NPR 270.00
-5.50 (-2.00%)Commercial banks reported an average non-performing loan (NPL) of 5.64 percent for the first quarter of fiscal…Commercial banks reported an average non-performing loan (NPL) of 5.64 percent for the first quarter of fiscal year 2083/84, with Prabhu Bank recording the highest NPL at 14.80 percent and Everest Bank the lowest at 0.50 percent among 20 commercial banks.
Commercial banks earned a total net profit of Rs 19.14 billion in the first quarter of the fiscal year…Commercial banks earned a total net profit of Rs 19.14 billion in the first quarter of the fiscal year 2083/84, a 45.59% increase compared to the same period last year. Out of 20 banks, 17 reported increased profits while 3 saw declines.
Laxmi Sunrise Bank Limited reported a 96.6% increase in net profit, reaching Rs 653,385,000 in the first…Laxmi Sunrise Bank Limited reported a 96.6% increase in net profit, reaching Rs 653,385,000 in the first quarter of the fiscal year 2083/84, with its earnings per share rising to Rs 9.76.
Laxmi Sunrise Bank Limited reported a net profit of Rs 653,385,000 in the first quarter of the fiscal year…Laxmi Sunrise Bank Limited reported a net profit of Rs 653,385,000 in the first quarter of the fiscal year 2083/84, with an EPS of Rs 9.76.
Following recent market gains, the NEPSE index closed at 2,690.15. Only three companies are currently trading…Following recent market gains, the NEPSE index closed at 2,690.15. Only three companies are currently trading below Rs 200: Rasuwagadhi Hydropower, Prabhu Bank, and Upper Tamakoshi Hydropower, while 41 companies are trading below Rs 300.
NEPSE rose by 31.54 points to close at 2,695.60, with turnover reaching Rs 8.57 billion, the highest in nearly…NEPSE rose by 31.54 points to close at 2,695.60, with turnover reaching Rs 8.57 billion, the highest in nearly six and a half months. All 13 sub-indices gained, led by Ghalemdi Hydro in turnover and Beni Hydropower among top gainers.
Laxmi Sunrise Bank has declared a 5.26 percent dividend for the fiscal year 2082/83, consisting of 5 percent…Laxmi Sunrise Bank has declared a 5.26 percent dividend for the fiscal year 2082/83, consisting of 5 percent bonus shares and 0.26 percent cash dividend for tax purposes.
Commercial banks have lowered their home loan interest rates following a decrease in base rates, with starting…Commercial banks have lowered their home loan interest rates following a decrease in base rates, with starting rates ranging across various banks and schemes such as 4.21% to 7.64%.
Before Dashain, NEPSE closed at 2634.17 points, with investor focus shifting towards stocks trading below Rs…Before Dashain, NEPSE closed at 2634.17 points, with investor focus shifting towards stocks trading below Rs 300. The report details market prices, 52-week highs and lows, and market capitalization for various hydropower and commercial bank stocks such as Rasuwagadhi Hydropower, Prabhu Bank, and Upper Tamakoshi Hydropower among others.
Commercial banks have continued to lower their average deposit interest rates for the month of Kartik due to…Commercial banks have continued to lower their average deposit interest rates for the month of Kartik due to adequate liquidity and slow credit expansion, with various banks publishing updated individual and institutional rates. Average individual maximum deposit rates dropped to 4.013 percent, while institutional rates fell to 3.003 percent.
SEBON has approved increasing the authorised size of Laxmi Sunrise Capital's open-ended mutual fund scheme…SEBON has approved increasing the authorised size of Laxmi Sunrise Capital's open-ended mutual fund scheme Shubh Laxmi Kosh to Rs 3 billion from Rs 1 billion following successful fund collection.
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Laxmi Sunrise Capital held its 16th AGM, approving an 11 percent cash dividend worth Rs 53.8 million for its…Laxmi Sunrise Capital held its 16th AGM, approving an 11 percent cash dividend worth Rs 53.8 million for its shareholders from fiscal year 2082/83.
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NEPSE rose by 21.50 points to reach 2621.26, with the commercial banking sector contributing the most at 10.18…NEPSE rose by 21.50 points to reach 2621.26, with the commercial banking sector contributing the most at 10.18 points. A total of 188 companies gained while 80 declined during the session.
NEPSE rose by 21.32 points to close at 2,621.26, while total daily turnover decreased to Rs 4.13 billion…NEPSE rose by 21.32 points to close at 2,621.26, while total daily turnover decreased to Rs 4.13 billion. Kumari Bank led in turnover with Rs 264.6 million worth of shares traded, and Sagarmatha Jalbidhyut Company saw the highest drop of 6.32% in share price.
Laxmi Sunrise Bank has appointed Sumedh Bhattarai as its new Chief Executive Officer, effective from Kartik…Laxmi Sunrise Bank has appointed Sumedh Bhattarai as its new Chief Executive Officer, effective from Kartik 15, following a board meeting held on Ashoj 27.
Commercial banks earned a total net profit of Rs 17.81 billion in the first two months of the current fiscal…Commercial banks earned a total net profit of Rs 17.81 billion in the first two months of the current fiscal year, though several banks continue to report negative retained earnings due to past non-performing loans and heavy provisioning.
Investors are showing interest in lower-priced banking stocks, with Laxmi Sunrise Bank, Kumari Bank, Global…Investors are showing interest in lower-priced banking stocks, with Laxmi Sunrise Bank, Kumari Bank, Global IME Bank, and Prime Commercial Bank seeing significant trading activity on Monday.
Commercial banks' average base rate dropped from 4.80 percent in Bhadra to 4.75 percent in Ashoj, with…Commercial banks' average base rate dropped from 4.80 percent in Bhadra to 4.75 percent in Ashoj, with Rastriya Banijya Bank reporting the lowest base rate at 4.01 percent and Standard Chartered Bank following at 4.12 percent.
The NEPSE index declined alongside turnover, with a total of 13,178,128 shares worth Rs 5.38 billion traded…The NEPSE index declined alongside turnover, with a total of 13,178,128 shares worth Rs 5.38 billion traded. Hathway Investment saw the biggest drop at 10.58 percent, while Himalayan Distillery topped turnover with Rs 388.2 million traded shares.
Commercial banks expanded credit by Rs 61 billion over two months, with Global IME Bank leading the expansion…Commercial banks expanded credit by Rs 61 billion over two months, with Global IME Bank leading the expansion by increasing credit by Rs 20.01 billion.