The “Global IME Balanced Fund – 1 (GIBF1)” NAV report for Chaitra has been released.
The “Global IME Balanced Fund – 1” is a closed-end fund with a 10-year maturity horizon. The fund size of Global IME Balanced Fund – 1 is Rs. 1.02 Arba.
Category: Business | Market | Economy
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Citizens Mutual Fund 1 Reports NAV and Net Profit Increase in Chaitra
Citizens Mutual Fund-1 (CMF1), a 7-year closed-end mutual fund scheme, has released its monthly report for Chaitra 2079.
According to the report, a mutual fund’s Net Assets Value (NAV) fell slightly from Rs. 9.18 to Rs. 9.19. The program, which began with a sum of Rs. 82 crores, has invested Rs. 48.38 crores in listed company shares and Rs. 4.91 crores in non-listed company shares. This program invested Rs. 3 crores in fixed-income assets, Rs. 15.86 crores in debentures, and Rs. 3.4 crores in bank balance.
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Chitwan will host the 7th Chitwan International Industrial Fair beginning on Baisakh 22.
CNI Chitwan, in collaboration with other government and non-government organizations, will host the 7th International Chitwan Industrial Fair 2080 on Baisakh 22, 23, and 24, 2080 at the Chitwan Exhibition Hall in Bharatpur.
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Supermai Hydropower earns a profit of Rs. 4.825 crores in the third quarter.
Supermai Hydropower Limited (SMH) reported a 41.20% decrease in net profit in the third quarter (Q3) of the current fiscal year 2079/80. Profit declined to Rs. 4.835 crores in this quarter from Rs. 8.22 crores in the previous year’s equivalent quarter.
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Support Laghubitta’s Q3: Net Profit decreased by 42.33% to Rs 63.32 Lakhs, NPL decreased by 3.25%, and EPS decreased by 8.86%.
Support Laghubitta Bittiya Sanstha Limited (SMB) has issued its unaudited financial report for Q3 of FY 2078/79, with a net profit of Rs 63.32 Lakhs, a decrease of 42.88%. Microfinance had a net profit of Rs 1.75 crore in the prior year’s similar quarter.
It has received Rs 28.78 Crore in deposits, Rs 98.04 Crore in borrowings, and Rs 1.39 Arba in loans. The company’s paid-up capital is Rs 9.52 crore, and it has a reserve of Rs 3.65 crore.
Net interest income was Rs 4.52 crore in the third quarter, down from Rs 5.42 crore in the previous year’s equivalent quarter. Operating earnings fall 65.7% to Rs 60.35 Lakhs.
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SEBON Approves 11% LBBL Debenture 2089; Bank Will Soon Issue 10 Lakh Unit Debentures
On Baisakh 10, 2080, the Securities Board of Nepal (SEBON) authorized the “11% LBBL Debenture 2089”.
Lumbini Bikas Bank Limited (LBBL) plans to issue 10 lakh unit debentures at Rs 1000 per unit. For a period of ten years, the bank will give an interest rate of 11% on the debenture.
Four hundred thousand units will be made available to the general public out of the total number of units available.
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The deadline for life and non-life insurance companies to raise capital to Rs 5 billion has passed.
On the 10th of Chaitra 2078, the Nepal Insurance Authority directed that life insurance businesses have a minimum paid-up capital of Rs. 5 Arba. The Insurance Board also encouraged non-life insurance companies to increase their paid-up capital to Rs. 2.5 Arba by the end of Chaitra 2079.
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List of Bank Holidays in Nepal 2080
The central bank of Nepal, Nepal Rastra Bank, has recently unveiled the annual bank holiday schedule for the period of 2080 BS, which spans from April 14, 2023 to April 12, 2024. This comes in response to the government’s decision to permit essential service-providing institutions, such as banks, to operate on specific public holidays as declared by the government. The notice from NRB outlines the bank holidays during which Nepalese banks will remain closed, while also indicating that partial banking services, including cash transactions, will be available on certain dates marked with an asterisk (*). This information is aimed at providing clarity to the public and businesses regarding the operational status of banks during the designated holidays.
