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Commerce and Economy

NIC Asia Capital free Demat services

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NIC Asia Capital has announced free Demat account opening services to its customers. The company will not collect any charge for the operation of the Demat account in the first year, said the Capital in a press statement. According to the statement, customers can open the Demat account from any …

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Branch of Sunrise Bank’s at Hetauda

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Sunrise Bank has started a branch at Hetauda, Makwanpur. Dhananjay Sharma, Director of Nepal Rastra Bank, Birgunj and Hari Bahadur Mahat, Mayor of Hetauda Sub-Municipality jointly inaugurated the branch amid a program. “After acquiring Narayani National Finance, Sunrise Bank had two branches in Narayangadh. Out of the two branches, it …

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Global IME’s new ATM outlet in Lumbini

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Global IME Bank has started an ATM outlet in Lumbini, the birthplace of Lord Gautam Buddha. The bank started the outlet which is close the main entrance gate of Lumbini Development Project aiming to serve local customers and tourists who come to visit Lumbini. With the addition, the number of …

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NOC restrained to distribute bonuses

Nepal Oil Corporation (NOC) was directed not to distribute bonuses to the corporation’s employees by the sub-committee of the parliamentary Industry, Commerce and Consumer Welfare Protection on Wednesday until the Bonus Act 1973 was amended. The parliamentary sub-committee also directed NOC to reimburse the money that it had borrowed from …

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Sunrise Bank Branch at Kalikasthan

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Sunrise Bank has started a branch in its own building at Kalikasthan, Kathmandu. Shiva Raj Shrestha, Deputy Governor of Nepal Rastra Bank inaugurated the branch amid a program on May 28. The bank transformed the head office of earlier Narayani National Finance to a branch.  According to the bank, the …

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Siddhartha Devt Bank to be acquired by Janata Bank

Siddhartha Development Bank is set to be acquired by Janata Bank.   A special general meeting of Siddhartha Development Bank held on May 26 approved a proposal regarding the acquisition. The meeting approved the acquisition proposal based on the due diligence audit (DDA) report that fixed a swap ratio of 1:1. …

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NIC Asia appoints two new deputy CEOs

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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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