 billion in deposits

Global IME Bank surpasses Rs 500 billion in deposits

IMF approves $41.3 mln disbursement to Nepal following fourth review of exetended credit facility

IMF approves $41.3 mln disbursement to Nepal following fourth review of exetended credit facility

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