The World Bank has shown interest to invest in hydropower and transmission line development. During a meeting with the finance minister Barsha Man Pun here today at his office, representatives of the bank said that it is interested in inve ...

S.No. Names Operation Date (A.D.) Head Office Paid up Capital (Rs. '00 Thousands ) 1 Nepal Housing Development Finance Co.Ltd. 1992/03/08 Bijulibazar, Kathmandu 1676 2 Nepal Finance Ltd. 1993/01/06 Kamaladi, Kathm ...

The ongoing liquidity crisis has not affected the profits of commercial banks as expected with their interest income going up by Rs. 14.3 billion in three months from the second quarter to the third quarter of this fiscal year. Their third ...

A total of 38 percent of the country’s population now has bank accounts, up from 26 percent in 2006, the latest Nepal Rastra Bank (NRB) statistics have shown. The figure, however, does not represent the exact number of people having bank a ...

The number of people holding credit cards has jumped sharply by almost 9 percent to 31,500 by the end of the first quarter of fiscal year 2009/10, thanks to eased issuance criteria and more increased acceptance of outlets. Himalayan Bank L ...

Nepal Rastra Bank, the central bank, has introduced a policy to allow foreign bank and financial institutions to open their branches in Nepal. The NRB came up with the policy in line with the commitment made by Nepal while signing General ...

The US-based Citi Bank’s decision to discontinue all banking relations with Nepal has opened door for other international banks to expand their business in Nepal in corresponding banking. As soon as Citi notified of its plan to exit, Nepal ...

The remittances inflow has seen almost eight times increase in five months to Rs 133.19 billion from Rs 17.7 billion in the current fiscal year. “Workers’ remittance increased by 37.9 per cent to Rs 133.19 billion in the fifth month of the ...

Nepal will seek support from the South Korean government for the development of railway in the country. A high level government delegation led by the Minister for Physical Planning, Works and Transport Management, Hridayesh Tripathi, is sc ...

Nepal Telecom has proposed the government to let it construct broadband infrastructure itself, according to Nepal Telecommunications Authority. An ICT project is running with the subsidy from Asian Development Bank (ADB) and the project has e ...

The country has in no uncertain terms gained for itself the dubious distinction of being one of the most corrupt countries in South Asia. With a score of 2.2, Transparency International (TI) has placed Nepal 146th out of 178 countries that ...

The Asian Development Bank (ADB) is extending $80 million loan to Nepal for water distribution improvements in the densely populated Kathmandu Valley. The ADB Board of Directors has approved the Kathmandu Valley Water Supply Improvement Pr ...

The central bank has permitted hotels to accept payments made by guests in foreign currency. The foreign exchange buying rate of the day fixed by hotels and by the banks should not be less than two per cent, directed Nepal Rastra Bank (NRB ...

The Asian Development Bank (ADB) has approved a grant of US$ 12 million to Nepal to upgrade roads and airports, crucial to improving access to isolated, poor communities. The aid will be given from its concessional Asian Development Fund f ...

The World Bank (WB) has approved a $99 million package for the Nepal-India Electricity Transmission and Trade Project (NIETTP) to help Nepal mitigate the ongoing energy crisis. The project will provide Nepal at least 100 MW of additional ...