EIC Employee on Strike
Employees of Everest Insurance Company (EIC) are on strike from Wednesday (July 24). After Insurance Board has partially banned on EIC to handle fire insurance business, it has not been capable to renew its license. So, stating that the Insurance Board and the management team of company have not taken any steps to change the situation, the employees of the EIC have been on strike daily from July 24.
NB Bank Awarded for Best Financial Report
Nepal Bangladesh Bank has bagged 1st runner up award for best financial report. The annual award is given by Nepal Chartered Accountants’ Association. The financial reports are evaluated as per the rules set by South Asian Federation of Accountants and the reports that are adjudged best in the country are then sent to compete at the South Asian level. NB Bank made a remarkable improvement compared to last fiscal year.
Laxmi at Waling and Kohalpur
Laxmi Bank has opened branches at Waling, Syanga and Kohalpur, Banke. After these, the number of branches of bank reached 33.
Sanima at Hetauda
Sanima Bank Limited (Sanima) has opened its 25th branch at Hetauda. The branche was jointly inaugurated by the Chairman, Jiba Lamichhane and Brand Ambassador of Sanima, Hari Bansha Acharya & Madan Krishna Shrestha (MAHA).
Citizens’ ATM at Bhat-Bhatani
Citizens Bank International on Wednesday, July 24 installed its 36th ATM terminal at Bhat- Bhateni Supermarket, Bhat-Bhateni.
NIBL Debentures Allotted
Nepal Investment Bank Limited (NIBL) has allotted Rs.500 million Redeemable “8% NIB Debenture 2077” to general public on (6th Shrawan, 2070), It is refunding money to the non-allottee investors from 11th Shrawan, 2070.
Manaslu IPO
Manaslu Bikas Bank Ltd is going for initial public offering (IPO). The bank is going to issue 3,60,000 ordinary shares to the public at par value of Rs 100.
Grade 4 for Mahakali IPO
ICRA Nepal Limited has assigned a [ICRANP] IPO Grade 4 (Pronounced as ICRA NP IPO Grade Four) Rating to the Rs. 80 million Right Issue of Mahakali Bikas Bank Limited. Instruments with this rating are considered to have below-average fundamentals.
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