KATHMANDU (REPUBLICA): Nepal Rasta Bank (NRB) has permitted Kumari Bank Ltd to acquire Kasthamandap Development Bank Ltd, Pashchimanchal Finance Company Ltd, Mahakali Bikas Bank Ltd and Kankrebihar Development Bank Ltd.
KATHMANDU (REPUBLICA): Nepal Credit and Commerce Bank Ltd has launched 'NCC Utsab Bachat Khata' on the occasion of its 20th anniversary. Issuing a statement, the bank said that customers will get 6.5 percent interest on the saving account.
KATHMANDU (REPUBLICA): MAW Enterprises, the authorized distributor of Skoda in Nepal has launched New Škoda Rapid in the domestic market. Issuing a statement, the company said that the new car has efficient and dynamic 7-speed DSG gearbox with Tiptronics mated to the 1.5 TDI diesel engine.
KATHMANDU (REPUBLICA): Amit Thapa of Kathamandu and Jitendra Baniya of Butwal have won Rs 100,000 each in Red Bull Cash Full Offer. According to a statement issued by Red Bull, the winners have been awarded with a cash prize of Rs 100,000 respectively.
KATHMANDU, Jan 31: While bank and financial institutions (BFIs) are raising their fixed deposit rates rapidly to lure deposits to overcome the shortage of loan-able funds, many bankers say such move is less likely to pump money into the banking system.