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    Excel Development Bank (EDBL) allots right shares, according to the company.

    It was announced on the 16th of Mangsir, 2078, that Excel Development Bank Limited (EDBL) had completed the distribution of its 10:3 ratio rights offering to its shareholders. This year, on the 29th Kartik of the year 2078, the corporation...

    NMB has been named Asia’s Bank of the Year 2021 and Nepal’s Bank of the Year 2021.

    Nepal's largest financial institution, NMB Bank, has added yet another major award to its growing list of laurels, this time for a win that is both historic and significant in terms of financial inclusion. The Banker magazine, based in London,...

    There will be 3,000 tourism workers who will be helped by the National Management Association.

    3,000 tourism workers who have been impacted by COVID-19 have been decided to receive assistance by the Nepal Mountaineering Association (NMA). According to NMA President Santa Bir Lama, assistance is being provided to financially disadvantaged mountaineers who have been affected...

    Increase in the net profit of Global IME Samunnat Scheme-1 (GIMES1) in Kartik, as well as the profitability of “Mega Mutual Fund 1.”

    Up till the end of Kartik, the Net Asset Value (NAV) of Global IME Samunnat Scheme-1 (GIMES1), a closed-ended 7-year mutual fund scheme managed by Global IME Capital Limited, had shown a growth. A financial report published today shows that...

    Digital payments double to Rs1.22 trillion in first quarter

    Nepal’s digital payment platforms saw a 94 percent year-on-year jump in business in the first quarter as consumers took to paying online for daily essentials at local stores besides premium products. Digital payment refers to contactless transactions made via online...

    For Sanima Capital Mutual Funds, the NAV increased in the month of Kartik.

    The "Sanima Large Cap Fund" is a mutual fund managed by Sanima Capital and promoted by Sanima Bank. It invests in large-cap stocks. Because the first public offering (IPO) was oversubscribed, the fund administrators expanded the size of the...

    Kartik is the month in which the “Nabil Balanced Fund III” becomes profitable.

    It has been published the Nabil Equity Fund (NEF) monthly NAV report for the month of Kartik, which is a closed-end 7-year mutual fund scheme managed by Nabil Investment Banking Limited and sponsored by Nabil Bank Limited. Nabil Equity...

    In order to promote tourism in Nepal, a promotional video has been produced that incorporates the country’s distinct personalities.

    Nepal's promotional video has been released in the English language, the first of its kind. The music video was prepared by incorporating Nepal's unique identities for the tourism promotion of the country. Shangri-La Nepal developed the promotional music video by...

    Guidelines for cash grants to flood-affected farmers have been approved.

    After a one-and-a-half-month break, the government has approved the guidelines for cash distribution to farmers across the country whose paddy fields were swamped by the unseasonal October severe rains and floods. The recommendations will be implemented immediately.     Following unseasonal torrential...

    As the asteroid Omicron approaches, Nepal is beset by indecision and bureaucratic lethargy.

    The Government of Nepal does not appear to be fully prepared to deal with the challenges posed by the new variant of the COV-ID-19 pandemic known as Omicron, and in particular does not appear to be able to vaccinate...

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    Muktinath Bikas Bank enters into an arrangement with Narayani Central Hospital and Dev Corner Jewelry, according to a press release.

    In a joint venture with the Narayani Central Hospital in Birgunj and Devcorner Jewelry in Kathmandu, Muktinath Bikas Bank...