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NEPSE Adjusts Share Price of Everest Bank after 33% Right Issues

Nepal Stock Exchange (NEPSE) has adjusted share price of Everest Bank (EBL) to Rs 1274 per unit after the announcement of 33.33 percent right shares. According to NEPSE, the base price of the share is Rs 1553 per unit of share. EBL is issuing 33.33 percent of right issue of its paid-up capital amounting to Rs 1.53 billion. The company will issue 15,088,087 units of right shares through its issue manager NIBL Capital Markets from July 2 to August 6. The annual general meeting of the bank held on the January 7 endorsed a proposal of issuing 33.33 percent right shares to its existing shareholders. By the third quarter of the current FY, the bank has paid-up capital of Rs 4.60 billion. With the issuance of the right shares, the paid-up capital will reach Rs 6.11 billion.
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Auction Bidding of Unsold Right Shares of Tourism Devt Opens, Last Day to Pluck Unsold Right Shares of Prabhu Insurance

A total of 704,738 units of unsold right shares of Tourism Development Bank (TDBL) have been put out on auction. Similarly, today is the last day to grab the opportunity to pluck unsold right shares of Prabhu Insurance (PRIN). TDBL had opened the right issue from March 26 to May 9 which failed to attract the existing shareholders. Therefore, the right shares have been put out for auction bidding by the bank.  The bank has kept 266,537 units of general shares and 438,200 units of promoters share to the auction bidding. Interested investors can apply for the shares till June 29. NIBL Capital Market is the issue manager for the bank. The share trading of the bank has been suspended as it is in merger process with Mega Bank. The share swap ratio between Mega and Tourism has been agreed on 100:95. The last trading price of the bank in NEPSE was Rs 427 on January 19. 48,000 Unit Unsold Right Shares of Prabhu Insurance in Auction Bidding Today is the last day to ensure 48,122 un...

Improved Liquidity Prompting BFIs to Cut Interest Rate

Banks and financial institutions, after being able to bring capital-cum-deposit (CCD) ratio below 80 percent backed by increasing investable amount, are simultaneously  cutting off interest rate provided on fixed deposits. However, the point to be noted is the liquidity condition of the overall financial market. As per the Nepal Rastra Bank (NRB), banking sector has liquidity equivalent to Rs 65 billion at present. "Liquidity in banking sector has improved in the recent days. The liquidity which was 62/63 billion few days back has reached Rs 65 billion currently. It is excluding the cash reserve ratio (CRR)," said Narayan Prasad Poudel, Spokesperson of NRB. Earlier, when BFIs faced acute shortage of liquidity, the liquidity was contracted to Rs 10 billion. In the beginning of the current FY, BFIs were sunk in liquidity scarcity. However, during the mid-term, BFIs faced lack of investable amount due to large growth in credit expansion compared to deposit collection. The...

When Businessman Elopes in Biratnagar

Rastriya Banijya Bank (RBB), Biratnagar branch is in chaos after a businessman eloped without paying huge bank loan. Binod Dugar, a businessman from Biratnagar fled with Rs 41.5 loan taken from the Biratnagar branch of RBB. Consequently, the RBB branch has sealed Krishnaa Store located at Mainroad of Biratnagar owned by Dugar. According to Krishna Shah, Deputy Chief of the branch, Dugar eloped with Rs 41.5 million amount of the bank. "Dugar ignored loan payment notifications time and again, thus, the bank sealed the store," he said. Dugar obtained the loan on real estate collateral. Dugar was dealing with the bank since the last two years and had been paying interest regularly. However, he missed the interest payment since the last two quarters. Dugar was operating a garment store in Biratnagar since the last two and half decades. Apparently, he has also taken huge loans with local co-operatives and various individuals.

