Liquidity

Nepal Rastra Bank is managing excess liquidity through ongoing withdrawals from the banking system 3
Business | Market | Economy

Nepal Rastra Bank is managing excess liquidity through ongoing withdrawals from the banking system

Amidst a surge in liquidity, the central bank is actively withdrawing deposits from banks and financial institutions, having withdrawn a substantial 105 arba rupees in the month of Poush alone. Despite these efforts, the average interest rate for deposits has moderately increased from 2.4784% to 2.8594% between Poush 1 and Poush 11. While managing liquidity,

Decrease in Interbank Interest Rate Indicates Heightened Liquidity in Nepal's Banking System 5
Business | Market | Economy

Decrease in Interbank Interest Rate Indicates Heightened Liquidity in Nepal’s Banking System

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.

SEBON grants licenses to 11 new stock brokers 9
NEPSE NEWS

SEBON grants licenses to 11 new stock brokers

The Securities Board of Nepal (Sebon) has granted licenses to 11 new companies to act as stock brokers in Nepal’s securities market.The board issued the licenses on Monday, June 5, 2023. The 11 companies that received licenses are: Elite Stock House Limited, Lazimpat, Kathmandu Infinity Securities Limited, Sundhara, Kathmandu Index Securities Limited, Dillibazar, Kathmandu Shuvakamana

Higher Operating and Interest Expenses Caused a 95.81% Drop in Ridi Power's Net Profit Company to Issue 50% Right Shares 13
IPO | FPO, NEPSE NEWS

Higher Operating and Interest Expenses Caused a 95.81% Drop in Ridi Power’s Net Profit Company to Issue 50% Right Shares

Ridi Power Company Limited (RIDI) reported a 95.81% decrease in net profit in the second quarter (Q2) of the current fiscal year 2079/80. Profit declined to Rs. 1.96 crores in this quarter from Rs. 46.98 crores in the previous year’s equivalent quarter. In this quarter, the firm recorded total income of Rs. 18.92 crores, a

Bitcoin Has Dropped 50% From Its All-Time High 17
Cryptocurrency in Nepal, Finance Related, How To | What Is, Work at Home

Bitcoin Has Dropped 50% From Its All-Time High

Bitcoin prices have plummeted in recent months, losing more than half their value since mid-April and falling to just under $30,000 this morning. According to CoinDesk numbers, the world’s most common digital currency reached $30,201.96 today. According to additional CoinDesk data, it was down more than 55 percent from its all-time high of nearly $65,000

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