BFI

Commercial Banks to Slash Interest Rates on Deposits and Lending From March 15

Commercial banks have decided to slash interest rates for the next month of Chaitra(mid-March to mid-April).  A meeting of the Nepal Bankers’ Association held on Thursday took the decision to cut the interest rates on deposits and lending for the next…

Govind Gurung Appointed CEO of Agricultural Development Bank
Govind Gurung Appointed CEO of Agricultural Development Bank
  0   1 minutes 34 seconds to read

Govind Gurung has been appointed as the Chief Executive Officer (CEO) of Agricultural Development Bank. The meeting of the Board of Directors has appointed Gurung for next four-year…

Government, NRB Positive to Remove Rs 120 millions'  Threshold on Margin Lending

Nepal government and Nepal Rastra Bank seem positive to remove the upper limit of Rs 120 million on loan against shares. In the fiscal year 2078/79, Nepal Rastra Bank(NRB) had tightened loans against shares by introducing the credit limit of 40/120…

Assets Under Management of NIBL Ace Capital Reaches Rs 4 Billion
Assets Under Management of NIBL Ace Capital Reaches Rs 4 Billion
  0   1 minutes 59 seconds to read

January 29:  The Assets Under Management (AUM) of NIBL Ace Capital Limited, one of the leading merchant banking and Investment banking company, has reached the size of Rs 4…

NRB Revises Working Capital Loan Guideline-2079 
NRB Revises Working Capital Loan Guideline-2079 
  0   1 minutes 50 seconds to read

Just two-and-a-half- month after it came into effect, Nepal Rastra Bank has revised ‘Working Capital Loan Guideline-2079’.   NRB took the decision to this effect at the directive of Prime Minister Pushpa Kamal…