April 28: Nepal Bank has planned of selling promoters’ shares of Nepal Insurance through auction bidding. The bank is selling 1,031,674 unit shares of Nepal Insurance at the minimum price of Rs 400. The bank has appointed Siddhartha Capital as Issue Manager. The bank has informed that interested investor can auction bid for minimum 100 unit shares and maximum 15 percent paid-up capital of the insurance company i.e. 431,410 unit shares. The existing shareholders of Nepal Insurance have to consider the limitation while auction bidding for the shares. The shareholders applying above Rs 1,000,000 needs to include their PAN number compulsorily, while, those shareholders applying up to Rs 1,000,000 can include their PAN number voluntarily. “The minimum…

April 28: Sunrise Bank has opened an extension counter and ATM counter at Chitwan Medical College building. Dr Daya Ram Lamsal, Director of Chitwan Medical College and Ratna Raj Bajracharya, Chief Executive Officer of NMB Bank jointly inaugurate the ATM and extension…

April 28: NMB bank has initiated corporate campaign with the slogan “Aatmanirvar Nepal Ko Sath Ma NMB Bank.” The campaign aims to promote positive energy of self-reliant Nepal. According to the roadmap for self-sufficient and economical progress of Nepal, the bank is providing services in agricultural, solar energy, small and medium industry loan, retail and other underprivileged sectors. At present, the bank is serving its customers through 69 branches, 48 ATMs and 7 extension counters.…

April 27: Himalayan Bank has distributed solar lights and blanket to 850 locals of Nuwakot district, Valche VDC, ward no 3-9 under corporate responsibility of the bank. Similarly, the bank has provided educational and sport materials to 300 students of Jalju Primary School of Valche- 4. Kapil Prasad Lohani, Chief of Administration and Human Resource Department along with other officials of Himalayan Bank, distributed those merchandise amid a program organised today.…

April 27: The net asset value (NAV) of Global IME Samunnat Scheme 1 for Mid-March to Mid April is Rs 9.19. The investors who paid Rs 10 per unit of mutual fund has occurred loss of Rs 0.81. NAV value of Global IME Samunnat Scheme 1 has decreased as the mutual fund has come into operation few months back only. During the period, company has invested the fund in stock of 15 various…

April 26: NEPSE has listed bonus shares and right shares of seven various companies today. Among the companies, bonus share and right shares of a commercial bank, five various development banks and a finance company has been listed today in the country’s sole stock…

April 26: Pachimanchal Development Bank, headquartered in Rupandehi, has officially merged with Mega Bank amid a program organised at Butwal on Monday. On the occasion, Dr. Chiranjibi Nepal, Governor of Nepal Rastra Bank, gave his best wishes to Mega Bank and expressed his confidence of progress and expansion after merger.…

April 25: The 233rd BOD meeting of Sewa Bikas Bank has proposed to issue 1:1.2 right shares to its existing shareholders. The right shares issuance is subjected to approval from the bank’s upcoming special general meeting.…

April 22: A ‘B’ listed national level bank, Garima Development Bank and Subhechya Development Bank, operating in three regions, have finalised the merger process amid a program on Wednesday. The central office of Garima Development Bank is located at Pokhara whereas Subhechya Development Bank at Chitwan. Dilip Pratap Khaan, Chiarman of Garima Development Bank and Dr. Ananda Shrestha, Chairman of Subhechya Development Bank signed the agreement on behalf of their respective…

Siddhartha Insurance has organised a blood donation program in Pokhara. According to Govinda Devkota head of the Pokhara branch, 29 people donated blood on the program which was organised to mark the 10th aniversary of the…

April 20: Security Board of Nepal (SEBON) has directed Nepal Stock Exchange (NEPSE) to formulate contemporary regulations within current FY, releasing a press release on Monday. SEBON clarifies “Since the implementation of the present Securities Listing By-Laws 2053, capital market has changed drastically. The same old by-laws might not be able to appraise the real status of the listed companies, thus for the development of listed companies, contemporary regulations should be formulated.” SEBON explains that the new regulation is need of the hour as in the last 20 years capital market has come so far. During the period, Securities Act 2063 has been implemented, capital of listed companies has increased by many times and securities trading have been automated, thus the old regulation…

April 18: 8th annual general meeting of Nepal Telecom will held on May 2. Company has informed that register book of shareholders will be closed from April 17-May 2 for the purpose of its forthcoming AGM. The AGM is supposed to endorse the proposed 50 percent cash dividend to the shareholders.…

April 18: The register of shareholders of Karnali Development Bank will remain close on April 26. Bank has informed that the shareholders’ register will be closed in a bid to issue right shares in proportion of 2:1 to its shareholders.…

April 17: Special general meeting of Guheshwori Merchant Banking and Finance held on April 14 has endorsed 50 percent right share. Paid-up capital of the company will reach Rs 440.6 million after distribution of right share. Presently, company has Rs 330 million paid-up capital.…

April 17: Lumbini Bank will held its 18th annual general meeting at Narayangarh Chamber of Commerce and Industry, Chitwan on May 9. In the meeting, proposals on endorsement of 15 percent bonus share, continuation of merger, endorsement of swap ratio and approval of Rs 10.2 million funds contributed to Prime Minister Disaster Fund for earthquake survivors. The Bank’s shareholder’s book will be closed from Dec 27 to May 9.…