BS 2081 Jestha 4
Nepal:
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Guide to OZ Jobs/Rooms listingsNews tagged 'commercial banks'
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 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...
Kumari Bank to acquire 4 financial institutions
Feb 2, 2017
Nepal Rasta Bank (NRB) has permitted Kumari Bank Ltd to acquire Kasthamandap Development Bank Ltd, Pashchimanchal Finance Company Ltd, Mahakali Bikas Bank Ltd and Kankrebihar Development Bank Ltd. Issuing a statement, the bank said that the joint committee for acquisition has decided to acquire all four institutions at the rate of Rs 85 per share ...
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