Bank and Finance

Bankers seek immediate implementation of Secured Transaction Act
Central bank revises gold supply quota upwards for six months
Pensioners to get their pension through Nepal Bank, Rastriya Banijya Bank
Central bank readies for another reverse repo worth Rs 19.5 billion
US dollar above Rs 100, imported products to be more expensive
Outsourcers can get upto $20,000 foreign exchange facility per year
Money exchanges can buy Kuwaiti Dinar‚ Bahraini Dinar, but not sell
Banks float Rs 7.10 billion on margin type lending
Banks will have to publish two different sets of financial statements
Central bank to seek clarification from NCC Bank
Nepal Investment Bank becomes the largest bank in terms of paid up capital
Century Commercial Bank gets Sebon green signal to go public
Bankers tell central bank ‘not possible to reduce spread rate’
Deposit increases, lending to private sector drops, highest credit goes to retail trade sector
Financial Sector Development Strategy committee formed
Central bank to issue Rs 250 million worth Foreign Employment Bond
Nepal committed to fight against flow of dirty money
Banks have to increase paid up capital gradually within six years, Basel III to replace Basel II
Nepalgunj banks and financial institutions start electronic cheque clearance
Central bank to mop up Rs 19.5 billion from banks today