Banking’s Darkest Scandals: Fake Records, Real Losses!
Banking Khabar/ The banking sector is generally regarded as a safe, reliable, and organized financial mechanism. Citizens trust that their earnings, savings, and assets will...
Dashain Gift for Shareholders: Half a Dozen Banks Announcing Dividends
Banking News/ Half a dozen banks are set to announce dividends before Dashain. Everest Bank has already declared dividends on Thursday. The bank’s Board of...
Rastra Bank Transfers 107 Employees, Restructures Executive Responsibilities
Banking Khabar/ A total of 107 employees have been transferred at once in Nepal Rastra Bank. Those transferred include employees ranging from Assistant Directors to...
Rastra Bank Releases ‘SIPS Framework’ to Streamline Payment Systems
Banking Khabar/ Nepal Rastra Bank has released the “Framework for Identifying Systematically Important Payment Systems” to enhance the security and organization of payment systems, particularly...
FOREIGN COMPANIES SUDDENLY EXITING NEPALI BANKS BY WITHDRAWING SHARES
Banking Khabar/Foreign investors in Nepal’s banking sector have started rapidly exiting by selling their shares. Recently, Pakistan’s Habib Bank and India’s Muthoot Finance Limited have...
BAD LOANS RISE, SEVEN DEVELOPMENT BANKS INCLUDING SANGRILA AT RISK!
Banking Khabar/ In recent years, Nepal’s financial market has been under continuous pressure. Particularly, development banks have been further deteriorating as they lose the trust...
FOREIGN CURRENCY UP TO USD 5,000 ALLOWED WITHOUT DECLARATION.
Banking Khabar / Foreign nationals will be allowed to bring up to 5,000 US dollars. According to a new circular issued by Nepal Rastra Bank,...
FALLING RATES PUSH DEPOSITORS TO NEW OPTIONS!!
Banking Khabar/ After bank interest rates started to decline, the flow of deposits into banks has also begun to decrease. Statistics show that when deposit...
Banks have to prepare last year’s audit report in the new format!
Banking Khabar/ Nepal Rastra Bank has changed the format of the audit report to be prepared by banks. Issuing a circular, Nepal Rastra Bank has...
Commercial Banks’ Dividend Capacity Reaches Up to 38 Percent
Banking Khabar / 19 Listed Commercial Banks Publish Annual Financial Reports. According to the reports, Nepal Bank, Kumari Bank, NIC Asia Bank, and Himalayan...