No. List of Holidays Date 1 New Year April 14, 2023 2 Labour Day May 1, 2023 3 Buddha Jayanti/Ubhauli/Chandi Purnima* May 5, 2023 4 Republic Day* May 29, 2023 5 Gaura Parva (Only for the region or culture celebrating the festival) August 24, 2023 6 Raksha Bandhan/Gai Jatra* August 31, 2023 7 Krishna Janmashtami* September 6, 2023 8 Tij (Only for women) September 18, 2023 9 Constitution Day September 20, 2023 10 Indra Jatra* (Only in the Kathmandu valley) September 28, 2023 11 Jitiya Parva (Only for women celebrating the festival) October 7, 2023 12 Ghatasthapana* October 15, 2023 13 Dashain (Phulpati-Dwadashi) October 21-26, 2023 14 Phalgunanda Jayanti (Only for the followers of Kirat religion) November 11, 2023 15 Tihar November 12-16, 2023 16 Chhath November 19, 2023 17 Guru Nanak Jayanti (Only for the Sikhs) November 27, 2023 18 International Disability Day (Only for the staff with disabilities) December 3, 2023 19 Christmas* December 25, 2023 20 Udhauli/Yomari Punhi/Jyapu Diwas* December 26, 2023 21 Tamu Lhosar* December 31, 2023 22 Prithvi Jayanti/National Unity Day* January 12, 2024 23 Maghi/Maghe Sankranti* January 15, 2024 24 Sonam Lhosar* February 10, 2024 25 People’s War Day* February 13, 2024 26 Democracy Day* February 19, 2024 27 Mahashivaratri/Women’s Day* March 8, 2024 28 Gyalpo Lhosar* March 11, 2024 29 Phagu Purnima March 24, 2024 (Hilly and mountainous districts)
March 25, 2024 (Plain districts)30 Ghodejatra* (Only in the Kathmandu valley) April 8, 2024 31 Machhindranath Bhoto Jatra* (Only in the Kathmandu valley) Date to be announced by the government 32 Eid al-Fitr* Date to be announced by the government 33 Bakra Eid/Eid al-Adha* Date to be announced by the government 34 Siruwa Pawani (Only in Jhapa, Morang, Sunsari, Siraha and Saptari) Date to be announced by the government 35 Mohammad Jayanti (Only for the Muslims) Date to be announced by the government -
The application deadline for the “Citizens Super 30 Mutual Fund” has been extended till Baisakh 20.
Citizens Capital Limited has extended the deadline for the general public to invest in the mutual fund scheme “Citizens Super 30 Mutual Fund” until the 20th Baisakh, 2080. The problem began on the 6th of Baisakh and was intended to end today, the 10th of Baisakh, 2080. However, because the problem manager did not get a sufficient number of applications, the deadline has been extended until Baisakh 20.
15% or 1.50 crore units worth Rs. 15 crores have been allotted to the fund promoter Citizens Bank International Limited, with the remaining 8.5 crores going to the general public.
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Karnali Development Bank reports a net profit of Rs 1.7 crores in the third quarter.
Karnali Development Bank Limited (KRBL) has released its unaudited quarterly report for the fiscal year 2079/80’s third quarter.
The firm recorded a net profit of Rs. 1.7 crores, compared to a net loss of Rs. 1.92 crores in the same period last year.
When compared to the same quarter last year, the company’s deposits fell by 2.11% to Rs.4.40 Arba, while loans and advances increased by 2.84% to Rs.3.39 Arba. The company’s CAR is now 10.20%, down from 11.12% earlier.
The bank has Rs. 50.28 crore in paid-up capital. At this capital, the bank’s EPS is Rs. 4.60, and its net worth is Rs. 118.20.
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‘Himalayan Stock Exchange’ applied for license of new stock exchange
“Himalayan Stock Exchange” has applied for a license to the Nepal Securities Board for a new stock exchange. The application has been filed by Himalayan Stock Exchange, which has been established with the participation of prominent business families in Nepal, including Shankar Group, along with the largest industrial houses in Nepal such as Shekhar Golchha of Nepal Chamber of Commerce and Industry, former presidents of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Pashupati Murarka, Rajendra Khetan of Khetan Group, Satish Lal Mor of Lucky Group, Vivek Dugar of Dugar Group, Shourabh Jyoti of Jyoti Group and other major traders and business houses. This is the first application for a stock exchange license by Himalayan Stock Exchange.
The application has been filed by Himalayan Stock Exchange, along with investment from Rohit Gupta, Ashish Shrestha, Juni Gurung, and Deepak Bhatta.
The deadline for applying for a license for the commodity exchange (Commodity Exchange) along with the stock exchange is until 10th Baisakh, 2079 (April 22, 2023). So far, only one application has been submitted under the name of Himalayan Stock Exchange.
Similarly, there has been no application filed until Friday for the commodity exchange. The applications for the stock and commodity exchanges are separate.
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Goodwill Finance’s net profit drops by 86.68%.
In the third quarter ending Chaitra 2079 (FY79/80), Goodwill Finance Limited’s net profit plummeted by 86.68 percent to Rs 1.99 crore, compared to Rs 15 crore the previous year.
The decrease in Net Profit is attributable to a variance in other operating income, which has decreased by 46.29% due to an increase in Impairment charges and staff expenditures in this quarter.
In the third quarter, its net interest income (NII) increased by 57.73 percent to Rs 31.5 crore. Similarly, the Capital Adequacy Ratio (CAR) was 13.46 percent, with Earnings per Share (EPS) falling to 2.82 percent.