FEB 27 -
Resta Jha is the chief executive officer of Prime Life Insurance Company. He talked to the Kathmandu Post about the current scenario of life insurance business in Nepal and Prime Life.
Excerpts:
Tell us about Prime Life Insurance’s journey so far.
We are marking our third anniversary in June. And, our journey so far has been successful. Life insurance business in Nepal has two aspects—general life insurance and insurance of migrant workers. We are the market leader in migrant workers’ life insurance business with 40 percent market share. As far as our market share in general life insurance business is concerned, it has increased to 13 percent from earlier 5 percent. The most interesting part is our performance between the fourth quarter of the last fiscal year and first quarter of the current fiscal year. While the industry witnessed a decline of 36 percent over the period because of the Unity Scam, Prime Life was the only company to register growth. In this year’s first quarter, we have collected Rs 55.3 million as first life premium.
What is the overall scenario of the domestic life insurance business?
Last year, life insurance business had grown remarkably. It recorded first life premium of Rs 370 million in the first quarter of 2009-10. The figure kept on increasing over the next three quarters. The most interesting fact is the growth was witnessed at a time when the country’s banking system was reeling under a serious liquidity crunch. However, the multi-billion Unity Scam posed a setback to the business. Because of the scam, the growth rate dropped by 36 percent in the first quarter of the current fiscal year. Despite this fall, the first life premium collection in the first quarter stood at Rs 430 million.
Prime Life’s ‘Sunya Ya Tin’ scheme attracted much attention. What is the exclusive feature of this scheme?
There are no such exclusive features in the scheme. All insurance companies offer such benefits. Under this scheme, either you get zero or three benefits—saving, life security and tax. You can get these benefits in whichever institution you insure your life. However, general people were not aware about life insurance benefits. Therefore, 15 months ago, we launched the campaign and it helped us cement our brand value. Today, we do not have to describe who we are. This scheme has played a great role in the success we have achieved so far.
What is your view about the upcoming Insurance Act?
The provision of increasing paid-up capital to Rs 2 billion will hamper some shareholders, as an increase in the capital base will lower the return on capital. It may take around three to four years to get back on track. On the other hand, with strong capital base, companies will become stable and strong. Generally, a company’s strength is measured by its capital base. Strong capital base will minimise risks associated with stakeholders—management, human resources and policyholders. So I am affirmative on this provision.
But most of the stakeholders are against the provision.
It is their individual opinion. Capital increment may impact insurance companies’ performance for around two to three years, but it is good for the overall growth.
How tough is it for insurance companies to raise their capital to Rs 2 billion?
It is not so tough. If any shareholders cannot raise their contribution, they will be replaced by the capable ones.
Recently, there were some talks of establishing re-insurance companies that insure insurance companies. What is your opinion?
I am against this idea, as capital requirements of re-insurance companies are higher. Such companies have to bear risks taken by other insurance companies. The country’s insurance business is not enough for running companies with higher paid-up capital. We also do not have competent human resources in Nepal to run re-insurance companies.
We also heard that Prime Life is starting micro-insurance policies. What is happening on this front?
We haven’t started mirco-insurance yet. We are about to receive a letter from the Insurance Board in this regard.
Posted on: 2011-02-27 09:03
http://www.ekantipur.com/2011/02/27/business/new-insurance-act-will-change-scenario/330205.html
Montag, 28. Februar 2011
Next two years for consolidation: Prithivi Bahadur Pande (CEO)
KATHMANDU, FEB 26 -
After establishing Nepal Investment Bank Limited (NIBL) as the country’s leading commercial bank, Prithivi Bahadur Pande, the bank’s chairman and chief executive director, said on Friday that the next two years would be a time for consolidation of the bank.
