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Is this the real liquidity crunch or are banks just short of investable fund? Credit crunch is imminent if the government doesn’t react fast

There is a wide speculation going among general investors that the commercial banks are manipulating the interest rate and they are creating an artificial liquidity shortage. This statement was further supported when the commercial banks denied subscribing Rs 30 billion…

How to apply for Forward Community Microfinance IPO using ASBA (Step-by-Step Process)

21 commercial banks and 9 development banks have received approval for Applications Supported by Blocked Amount (ASBA) system from SEBON. Interested applicants can provide application on the ASBA form from 1,507 branches in 73 districts all over Nepal. SEBON is…

Market closes in green, turnover rises

Nepal Stock Exchange Limited (NEPSE) Index has increased by a meager 0.33 points today (0.02%) to close trading at 1462.56. Today the turnover was Rs.33.95 crore, Rs 3.01 crore more than yesterday. Today, Nepse Index opened at 1462.23 points, and…

Citizens Bank International introduces 9.5% fixed deposit scheme for 180 days

Citizens Bank International has introduced a fixed deposit scheme with 9.5% p.a. interest for 180 days. Customers can avail the scheme from any branch of this bank. Issuing a press release, the bank said that it has also obtained approval…

37.72 lakh units shares of Progressive Finance, Siddhartha Dev Bank and United Finance listed in NEPSE

Nepal Stock Exchange has listed over 37.72 lakh units shares of three companies today. Now, the shareholders holding these shares can sell them on NEPSE. Listing of right shares of Progressive Finance Ltd. 98,400 units right shares of Progressive Finance…

Manjushree Finance issuing 175% (43.86 lakh units) right shares from today; offer closes on Falgun 11

Manjushree Finance Limited (MFIL) is issuing 1:1.75 (175%) right shares to its existing shareholders from today (Magh 6, 2073). The rights issue will remain open for 35 days before closing on Falgun 11, 2073. Manjushree Finance will be issuing a…

Sagarmatha Finance reports 83 % increase in net profit; Reserve grows by 88%

Sagarmatha Finance Limited (SAFL) has posted a growth of 83.61 percent in its net profit for the second quarter of the fiscal year 2073/74. According to the unaudited financial report published by the finance company today, its net profit has…

Deva Bikas Bank reports outstanding growth in Q2; earns Rs 14.03 crore; EPS rises to Rs 27.95

Deva Bikas Bank Limited (DBBL) has posted an outstanding profit growth of 149.03 percent for the second quarter of the fiscal year 2073/74. According to the unaudited financial report published by the development bank today, its net profit has increased…

Nepal SBI announces its 23rd AGM on Magh 27; to endorse 28% bonus share

Nepal SBI Bank Limited (NSBI) will be convening its 23rd Annual General Meeting (AGM) on Magh 27, 2073. The AGM is going to be held at Army Officers Club, Bhadrakali, Kathmandu at 11: 00 AM. Main agendas of the AGM…

Nepal SBI Bank Limited appoints NMB Capital Limited as issue manager for its upcoming 10:4 right issue

Nepal SBI Bank Limited (“SBI”) has appointed NMB Capital Limited as the issue manager to issue right share worth Rs 19,919,423.60 to its shareholders. Issuing a press release, NMB Capital said that Mr. Anukool Bhatnagar, Chief Executive Officer (CEO) of…

 

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