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.
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.
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 |
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.
In the domestic market today, fine gold has lost Rs. 900 per tola, while tejabi gold has lost Rs. 850 from yesterday’s pricing.
According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is now trading for Rs. 109,300 per tola. Yesterday, the cost remained unchanged at Rs. 110,200 per tola. Meanwhile, Tejabi gold is currently trading for Rs. 108,800. In contrast, the cost was kept at Rs. 109,650 per tola yesterday.
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.
“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.
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.
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 had a paid-up capital of Rs 69.04 crore and reserves of Rs 29.82 crore. The firm also has Rs. 19.5 crores in negative retained earnings.
JFL has collected Rs 3.34 arba in deposits and has issued Rs 2.62 arba in loans and advances.
On the other side, the company’s NPL has climbed by a staggering 391.67% to 23.60%.
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.
Everest Bank Limited (EBL) has released its third-quarter report for fiscal year 2079/2080, which shows a 62.63% increase in net profit. The net profit of the bank has improved from Rs. 1.51 Arba in the third quarter of fiscal year 2078/2079 to Rs. 2.46 Arba in the third quarter of fiscal year 2079/2080.
After PL Appropriation and Regulatory Adjustments, the bank’s distributable profit in the same period is Rs 3.36 arba.
The foreign trade figures for Nepal for the first nine months of fiscal year 2079/80 have been released. According to government data released on Thursday, Nepal’s trade deficit reduced by 17.06 percent to Rs. 10.83 Kharba from Rs. 13.06 Kharba the previous year.