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“Mega and Tourism merger—against the interest of shareholders”

Mega Bank Nepal Limited (MEGA) and Tourism Development Bank Limited (TDBL) have signed an agreement for merger. The MOU was signed on Magh 6, 2073 and close sources concerned with MEGA have said that the MOU was signed out of…

Himalayan Power Partner to issue 10.65 lakh units IPO shares for the locals of Lamjung district from Magh 17

Himalayan Power Partner Limited will be issuing 10,65,417 unit shares worth Rs 10.65 crore as part of its Initial Public Offering (IPO) for the locals of project affected people of Lamjung district (5,32,708 units to the most affected local people…

Mega Bank signs MOU with Tourism Development Bank for merger; paid up to reach 6.5 arba; Mega’s 65% right in dilemma

Mega Bank Nepal Limited (MEGA) has signed an agreement with Tourism Development Bank Limited (TDBL) for merger. The MOU was signed yesterday (Magh 6, 2073) and the swap ratio has been fixed at 100:95. Following the merger process, trading of…

Cutoff Price for 17,479.60 units promoter and 42,259 units ordinary shares of Miteri Dev. Bank stood at Rs 297 and Rs 445

Miteri Development Bank Limited (MDB) had auctioned ordinary and promoter right shares to the general public from Poush 26 to Magh 4, 2073. The cutoff price for promoter shares stood at Rs 297 and for ordinary shares stood at Rs…

Yeti Development Bank earns Rs 14.41 crore in Q2; NPL declines to 3.8 percent

Yeti Development Bank Limited (YETI) has reported a decline of net profit by 10.27 percent in 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…

Western Development Bank’s operating profit grows by 109%

Western Develoment Bank has shown an amazing growth of 109% in the 2nd quater of this fiscal year. The bank has earned Rs.5.42 crores as operating income and Rs.2.64 crore as net income. The net income also shows a growth of…

Prabhu Bank receives approval for ASBA

Prabhu Bank Limited has received an approval for ASBA system. Under this system, the bank will collect the application forms and block the applied amount from investor’s bank account. Upon the allotment, the investor’s amount will be released after debiting…

Kasthamandap Development Bank receives approval for ASBA system

Kasthamandap Development Bank has received approval for ASBA (Applications Supported by Blocked Amount) from SEBON. The bank will now be able to collect the application forms in case of public issues, and work as per prescribed rules. Under this system, the…

Fewa Bikas Bank earns Rs. 28.53 crore in Q2

Fewa Bikas Bank has shown 65% increase in its operating profit in the second quarter of the current fiscal year, compared to that of same period last year. The operating profit in the 2nd quarter of current fiscal year stands…

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…

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