Banking
Gold Prices Rise by Rs. 400, Silver Dips Rs. 5 per Tola in Nepal
Gold continues to display its allure with a daily price surge of Rs. 400 per tola, while silver, on the other hand, experiences a marginal decline of Rs. 5 per tola. As reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the current trading value for fine gold stands at Rs. 118,400 […]
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Muktinath Bikas Bank Q2 FY 2080/81: 32.93% Net Profit Drop
Muktinath Bikas Bank Limited (MNBBL) has disclosed its second-quarter report for the fiscal year 2080/81, revealing a notable 32.93% decrease in net profit, dropping from Rs. 62.62 Crores in Q2 FY 2079/80 to Rs. 42 Crores in Q2 FY 2080/81. Concurrently, the bank reported a negative distributable profit after PL Appropriation and Regulatory Adjustments, amounting […]
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NEPSE Down By 25.63 Points To Close at 2,130.18 Levels; Total Turnover Stood At Rs 7.67 Arba
The NEPSE Index in Nepal witnessed a decline of 25.63 points, equivalent to 1.18% from the previous day’s closing, concluding at 2,130.18 points. The preceding trading session had incurred a loss of 7.24 points for the index. The market commenced today with an opening index of 2,156.52, reaching an intraday low of 2,123.86, and attaining […]
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Laxmi Sunrise Bank Q2 Report: Modest Profit Dip Amidst Impressive Growth and NPL Concerns
Laxmi Sunrise Bank Limited (LSL) has shared its financial results for the second quarter of the fiscal year 2080/81, reporting a small 1.66% decrease in net profit to Rs. 1.05 Arba compared to the same period last fiscal year when it earned Rs. 1.07 Arba. The bank showcased positive growth with a remarkable 104.66% increase […]
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Citizens Bank Q2 Report: Profits Dip 6.96%, Challenges Emerge
Citizens Bank International Limited (CZBIL) has disclosed its financial performance for the second quarter of fiscal year 2080/81, revealing a 6.96% decline in net profit to Rs 78.27 Crores. The bank’s total paid-up capital is reported at Rs. 14.20 Arba, with reserves amounting to Rs. 6.77 Arba. However, retained earnings have recorded a negative value […]
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MBL Promoter Shares Auction Launched
Surendra Mahato has initiated the auction of 1,12,32,492 units of promoter shares from Machhapuchchhre Bank Limited (MBL). The auction period spans from the 5th to the 15th of Magh, 2080. A total of 1,12,32,492 promoter shares of MBL are up for auction, open to interested shareholders, including the general public and institutions. The auction allows […]
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NIMB Ace Capital Extends ‘NIBL Stable Fund’ Deadline Due to Low Initial Applications
NIMB Ace Capital Limited has decided to extend the deadline for the “NIBL Stable Fund” mutual fund scheme to the general public and institutions until the 16th of Magh, 2080. Originally set to close on the 5th Magh, 2080, the extension was prompted by the scheme’s insufficient applications. Out of a total of 10 crore […]
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NEPSE Index Gains 3.20% Despite Ups and Downs
n the recent trading week, the NEPSE index closed at 2,155.82, marking a notable 3.20% gain from the previous week’s closing at 2,088.99. The index experienced volatility, ranging from 2,093.46 to 2,215.29, with a fluctuation of 121.83 points. Key indicators, such as the RSI and MACD, suggest a bullish trend, but further confirmation is needed. […]
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Machhapuchchhre Bank Q2 2080/81: 21.45% Drop in Net Profit, Attention Needed on NPL Increase
Machhapuchchhre Bank Limited (MBL) has recently unveiled its financial performance for the second quarter of the fiscal year 2080/81, providing insights into key metrics. In this quarter, MBL witnessed a notable 21.45% decline in net profit, falling from Rs. 1.02 Arba in Q2 FY 2079/80 to Rs. 80.53 Crores in Q2 FY 2080/81. The bank […]
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United Ajod Insurance (UAIL) Proposes 10.8013% Dividend for Fiscal Year 2079/80
United Ajod Insurance Limited (UAIL) has put forth a proposal for a 10.8013% dividend for the fiscal year 2079/80. This decision was reached during a board of directors meeting held on Magh 04. The proposed dividend distribution includes 10.2612% in bonus shares and 0.5401% in cash dividend, the latter being designated for tax-related purposes. The […]
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