NIBL is commemorating its 25 years of operations this year. Set up as the Nepal Indosuez Bank Limited in 1986 with investments by a French entity, the Indosuez Bank Group, Rastriya Banijya Bank, Rastriya Beema Sansthan and public shareholders, the bank’s management was handed over to Nepali investors in 2002. It was subsequently rebranded to NIBL. Over the last nine years after it became a wholly Nepali-owned bank, its capital base grew to Rs 2.4 billion from Rs 170 million. The number of branches swelled to 41 from six and its customer base soared to 400,000 from just 25,000, according to NIBL. Its deposit base increased to Rs 48 billion from Rs 4 billion and credit issue rose to Rs 40.95 billion from Rs 2.7 billion in 2002.
NIBL has been a trendsetter when it comes to introducing innovative banking products. It was the first bank to launch Visa debit cards, online utility bill payments and telephone bill payments services. NIBL, that paid a tax of Rs 540 million, is ranked as the number one taxpayer amongst all Nepali banks. “In the last 25 years, NIBL has paid around Rs 2.87 billion in taxes to the government,” said Pande. “ Of the Rs 2.87 billion, Rs 2.45 billion was paid since the acquistion of the bank by Nepali investors in 2002.”
With the central bank drafting merger bylaws with a provision for forceful mergers, Pande said that he was not in favour of forceful merger of banks and financial institutions. “A merger may be successful only if the shareholders on both sides feel they will benefit from it,” he said. The bank said that it is involved in different social service programmes like providing assistance to the Kathmandu Valley Preservation Trust for heritage conservation, Pashupati Briddashram and Bhutanese refugees. It has also supported an Everest clean-up campaign.
Posted on: 2011-02-26 09:13
http://www.ekantipur.com/2011/02/26/business/next-two-years-for-consolidation-pande/330156.html
After establishing Nepal Investment Bank Limited (NIBL) as the country’s leading commercial bank, Prithivi Bahadur Pande, the bank’s chairman and chief executive director, said on Friday that the next two years would be a time for consolidation of the bank.
NIBL is commemorating its 25 years of operations this year. Set up as the Nepal Indosuez Bank Limited in 1986 with investments by a French entity, the Indosuez Bank Group, Rastriya Banijya Bank, Rastriya Beema Sansthan and public shareholders, the bank’s management was handed over to Nepali investors in 2002. It was subsequently rebranded to NIBL. Over the last nine years after it became a wholly Nepali-owned bank, its capital base grew to Rs 2.4 billion from Rs 170 million. The number of branches swelled to 41 from six and its customer base soared to 400,000 from just 25,000, according to NIBL. Its deposit base increased to Rs 48 billion from Rs 4 billion and credit issue rose to Rs 40.95 billion from Rs 2.7 billion in 2002.
NIBL has been a trendsetter when it comes to introducing innovative banking products. It was the first bank to launch Visa debit cards, online utility bill payments and telephone bill payments services. NIBL, that paid a tax of Rs 540 million, is ranked as the number one taxpayer amongst all Nepali banks. “In the last 25 years, NIBL has paid around Rs 2.87 billion in taxes to the government,” said Pande. “ Of the Rs 2.87 billion, Rs 2.45 billion was paid since the acquistion of the bank by Nepali investors in 2002.”
With the central bank drafting merger bylaws with a provision for forceful mergers, Pande said that he was not in favour of forceful merger of banks and financial institutions. “A merger may be successful only if the shareholders on both sides feel they will benefit from it,” he said. The bank said that it is involved in different social service programmes like providing assistance to the Kathmandu Valley Preservation Trust for heritage conservation, Pashupati Briddashram and Bhutanese refugees. It has also supported an Everest clean-up campaign.
Posted on: 2011-02-26 09:13
http://www.ekantipur.com/2011/02/26/business/next-two-years-for-consolidation-pande/330156.html
deposits (up to Rs 200,000) insurance provision comes into effect
KATHMANDU, FEB 28 -
After one-and-a-half years of its announcement, the deposit insurance provision came into effect from Sunday.
Two finance companies—Capital Merchant Banking and Finance and Kuber Merchant Finance—on Sunday singed an agreement with Deposit and Credit Guarantee Corporation (DCGC), the agency assigned to insure deposits, in this regard.
