Deposits

Jeevan Bikas Laghubitta Reports 32.87% Q2 Net Profit Decline, Core Revenue Slump, and Slight Deposit Rise 3
Business | Market | Economy

Jeevan Bikas Laghubitta Reports 32.87% Q2 Net Profit Decline, Core Revenue Slump, and Slight Deposit Rise

In its latest second-quarter report for the fiscal year 2080/2081, Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) reported a significant 32.87% decrease in net profit. The net profit for this quarter fell to Rs. 17.76 crore, down from Rs. 26.47 crore in the same period last year. Despite the decline in net profit, the company

Madhesh Province's Financial Sector Witnesses Robust Growth: 13.25% Surge in Deposits and 4.68% Rise in Loans 5
Business | Market | Economy

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 Rastra Bank for the fiscal year 2079/80. The report discloses a substantial 13.25% surge in total deposits and a 4.68% increase in loans, reflecting a positive trend in the banking

Development banks have decided to lower the interest rate on fixed deposits  13
Business | Market | Economy

Development banks have decided to lower the interest rate on fixed deposits 

During its conference, the Development Bankers Association, an association of Development Bank CEOs, also resolved to drop the interest rate. The committee members have agreed to reduce the deposit interest rate by 1%. According to development banks, the interest rate on personal term deposits will now be 10.6 percent rather than 11.6 percent. Similarly, the

Chhimek Laghubitta Core Business Revenue Rises By 28.13% in Q2 23
Business | Market | Economy, NEPSE NEWS

Chhimek Laghubitta Core Business Revenue Rises By 28.13% in Q2

Chhimek Laghubitta Bittiya Sanstha Limited (CBBL) published the second-quarter report of FY 2079/2080 with a rise in Net Profit by 11.56%. As per the report published by the mChhimek Laghubitta Bittiya Sanstha Limited (CBBL) reported an 11.56% increase in Net Profit in the second quarter of FY 2079/2080. According to the microfinance company’s report, net profit

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