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

KATHMANDU: Nepal’s commercial banking sector has shown a strong profit performance in the first two months of the ongoing fiscal year 2082/83, despite a sluggish economy and slow credit growth. According to the data published by Nepal Rastra Bank (NRB), 20 commercial banks collectively recorded a net profit of...

Commercial Banks earn Rs 16.59 bn profit in two months, six banks cross billion mark
Michael Foley Appointed as CEO of Ncell

Michael Foley Appointed as CEO of Ncell

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

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

Nepal Stock Market plunges to one-year low, NEPSE falls below 2,500 points

Nepal Stock Market plunges to one-year low, NEPSE falls below 2,500 points

NEA assures uninterrupted power supply during Tihar, urges consumers to use electricity freely

NEA assures uninterrupted power supply during Tihar, urges consumers to use electricity freely

Minister Ghising urges competitive power purchase rates for hydropower projects

Minister Ghising urges competitive power purchase rates for hydropower projects

Government begins terminating six dysfunctional contracts under Babai Irrigation Project

Government begins terminating six dysfunctional contracts under Babai Irrigation Project

Property Deals Above NPR 30 Million in Metropolises Must Now Be Conducted Through Registered Companies

Property Deals Above NPR 30 Million in Metropolises Must Now Be Conducted Through Registered Companies

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

FNCCI urges resumption of export cash incentives, warns of economic impact

FNCCI urges resumption of export cash incentives, warns of economic impact

Gold price hits record high at Rs 248,500 per tola after single-day surge of Rs 8,100

Gold price hits record high at Rs 248,500 per tola after single-day surge of Rs 8,100

Nepal Reinsurance begins payout of Rs 1.5 billion to insurance companies for GenZ movement damages

Nepal Reinsurance begins payout of Rs 1.5 billion to insurance companies for GenZ movement damages

Nepal’s EV charging infrastructure expands to 1,250 stations nationwide

Nepal’s EV charging infrastructure expands to 1,250 stations nationwide

NRB rolls out national payment ecosystem: One network for all digital transactions

NRB rolls out national payment ecosystem: One network for all digital transactions

Upper Bhotekoshi Hydro restarts power generation after agreement with locals on 10pc equity transfer

Upper Bhotekoshi Hydro restarts power generation after agreement with locals on 10pc equity transfer

Tribhuvan University’s land misuse jeopardizes education infrastructure, report warns

Tribhuvan University’s land misuse jeopardizes education infrastructure, report warns

Former Speaker Krishna Bahadur Mahara arrested in multi-million gold smuggling scandal at TIA

Former Speaker Krishna Bahadur Mahara arrested in multi-million gold smuggling scandal at TIA

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