Business | Market | Economy
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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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Janaki Finance’s net profit falls by 70.76%.
Janaki Finance Limited (JFL) reported a 70.76 percent decrease in net profit in the third quarter (Q3) of fiscal year 2079/80. According to a report released today by the financing company, its net profit fell to Rs 1.53 crore in the third quarter from Rs 5.24 crore in the previous quarter. In Q3, Janaki Finance […]
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Nepal Investment Mega Bank Earns Rs 3.04 Arba in Net Profit in Q3
Nepal Investment Mega Bank Limited (NIMB) has released its third-quarter report for fiscal year 2079/80, which shows a 22.96% increase in net profit. In the third quarter of fiscal year 2079/80, the bank’s profit grew to Rs 3.046 arba. Following the merger, the bank has a total paid-up capital of Rs. 34.12 Arba, reserves of Rs. 23.89 Arba, retained earnings of Rs 1.27 Arba, and a share premium of Rs 20.78 Crore.
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