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Business and Corporate

Ncell has fully cleared its tax liability

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In relation to decision of Nepal Rastra Bank to restrict Axiata from repatriating its dividend until issue of capital gains tax related to Ncell deal is settled, Malaysian telecom giant Axiata and owner of Ncell on Thursday issued a statement saying the Large Taxpayers’ Office of Nepal has already confirmed …

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Sunrise Pays Accidental Insurance

Sunrise Bank has paid compensation to a depositor under the bank’s ‘depositor’s accident insurance arrangement’ scheme. The bank handed Rs 5,00,000 to the next-in-kin of Hari Timsina, an account holder of the bank who died in a road accident. Pramod Kumar Das, manager of Surunga branch of the bank, handed …

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NIBL acquires ACE

Nepal Investment Bank Ltd. (NIBL) has started a joint operation after the acquisition of Ace Development Bank (ACE) from Thursday. After acquiring the Ace Development Bank, the total paid-up capital of NIBL has reached to 9.24 billion which is highest among others private sector commercial banks. The Management Committee and …

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Nepathya to perform in Sydney after their concert in Adelaide

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Popular Nepali music group Nepathya staged its second show of the ongoing Australia Tour at the Norwood Concert Hall in Adelaide, where it enthralled the Nepali fans with its popular numbers, on Saturday. Compared to Melbourne and Sydney, Adelaide has a smaller population of Nepalis. However, almost 1000 people had …

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STC observing 50th AGM

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By Our Reporter Salt Trading Corporation Limited (STC) is observing its 50th Annual General Meeting (AGM) today. The corporation had a transaction of Rs 7 arba 83 crore during its fiscal year FY 2072/73 it made a profit of Rs61 crore and 24 lakhs.Divisional ManagerBrajeshKumar Jhainformed that  even though the …

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Four new NMB branches at once

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NMB Bank has opened four branches at different parts of the country on Thursday. The branches are situated at Beni of Myagdi, Nijgadh of Bara, Hetauda of Makwanpur and Kawasoti of Nawalparasi. The branches were inaugurated by organising separate programs. “The bank will be able to extend its services to …

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Nabil and ASMAN helps BVS

Nabil Bank Ltd, in association with St Mary’s Alumnae Nepal (ASMAN), distributed goods worth Rs 1,00,000 to burn victims of Burns Violence Survivors – Nepal (BVS). As part of its corporate social responsibility, the bank handed over educational materials and nutrition supplements to BVS Nepal to 20 children, who are …

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Citizens Bank’s 59th branch in Manang district

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Citizens Bank International Limited (CIBL) has opened 59th branch office at Chame in Manang district. CBIL Deputy CEO Ganesh Raj Pokharel inaugurated the new branch office, according to a statement issued by the bank. The bank has total 59 branch offices—24 inside Kathmandu valley and 35 outside Kathmandu valley. The …

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IME celebrates its 17th anniversary

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IME Ltd., Nepal’s No.1 Remittance Company has marked its 17th anniversary by organizing various programs with the slogan “17th Anniversary of New Technology”.  Each year IME has been celebrating its anniversary by organizing various programs for its staffs, customers and agents. During an event organized at the Head Office, Managing …

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Nabil and Finlit Nepal to conduct financial literacy awareness programs

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Nabil Bank and consulting firm Finlit Nepal have entered into a pact to conduct financial literacy awareness programs at Besishahar Municipality in Lamjung district. During a program organized on June 11, a Memorandum of Understanding (MoU) was signed by Ramesh Prasad Lohani, Deputy General Manager of Nabil bank and Prakash …

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