Capital Merchant became the first financial institution to sign the agreement with DCGC for deposit insurance, said a DCGC press release. The government had first introduced the provision in last year’s budget. As per the budgetary provision, ‘B’, ‘C’ and ‘D’ class financial institutions should get their deposits up to Rs 200,000 insured.
In the wake of Nepal Development Bank’s liquidation, the policy was introduced to tackle such risks. Recently, the Nepal Rastra Bank (NRB) had also directed ‘B’ and ‘C’ class financial institutions to get their individual deposits up to Rs 200,000 insured with DCGC Although the NRB has already directed ‘D’ class FIs to insure deposits, they are yet to get their deposits insured.
DCGC will have to insure an estimated amount of Rs 30 billion deposited in ‘B’ and ‘C’ class financial institutions, according to NRB. They have an estimated deposits of around Rs 150 billion.
The DCGC has fixed the annual premium of the insurance at 20 paisa per Rs 100. As per the Deposit Insurance Bylaw-2010, premium will not be refunded to member FIs. FIs failing to maintain their capital adequacy ratio will have to pay an additional 10 paisa premium on half yearly basis. Insurance can be claimed if any FI is liquidated. The liquidator can claim a maximum of Rs 200,000 including principal and interest, as per the bylaw.
The government also plans to strengthen the financial status of DCGC, as it has to insure a huge amount of deposits. Currently, it has a paid up capital of Rs 230 million and the government has pledged to provide Rs 250 million in this fiscal year.The government aims to increase its paid up capital to Rs 2 billion. The government will have 90 percent stake in the company,
while the central bank will have 10 percent.
Posted on: 2011-02-28 09:09
http://www.ekantipur.com/2011/02/28/business/deposit-insurance-provision-comes-into-effect/330254.html
After one-and-a-half years of its announcement, the deposit insurance provision came into effect from Sunday.
Two finance companies—Capital Merchant Banking and Finance and Kuber Merchant Finance—on Sunday singed an agreement with Deposit and Credit Guarantee Corporation (DCGC), the agency assigned to insure deposits, in this regard.
Capital Merchant became the first financial institution to sign the agreement with DCGC for deposit insurance, said a DCGC press release. The government had first introduced the provision in last year’s budget. As per the budgetary provision, ‘B’, ‘C’ and ‘D’ class financial institutions should get their deposits up to Rs 200,000 insured.
In the wake of Nepal Development Bank’s liquidation, the policy was introduced to tackle such risks. Recently, the Nepal Rastra Bank (NRB) had also directed ‘B’ and ‘C’ class financial institutions to get their individual deposits up to Rs 200,000 insured with DCGC Although the NRB has already directed ‘D’ class FIs to insure deposits, they are yet to get their deposits insured.
DCGC will have to insure an estimated amount of Rs 30 billion deposited in ‘B’ and ‘C’ class financial institutions, according to NRB. They have an estimated deposits of around Rs 150 billion.
The DCGC has fixed the annual premium of the insurance at 20 paisa per Rs 100. As per the Deposit Insurance Bylaw-2010, premium will not be refunded to member FIs. FIs failing to maintain their capital adequacy ratio will have to pay an additional 10 paisa premium on half yearly basis. Insurance can be claimed if any FI is liquidated. The liquidator can claim a maximum of Rs 200,000 including principal and interest, as per the bylaw.
The government also plans to strengthen the financial status of DCGC, as it has to insure a huge amount of deposits. Currently, it has a paid up capital of Rs 230 million and the government has pledged to provide Rs 250 million in this fiscal year.The government aims to increase its paid up capital to Rs 2 billion. The government will have 90 percent stake in the company,
while the central bank will have 10 percent.
Posted on: 2011-02-28 09:09
http://www.ekantipur.com/2011/02/28/business/deposit-insurance-provision-comes-into-effect/330254.html
Class B, C Fls clever in realty lending
KATHMANDU, FEB 28 -
Development banks and finance companies have realty loan exposure of 30 percent compared to 20 percent of commercial banks.
