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Business and Corporate

NIC Asia appoints two new deputy CEOs


NIC Asia has appointed Roshan Kumar Neupane and Sudhir Pandey as Deputy Chief Executive Officers. The bank is expecting the pair to drive the company forward using their vast experience in the banking business. Neupane started his career in banking more than a decade ago and has worked as the …

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Global IME Bank’s 46th branchless banking service in Kalikot

Global IME Bank has started providing branchless banking service in Kalikot district. According to the bank, it is the bank’s 46th branchless banking unit. The unit has been started in partnership with Sakchyam Access to Finance program, the bank said in a statement. “Customers can get facilities like depositing cash, …

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Siddhartha Bank’s branch at Palpa


Siddhartha Bank has started a branch at Tansen, Palpa. Mahesh Prasad Pokharel and Bhagat Bista, Directors of the bank jointly inaugurated the branch amid a program on May 28. According to the bank, the branch will provide overall banking services. Presently, the bank is providing its services through 70 branches, …

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Gen Thapa next CoAS?

Purnachandra Thapa

By Our Reporter The government extended the tenure of the Chief of General Staff (CGS) Gen Baldevraj Mahat and Chief of Staff (CoS) Gen Purnachandra Thapa. Mahat was going to be retired on 23 July this year if the government had not extended his tenure. Mahat’s tenure has been extended …

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Yeti Airlines and UNDP inks deal to promote SDGs


A Nepali domestic airlines company, Yeti Airlines and United Nation Development Program (UNDP) has inked a new agreement. Renaud Meyer, Country Director, UNDP Nepal and Umesh Chandra Rai, CEO of Yeti Airlines signed the agreement paper. Yeti Airlines and UNDP made the agreement regarding promotion and achievement of sustainable development …

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NIC Asia opens 9 Branches in a single day


NIC Asia has opened nine new branches in a single day. The bank inaugurated the branches organizing separate programs on May 17. With the additions, the number of branches has reached 107. Among the new branches, Sauraha Pharsatikar branch was inaugurated by Surendra Prasad Shrestha, central member of Federation of …

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New Sunrise branch at Birendranagar


Sunrise Bank has started a branch at Birendranagar, Surkhet. Guru Prasad Poudel, Director of Nepal Rastra Bank, Nepalgunj and Prakash Poudel, President of Surkhet Chamber of Commerce and Industries jointly inaugurated the branch amid a program on May 21. “After acquiring Narayani National Finance, Sunrise Bank had two branches in …

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NEA’s plan to acquire 2 million LED light bulb


Nepal Electricity Authority (NEA) has said that they have a plan to acquire 20 million LED bulbs for the efficient use of electricity to eliminate load-shedding from the country. “As per our immediate plan to reduce load-shedding, we have planned efficient use of electricity by replacing existing CFL and other …

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Sanima Bank launches online ASBA and Demat Account


Sanima Bank has been providing ASBA service since January 14, 2017 (1st Magh, 2073), after receiving approval from the Securities Board of Nepal for accepting application of IPO/FPO of public companies, said the bank in a press statement . With an objective of simplifying and hassle free ASBA system, Bank …

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Nepal’s economic growth rebounded strongly in FY 2017:WB

The World Bank has said that Nepal’s economic growth has rebounded strongly and has reached 7.5 % in the fiscal year 2017. This is the highest economic growth rate in the country since 1994. The World Bank has said that the best monsoons in recent years; increased availability of electricity; …

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