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
Kathmandu, December 3 — Vision Lumbini Energy Company has announced it will not distribute dividends to its shareholders from last fiscal year’s profit. The decision was made during the board meeting held on 16 Mangsir 2082 B.S., according to a statement released by Vision Lumbini Energy Company. The company will now present its latest financial report … Read more
Kathmandu, December 2 — The IPO process of Reliance Spinning Mills Limited has officially moved forward again after being paused for nearly 17 months. Nepal Securities Board sent a written order on 16 Mangsir 2082 B.S. to the issue manager, Global IME Capital Limited, allowing it to resume the IPO steps. The IPO was earlier … Read more
Kathmandu, December 3 — The Machhapuchchhre SIP Scheme, which opened for public application on 14 Mangsir 2082 B.S., has been fully subscribed in a short period. The fund received more applications than available units, so the issue closes today on 17 Mangsir 2082 B.S. The scheme is managed by Machhapuchchhre Capital Limited and launched under MBL … Read more
Kathmandu, December 2 — Salpa Bikas Bank Limited will issue its first IPO in the primary phase from 25 Mangsir 2082 B.S. The bank is offering 10% of its public IPO shares to Nepalese citizens working in foreign employment. The bank received approval from Nepal Securities Board to issue 17,23,880 units worth Rs. 17,23,88,000, which … Read more
Investing in SIP funds in Nepal is a simple and effective way to grow your money over time. Systematic Investment Plans (SIPs) allow investors to contribute small amounts regularly, benefit from market growth, and enjoy the power of compounding. This page provides a complete guide to SIP funds in Nepal, including the latest data, fund returns, … Read more
In Nepal, many people want to start investing but do not know where to begin. The stock market feels complex, bank interest rates are falling, and keeping savings idle does not help your money grow. In this situation, a Systematic Investment Plan—popularly known as SIP—has become one of the easiest ways for ordinary people to … Read more
Kathmandu, December 2 — River Falls Power Limited has allotted its unsold rights shares through auction. Earlier, the company issued 100% rights shares, but 10,38,924 units remained unsold. The auction for these shares opened from Kartik 26 to Mangsir 3, 2082 B.S. The allotment was completed on Mangsir 14, 2082 B.S. The final cutoff price … Read more
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