Total lending of development banks (‘B’ class FIs) and finance companies (‘C’ class FIs) to the realty sector stands at around Rs 37 billion, according to the Nepal Rastra Bank (NRB). While finance companies have lent Rs 24 billion in the sector, development banks’ lending stands at Rs 13 billion. Commercial banks have provided loans worth around Rs 100 billion in the sector. There are 83 development banks and 79 finance companies in the country. However, not all have made uncontrolled lending. FIs from Kathmandu and Chitwan have made huge lending in the sector, according to a senior NRB official. “Those making uncontrolled lending will have to struggle to reduce their realty loan exposure,” said the official.
The central bank has directed BFIs to reduce their exposure to the realty sector, including home, apartment, commercial complex and land, to 30 percent by mid-July 2011. They should bring down the size to 25 percent by mid-July 2012.
“As only a few national level development banks have huge investments in the sector, it will not create a big problem,” said Jhapat Bohora, president of Development Bankers’ Association. “The situation can be handled.”
Bohora added that many FIs have adopted ‘wait and watch strategy’. “Entire economy will receive severe blow if realty sector recession continues,” he said.
Finance Companies’ Association of Nepal President Ram Shanta Shrestha said they have stopped lending in the sector and are focusing on loan recovery.
Realty traders say they are not even being able to pay bank interest due to the recession in the sector. They are finding it hard to sell land. “How can we repay loans without selling land?” asked an official of Housing Developers’ Association.
Although deposits in ‘B’ and ‘C’ class financial institutions had increased last year, their deposit collection is not so encouraging this year. During the first quarter of the current fiscal year, deposit growth of development banks and finance companies stood at 4.1 percent and 4.2 percent, respectively. The rate was 52 percent and 24 percent, respectively, last year, according to NRB.
Although the central bank is yet to receive financial details of the second quarter, the NRB official said prospects are not so encouraging.
Posted on: 2011-02-28 09:07
http://www.ekantipur.com/2011/02/28/business/class-b-c-fls-clever-in-realty-lending/330252.html
Development banks and finance companies have realty loan exposure of 30 percent compared to 20 percent of commercial banks.
Total lending of development banks (‘B’ class FIs) and finance companies (‘C’ class FIs) to the realty sector stands at around Rs 37 billion, according to the Nepal Rastra Bank (NRB). While finance companies have lent Rs 24 billion in the sector, development banks’ lending stands at Rs 13 billion. Commercial banks have provided loans worth around Rs 100 billion in the sector. There are 83 development banks and 79 finance companies in the country. However, not all have made uncontrolled lending. FIs from Kathmandu and Chitwan have made huge lending in the sector, according to a senior NRB official. “Those making uncontrolled lending will have to struggle to reduce their realty loan exposure,” said the official.
The central bank has directed BFIs to reduce their exposure to the realty sector, including home, apartment, commercial complex and land, to 30 percent by mid-July 2011. They should bring down the size to 25 percent by mid-July 2012.
“As only a few national level development banks have huge investments in the sector, it will not create a big problem,” said Jhapat Bohora, president of Development Bankers’ Association. “The situation can be handled.”
Bohora added that many FIs have adopted ‘wait and watch strategy’. “Entire economy will receive severe blow if realty sector recession continues,” he said.
Finance Companies’ Association of Nepal President Ram Shanta Shrestha said they have stopped lending in the sector and are focusing on loan recovery.
Realty traders say they are not even being able to pay bank interest due to the recession in the sector. They are finding it hard to sell land. “How can we repay loans without selling land?” asked an official of Housing Developers’ Association.
Although deposits in ‘B’ and ‘C’ class financial institutions had increased last year, their deposit collection is not so encouraging this year. During the first quarter of the current fiscal year, deposit growth of development banks and finance companies stood at 4.1 percent and 4.2 percent, respectively. The rate was 52 percent and 24 percent, respectively, last year, according to NRB.
