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


Customers of Kamana Sewa to enjoy 10% Discount at Soaltee Crowne Plaza

Kamana Sewa Bikas Bank has tied up with Soaltee Enterprise Pvt. Ltd for providing discounts to Kamana Sewa’s customers. Soaltee Crown Plaza, Kathmandu, a Five Star Hotel in Bagmati Province and Soaltee Western Premier, Nepalgunj, a Five Star Hotel in province No. 5 is renowned for its rich history as a pioneer in Nepal’s tourism


New interest rates for banks: How much for which bank?

Banking Khabar / The new fiscal year begins 2078\79 banks have announced new interest rates.  Where some banks have kept the interest rate same while some have increased. The big banks base rate is likely to fall further while some are trying to raise money on term deposits rather than savings. What is the interest


The central bank should be addicted to financial stability : Dr. Chiranjeevi Nepal

Banking Khabar / Previous Governor of Nepal Rastra Bank Dr. Chiranjeevi Nepal has focused on the need for the central bank to be addicted in financial stability as people have more trust in the policy of Nepal Rastra Bank than in the budget of the government. He said that the Deuba government should update the


Current Macroeconomic and Financial Situation of Nepal (Based on Eleven Month’s Data Ending Mid-June, 2020/21)

          Major Highlights CPI-based Inflation remained 19 percent on y-o-y basis. Imports increased 7 percent and exports increased 37.8 percent. Remittances increased 6 percent in NPR terms and 10.4 percent in USD terms. Balance of Payments remained at a deficit of 15.15 billion. Gross foreign exchange reserves stood at USD 11.71


What Is QR Code? How to use it?

    Banking news/ QR stands for quick response and information is stored within its maze-like lines that can be read by smartphones. It has being used in every product and service as provides reliable and fast access to any kind of today’s information contained in the code. First used in Japan’s automobile industry, the


‘The use of electronic payment should be increased, eventually: leading Cashless Transaction’

Bhuvan Kadel,Executive Director of Nepal Rastra Bank: Nepal Rastra Bank has been formulating various policies on electronic payment from last 5- 7 years, Where, NRB has formulating through paper.After the formulation of “Payment and Exemption Act 2075” the “Payment and Exemption Rules 2077” has also come up again. Then there is the permission policy, integrated


Smart QR in collaboration with “Financial Digitization Literacy”.

Kathmandu / Smart Choice Technology (SCT) and Media International has been reached an agreement on the operation of ‘Financial Digitization Literacy’. On Monday, in the agreement reached Smart Choice Technology signed the agreement, By Chief Executive Officer Mr. Dipesh Maskey and Chairman Mr. Madhav Nirdosh on behalf of Media International. According to this agreement, Smart


An Outlook of financial institutions compared to COVID-19 pandemic

Madan Shrestha Ex-Deputy Director of ADBL                                               A financial institution is a company involved in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange. Effectively everyone


An Outlook of financial institutions compared to COVID-19 pandemic

Madan Shrestha A financial institution is a company involved in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange. Effectively everyone living in a developed economy has an ongoing or at least periodic need for the services of financial institutions. In the context of Nepal, the major