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Guide to OZ Jobs/Rooms listingsNews tagged 'Banks'
UN agency urges help for Banksy-sponsored migrant ship
Aug 30, 2020
LONDON: The UN refugee agency urged European nations on Saturday to let in hundreds of migrants rescued from the Mediterranean Sea by humanitarian boats — including one sponsored by street artist Banksy. The UNHCR and the International Organization of Migration said more than 200 rescued refugees and migrants needed to immediately get off th...
Cases of coronavirus rising among bank staff
Aug 11, 2020
KATHMANDU, AUGUST 10 The rising cases of coronavirus among bank staffers across the country have raised serious concerns over the effectiveness of measures adopted by banks and financial institutions (BFIs) to prevent the spread of the virus. As banking services are among essential services and directly linked to the public, the spread of the conta...
Rapper Azealia Banks’ cryptic social media messages worry fans
Aug 10, 2020
KATHMANDU: American rapper Azealia Banks has worried her fans as she posted a series of disturbing messages on her Instagram story saying she will end her “tenure on earth soon” on August 9. “Yea, I think I’m done here. This pandemic, extreme lack of social interaction, no intimacy, combined with the constant public ridicule...
NRB indirectly pressuring BFIs for merger
Aug 3, 2020
KATHMANDU, AUGUST 2 Though the government and Nepal Rastra Bank (NRB) have been saying that banks and financial institutions (BFIs) will not be compelled for merger and acquisition, the central bank is seen indirectly pressuring banks to go for merger. As per sources, NRB is preparing to seek progress report on merger and acquisition from banks tha...
‘Into the Wild’ bus likely lands a home at Fairbanks museum
Jul 31, 2020
ANCHORAGE, ALASKA: An infamous bus appears headed to a new home at a museum in Fairbanks after being removed from Alaska’s backcountry to deter people from making dangerous, sometimes deadly treks to visit the site where a young man documented his demise in 1992. The state Department of Natural Resources said Thursday that it intends to negot...
Italy returns stolen Banksy to France on Bastille Day
Jul 15, 2020
ROME: Italy on Tuesday returned to France a stolen artwork by British artist Banksy that was painted as a tribute to the victims of the 2015 Paris attacks at the Bataclan music hall. The chief prosecutor in charge of the investigation, Michele Renzo, told the French ambassador that it was significant that the handover was occurring on Bastille Day,...
Share market surges for second consecutive day
Jul 2, 2020
KATHMANDU, JULY 1 Owing to easy availability of loans from the banks and financial institutions, the secondary market witnessed a bull run for the second consecutive day today. Nepal Stock Exchange (Nepse) witnessed three positive circuit breakers and trading was suspended for the rest of the day today as well. The first circuit breaker was applied...
Investable resources get frozen in banks amid low credit demand
Jul 1, 2020
KATHMANDU, JUNE 30 Owing to the months-long lockdown which has discouraged the demand for credit, the investable budget with banks is not only increasing but also getting frozen. While banks are witnessing a rise in deposits, their credit flow has come down drastically. As a result, a huge amount of investable financial resource has been lying idle...
Banks mull slashing interest rate on deposits from new fiscal year
Jun 30, 2020
KATHMANDU, JUNE 29 Banks are preparing to reduce the interest rate on deposits citing that the low interest rate on loans and higher rates on deposit are adding to the financial pressure on banks and financial institutions (BFIs). Though banks have not been reducing interest rate on deposits despite the pressure to bring down interest rate on loans...
Banks to adopt austerity measures as COVID-19 hits businesses
Jun 29, 2020
KATHMANDU, JUNE 28 With their financial position being hit and expected to be hit even harder in the coming months due to the COVID-19 pandemic, banks and financial institutions (BFIs) are falling back on austerity measures including not renewing the agreement of those working on contract basis, reducing allowances of staffs and bringing down the a...
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