Although the central bank is yet to receive financial details of the second quarter, the NRB official said prospects are not so encouraging.
Posted on: 2011-02-28 09:07
http://www.ekantipur.com/2011/02/28/business/class-b-c-fls-clever-in-realty-lending/330252.html
Freitag, 25. Februar 2011
हिमालयन बैंकका प्रमुख कार्यकारी अधिकृत अशोकशमशेर राणासँग गरेको कुराकानी संक्षेपमा
काठमाडौ, माघ ११ - एटिएम, एबिबिएस, इन्टरनेट हुँदै मोबाइलसम्म आइपुगेको बैंकिङ कारोबारले ग्राहकको सुविधा थप्दै लगेको छ । सूचना प्रविधिमा आएको परिवर्तनले बैंकिङ प्रणालीलाई मात्र सहज नबनाएर बैंकरलाई पनि 'मोबाइल' बनाएको छ । अघिल्लो साता सञ्चालनको १९ औं वर्षमा प्रवेश गरेको हिमालयन बैंकका प्रमुख कार्यकारी अधिकृत अशोकशमशेर राणा काम गर्नका लागि अफिस नै जानुपर्ने बाध्यता परिवर्तन हुँदै आएको बताउँछन् । 'अफिसका महत्त्वपूर्ण सूचना यसमै आउँछ,’ थ्रिजी सुविधा भएको ब्लाकबेरी मोबाइल सेट देखाउँदै उनले भने । स्थापना मितिका आधारमा चौथौ निजी बैंक हिमालयन अहिले अन्य २९ वटा वाणिज्य बैंकसँगको प्रतिस्पर्धामा छ । बैंकको योजना, प्रगति र समग्र बैंकिङ क्षेत्रबारे राणासँग रोशन अधिकारीले गरेको कुराकानी संक्षेपमा-
बैंकको १८ वर्षे यात्रा कस्तो छ ?
हामीले स्थापनाको वर्षपछि सेयरधनीलाई वाषिर्क प्रतिफल दिँदै आएका छौं । वाषिर्क ३५ देखि ४० प्रतिशतको हाराहारीमा सेयरधनीलाई प्रतिफल दिइरहेका छौं । गत वर्ष १० प्रतिशत नगद लाभांश र २५ प्रतिशत बोनस सेयर दिएका थियौं । यसबाहेक बैंकको पुँजी वृद्धिका लागि हकप्रद सेयर जारी गरेका छैनौं । वाषिर्क नाफाबाट पुँजी वृद्धि गरिरहेका छौं ।
सेवा सुधारमा कस्ता योजना छन् ?
क्रेडिट कार्ड, एसएमएस बैंकिङलगायतमा सेवा हामीले नै सुरु गरेका हौं । सूचना प्रविधिमा लगानी प्राथमिकतामा पर्छ । पछिल्लोपटक हामीले डेबिट/क्रेडिट कार्डको सुरक्षालाई विशेष प्रविधि भित्र्याएका छौं । इएमभी (युरोपे, मास्टर कार्ड एन्ड भिजा) को प्रयोग गर्दै छौं । यसअन्तर्गत सबै कार्डमा विशेष चिप जडान गरिनेछ र एक विशेष उपकरण ग्राहकलाई दिइनेछ ।
उक्त उपकरणले हरेकपटक फरक नम्बर निकाल्नेछ, जसलाई एटिएम मेसिनमा पिन कोडसँगै प्रयोग गर्नुपर्छ । यसले एटिएम कार्डको सुरक्षा अन्तर्राष्ट्रियस्तरको बनाउनेछ ।
बैंक तथा वित्तीय संस्थाको बढ्दो संख्यासँगै मानव संसाधनमा कमी भएको छ । कस्तो अवस्था छ ?
