Economy

Commercial Banks in alternative investment

Kathmandu December 6- Due to unfavorable condition in loan advancement sector, commercial banks are prioritizing other alternative investment sectors such as shares, foreign exchange,...

Forex reserves enough for 21 months imports

kathmandu December 6- Nepal Rastra Bank (NRB) has said the foreign exchange reserves can finance imports of about 21 months if the current trend...

Gold price rises in domestic market while silver is stable

Kathmandu December 06-Gold price increased by Rs 100 pertola and silver price remained stable over the week, during November 29 to December 4. The market...

NEPSE took a height amid positive political cues

Kathmandu December 5- Positive political cues helped the Nepal Stock Exchange (NEPSE) index gain 28.93 points or 2.77 per cent week-on-week to land at...

Construction works of 5 hydropower projects obstructed sans petro products

Lamjung December 4-  Construction works of five hydropower projects have been obstructed due to lack of petroleum products following Tarai bandh for the past...

39 fuel carrying vehicles enter Nepal via Jogbani

Dec 4, 2015- A total of 39 fuel-laden tankers have entered Nepal via Jogbani point in Biratnagar on Thursday amid India’s unofficial blockade. Officer of...

SLC exams likely to commence from April second week

Kathmandu December 4- The Office of the Controller of Examinations (OCE), Sanothimi, is preparing to hold this year’s school leaving certificate (SLC) examinations from...

Tourism Development Bank to acquire Matribhumi Bikas Bank; Also announces 16% stock dividend

Kathmandu December 4- Tourism Development Bank Limited (TDBL) will be acquiring Matribhumi Bikas Bank Limited (MTBL). Both the banks have signed a Memorandum of...

AGM of Chhimek Microfinance Development Bank to be held on December 31

Kathmandu December 4-Chhimek Microfiance Development  Bank will be convening its 14thAnnual General Meeting (AGM) on December 31 where as announced earlier, 40% of bonus...

Summit Microfinance reports astounding profit rise by 72.43%; EPS stand at Rs.23.86

Kathmandu December 4- Summit Microfinance Development Bank Limited (SMFDB) has reported massive growth in net profit of 72.43 percent for the first quarter of...

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