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Banks girding for merger mania

Nepal, June 3 Markets are at work in Nepali banking. Under the previous leadership, Nepal Rastra Bank, the country's central bank, did its best to convince commercial banks to actively pursue mergers and acquisitions (M&A) and was pretty much paid with lip service. The 2019-20 monetary policy went so far as to lay down several measures to encourage banks to tie the knot. One carrot used was letting the board of directors, CEOs and deputy CEOs. ....

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World's Best Banks 2021: Asia-Pacific | Global Finance Magazine


World’s Best Banks 2021: Asia-Pacific
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May 04, 2021
For banks in the Asia-Pacific region (APAC), the onslaught of Covid-19 can perhaps best be characterized as an unprecedented externality that has served to expose in stark relief a twin-pronged dynamic of transformation and consolidation that had been in place before the pandemic emerged.
That dynamic gained momentum thanks to brutal economic contraction, shrinking margins, savage competition and crimped return on equity (ROE). It represents a swift acceleration of forces that had been steadily building prior to the pandemic, characterized by rapidly shifting customer expectations and behavior and hammered home at great speed in the face of lockdowns, social distancing and work insecurity. ....

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Miss Nepal Earth Supriya Shrestha conducts Winter Warmth project in Makawanpur


Onlinekhabar
March 5, 2021
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Miss Nepal Earth 2020 Supriya Shrestha with a child during her Winter Warmth project, in Makawanpur, in March 2021. Photo: Hidden Treasure
Kathmandu, March 5
Supriya Shrestha, Miss Nepal Earth 2020, recently visited Bhangkhoriya, Palung in Thaha municipality of Makawanpur for her Winter Warmth project.
Hidden Treasure, the Miss Nepal organiser, says the project had an objective of helping the community and residents get through the season.
Under the project, Shrestha distributed mattresses and blankets to approximately 50 households. Also, around 300 kids in the community were given sanitiser, warm woollen caps and socks.
“I feel this place is Karnali near Kathmandu. This is just a baby step for a much bigger picture,” Shrestha says after the project, “If you can make it better for anyone even in the smallest way possible, just go ahead! There is a lot yet to be done for this community and I aim to do the ....

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Nepal Telecom gears up for mobile money offering


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Nepal is set to receive a new player in its mobile financial space in the form of the Nepali Digital Payment Company.
The unit, which is a joint venture between state-run operator Nepal Telecom and Rastriya Banijya Bank, has applied to the country’s central Nepal Rastra Bank (NRB) for a mobile money licence, according to Nepalitelecom.com. ....

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