Day: September 30, 2024
Nepal’s Commercial Banks Reduce Base Interest Rates to 7.92%
Commercial banks in Nepal have lowered their average base interest rate to 7.92% for the period between mid-August and mid-September. This marks a decrease of 0.25 percentage points from the previous months, driven by an excess of loanable funds. The reduction indicates that lending rates may also fall in the near future. According to data […]
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Sharepro Securities Holds 2nd AGM for FY 2080/81
Sharepro Securities Pvt. Limited (Broker No. 65) successfully conducted its 2nd Annual General Meeting (AGM) for the fiscal year 2080/81 on Ashwin 11, 2081, at Sampada Garden Hotel, Lazimpat. During the AGM, the annual report and financial statements for FY 2080/81 were presented by the Chairman on behalf of the Board of Directors. The meeting […]
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KMC Bans 11 Drinking Water Brands After Detecting Fecal Contamination
The Kathmandu Metropolitan City (KMC) has prohibited the sale and distribution of 11 drinking water brands after finding fecal coliform contamination in their samples. Each of these companies has been fined Rs 200,000 and directed to deposit the amount into KMC’s revenue account. The contaminated water samples were collected between August 29 and September 13. […]
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