Economy News

Gold smuggling on the rise thumbnail

Gold smuggling on the rise

The Armed Police Force (APF) on Thursday seized over four kilograms of gold while being smuggled in the country from India. ...
NRB suspends FIs’ upgradation thumbnail

NRB suspends FIs’ upgradation

Nepal Rastra Bank (NRB) has halted the upgradation process of three financial institutions to `A' class commercial banks for the time ...
Promote mergers, acquisition of co-ops: Report thumbnail

Promote mergers, acquisition of co-ops: Report

An independent consulting agency has unearthed several imprudent lending practices in saving and credit co-operatives and suggested the government to promote ...
Economic turmoil on, banks still rake it in thumbnail

Economic turmoil on, banks still rake it in

Commercial banks are expected to see a rise in their profits this year despite an acute liquidity crunch seen in the ...
Five new plants in Morang thumbnail

Five new plants in Morang

Five industries have recently been set up in Sunsari-Morang Industrial Corridor, one of the country’s major production hubs. Not long ...
Banks sell machinery to recover loans thumbnail

Banks sell machinery to recover loans

Commercial banks which have invested millions of rupees in various factories have been selling their machinery at scrap value to recover ...
LCD TV sets  for FIFA World Cup in Rise thumbnail

LCD TV sets for FIFA World Cup in Rise

The LCD TV craze has swept the country. Many people are replacing their old CRT sets with new sleek LCD sets. ...
Lumbini Bank: A journey from weakest to healthiest bank thumbnail

Lumbini Bank: A journey from weakest to healthiest bank

Lumbini Bank Limited was the sickest bank in the banking industry some eight years back. Its all crucial parameters were so ...
NRNA conference concludes thumbnail

NRNA conference concludes

The 4th Regional Conference of Non-Resident Nepalis Association (NRNA) concluded in Houston, Texas, on Monday, releasing a 14-point Houston Declaration. The ...
Depositors lose confidence thumbnail

Depositors lose confidence

Despite various measures commercial banks could not increase the deposits, the deposit mobilisation has increased by only 4.2 per cent amounting ...

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