Business | Market | Economy
“Nepal’s Trade Deficit Narrows to Rs. 14.54 Kharba in FY 2079/80 with Rs. 16.11 Kharba Total Imports”
Nepal saw a significant improvement in its trade balance in fiscal year 2079/80 as trade deficits decreased by 15.45% compared to the previous year 2078/79. This improvement was mainly due to a sharp decline in imports, which dropped by 16.08% during the same period. The government’s strict measures played a crucial role in reducing […]
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“Narayani Development Bank Q4 Loss: Rs. 2.91 Cr, Net Worth/Share: Rs. 36”
Narayani Development Bank Limited (NABBC) has released its fourth-quarter report for the financial year 2079-80, showing a net loss of Rs. 2.91 crores. This marks an improvement compared to the same quarter in the previous financial year (2078-79), where the company had a higher net loss of Rs. 5.42 crores. Notably, the impairment charges have […]
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“Setikhola Hydropower Appoints Kumari Capital as Issue Manager for 60 Lakh Unit Share Float; 20 MW Pokhara Project Set to Operate in 2024”
Setikhola Hydropower has selected Kumari Capital as the issue manager to issue 60 lakh unit ordinary shares to the public investors. The memorandum of understanding (MoU) was signed between the CEO of Kumari Capital, Mr. Puspa Sharma, and the chairman of Setikhola Hydropower, Mr. Anup Acharya, during a program, according to the media statement.
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“NRB Requests Media Convention for Monetary Policy 080-81 Announcement Today”
The Nepal Rastra Bank (NRB) has invited media personnel to attend the announcement of the long-awaited monetary policy 2080-81. The event will be held at 3:00 pm at the Yak and Yeti Hotel in Durbarmarg, with NRB Governor Maha Prasad Adhikari in attendance.
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“Governor Provides Clarification on Monetary Policy 080-81’s Point 106”
The Governor of Nepal Rastra Bank has cleared up any confusion about point 106 of the newly revealed monetary policy. This point pertains to the review of the current risk weightage for share/securities loans, real estate loans, and higher purchase loans disbursement. In simpler terms, the bank is reevaluating how much risk is involved in […]
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Kamana Sewa Bikas Bank unveils new loan schemes with 12.12% interest
Kamana Sewa Bikas Bank has recently introduced new loan schemes with an attractive interest rate of 12.12%. These schemes offer customers the opportunity to access various types of loans, including home loans, MSME loans (Micro, Small, and Medium Enterprises), and EV loans (Electric Vehicle loans), all at a reduced interest rate compared to standard loan […]
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“Significant Decline in Real Estate Transactions in Nepal during FY 2079/80, Delay in Opening Land Allotment Impacts Economy”
In the last financial year 2079/80, there was a significant decrease in real estate transactions, according to data from the Department of Land Management and Archive. The purchase and sale of land dropped by approximately 38%, resulting in a decrease in the number of processed documents for real estate transactions. In the financial year 2078/79, […]
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“Nepal Rastra Bank to Publicize Monetary Policy for Fiscal Year 2080-81, Governor’s Return Coincides with Announcement”
The Nepal Rastra Bank (NRB) is preparing to announce the monetary policy for the ongoing fiscal year 2080-81, which is expected to be publicized by the end of the first week of Shrawan. Narayan Prasad Pokhrel, the Deputy Spokesperson and Information Officer of NRB, revealed in a phone conversation with Sharesansar that the central bank […]
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“Inland Revenue Department (IRD) Falls Short of Revenue Target, Collecting Rs. 4 Kharba 80 Arba in Last Fiscal Year”
The Inland Revenue Department (IRD) faced a shortfall in revenue collection for the last fiscal year, collecting a total of Rs. 4 Kharba 80 Arba. This amount fell 23 percent below the target set at Rs. 6 Kharba 26 Arba. Furthermore, the revenue collected was Rs. 3 Arba less than the previous year’s collection (2078/79). […]
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Decrease in Interbank Interest Rate Indicates Heightened Liquidity in Nepal’s Banking System
The banking sector in Nepal has recently witnessed a decrease in the interbank interest rate, indicating an increase in liquidity within the system. According to data provided by Nepal Rastra Bank, the interbank interest rate of banks has fallen below 1 percent. Specifically, on Ashad 27, the interbank interest rate remained stable at 0.83 percent. […]
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