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Business and Corporate

Citizens Bank EMV card

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Citizens Bank International Limited has introduced chip-based EMV card with effect from Magh, 2073. Customers having Visa debit and credit cards will now be issued chip-based EMV cards compulsorily upon their expiration. Citizens Bank has introduced EMV chip cards as part of its security and risk mitigation measures for electronic …

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Global IME Bank implement ASBA service

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Global IME Bank has said that it has obtained an approval for ASBA (Applications Supported by Blocked Amount) from Securities Board of Nepal (SEBON). The board provided the approval to the bank to collect application forms for initial public offering (IPO) and further public offering (FPO) and carry out various …

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NMB Bank gives a drone to MTPD

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NMB Bank, as part of its Corporate Social Responsibility (CSR), presented a drone to Metropolitan Traffic Police Division (MTPD) in an effort to strengthen the technical resources of MTPD. Upendra Poudyal, CEO of NMB Bank, handed over the drone to Prakash Aryal, DIG of MTPD, the bank said in a …

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Sunrise Bank appoints Prabhu Capital as issue manager

Sunrise Bank Ltd has appointed Prabhu Capital Ltd (PBL) as its sales and issue manager for an upcoming rights issue. According to a press release issued by the bank, it is floating shares to its shareholders in a 30% rights issue. Sunrise Bank CEO Ratna Raj Bajracharya and PBL General …

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IME- at the top of Mt. Vinson in Antarctica

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Mountaineer, Mr. Sanjay Pandit has successfully scaled Mount Vinson of Antarctica on 4th January 2017 and carried the flag with the logo of IME at the top. Mr. Sanjay Pandit is a Nepali Mountaineer and athlete who has already climbed highest mountains in six continents of the world including Mt …

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Special offer to Chandragiri Hills

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Heavy discount on the fare of cable car has been offered to pilgrims travelling to the Bhaleshwor temple on Chandragiri hill every Monday of Magh. The Chandra Hills limited announced that the first 108 pilgrims can avail the use of the cable car at Rs 108 only. This offer is …

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Mobile app for passport application submission

The Department of Passport (DoP) has launched a mobile application with the aim of easing the process of applying for passport. Minister for Foreign Affairs Prakash Sharan Mahat inaugurated the app amidst a function at DoP office in Narayanhiti. “The mobile app would not only save applicants’ time, but also …

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Himalayan Bank to provide 30 percent bonus share to its shareholders

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By Our Reporter Himalayan Bank Limited (HBL) held its 24th annual general meeting on 6 January. The AGM was chaired by Manoj Bahadur Shrestha, chairman of the Bank. The AGM has declared 30 percent bonus share and 1.5789 percent cash dividend on the paid-up capital to the shareholders. After issuance …

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Sunrise Bank to acquire NIDC Capital Market

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By Our Reporter Sunrise Bank Ltd has received the mandate from its special general meeting held on 8 January to acquire the NIDC Capital Market. Earlier, the Bank and NIDC Capital Market had endorsed final agreement for acquisition of the Capital Market. The special general meeting of the Bank chaired …

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NIC Asia’s tree plantation program

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Registrar of the B P Koirala Institute of Health and Sciences (BPKIHS), Dharan, Dr Tul Bahadur Shrestha, on Sunday, inaugurated Tree Plantation Program at BPKIHS Dharan. The program was organized as part of the Corporate Social Responsibility (CSR) initiative of NIC ASIA bank, according to a statement issued by the …

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