Stories Tagged 'Nic asia bank'
Nepal Stock Exchange (Nepse) index plunged 26.77 points to close at 1,288.36 points, as investors took a wait and watch stance triggered by uncertainty of the new government’s policy, tussles between the Nepal Bankers’ Association and NIC Asia Bank coupled with a shortage of loanable funds with the banks.
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NIC Asia Bank has approved the resignation of Laxman Risal and appointed Roshan Kumar Neupane as the acting CEO of the bank.
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The Nepal Rastra Bank (NRB), the central bank, on Monday held an informal meeting with representatives of Nepal Bankers’ Association (NBA), the umbrella body of commercial banks, and NIC Asia Bank to resolve the ongoing fiasco over determination of returns on fixed and savings deposit.
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NIC Asia Bank will soon float bonds worth Rs3 billion, which will generate yields of 9 percent per annum.
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Unidentified cybercriminals have reportedly hacked into the SWIFT system of NIC Asia Bank to steal money, exposing vulnerability in the information technology system of Nepali banks.
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NIC Asia Bank has started offering home loan at an interest rate of 0.9 percent per month.
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