KATHMANDU, July 20: Nepal’s commercial banks earned hefty profits of over Rs 67.23 billion in the first 11 months of the last fiscal year despite a slump in the country’s economic activities.
KATHMANDU, July 16: Banks have individually determined their interest rates following the cancellation of an interest rate cartelization scheme by the Nepal Bankers’ Association. The decision, made in the interest of fairness and transparency, has resulted in varied interest rates across banks effective from July 17th.
KATHMANDU, July 7: Nepal Oil Corporation (NOC) has earned profit of Rs 1.11 billion within 15 days by selling fuel as per the recent price list determined by its supplier - the Indian Oil Corporation (IOC). In this way, the NOC earned a profit of around Rs 2.5 billion in a month.
KATHMANDU, June 19: In response to the economic conditions in the commercial sector of the country, Rastriya Banijya Bank has announced a special discount of 5% on the interest paid by all borrowers across all types of loans. This discount offer will be applicable from June 16 to July 16.