Prabhu Bank Ltd into operation from today.

Prabhu Bank Ltd –a bank renamed following the merger between Kist Bank, Prabhu Development Bank, Gaurishankar Development Bank and Zenith Finance Ltd—is coming into operation from today.

Prabhu Bank Ltd to be launched on Monday

As the joint operation of the Prabhu Bank Ltd-- formed after the merger with Kist Bank, Prabhu Development Bank, Gaurishankar Development Bank and Zenith Finance Ltd—is set to begin from Monday, the banks and financial institutions are working toward information technology (IT) and System Integration.

NEPSE flourish by 3.06 points to 578.68 as investors opt entry

Continuing its yesterday’s recovery, the stock index of Nepal today further flourish by 3.06 points, propelling the NEPSE index to 578.68 levels.

Civic Development Bank to give 9% cash dividend, Gaurishankar Development Bank proposes 20% cash dividend

Civic Development Bank will distribute 9 percent cash dividend to the shareholders from the net profit it earned in the last fiscal year 2069/70.Nepal Rastra Bank has approved the dividend.

NEPSE adds 0.14 points to close at 542

Continuing its lethargic movement, the secondary market of Nepal today made a gain of 0.14 points to conclude at 542 levels.

NEPSE at 550.29, dips by 1.26 points

The market today floated below the yesterday’s closing level for the entire day, suffering a loss of 1.26 points by end of the day.

Following the correction from the level of 551.6 level, the Nepse zigzagged its way between the range of 551 levels to 549.5 levels for the rest of the day before coming to close at 550.29 levels.