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Development banks’ profit falls by 45.20% in Q1; Total profit at Rs 783.45 million, Garima leads

KATHMANDU: The national-level development banks have reported a significant decline in net profits during the first quarter of the ongoing fiscal year 2082/83. According to the financial statements made public, eight development banks collectively earned Rs 78 crore 34 lakh 54 thousand in net profit, marking a 45.20% decline...

Development banks’ profit falls by 45.20% in Q1; Total profit at Rs 783.45 million, Garima leads
Global IME Bank among only five banks to increase profit; Records 22.91% growth

Global IME Bank among only five banks to increase profit; Records 22.91% growth

Investor confidence hits low as GenZ protests damage Rs 37 billion in assets

Investor confidence hits low as GenZ protests damage Rs 37 billion in assets

Global IME Bank, NAS-IT hold interactive program on digital banking and IT sector growth

Global IME Bank, NAS-IT hold interactive program on digital banking and IT sector growth

ADB, World Bank’s IDA, and Switzerland sign 3 year partnership to support Nepal’s climate-resilient infrastructure

ADB, World Bank’s IDA, and Switzerland sign 3 year partnership to support Nepal’s climate-resilient infrastructure

Commercial bank stocks show long-term investment potential as prices decline and profit indicators improve

Commercial bank stocks show long-term investment potential as prices decline and profit indicators improve

NIC Asia Bank appoints Sujit Shakya as new CEO; Brings over three decades of banking leadership experience

NIC Asia Bank appoints Sujit Shakya as new CEO; Brings over three decades of banking leadership experience

Cheque dishonour complaints overwhelm Police, fueling systemic strain

Cheque dishonour complaints overwhelm Police, fueling systemic strain

Pakistani Habib Bank formally exits from Nepal

Pakistani Habib Bank formally exits from Nepal

Nepse surges by 62 points as development bank sector leads rally; 3 companies hit 10pc upper circuit

Nepse surges by 62 points as development bank sector leads rally; 3 companies hit 10pc upper circuit

NRB to absorb Rs 90 billion liquidity through deposit collection

NRB to absorb Rs 90 billion liquidity through deposit collection

Global IME Bank Honored with Global Finance “Best Bank Award” for the Second Consecutive Year

Global IME Bank Honored with Global Finance “Best Bank Award” for the Second Consecutive Year

Commercial Banks earn Rs 16.59 bn profit in two months, six banks cross billion mark

Commercial Banks earn Rs 16.59 bn profit in two months, six banks cross billion mark

Banks and FinTechs face stricter AML duties as central bank enforces STR/SAR guidelines 2025

Banks and FinTechs face stricter AML duties as central bank enforces STR/SAR guidelines 2025

Nepal deepens economic diplomacy: Finance Minister Khanal engages ADB and IMF leaders in Washington

Nepal deepens economic diplomacy: Finance Minister Khanal engages ADB and IMF leaders in Washington

Commercial banks drop interest rates for Kartik; average fixed deposit returns down to 5.10pc

Commercial banks drop interest rates for Kartik; average fixed deposit returns down to 5.10pc

Share-backed loans surge by Rs 4.9 bn in two months, total reaches Rs 145.6 bn

Share-backed loans surge by Rs 4.9 bn in two months, total reaches Rs 145.6 bn

IMF revise Nepal’s growth forecast to 5.2 pc, Citing domestic weakness and global slowdown

IMF revise Nepal’s growth forecast to 5.2 pc, Citing domestic weakness and global slowdown

Inflation drops to 1.87pc, exports surge 88pc, remittance inflows up 33pc — NRB reports

Inflation drops to 1.87pc, exports surge 88pc, remittance inflows up 33pc — NRB reports

India publishes new rule allowing Nepalis to obtain loans from Indian banks for cross-border trade

India publishes new rule allowing Nepalis to obtain loans from Indian banks for cross-border trade

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