Nepal is hosting a world summit on Microfinance on February 14-16 as the country continues its long battle to expand and consolidate the service delivery institutions. The main output of the summit will be the joint declaration and an action plan for building a strong and inclusive microfinance sector.
Nepal is hosting a world summit on Microfinance on February 14-16 as the country continues its long battle to expand and consolidate the service delivery institutions. The main output of the summit will be the joint declaration and an action plan for building a strong and inclusive microfinance sector.
Nepal is hosting a world summit on Microfinance on February 14-16 as the country continues its long battle to expand and consolidate the service delivery institutions. The main output of the summit will be the joint declaration and an action plan for building a strong and inclusive microfinance sector.
Financial information for Nepalis. Banks, insurances companies, financial institutions in Nepal. Also remittance and others. Further tips for earning money the easy way.
The central bank has informed that inflation rate has increased by a staggering 7.6 percent in the first six months of the current fiscal year.
Earlier, the Nepal Rastra Bank (NRB) had revised inflation rate for the current fiscal year and projected it at 6.6 percent from an earlier projection of 6 percent citing price increase in major food items and petroleum products.
Speaking at a programme 'Mid-term Review of Monetary Policy 2006/07' in Kathmandu on Wednesday, Executive Director of the central bank Ram Prasad Adhikari informed that economic growth would slow down this year and projected the revised growth at 3.8 percent from the previous projection of five percent.
National Insurance Company Limited (NICL) Nepal today unveiled its plan to tie up with various automobile dealers to provide a 'cashless settlement' facility to customers against damages caused to vehicles.
Once the policy is launched, vehicle owners, whose vehicles have been damaged in minor or major accidents, can repair the vehicle, without investing their own money, a first of its kind in the country. “We have initiated necessary processes to launch the new product. We hope we will be able to introduce it soon,” said Sujit Das, director and general manager of NICL India, who is currently in Nepal, addressing a press meet in Kathmandu today.
If you are planning to purchase shares with loans from financial institutions during the initial public offering, simply give up the idea.
Nepal Rastra Bank (NRB) has recently directed financial institutions not to extend loans for the purpose of purchasing shares during the first phase of initial public offering (IPO).
However, the central bank has stated that institutions could be allowed to give loans after a week of the offering, if the shares are not fully subscribed until then. They are required to keep at least 50 percent margin in their lending. The financial institutions were providing loans up to 95 percent of the shares face value during the IPO, with a margin of only five percent.
the bank for upliftment of the poor" is a microfinance bank established in November 1998. It provides microfinance services such as Loans, Deposits, Micro-insurance and Remittance services to rural poor of Nepal
Nationalised bank with a presence in all the major trade centers of the world.
Talk about setting high targets and having the will to achieve it. This finance company claims to have both.
Having achieved the highest amount of paid up capital of Rs 320 million amongst non-banking financial institutions, Ace Finance Company Ltd is now eyeing a bigger role for itself in the financial sector of Nepal.
It has applied to the Nepal Rastra Bank for an upgradation into the ‘Class B’ financial institution or that of a development bank.
Disclosing this at a press conference, Siddhant R Pandey, managing director and chief executive officer said this was the first time in the history of the banking sector in Nepal that a financial institution was seeking to be upgraded into a development bank.
