Day: April 20, 2024
JBBL Reports Decline in Q3 Net Profit and EPS Amidst Rising Impairment Charges
Jyoti Bikas Bank Limited (JBBL) has recently disclosed its unaudited financial report for the third quarter of fiscal year 2080/81, revealing a significant downturn in both net profit and Earnings Per Share (EPS). The bank’s net profit for this period plummeted to Rs. 15.24 Crores, marking a notable decrease of 24.40% compared to the corresponding […]
Read More
Closure of 7.9% Nepal SBI Bank Debenture 2080: Unitholders to Receive Returns
The “7.9% Nepal SBI Bank Debenture 2080” scheme, comprising 2,00,000 units, has been delisted from the Nepal Stock Exchange (NEPSE) following its maturity on Baishakh 6, 2081. This marks the conclusion of the debenture, which provided unitholders with a 7.9% annual return on their investment. Now that the debenture has matured, Nepal SBI Bank Limited […]
Read More
Gold Prices Dip in Nepal: Latest Updates on Fine Gold and Silver Rates
The price of fine gold in Nepal has witnessed a decline of Rs. 600 per tola after a period of consecutive increases, as reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Pure gold is currently trading at Rs. 1,38,600 per tola, marking a decrease from its previous closing rate of Rs. […]
Read More
Exploring the Growth of Hydropower Projects Along Taplejung’s Rivers
Taplejung district in Nepal is experiencing a significant surge in investment in hydropower projects, particularly along its primary waterway, the Tamor River, and other rivers in the region. Officials have reported that there are currently 16 hydroelectric projects underway along the Tamor River alone, with an anticipated power generation capacity of 1,654.51 megawatts. According to […]
Read More
Muktinath Bikas Bank Limited: A Glimpse into its Remarkable Growth and Financial Performance
In the dynamic landscape of Nepal’s banking sector, Muktinath Bikas Bank Limited (MNBBL) stands out with its impressive performance and robust financial indicators. Recently, the bank unveiled its unaudited financial statement for the third quarter of the fiscal year 2080/81, shedding light on its commendable growth trajectory. MNBBL maintains a formidable position with a total […]
Read More
Global IME Bank Limited: Navigating Challenges in the Third Quarter Amid Financial Resilience
Global IME Bank Limited (GBIME) recently unveiled its third-quarter fiscal report for the year 2080/81, showcasing both resilience and challenges amidst a dynamic banking landscape. While maintaining a robust financial position with substantial capital and reserves, the bank encountered a 24.13% decline in net profit, amounting to Rs 3.30 Arba. Despite facing headwinds, GBIME continues […]
Read More
Surge in Nepal’s Gold Market: Reaching All-Time High Amid Global Dynamics
Nepal’s gold market witnessed an unprecedented surge, hitting an all-time high on April 19, 2024, signaling significant shifts in both domestic and international dynamics. According to the Federation of Nepal Gold and Silver Traders’ Association, fine gold soared by Rs. 700, reaching an extraordinary Rs. 1,39,300 per tola, up from its previous Rs. 1,38,600. Similarly, […]
Read More
Nepal Infrastructure Bank Limited: Navigating Challenges in Third-Quarter Financial Performance
Infrastructure Bank Limited (NIFRA) recently disclosed its third-quarter fiscal report for the year 2080/81, revealing insights into its financial performance amidst evolving market dynamics. While facing a 15.02% decrease in net profit compared to the previous year, NIFRA remains focused on navigating challenges and pursuing sustainable growth strategies. Maintaining a robust financial position, NIFRA boasts […]
Read More
Nabil Bank Limited: Navigating Challenges Amid Third-Quarter Financial Performance
Nabil Bank Limited (NABIL) recently unveiled its third-quarter fiscal report for the year 2080/81, revealing insights into its financial performance amidst evolving market dynamics. Despite facing an 8.76% decline in net profit compared to the previous year, NABIL remains committed to navigating challenges and implementing strategies for sustainable growth. Maintaining a strong financial foundation, NABIL […]
Read More
Laxmi Sunrise Bank Limited: Driving Growth Amidst Financial Performance Challenges
Laxmi Sunrise Bank Limited (LSL) has recently unveiled its third-quarter fiscal report for the year 2080/81, showcasing notable achievements amidst challenges in the banking landscape. Despite facing hurdles, the bank reported a remarkable 27.70% increase in net profit, reaching Rs 1.61 Arba. Maintaining a robust financial position, LSL boasts a total paid-up capital of Rs. […]
Read More