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Citizens Bank Partners with Vinayak Hospital: Up to 10% Discount for Cardholders & Mobile Banking Users 1
Business | Market | Economy

Citizens Bank Partners with Vinayak Hospital: Up to 10% Discount for Cardholders & Mobile Banking Users

Introducing an exclusive partnership between Citizens Bank International Limited (CZBIL) and Vinayak Hospital & Maternity Home Pvt. Ltd., Tokha, Kathmandu! As of 19th Magh 2080, customers holding Citizens Bank International cards or utilizing mobile banking services are in for a treat. With the newly signed Memorandum of Understanding (MoU), Vinayak Hospital extends a generous discount […]

"Sanima Bank Partners with Swisscontact to Boost Agri SMEs Investment in Koshi." 5
Business | Market | Economy

“Sanima Bank Partners with Swisscontact to Boost Agri SMEs Investment in Koshi.”

  Sanima Bank Ltd and Swisscontact/Nepal Agriculture Market Development Program Phase II have joined hands to strengthen Sanima Bank’s ability to support Agri-SMEs in Koshi Province. The main objective of this partnership is to provide financial assistance to Agro processing enterprises in the region and raise awareness about the available opportunities. They plan to leverage

FonePay IPO : Signs MOU with NMB Capital as IPO Advisor 9
IPO | FPO

FonePay IPO : Signs MOU with NMB Capital as IPO Advisor

FonePay, the driving force behind Nepal’s digital payment system, is making significant strides towards launching its initial public offering (IPO). The company’s CEO, Diwas Sapkota, announced the collaboration with NMB Capital, leveraging their expertise to prepare for the IPO and inspire other tech companies in Nepal. With over 1.7 million mobile banking app and digital

Federal Reinsurance Brokers Limited enters an agreement with the Banking Finance and Insurance Institute of Nepal to strengthen the insurance sector's capability. 13
Business | Market | Economy

Federal Reinsurance Brokers Limited enters an agreement with the Banking Finance and Insurance Institute of Nepal to strengthen the insurance sector’s capability.

  On April 13, 2023, Federal Reinsurance Brokers Limited and Banking Finance and Insurance Institute of Nepal Limited signed a Memorandum of Understanding (MOU) to form a long-term strategic alliance in the areas of training, research, and consulting for the insurance sector’s capacity development. Ms. Alpana Sharma, Company Secretary, and Mr. Saurav Baral, Research Analyst

Nerude and Mirmire Laghubitta Sign Merger Agreement 15
Business | Market | Economy

Nerude and Mirmire Laghubitta Sign Merger Agreement

  According to the Nepal Stock Exchange, the final merger agreement between Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) and Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB) has been completed and approved (MEPSE). Poush 11, where the chairman of both organizations signed a memorandum of understanding for merger, the companies had signed a memorandum of understanding for

The final merger agreement between IME General and Prudential Insurance is signed at a swap ratio of 1:1. 21
Business | Market | Economy

The final merger agreement between IME General and Prudential Insurance is signed at a swap ratio of 1:1.

  IME General Insurance Limited (IGI) and Prudential Insurance Company Limited (PICL) sign a merger agreement, and the two companies will be combined using a 1: 1 swap ratio. IME General Insurance Limited (IGI) and Prudential Insurance Company Limited (PICL) reached an agreement for the merger during a meeting of the Board of Directors on

Manushi Laghubitta (MLBS) and Shrijanshil Laghubitta (SHLB) Sign Merger Agreement at 1:1 Swap Ratio 23
Business | Market | Economy

Manushi Laghubitta (MLBS) and Shrijanshil Laghubitta (SHLB) Sign Merger Agreement at 1:1 Swap Ratio

Following the merger, the institution’s name was changed to Manushi Shrijanshil Laghubitta Bittiya Sanstha Limited. Similarly, for the merger, an equal share swap ratio, i.e. a 1:1 swap ratio, has been finalized. For the merger process, a joint merger committee will be formed with 3/3 representatives from both organizations. The goal is to complete the

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