Banking & Insurance
Reimports and shares were the main focus of bank credit expansion.
The Nepal Rastra Bank's flexible monetary policy has led to increased credit flow in the import and stock market for sustainable domestic economic activities.
Rashtra Bank's determination that it is necessary to look for an alternative to the online payment method.
Nepal Rastra Bank suggests promoting USSD technology as an alternative to the current Internet-based payment system, according to a study conducted by its payment system department.
Despite the 2.5 million increase in mobile banking customers, less transactions were made.
In August 2021, there has been a significant rise in the number of mobile banking users.
Use the kids' funds to fund an insurance plan for them.
Nepal has 14 life insurance companies, offering coverage for up to 25 lakh rupees and some also insuring newborn babies.
A declaration of 75.74 percent cash dividend for Sanima Limited's IPO will also be released.
Sanima Limited has proposed an initial public offering (IPO) at its annual general meeting on November 14.
Rashtra Bank's "Sukila note" was traded for almost 2000 within six days.
Nepal Rastra Bank reports that nearly 2,000 people have signed the 'Sukila Note' in six days, with the majority of the note being accepted by common people.
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The insurance regulatory body intends to develop a safety plan for aviation insurance.
At the 'Aviation Risk Management Conclave' in Kathmandu, Chairman Surya Prasad Silwal acknowledged the need for an organized air sector insurance strategy.
The interest rate falls in tandem with the decline in banks' fixed deposit share.
Banks are lowering interest rates, reducing the share of term deposits in total deposits due to liquidity ease and prioritizing regular deposits over term ones.
Green Development Bank Limited's promoter shares were converted, changing the shareholding ratio to 51:49.
Green Development Bank Limited (GRDBL) has changed the promoter-public shares conversion from 55% - 45% to 51% - 49%, as per a notice from Nepal Rastra Bank.
NMB Capital will serve as the sale manager for Hulas Finserv's IPO.
Hulas Finserv Hire Purchase is preparing to issue an IPO, with NMB Capital being appointed as the securities issue and sales manager.
The VAT regime for digital transactions is being revised by the government.
The government plans to modify the VAT system due to the negative impact of VAT on electronic payments and customer growth.
The availability of insurance fell by 1.11 percent.
The Nepal Insurance Authority reported a 1.11 percent decrease in the country's insurance expansion in the last financial year.
