Nepal Rastra Bank has instructed founder shareholders of banks and financial institutions to bring their equity holdings within regulatory limits by fiscal year 2030/31. Individual ownership is capped at...

  United Idi Mardi and RB Hydro Power Limited has announced a dividend proposal from its fiscal year 2024/25 profits. At a board meeting held on December 12, the company...

  NRB has introduced a provision allowing borrowers to be removed from the blacklist once a licensing institution fully recovers outstanding dues by accepting non-banking assets as collateral. The institution...

  Over the past five months, banks mobilized close to Rs 250 billion in deposits but extended only Rs 75 billion in loans, highlighting a sharp slowdown in credit growth...

  Despite sluggish activity in the industrial and construction sectors, imports of raw iron and steel materials increased by 5.87% in the first four months of the current fiscal year,...

  Nepal Rastra Bank has eased procedures for banks and financial institutions to merge or integrate branches in metropolitan areas, allowing such mergers without prior approval where electronic transactions are...

  Nepal Rastra Bank (NRB) has revised its collateral acquisition rules, now requiring banks and financial institutions to conduct at least three unsuccessful public auctions before taking over non-banking assets....

  The maximum average interest rate on individual fixed deposits at commercial banks has dropped below 5% for the period from December 16 to January 14, 2026. Following rate reductions...

  Gold prices reached a new all-time high on Monday, climbing to Rs 260,700 per tola (11.66 grams), up by Rs 1,900 from Sunday after a Rs 2,200 rise the...

Chennai : Polymatech Electronics, India’s first opto-semiconductor chip manufacturer, today announced a significant technological milestone with the development and live demonstration of its next-generation high-power UV LED chips engineered for...