Sept 5,
2019
Cross banking
transactions via ATMs
put on hold after hack.
Read more.
Dec 19,
2018
Commercial banks
launched another
interest rate war even
as the Finance Ministry
is studying the impact
of rising interest rates
on deposits.
Read more.
Nov 19,
2018
Some CEOs of commercial
banks have stood against
the decision of the
Nepal Bankers’
Association (NBA) to cap
interest rates on fixed
and saving deposits.
Contending that the cap
was costing them dearly,
they have reportedly
called for scrapping the
cap altogether.
Read more.
Oct 12,
2018
Following widespread
complaints that banks
have been reluctant to
lower their interest
rates despite being in a
comfortable liquidity
position, Nepal Bankers
Association (NBA) -- the
umbrella organization of
28 commercial banks --
has decided to bring the
cap on deposit rates by
0.5 percentage point..
Read more.
Sept 6,
2018
Laxmi Bank Ltd and Krown
Laboratory & Referral
Center (K-Lab) have
signed an agreement for
a community campaign
named 'K-lab for
Community'. The major
target of the campaign
is to provide quality
laboratory services at
reasonable cost
throughout the country.
Read more.
April 23,
2018
Assistant manager of the
Rastriya Banijya Bank (RBB)
Bardibas branch,
Jagadish Prasad Kafle,
has been arrested
red-handed while
accepting bribe money
from a client.
Read more.
March 22,
2018
Laxmi Bank has increased
the interest rate of 'Lakshit
Muddati - Recurring
Deposit' to 10 percent
per annum. The bank is
rewarding serious savers
with interest rate of up
to 10 percent on the
Lakshit Muddati -
Recurring Deposit'
scheme.
Read more
Feb 22,
2018
Civil Bank Limited has
announced the launch of
a new saving product
named 'Sagarmatha Bachat
Khata' which offers 10
percent interest rate
per annum.
Read more
Feb 20,
2018
Dev Development Bank Ltd
has shifted its Pokhara
branch office to a new
location. The branch
office at New Road in
Pokahra-Lekhnath
Metropolitan City Ward
No 9 has been moved to
Chipledhunga in
Pokhara-Lekhnath
Municipality Ward No 8.
.
Read more
June 20, 2017
Citizens Bank
International Ltd (CBIL)
has opened its 59th
branch office at Chame
of Manang.
CBIL Deputy CEO Ganesh
Raj Pokharel inaugurated
the new branch office on
Monday, according to a
statement issued by the
bank. With this branch
office, the bank now has
24 branch offices in
Kathmandu Valley and 35
out of the valley.
Read more
June 1, 2017
Lower than expected
growth in deposits over
the past two weeks has
shattered hopes of
bankers who were
expecting that the local
level polls and surge in
capital expenditure at
the end of the fiscal
year would pump more
money into the banking
sector that is grappling
with shortage of
lendable funds.
Read more
April 22, 2017
Registration of personal
vehicles saw a drastic
drop in the seventh and
eighth of current fiscal
year, thanks to
tightening bank loans.
Read more
April 20, 2017
A delegation of
Confederation of
Nepalese Industries (CNI)
on Wednesday met the
acting governor of Nepal
Rastra Bank (NRB),
Chintamani Shiwakoti,
and expressed its
concern over recent rise
on bank lending rates.
Read more
March 28, 2017
Nepal Telecom (NT), a
service provider of
cellular mobile phones
in Nepal, has said that
it will provide loan
service to its customers
on Tuesday. Issuing a
press statement today,
the NT said that the
service will be started
within the next five
months.
February
1, 2017
Nepal Credit and
Commerce Bank Ltd has
launched 'NCC Utsab
Bachat Khata' on the
occasion of its 20th
anniversary. Issuing a
statement, the bank said
that customers will get
6.5 percent interest on
the saving account.
Read more.
February
1, 2017
Nepal Rasta Bank (NRB)
has permitted Kumari
Bank Ltd to acquire
Kasthamandap Development
Bank Ltd, Pashchimanchal
Finance Company Ltd,
Mahakali Bikas Bank Ltd
and Kankrebihar
Development Bank Ltd.
Read more.
October 2,
2016
The Nepal Rastra Bank (NRB)
has started distributing
new banknotes to general
public for the Dashain
festival from Sunday.
Read more.
August 25,
2016
With the shortage of US
dollars becoming acute,
commercial banks are
preparing to bring the
greenback from their
accounts in foreign
banks.
Read more.
August 9,
2016
Sunrise Bank Ltd said
Sunday that it had
relocated its Sunwal
Branch. The bank said
the branch was relocated
approximately 100 meters
east from its previous
location in Sunwal Chowk.
Read more.
June 28,
2016
Sunrise Bank Ltd has
started its seventh
branchless banking
service in Nayabazar of
Ilam. The commercial
bank said that the
branchless banking
service expansion was
part of the bank’s plan
to provide banking
service in unbanked
areas.
Read more.
June 2,
2016
Sunrise Bank Ltd has
decided to acquire
National Finance. The
bank said that its
special general meeting
held on Thursday
endorsed the proposal
decision to acquire
National Finance Ltd.
The two institutions
have already signed an
agreement of
acquisition.
Read more.
April 26,
2016
Siddhartha Bank Ltd and
Business Universal
Development Bank Ltd (BUDBL),
which are pursuing
merger, have set their
share swap ratio at
115.59:71.64. Annual
general meetings of both
the institutions
endorsed the swap ratio
and merger proposal.
Read more.
April 1,
2016
Laxmi Bank Ltd has
announced the expansion
of its 'low cost
residential loans' on
the occasion of its 14th
anniversary. The
commercial bank said
that the scheme, started
in 2013 for the
low-income families in
Tansen and Pokhara, has
now been expanded to
Biratnagar and Kohalpur.
Read more.
Feb 14,
2016:
Nepal Rastra Bank blocks
Rs 500m in dividends to
Nabil int'l shareholder.
Read more
Feb 02,
2016:
Citizens Bank
International Ltd has
started branchless
banking service in
earthquake-hit
Sushmachemawati VDC of
Dolakha.
Read more
Jan 14,
2016:
Nepal Credit and
Commerce (NCC) Bank and
Kumari Bank Ltd along
with four other
development banks have
decided to go undergo
merger.
Read more
Dec 31,
2015:
Sunrise Bank Ltd has
opened its first
branchless banking
service (BLB). Issuing a
statement, the
commercial bank said
that its board director
Dipak Prasad Bhattarai
inaugurated the
branchless banking
outlet at Mangaltar of
Kavre.
Read more
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