हामीले लगानी गर्ने दोस्रो प्रमुख क्षेत्र मानव संसाधन पनि हो । कर्मचारीलाई तालिम दिन वाषिर्क ६० देखि ८० लाख रुपैयाँ खर्च हुन्छ । त्यसैले हाम्रा कर्मचारी अन्य बैंकले तान्ने काम भएको छ । गत वर्ष मात्र ५० कर्मचारी अन्य बैंकमा गए । हाम्रो बैंकका कर्मचारीको दक्षताले नै यसलाई सहयोग गरेको हुन सक्छ । ग्राहक बैंकमा छिरेपछि सबै विभाग र कर्मचारी देख्न सक्छन् । यसले ग्राहक संख्या बढ्नमा मद्दत गरेको छ । हाल हामीसँग २ लाख सक्रिय ग्राहक छन् ।
बैंकका प्रमुख लगानी क्षेत्र के छन् ?
हामी कर्पोरेट क्षेत्रमा केन्दि्रत लगानी गर्दै आएका हौं । अन्तर्राष्ट्रिय व्यापारको एलसी -प्रतीतपत्र) मा मुख्य लगानी गरेका छौं । यसबाहेक ठूला कर्पोरेट संस्थामा पनि लगानी छ । पछिल्लो तीन वर्षमा हामीले साना तथा मझौला उद्योगतर्फ ध्यान दिन थालेका छौं । १५ प्रतिशत रहेको यस्तो लगानीलाई अगामी वर्षसम्म २५ प्रतिशत पुर्याउने योजना छ ।
अधिकांश पुराना र सबै नयाँले साना तथा मझौला उद्योगमा लगानी गर्छौं भनेका छन् । यो क्षेत्रमा त्यस्तो के छ ?
धेरै बैंकले साना तथा मझौला उद्योगमा भने पनि तथ्याकं हेर्नुभयो भने त्यो लगानी घरजग्गा क्षेत्रमा गएको देखिन्छ । साना उद्योगमा लगानी गर्न सोचेजस्तो सजिलो छैन । यस्ता संस्थाको तथ्यांक र हिसाबकिताब राख्ने व्यवस्था भरपर्दो हुँदैन । हामी पहिले तालिम दिएर हिसाबकिताब र बासलात राख्न सिकाउँदै आएका छौं । यो लगानीबाट छिट्टै प्रतिफल आउँदैन । त्यसैले २/३ बैंकभन्दा बढी यो क्षेत्रमा गएका छैनन् ।
बैंकहरू बढी नाफामुखी भएको गुनासो छ । यसका साथै सञ्चालक समितिले प्रमुख कार्यकारीलाई नाफा वृद्धि गर्न दबाब दिन्छन् भन्ने चर्चा छ नि ?
बैंकहरू खुलेको नाफा कमाउनका लागि हो । त्यसैले नाफा कमाउनु यसको मुख्य उद्देश्य हो । नाफा एक/दुई जनामा बाँडिने होइन । पारदर्शी हिसाबमा सबै नाफा यसका सेयरधनीमा वितरण हुन्छ । यसबाहेक बैंकले प्रगतिका लागि वाषिर्क लक्ष्य तोकेको हुन्छ । त्यो पूरा गर्नु सबै प्रमुख कार्यकारीको कर्तव्य हो । तर नाफाका लागि ठूलो जोखिम बेहोर्नु भने हुँदैन ।
यस वर्ष बैंकहरूको नाफा कम हुने देखिन्छ । के भन्नुहुन्छ ?
पछिल्लोपटक देखिएको तरलताको अवस्था, घरजग्गा क्षेत्रको सुस्ततालगायतले बैंकहरूको नाफा कम हुने अनुमान गरिएको हो । यस्तो हुन सक्छ । सजिलो अवस्थामा सबै बैंकका प्रमुख कार्यकारीले नाफा कमाएर देखाएका थिए । तर असजिलो अवस्थामा पनि प्रतिफल दिन सक्ने बैंक कुन हो अब त्यो हेर्नुपर्छ ।
प्रकाशित मिति: २०६७ माघ ११ ०९:३९
http://www.ekantipur.com/np/2067/10/11/full-story/324068.html
बैंकको १८ वर्षे यात्रा कस्तो छ ?
