Bhagawati Hydropower Development Company Limited is wrapping up its IPO for project-affected locals today, the 14th Shrawan. The company issued a total capital of Rs. 57.20 Crores, with 10% (572,065 unit shares) allocated to locals in the Kaski District. Additionally, 15% of the capital (858,097 unit shares) will be offered to the general public […]
NIBL Pragati Fund (NIBLPF), a 7-year closed-end mutual fund scheme, has reported an increase in its Net Asset Value (NAV) for the month of Ashad. The financial report reveals that the NAV of the mutual fund scheme has risen to Rs. 10.68 at the end of Ashad, 2080, compared to Rs. 10.28 in the previous
NIC Asia Balanced Fund (NICBF), a 10-year close-end mutual fund scheme managed by NIC Asia Capital, has released its financial highlights for the month of Ashad. The Net Asset Value (NAV) for the period is Rs. 11.28, showing an increase from Rs. 10.96 a month ago. At the beginning of the scheme, the total
The scheme started with a total fund of Rs. 1.50 Arba and made various investments. It invested Rs. 1.17 Arba in listed shares and Rs. 2.98 crores in public issues, right shares, and bonus shares. Additionally, it invested Rs. 6.54 crore in bonds and debentures and Rs. 12.5 crore in fixed deposits. The scheme
In banking and finance, risk weightage is a percentage assigned to assets or loans based on how risky they are. This percentage determines how much capital a bank needs to keep aside as a safety cushion in case of losses. Higher-risk assets get higher risk weightages, meaning more capital needs to be reserved for them.
SEBON (Securities Board of Nepal) Issues Directive to Listed Organizations for Full Compliance with Securities Law. The directive, consisting of four key points, aims to streamline information flow and stresses timely submission of data and details. SEBON observed non-compliance in the past and seeks improved adherence from organized organizations.
The Nepal Rastra Bank has released a circular implementing changes in the Monetary Policy 2080/81. In this circular, they clarified that share mortgage loans above Rs. 50 lakhs will now carry a 150 percent risk weight, instead of the previous limit of Rs. 25 lakhs. The 150 percent risk weight will continue to apply
Lumbini Bikas Bank Limited (LBBL) has released its fourth-quarter report for the recently ended financial year, showing a slight decrease in net profit by 3.88 percent compared to the same period in the previous year. In Q4 of FY 079-80, the company made a profit of Rs. 61.24 crores. The most significant change in
Citizens Bank International Limited (CZBIL) has released its fourth-quarter report for the recent financial year, showing a Net Profit of Rs. 2.21 Arba. This represents a growth of 10.41 percent compared to the profits of the same quarter in the previous financial year 2078-79. The company’s core revenue stream, Net Interest Income, has risen
The price of gold has decreased by Rs. 900 per tola compared to yesterday’s rates. Today, fine gold is being traded at Rs. 112,600 per tola, whereas yesterday, it was at Rs. 113,500 per tola. Tejabi gold is now being traded at Rs. 112,050 per tola, whereas it was priced at Rs. 112,950 per tola
The NMB Saral Bachat Fund – E (NMBSBF) recently released its NAV report. This mutual fund operates as an open-ended fund with no maturity period, allowing the fund manager to increase its size as needed. As of Ashad, the fund size has grown to Rs. 1.24 Arba from Rs. 1.17 Arba in the previous
NIC Asia Bank Limited is conducting an auction for promoter shares of three companies from 12th Shrawan to 18th Shrawan, 2080. The companies include Citizen Investment Trust (CIT), Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF), and Mahuli Laghubitta Bittiya Sanstha Limited (MSLB). Qualified investors can participate in the auction for 10,000 units of CIT promoter
