Nepal Rastra Bank will not conduct the festive-style distribution of new and crisp banknotes for Dashain this year, citing the damage caused by recent floods, landslides, and heavy rainfall.
Rastriya Banijya Bank Limited is opening its Rs. 3 billion debenture issue from Ashoj 29, offering investors a 6% annual interest rate for a seven-year maturity.
Gurans Laghubitta Financial Institution Limited has called its 11th Annual General Meeting (AGM) to approve a 9.5% bonus share and 0.5% cash dividend for shareholders.
Gold prices remained unchanged in the Nepali market on Tuesday, while silver became cheaper by Rs. 15 per tola.
Gold prices declined to Rs. 291,500 per tola, while silver climbed to Rs. 4,430 per tola in Nepal on Monday.
Gold prices increased by Rs. 1,500 per tola, while silver became costlier by Rs. 25 per tola in the Nepalese market on Friday.
Nepal Rastra Bank will provide new and fit note exchange services during regular office hours based on market demand, instead of setting a separate Dashain schedule.
Gold is being traded at Rs. 293,300 per tola, while silver prices have also remained unchanged from the previous trading session.
The Finance Committee of the House of Representatives has directed the government, Securities Board of Nepal (SEBON), and Nepal Stock Exchange (NEPSE) to take immediate steps to resolve legal, structural, technological, and regulatory issues in the capital market.
Gold prices climbed by Rs. 2,800 per tola, while silver gained Rs. 30 in the domestic market on Wednesday.
Floods have disrupted power generation from hydropower projects with more than 1,000 MW capacity, prompting Nepal to import 251 MW of electricity from India to meet domestic demand.
Nepal has been selected to serve a one-year term as Vice Chair representing the non-regional member countries of the Asian Infrastructure Investment Bank (AIIB).