On the final day of Poush 2080, Nepal Clearing House Ltd. (NCHL) facilitated transactions totaling over NRs. 84 Billion through its payment systems. This marked…
Business | Market | Economy
Machhapuchchhre Bank Successfully Concludes Promoter Shares Auction.
The auction closing day of Machhapuchchhre Bank’s 1,12,32,492 Units Promoter Shares marked a crucial milestone in the bank’s strategic initiatives. By offering these shares, the…
Commercial and Development Banks’ Performance in Nepal for FY 2080/81
Nepal Rastra Bank has recently published data outlining the financial performance of both commercial banks and development banks for the initial five months of the…
Kalika Laghubitta Promoter Shares Auction Begins Today
The current owners of Kalika Laghubitta Bittiya Sanstha Limited (KMCDB) are offering 61,000 shares for auction to existing shareholders, starting from December 27, 2080. Among…
Ghalemdi Hydro Allots Right Shares, Subscription Reaches 70.75%
Ghalemdi Hydro Limited (GHL) recently allocated its right shares at a 1:2 ratio on the 25th of Poush. The shares were distributed to applicants, and…
Upper Tamakoshi Hydropower Limited Initiates Auction for Unclaimed Right Shares
Upper Tamakoshi Hydropower Limited (UPPER) is currently conducting an auction for its unclaimed right shares, which commenced on the 13th of Poush and is scheduled…
Machhapuchchhre Bank Limited Promoter Initiates Auction of Significant Shares
The current promoter of Machhapuchchhre Bank Limited (MBL) has initiated the auction of 1,12,32,492 units of shares, commencing today. Surendra Mahato, the promoter, is set…
Vishal Group Limited Initiates Auction of 15,00,000 Promoter Shares of Nepal Reinsurance Company Limited (NRIC) with NIC Asia Capital as Auction Manager
Vishal Group Limited has initiated the auction of 15,00,000 units of promoter shares belonging to Nepal Reinsurance Company Limited (NRIC). The auction, which commenced today…
NMB Bank and HIDCL to Invest 7.40 Arba Rupees in Upper Modi A Hydropower Project
NMB Bank and the Hydroelectricity Investment and Development (HIDCL) Company have jointly committed a substantial investment of 7.40 Arba rupees towards the Upper Modi A…
Closure and Distribution: NIBL Pragati Fund Nearing Maturity on Poush 26, 2080
The NIBL Pragati Fund (NIBLPF), a closed-end 7-year mutual fund scheme with a total size of Rs. 75 Crore, is set to reach maturity on…
Life Insurance Companies in Nepal Achieve Remarkable Premium Collection of Rs. 61.75 Arba in the First Five Months of FY 2080/81
During the first fifth month of the fiscal year 2080/81, life insurance companies in Nepal achieved an impressive milestone by collecting a substantial amount of…
Madhesh Province’s Financial Sector Witnesses Robust Growth: 13.25% Surge in Deposits and 4.68% Rise in Loans
The financial sector in Madhesh province is undergoing a notable expansion, as evidenced by the annual report on regional economic activity presented by the Nepal…