Commerce and Economy

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

Ncell has honoured students of various faculties of the Pulchowk Campus, Institute of Engineering (IoE), with Ncell Scholarships and Excellence Awards. Issuing a statement, Ncell said that the initiative aims at promoting young talents and contributing to nation by nurturing skilled human resources. “Education is the foundation for development, and …

Siddhartha Development Bank has opened a branch at Sandhikharka in Arghakhanchi district. Dilli Raj Pokhrel, Chief District Officer of Arghakhanchi district inaugurated the branch on Sunday. He said that the bank should also focus on Corporate Social Responsibility. Ajay Kumar Mishra, CEO of the bank claimed that the branch will …