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Guide to OZ Jobs/Rooms listingsNews tagged 'banks and financial institutions'
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...
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...
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...
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...
