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Commerce and Economy

NIBL to distribute 40 percent dividend

By Our Reporter Nepal Investment Bank Ltd has decided to distribute 15 percent bonus share and 25 percent cash dividend to its shareholders. The recent board meeting has taken such a decision. The Bank has already written letters to the Nepal Stock exchange and Nepal Rastra Bank to acquire permission …

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Sunrise Bank introduces Call Center

By Our Reporter Sunrise Bank Ltd, A class bank in the country, has introduced call center to inform about the service provided by the Bank to its clients. Bank’s chairman Motilal Dugger inaugurated the Call Center amidst a function. On the occasion, Board Members Dr Bhogendra Guragain, engineer Bachharaj Tated, …

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HBL received TFP Award 2017

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By Our Reporter Asian Development Bank (ADB) has awarded the TFP Award 2017- Leading Partner Bank in Nepal to Himalayan Bank Limited. The TFP awards recognized 18 leading partner banks in 2017 for their role in supporting trade in Asia and the Pacific region. ADB has awarded the TFP award …

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Helping flood victims

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By Our Reporter The recent landslides and flooding triggered by heavy rains have displaced millions of people in Southern Nepal and left thousands homeless. The Red Cross has estimated that 100,000 people were affected by the disaster and it got worse after the communication and electricity got cut off, adding …

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IME Life Insurance starts its operation

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IME Life Insurance has started its operation from Thursday. IME has become the first company among the new 10 life insurance license holders companies to start the operation. IME Life has been started with a paid-up capital of Rs 1.40 billion and authorized capital of Rs 3 billion. The company …

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16.6 Million SMS sent by Ncell

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Ncell customers in flood and landslides affected districts sent over 16.6 million text messages, utilizing free SMS service provided by the company to ensure communications during the disaster. Ncell had announced 50 free SMS per day for three days to help the flood victims stay in touch with their family …

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Yeti Airlines ATR 72-500 proving flight successful

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Yeti Airlines announced the successful completion of the proving flight of its latest aircraft ATR72-500. Issuing a press statement, the airlines informed that the flight operated by Captain Gabriel C Kunda and Captain Roop Kumar Siddhi departed from Kathmandu’s domestic airport at 12:15 pm with a team of 41 member …

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NIC Asia’s “Double Deposit” scheme

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NIC Asia Bank Nepal Ltd has announced the launch of a new deposit scheme ‘NIC ASIA Double Deposit’ to its valued customers on the occasion of 20th year of the successful operation of the bank. According to the bank, the scheme is available for both individuals as well as institutional …

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Himalaya Airlines starting flight to Saudi Arabia from September 1

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Himalaya Airlines is all set to operate direct flights from Kathmandu to Saudi Arabia’s Dammam on a daily basis from September 1. Himalaya Airlines informed that the flights were announced to ease the flow of passengers in the festive seasons of Dashain and Tihar during which Nepali migrant workers return …

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Agreement between NMB Bank and MetLife

NMB Bank has signed an agreement with MetLife for providing life insurance services to its customer under the bancassurance service. The agreement was signed by Sunil KC, chief executive officer of NMB Bank Ltd and Nirmal Kajee Shrestha, vice president and general manager of MetLife, according to a press statement …

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