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 […]

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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 […]

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Hi, can any of my Nepali friend can explain me how taxes are imposed on fixed deposits? 7
r/NepalStock

Hi, can any of my Nepali friend can explain me how taxes are imposed on fixed deposits?

Just curious about it, if anyone can help View on r/NepalStock by Affectionate-Draw696

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Hi guys, If my company based out of India invest in Nepal fixed deposits then we should be paying 5% TDS from interest earned. So we will not be paying any additional corporate tax in Nepal? 9
r/NepalStock

Hi guys, If my company based out of India invest in Nepal fixed deposits then we should be paying 5% TDS from interest earned. So we will not be paying any additional corporate tax in Nepal?

If anyone having knowledge in corporate law can help. That would be very helpful. View on r/NepalStock by Affectionate-Draw696

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"Government Permits 60% of Local-Level Funds as Bank Deposits" 11
Business | Market | Economy

“Government Permits 60% of Local-Level Funds as Bank Deposits”

  The government is planning to allow 60 percent of the funds accumulated at the local level to be recognized as deposits. The Ministry of Finance has made this decision and is set to send a letter to the Nepal Rastra Bank on Friday. The Nepal Rastra Bank, starting today, is preparing to issue directives […]

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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 […]

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Falgun NAV Report Is Published By Mega Mutual Fund 1; NAV Is Rs 8.25 15
Business | Market | Economy

Falgun NAV Report Is Published By Mega Mutual Fund 1; NAV Is Rs 8.25

The “Mega Mutual Fund 1 (MMF1)” NAV report for the month of Falgun has been released. “Mega Mutual Fund 1” is a closed-end fund with a 10-year maturity period. The fund size for the initial issue was Rs. 1.25 Arba. The fund has invested Rs. 83.86 crores in Falgun’s listed shares. Non-listed shares were worth […]

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All 5 NIC Asia Capital Mutual Fund Schemes have published the Falgun Month NAV Report. 17
Business | Market | Economy

All 5 NIC Asia Capital Mutual Fund Schemes have published the Falgun Month NAV Report.

  . The financial highlights for the month of Falgun have been published by NIC Asia Balanced Fund (NICBF), a 10-year close-end mutual fund scheme managed by NIC Asia Capital. The period’s NAV was Rs. 10.73, which was lower than the previous month’s NAV of Rs. 11.26. The scheme started with a Rs. 75.50 crore […]

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Commercial Bank Fixed Deposit Interest Rates Remain Unchanged 19
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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