ओलीलाई मनाउन बालकोट पुगेका देउवा निराश भएर फर्किए

देउवाको प्रस्ताव ओलीले गरे ठाडै अस्वीकार काठमाडौं, जेठ २०– प्रधानमन्त्री निर्वाचनका लागि ब्यवस्थापिका संसदको अवरोध हटाउनेबारे नेपाली काँग्रेसका सभापति शेरबहादुर देउवाले एमाले अध्यक्ष केपी शर्मा ओलीलाई आग्रह गरेका छन् । शनिवार बेलुका ओलीलाई भेट गरी देउवाले अवरोध हटाउन आग्रह गरेका थिए । प्रधानमन्त्री निर्वाचनका लागि व्यवस्थापिका संसद संचालन गर्न देउवाले गरेको आग्रहलाई नेकपा एमाले अध्यक्ष ओलीले ठाडै अस्वीकार गरे । चितवनको भरतपुर महानगरपालिकाको मतगणना सुरु गर्नुपर्ने माग गर्दैै निरन्तर व्यवस्थापिका संसद बैठक अवरुद्ध गर्दै आएको एमाले निर्वाचन आयोगको पछिल्लो निर्णयबाट रुष्ट बनेको थियो । भावी प्रधानमन्त्रीका लागि शनिबार बिहान संसद भवन नया वानेश्वर पुगेर उम्मेदवारी मनोनयन दर्ता गराएका कांग्रेस सभापति देउवा साँझ एमाले अध्यक्ष ओलीलाई भेट्न बालकोटस्थित निवास पुगेका थिए । ओली बनाउन देउवा बालकोट नै पुगे पनि उनको प्रयत्न सफल हुन सकेन । पार्टीका विश्वास पात्र विमलेन्द्र निधिको साथमा बालकोट पुगेका सभापति देउवाले भरतपुर महानगरपालिकाको निर्वाचन र प्रधानमन्त्रीको निर्वाचन भिन्न विषय भएको भन्दै ...

बीमा कम्पनीमा जागिर खान तयार हुनोस्, २ वर्षमै ६ हजारलाई अबसर

नेपाल लाइफका सीइओ विवेक झा भन्छन्– यसकारण उत्कृष्ट छ बीमाको जागिर काठमाडौं । हप्ता दिनअघि सिटिजन लाइफ इन्स्योरेन्सले ९९ पदका लागि आवेदन माग्यो । कम्पनीले ६ म्यानेजर, १ एक्चुरी, २ लिगल अफिसर/कम्प्लाइन्स अफिसर, ३० म्यानेजमेन्ट ट्रेनी र ६० अफिसर ट्रेनी एसिसटेन्ट गरी कुल ९९ आवेदन माग गर्यो । त्यसयता २ वटा जीबन बीमा कम्पनीले नाम नखुलाई जागिरका लागि प्रतिकम्पनी १०० जनाकै हाराहारमा आवेदन माग गरिसकेका छन् । सिटिजन लाइफले म्यानेजर पदका लागि इन्स्योरेन्सले स्नातकोत्तर वा न्युनतम स्नातक उतिर्ण र ५ वर्ष कुनै बैंकिङ वा बीमा कम्पनीमा अनुभव भएकालाई प्राथमिकता दिने प्रकाशित सूचनामै उल्लेख गरेको छ । राम्रो जागिरमा पाउने सबै कुरा बीमाको जागिरमा छ । बीमा कम्पनीमा जागि खानेलाई आकर्षक तबल, कर्मचारीको र उनका परिवारको जीबन बीमा, घर बनाउन सस्तो दरमा कर्जासमेत उपलब्ध हुन्छ । अर्थमन्त्रालयको सहमतिमा बीमा समितिले १० वटा जीबन बीमा कम्पनीको लाइसेन्स दिइसकेको छ । समितिबाट हालै लाइसेन्स पाएका कम्पनीहरुले अहिले धमाधम कर्मचारी र सीइओ खोजिरहेका छन् । कतिपयले कार्यालय पनि स्थापना गरिसके भने कतिपयले कार्याल...

छ्याङ्दीको आइपीओमा ६ गुणा बढि आवेदन, तपाईलाई कति पर्ला ?

काठमाडौं । छ्याङ्दी हाइड्रोपावर कम्पनीले निष्काशन गरेको साधारण सेयर (आइपीओमा) ६ गुणा बढि आवेदन परेको छ । छ्याङ्दीले जेष्ठ १४ देखि १८ गतेसम्मका लागि एक सय रुपैयाँका दरल ५ लाख २ हजार २ सय कित्ता साधारण सेयरका निष्कासन गरेको थियो । छ्याङ्दीले माग गरेको भन्दा ६ गुण बढि अर्थात ३ अर्ब ७८ करोड २८ लाख ३ सय रुपैयाँको आवेदन परेको छ । छ्याङ्दीले जेष्ठ १४ देखि १८ गतेसम्मका लागि सेयर आवेदन खुलाएको हो । बिक्री प्रबन्धक ग्लोबल आइएमई क्यापिटल लिमिटेडले शुक्रबार नेपाल धितोपत्र बोर्डलाई सो रकमको बारेमा जानकारी गराएको छ । छ्याङ्दीको आइपीओमा ५९ हजार ८ सय १९ जनाका आवेदनबाट ३ अर्ब ७८ करोड २८ लाख ३ सय रुपैयाँको सेयर माग भएको छ ।