Garima Bikas Bank has introduced two new loan programs: Garima Easy Home and SME loans, both with a competitive interest rate of 11.99%. Borrowers can benefit from a fixed interest rate of 11.99% over a seven-year term under these new schemes. The bank’s extensive network consists of 121 branches and 50 ATM outlets, […]
Nabil Bank is introducing an attractive option for home loans, presenting two competitive fixed interest rate choices: 10.99% for a 7-year term and 11.99% for a 10-year term. Homeowners often worry about fluctuating rates impacting their monthly payments, as explained by Chadani Shrestha, Head of the Personal Lending Unit at Nabil Bank. To address
Kamana Sewa Bikas Bank has recently introduced new loan schemes with an attractive interest rate of 12.12%. These schemes offer customers the opportunity to access various types of loans, including home loans, MSME loans (Micro, Small, and Medium Enterprises), and EV loans (Electric Vehicle loans), all at a reduced interest rate compared to standard loan
The banking sector in Nepal has recently witnessed a decrease in the interbank interest rate, indicating an increase in liquidity within the system. According to data provided by Nepal Rastra Bank, the interbank interest rate of banks has fallen below 1 percent. Specifically, on Ashad 27, the interbank interest rate remained stable at 0.83 percent.
Ghorahi Cement Industry Limited, a company in Nepal, has recently issued an Initial Public Offering (IPO) to the general public. The IPO consists of 69,11,670 unit shares priced at Rs 435 per unit, including a premium of Rs 335. The offer opened on 32nd Jestha, 2080 and is scheduled to close on 4th Ashad, with
A total of 468,845 units of the “8% Everest Bank Limited Debenture 2079” have been removed from trading on the NEPSE (Nepal Stock Exchange). This delisting indicates that the debenture has reached its maturity date, which was Jestha 28, 2079. Investors who held these debentures will now receive their principal investment amount along with the
Today, the NEPSE index concluded at 1,942.63, marking a gain of 51.31 points from the previous trading day, representing a 2.71% increase. Yesterday, the index had gained 8.10 points. The trading day began at 1,891.37, which also served as the intraday low. However, the index reached a high of 1,942.64 before ultimately closing at 1,942.63.
Nepal Investment Mega Bank has decided to issue debentures worth Rs. 4 arba, and they have chosen Prabhu Capital as the issue manager for this process. The debentures will be offered to the general public as well as institutional investors. The duration of the debenture is for ten years and it will provide a 10%
Grameen Bikas Laghubitta Bittiya Sanstha Limited (GBLBS) has reported a net profit of Rs. 5.9 Crores in the third quarter of FY 2079/2080, marking a 79.19% decrease compared to the same quarter in the previous year. The company’s net interest income decreased by 26.48% to Rs. 67.31 Crores, while its borrowings decreased by 16.70%
In the third quarter (Q3) of the current fiscal year 2079/80, National Hydro Power Company Limited (NHPC) reported a net loss of Rs. 2.29 Crores, compared to a profit of Rs. 3.27 Crores in the corresponding quarter of the previous year. The company’s total revenue till the end of Q3 was Rs. 2.91 crores. However,
In the third quarter ending Chaitra 2079 (FY79/80), Goodwill Finance Limited’s net profit plummeted by 86.68 percent to Rs 1.99 crore, compared to Rs 15 crore the previous year. The decrease in Net Profit is attributable to a variance in other operating income, which has decreased by 46.29% due to an increase in Impairment charges
According to the Nepal Bankers Association (NBA), the interest rate on fixed deposits would be reduced beginning in the approaching month of Baishakh, 2080. The majority of banks indicated support for decreasing the interest rate at the Bankers’ Association meeting on Wednesday, and the decision was taken to also cut the term interest rate.