हामीले स्थापनाको वर्षपछि सेयरधनीलाई वाषिर्क प्रतिफल दिँदै आएका छौं । वाषिर्क ३५ देखि ४० प्रतिशतको हाराहारीमा सेयरधनीलाई प्रतिफल दिइरहेका छौं । गत वर्ष १० प्रतिशत नगद लाभांश र २५ प्रतिशत बोनस सेयर दिएका थियौं । यसबाहेक बैंकको पुँजी वृद्धिका लागि हकप्रद सेयर जारी गरेका छैनौं । वाषिर्क नाफाबाट पुँजी वृद्धि गरिरहेका छौं ।
सेवा सुधारमा कस्ता योजना छन् ?
क्रेडिट कार्ड, एसएमएस बैंकिङलगायतमा सेवा हामीले नै सुरु गरेका हौं । सूचना प्रविधिमा लगानी प्राथमिकतामा पर्छ । पछिल्लोपटक हामीले डेबिट/क्रेडिट कार्डको सुरक्षालाई विशेष प्रविधि भित्र्याएका छौं । इएमभी (युरोपे, मास्टर कार्ड एन्ड भिजा) को प्रयोग गर्दै छौं । यसअन्तर्गत सबै कार्डमा विशेष चिप जडान गरिनेछ र एक विशेष उपकरण ग्राहकलाई दिइनेछ ।
उक्त उपकरणले हरेकपटक फरक नम्बर निकाल्नेछ, जसलाई एटिएम मेसिनमा पिन कोडसँगै प्रयोग गर्नुपर्छ । यसले एटिएम कार्डको सुरक्षा अन्तर्राष्ट्रियस्तरको बनाउनेछ ।
बैंक तथा वित्तीय संस्थाको बढ्दो संख्यासँगै मानव संसाधनमा कमी भएको छ । कस्तो अवस्था छ ?
हामीले लगानी गर्ने दोस्रो प्रमुख क्षेत्र मानव संसाधन पनि हो । कर्मचारीलाई तालिम दिन वाषिर्क ६० देखि ८० लाख रुपैयाँ खर्च हुन्छ । त्यसैले हाम्रा कर्मचारी अन्य बैंकले तान्ने काम भएको छ । गत वर्ष मात्र ५० कर्मचारी अन्य बैंकमा गए । हाम्रो बैंकका कर्मचारीको दक्षताले नै यसलाई सहयोग गरेको हुन सक्छ । ग्राहक बैंकमा छिरेपछि सबै विभाग र कर्मचारी देख्न सक्छन् । यसले ग्राहक संख्या बढ्नमा मद्दत गरेको छ । हाल हामीसँग २ लाख सक्रिय ग्राहक छन् ।
बैंकका प्रमुख लगानी क्षेत्र के छन् ?
हामी कर्पोरेट क्षेत्रमा केन्दि्रत लगानी गर्दै आएका हौं । अन्तर्राष्ट्रिय व्यापारको एलसी -प्रतीतपत्र) मा मुख्य लगानी गरेका छौं । यसबाहेक ठूला कर्पोरेट संस्थामा पनि लगानी छ । पछिल्लो तीन वर्षमा हामीले साना तथा मझौला उद्योगतर्फ ध्यान दिन थालेका छौं । १५ प्रतिशत रहेको यस्तो लगानीलाई अगामी वर्षसम्म २५ प्रतिशत पुर्याउने योजना छ ।
अधिकांश पुराना र सबै नयाँले साना तथा मझौला उद्योगमा लगानी गर्छौं भनेका छन् । यो क्षेत्रमा त्यस्तो के छ ?
