KATHMANDU: The Global IME Bank has decided to provide 255 percent dividends to shareholders in the fiscal year 2018/19 BS The 13th annual general meeting (AGM) of the bank took a decision to this effect The bank said it generated net income of Rs 276 billion in the fiscal year 2018/19 Its paid-up capital would reach Rs 1976 billion following the distribution of bonus shares, according to the bank Likewise, the AGM has decided to merge Janata Bank Nepal Limited with Global IME Bank Limited, said Bank's Chair Chandra Prasad [...]

KATHMANDU: Nepal Rastra Bank (NRB), the central bank in the country, is set to sell its 1,729,989 units of shares in the Nepal Stock Exchange (Nepse) Ltd Issuing a notice today, the bank said that it is selling its Nepse shares at an auction for Rs 1,032 per unit as per the NRB Act Interested banks, financial institutes and share traders can submit a sealed application to the NRB fiscal management department to pursue the purchase by August 19, said the notice Nepse has 5866 percent government investment, 3460 percent of the central bank, 612 percent of the NIDC Capital and share brokers have their 062 investment in [...]