Siddhartha Bank to Merge Seven Branches in Kathmandu, Lalitpur, and Pokhara from Shrawan
Siddhartha Bank has announced the merger of seven of its branches in major cities, with integrated services set to begin on Shrawan 1.
Banking
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Nepal Rastra Bank Penalizes Five Microfinance Companies Over Capital Adequacy and Warns Directors and CEO of Three Others
The central bank of Nepal has taken prompt corrective action against five microfinance companies for failing to maintain the required capital adequacy ratio and issued warnings to the management of three others for governance lapses.
Siddhartha Bank Opens Sale of 2.72 Lakh Promoter Shares to the General Public
Siddhartha Bank Limited has opened the application process for 2 lakh 72 thousand 737 units of promoter shares to the general public after existing founders did not utilize their subscription rights.
Pokhara Finance and Samriddhi Finance Complete Merger
Pokhara Finance Limited and Samriddhi Finance Company Limited have successfully completed their merger process, with joint operations under the name of Pokhara Finance set to begin on Asar 26.
SEBON Approves FPO of Vijaya Laghubitta Bittiya Sanstha; 4,66,817 Shares to Be Issued
The Securities Board of Nepal (SEBON) has granted approval for the Further Public Offering (FPO) of Vijaya Laghubitta Bittiya Sanstha Limited (VLBS). VLBS will issue 4,66,817 FPO shares at a par value of Rs. 100 per share, raising Rs. 4.66 crore through this offering. Following the issuance, the company’s paid-up capital will increase from Rs. … Read more
Salapa Bikas Bank Opens IPO for Nepalis Working Abroad; Application Open Until Mangsir 29
Salapa Bikas Bank Limited has opened its Initial Public Offering (IPO) for Nepali citizens working abroad from 25th Mangsir 2082 (December 11, 2025). The issue for this category will remain open until 29th Mangsir 2082, and may be extended up to 10th Poush 2082 if the application volume remains low. The development bank has an … Read more
Salapa Bikas Bank IPO: A Complete Analysis of the Bank’s Background, Financial Condition, and Future Outlook
Salapa Bikas Bank Limited is preparing to issue its Initial Public Offering (IPO) after almost 12 years of operation as a regional development bank in Khotang. The bank will open its IPO for Nepalis working abroad from 25th Mangsir 2082, followed by a public issue for general investors. This analysis looks at the bank’s formation … Read more
Siddhartha Bank CEO Appointment: Rameshwar Prasad Basyal Named Acting CEO
Kathmandu, December 3 — Siddhartha Bank Limited has appointed Rameshwar Prasad Basyal as its Acting Chief Executive Officer (CEO). The decision was made on Tuesday afternoon during the board meeting. Basyal, who is currently the Deputy Chief Executive Officer at the bank, will take on the new role starting 27 Mangsir 2082 B.S. Pawan Kumar … Read more
Monetary Policy First Quarterly Review 2082/83 Released: Key Changes Announced
Kathmandu, December 2 — Nepal Rastra Bank has released the first quarterly review of the Monetary Policy for the current fiscal year 2082/83. The review includes major changes in interest rates and loan limits for banks and financial institutions. According to the update, the Standing Liquidity Facility (SLF) rate, which is the upper limit of … Read more