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Business and Corporate

Machhapuchre Bank launches “one person, one account” scheme

By Our Reporter In response to the government’s “Open Bank Account Campaign”, the Machhapuchre Bank Ltd. has launched “One Person, One Account” scheme. If any person, who doesn’t have bank account in any of the banks, can easily open account at any of the branches of the Bank. Under this …

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NMB Bank announces bumper New Year offering

By Our Reporter NMB Bank has announced the launch of a bumper product offering – NMB Sabaiko Sahara Bachat Khata’ in line with the government’s campaign ‘Lets Open Bank Account’, which has been initiated to increase financial access and inclusion of the unbanked population in the country whereby ushering a …

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NMB Bank and NBI sign MoU to promote financial literacy via NBI App

By Our Reporter On 25th March, National Banking Institute Ltd. (NBI) and NMB Bank Limited (NMB) signed a MoU whereby the two institutions would promote Financial Literacy Program to reach out to the larger masses through the Bank’s network spread across the country and NBI App, a recently developed Financial …

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Sunrise Bank and Sikhar Insurance ink Bancassurance accord

By Our Reporter Sunrise Bank Ltd. has signed Bancassurance agreement with Shikhar Insurance Co. Limited. Bank’s CEO Ratnaraj Bajracharya and Insurance Company’s CEO Dipprakash Pandey signed the agreement amidst a function last week. After the agreement, the Bank’s clients will receive all insurance related services and also kind of claims …

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Beijing will continue to fight against Dalai Lama’s separatist goals

By Xiong Kunxin In an open-door discussion by the Tibetan delegation to the 13th National People’s Congress, Communist Party of China (CPC) chief of Tibet Autonomous Region Wu Yingjie came down heavily on the Dalai Lama. According to Hong Kong-based English daily South China Morning Post, Wu said, “The Tibetan …

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Khalti launches QR-Code based ticketing facility

By Our Reporter Khalti, an emerging digital payment service provider in Nepal, has launched QR-code based event ticketing facility on its platform. Now, users can buy paperless event tickets from Khalti’s mobile app and website and make cashless payments. Khalti has introduced a dedicated ‘Event’ section on its app and …

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Everest Bank duping customers

By Our Reporter As Nepal is suffering from lack of adequate investment in manufacturing and employment generation sector, Everest Bank Limited, a joint venture partner of Punjab National Bank of India is found to be duping customers charging them with high interest rates. The general depositors are never paid attention …

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Binod Chaudhary Nepal’s only billionaire

By Our Reporter The net-worth of Nepal’s only Forbes-listed billionaire, Binod Chaudhary, has jumped US$200 million in the last one year, according to the Forbes’ Billionaire List 2019 published last week. The chairman of Chaudhary Group (CG) has assets of $1.7 billion today, the Forbes magazine stated. The valuation of …

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Nepal Infrastructure Bank opens

By Our reporter Nepal Infrastructure Bank, the first bank established for infrastructural investment in the country under the public-private partnership model, has formally started its operation. Finance Minister Dr. Yuvaraj Khatiwada inaugurated the bank amidst a function held last week in the capital. The bank is a joint-venture of the …

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