NPR 189.00
-5.30 (-2.73%)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.
The Supreme Court ruled that misusing bank loans constitutes a criminal offense and cannot be condoned merely…The Supreme Court ruled that misusing bank loans constitutes a criminal offense and cannot be condoned merely by paying regular installments, following a case involving a Rs 480 million loan issued by Prabhu Bank.
An analysis of Q1 financial reports shows a sharp divide among commercial banks, with disciplined banks like…An analysis of Q1 financial reports shows a sharp divide among commercial banks, with disciplined banks like Everest Bank maintaining strong profits and low NPLs, while several merged banks face severe negative distributable reserves and surging bad loans totaling over Rs 37.59 billion in accumulated losses across five major 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.
Commercial banks earned a total net profit of Rs 19.13 billion in the first quarter, representing a 45.46%…Commercial banks earned a total net profit of Rs 19.13 billion in the first quarter, representing a 45.46% increase, though provisioning pressure left the overall sector with negative distributable profits of Rs 9.08 billion.
Prabhu Bank Limited (PRVU) reported a net profit of Rs 603.7 million for the first quarter of fiscal year…Prabhu Bank Limited (PRVU) reported a net profit of Rs 603.7 million for the first quarter of fiscal year 2083/84, compared to Rs 558.5 million in the same period last year.
Prabhu Bank published its Q1 financial report, recording a net profit of Rs 603,721,000 and an EPS of Rs…Prabhu Bank published its Q1 financial report, recording a net profit of Rs 603,721,000 and an EPS of Rs 10.26.
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.
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.
The average maximum deposit interest rates for commercial banks continued to decline for the month of Kartik…The average maximum deposit interest rates for commercial banks continued to decline for the month of Kartik, with individual deposit rates dropping to 4.013 percent and institutional rates to 3.003 percent, as various banks adjusted their rates.
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.
Eight promoter shareholders of Prabhu Bank have put their promoter shares up for sale, with existing promoters…Eight promoter shareholders of Prabhu Bank have put their promoter shares up for sale, with existing promoters given 35 days to apply for the purchase. The shares being sold include 131,747 units by Jamuna Kumari Shrestha, 38,044 units by Tilak Bahadur Pradhan, 126,536 units by Venture Holdings Pvt. Ltd., 5,262 units by Himani Shah, 28,133 units by Ranjita Shrestha, 5,949 units by Mana Dahal, 14,900 units by Kamala Adhikari Sapkota, and 127,231 units by Bel Bahadur Bhandari.
Prabhu Bank has signed an agreement with Ruskaz Beauty Studio to offer special discounts of up to 50 percent…Prabhu Bank has signed an agreement with Ruskaz Beauty Studio to offer special discounts of up to 50 percent on various services to its customers and employees using digital payment methods or bank identity cards respectively.
Prabhu Bank has signed a discount agreement with Ruskaz Beauty Studio, offering its customers up to 20%…Prabhu Bank has signed a discount agreement with Ruskaz Beauty Studio, offering its customers up to 20% discount and employees up to 30% discount on various beauty services and products upon presenting valid bank cards or staff IDs.
Total deposits of commercial banks reached Rs 75.6555 trillion by the end of Bhadra in fiscal year 2083/84…Total deposits of commercial banks reached Rs 75.6555 trillion by the end of Bhadra in fiscal year 2083/84, showing a slight increase compared to Ashar end.
Financial closure has been secured for the 63 MW Chhujung Khola Hydropower Project with a total investment of…Financial closure has been secured for the 63 MW Chhujung Khola Hydropower Project with a total investment of Rs 12 billion, comprising Rs 9 billion in debt led by Machhapuchhre Bank and Rs 3 billion in equity including investment from Ghalemdi Hydro Limited.
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.
Prabhu Bank has launched the 'Prabhu Pravasi Samriddhi Home Loan Scheme 2083/84' targeting Nepalese living…Prabhu Bank has launched the 'Prabhu Pravasi Samriddhi Home Loan Scheme 2083/84' targeting Nepalese living abroad, offering home loans up to Rs 30 million with a repayment period of up to 25 years.
Prabhu Bank Limited has introduced the "Prabhu Pravasi Samriddhi Ghar Karja Yojana 2083/84" targeting…Prabhu Bank Limited has introduced the "Prabhu Pravasi Samriddhi Ghar Karja Yojana 2083/84" targeting non-resident Nepalis, offering home loans up to Rs 30 million with a maximum tenure of 25 years, along with additional education loan and service fee concessions.