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Business and Corporate

MBL, Sanima Insurance endorse bancassurance deal

By Our Reporter Machhapuchre Bank Ltd and Sanima General Insurance have signed bancassurance service deal. The deal was signed by Suman Sharma, chief executive officer of MBL and SubodhlalShrestha, DGM of the Insurance Company. As per the deal, now onward, all the Bank clients can get all kind of insurance …

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Machhapuchre Bank launches three new branches

By Our Reporter Machhapuchre Bank Ltd has launched three new branches in Hetauda and Chitwan. The branch offices are located in Hetauda Sub Metropolis Corporation in Hetauda, Ichhyakamana Rural Muncipality and Kalika Municipality in Chitwan. The Hetauda Branch was inaugurated by Bank’s board director Jayamukunda Khanal and Mayor of the …

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Nabil launches Visa Cash Back Scheme

By Our Reporter Nabil Bank has launched Nabil Visa Cash Back Scheme aimed to its Visa Cardholders. The Scheme is designed to provide 10% cash back. Under the scheme, any Nabil Bank Visa cardholder (debit/credit/pre-paid) will get cash back of 10% or maximum of NPR 500 (less, applicable TDS of …

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Nabil Bank clients to get special discount in Kantipur Dental Hospital

By Our Reporter Nabil Bank has signed a memorandum of understanding (MoU) with the Kantipur Dental College and Teaching Hospital and Research Center (Kantipur Dental Hospital) under which Bank’s debit and credit card holders will receive a special 20% discount on general hospital except x-ray; 10% discount on general dentistry; …

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Remittance inflow goes up

By Our Reporter Remittance flow has increased noticeably in the first three months of the current fiscal year although the number of Nepali migrant workers has dropped significantly over the years. The country received Rs. 247.17 billion in remittance during the first three months of the current fiscal year, according …

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Nabil Bank announces biggest health coverage scheme for its customers

By Our Reporter Nabil Bank in association with Metlife Insurance has brought an attractive insurance scheme for its depositors covering upto three hundred thousand rupees for those depositors diagnosed with fatal disease and a term life insurance of Rs 75 thousand in case of death of the account holder. The …

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Japanese assistance for a school in Sindhupalchowk

By Our Reporter Japan is extending financial assistance of US dollars 431,181 to the ChildFund Japan under the Grant Assistance for Japanese NGO Projects Scheme. The ChildFund Japan, an international NGO based in Japan, will work with a Nepali partner NGO, Tuki Sunkoshi Association (Tuki), to implement the “Rehabilitation of …

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Machhapuchre Bank to distribute 10 percent cash dividend

By Our Reporter The board meeting of the Machhapuchre Bank Ltd held recently has decided to provide 10 percent dividend to its shareholders from the net profit earned by the Bank in the last fiscal year. The Bank, after approval by the Nepal Rastra Bank, will distribute the dividend to …

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Nepal and Malaysia sign new labour pact

By Our Reporter Now onward, a Nepali migrant worker needs to pay only Rs. 5800 to reach Malaysia, thanks to the initiative taken by Minister for Labour, Employment and Social Security Minister Gokarna Bista. With the signing of the much-awaited Memorandum of Understanding (MoU) with the government of Malaysia for …

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