Banks

Commercial banks profited Rs. 36 Arba until the end of the fiscal year in Magh. 1
Business | Market | Economy

Commercial banks profited Rs. 36 Arba until the end of the fiscal year in Magh.

Statistics reveals that commercial banks combined have achieved a total net profit of Rs. 36 Arba and 89 crores. Nabil Bank is the most profitable of the 22 commercial banks, with a net profit of Rs. 4 Arba and 13 crores. Similarly, NIC Asia Bank had a net profit of Rs. 3 Arba and 67 crores. Global […]

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Commercial Bank Fixed Deposit Interest Rates Remain Unchanged 3
Business | Market | Economy

Commercial Bank Fixed Deposit Interest Rates Remain Unchanged

  The Nepal Bankers Association (NBA) has decided to lower the interest rate on savings while keeping the interest rate on fixed deposits unchanged. The meeting was attended by the CEOs and representatives of all commercial banks to review the interest rate beginning on Chaitra 1. Savings interest rates currently range from 6.42 percent to […]

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Total Deposits Went Up Rs. 14 Billion in End Week of Magh, Lending Risen by Rs. 3 Billion 5
Business | Market | Economy

Total Deposits Went Up Rs. 14 Billion in End Week of Magh, Lending Risen by Rs. 3 Billion

The Nepal Bankers’ Association (NBA) has published a comprehensive study on deposit and lending trends in Nepal’s commercial banks. This information is current as of the end of Magh in 2079. Until Falgun 01, the CD ratio was 86.24. The total amount of deposits increased by Rs. 14 billion (Arba) in the fourth week of […]

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Becoming an Investor in Nepal 8
Finance Related How To | What Is Stock Exchange

Becoming an Investor in Nepal

Before we get into how to become an investor in Nepal, it’s important to understand who an investor is. An investor is someone who puts money into something with the hope of profiting in the future. A return is the benefit derived from such an investment. Investors are always on the lookout for high-yielding investment […]

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Is cryptocurrency legal in Nepal?
Cryptocurrency in Nepal Work at Home

Is cryptocurrency legal in Nepal?

So far, cryptocurrencies are illegal in a few countries, whereas the rest of the world either sees it as fitting to utilise these ‘monies’, or keeps them in a grey area of financial law. Similarly, though most countries in the world do not criminalise cryptocurrencies, they have yet to define their usage as monies or […]

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