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What is ‘BIMSTEC’? What was it established for?

The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is a regional organization comprising seven Member States lying in the littoral and adjacent areas of the Bay of Bengal constituting a contiguous regional unity. This sub-regional organization came into being on 6 June 1997 through the Bangkok …

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25 banks enters in billionaire club

Among the 28 A class Banks, 24 banks increased their profit in the last fiscal year in comparison to previous one. Profit of 25 banks is in billion. Rastriya Banijya Bank is at the top and Civil Bank is at the bottom in terms of profit amount. S.N Banks Profit …

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Current Macroeconomic and Financial Situation of Nepal

(Based on Annual Data of 2017/18) Macro-Financial Outlook 1. The recent national, international and monsoon related developments portend a mixed macro-financial outlook for 2018/19. On the domestic front, successful conclusion of elections, formation of governments and the formulation of budget at all three levels of governments have the potential to …

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Process of opening an bank account in Korea

Setting up a bank account requires proper identification and proof of residency. Usually, a valid passport and an alien registration card suffice as documents for review by commercial banks. Once a bank account is open, the bank will issue a check card. The time taken to issue check cards may …

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8 Qualities, one must develop to get job at bank

Gobinda Dhakal, Act. President, Development Bankers Association – Banking sector of Nepal is busted in last few years. Despite of decrease in number of banks, their network is growing all over Nepal. These banks and their branches are providing thousands of employment. I hear that people are complaining about banks …

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Why Banks Require a Minimum Balance

Many financial institutions require a minimum balance to open an account, earn a higher interest rate and avoid a service fee — or any combination of these things. In short, they need to be able to make more money from your deposits than you cost them to maintain your accounts. …

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Macroeconomic and Financial Situation of Nepal : 11 month’s data

Current Macroeconomic and Financial Situation of Nepal is published by Nepal Rastra Bank, which is based on Eleven Months' Data of 2017/18. Macroeconomic Outlook 1. In Nepal, monsoon rains underpin the agricultural output, especially the performance of summer crops. So far, there has been a good start of monsoon rains. As …

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Highlights of monetary policy-2018/19

Nepal Rastra Bank has unveiled the monetary policy for fiscal year 2018-19. The central bank has tried to partially address the current problems of banking sector such as shortage of loanable funds, sources for microfinances, interest rates and so on.The major highlights of the policy are presented below: –  Weighted …

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