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Global IME Bank’s Ratings Upgraded

ICRA Nepal, the first credit rating agency in Nepal which follows world renowned Moody’s standard, has upgraded the issuer rating of Global IME Bank to [ICRANP-IR] A from [ICRANP-IR] A- and its existing subordinated debentures to [ICRANP] LA from [ICRANP] LA-. The ratings indicate an adequate degree of safety regarding the timely servicing of financial

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Eric Reguly, European Bureau Chief, Rome –Abolishing interest rates sounds like the greatest idea since spray cheese. Money for nothing, mortgages for free! In Denmark, Jyske Bank AS is offering 10-year mortgages where the bank actually pays the borrower interest of 0.5 per cent a year. Imagine that. But that’s what happens when the banking

Technology

Non-cash retail payments from NCHL crosses 3 time GDP

Banking Khabar/ Non-cash retail payment transactions processed through NCHL’s payment systems during the FY2077/78 has crossed over 304% of GDP of Nepal. NCHL has been operating major national payments systems including NCHL-ECC, NCHL-IPS and connect IPS along with other channel platforms for its member banks/ financial institutions, payment service providers and various other institutions including

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Non-cash retail payments from NCHL crosses 3 time GDP