धेरै बैंकले साना तथा मझौला उद्योगमा भने पनि तथ्याकं हेर्नुभयो भने त्यो लगानी घरजग्गा क्षेत्रमा गएको देखिन्छ । साना उद्योगमा लगानी गर्न सोचेजस्तो सजिलो छैन । यस्ता संस्थाको तथ्यांक र हिसाबकिताब राख्ने व्यवस्था भरपर्दो हुँदैन । हामी पहिले तालिम दिएर हिसाबकिताब र बासलात राख्न सिकाउँदै आएका छौं । यो लगानीबाट छिट्टै प्रतिफल आउँदैन । त्यसैले २/३ बैंकभन्दा बढी यो क्षेत्रमा गएका छैनन् ।
बैंकहरू बढी नाफामुखी भएको गुनासो छ । यसका साथै सञ्चालक समितिले प्रमुख कार्यकारीलाई नाफा वृद्धि गर्न दबाब दिन्छन् भन्ने चर्चा छ नि ?
बैंकहरू खुलेको नाफा कमाउनका लागि हो । त्यसैले नाफा कमाउनु यसको मुख्य उद्देश्य हो । नाफा एक/दुई जनामा बाँडिने होइन । पारदर्शी हिसाबमा सबै नाफा यसका सेयरधनीमा वितरण हुन्छ । यसबाहेक बैंकले प्रगतिका लागि वाषिर्क लक्ष्य तोकेको हुन्छ । त्यो पूरा गर्नु सबै प्रमुख कार्यकारीको कर्तव्य हो । तर नाफाका लागि ठूलो जोखिम बेहोर्नु भने हुँदैन ।
यस वर्ष बैंकहरूको नाफा कम हुने देखिन्छ । के भन्नुहुन्छ ?
पछिल्लोपटक देखिएको तरलताको अवस्था, घरजग्गा क्षेत्रको सुस्ततालगायतले बैंकहरूको नाफा कम हुने अनुमान गरिएको हो । यस्तो हुन सक्छ । सजिलो अवस्थामा सबै बैंकका प्रमुख कार्यकारीले नाफा कमाएर देखाएका थिए । तर असजिलो अवस्थामा पनि प्रतिफल दिन सक्ने बैंक कुन हो अब त्यो हेर्नुपर्छ ।
प्रकाशित मिति: २०६७ माघ ११ ०९:३९
http://www.ekantipur.com/np/2067/10/11/full-story/324068.html
जग्गा बिक्री गर्न बैंकको दबाब
काठमाडौ, फाल्गुन १२ - घरजग्ग्गा कारोबारमा सुस्तता आएपछि वाणिज्य बैंकले ऋणीलाई जग्गा बिक्री गर्न दबाब दिन थालेका छन् । कारोबार कम हुनुका साथै राष्ट्र बैंकले तोकेको सीमाभित्र ऋण ल्याउन पनि बैंकहरूले यो कदम चाल्न थालेका हुन् । बैंकहरूले भने यसलाई सुझाव भन्दै आएका छन् ।
अधिकांश वाणिज्य बैंकले छोटो समयमै यस क्षेत्रको लगानी घटाउन थालेका छन् । लामो समयका लागि दिइएको ऋण भए पनि बिक्रीलाई दबाब दिएर यस क्षेत्रको ऋण घट्न थालेको हो । 'जति बढी समयसम्म बिक्री नगर्यो त्यति नै मूल्य घट्ने सम्भावना रहन्छ,' एक वाणिज्य बैंकका प्रमुख कार्यकारी अधिकृतले भने, 'ब्याज तिर्न नसक्ने अवस्था आइसकेकाले ग्राहकलाई बिक्रीको सुझाव दिइरहेका छौं ।'
वाणिज्य बैंकले कारोबार उच्च भएको समयमा जग्गाको मूल्यको ८० प्रतिशतसम्म लगानी गरेका छन् । कारोबार घटेपछि मूल््य बढ्ने क्रम रोकिएको छ । बैंक अफ काठमाडौंका प्रमुख कार्यकारी अधिकृत अजय श्रेष्ठ पनि सुरुको मूल्य नपाउने अवस्था आउँदा बिक्री गरेर समयमै सुरक्षित हुन सुझाव दिने गरेको बताए । 'एकातर्फ ब्याजको बोझ हुन्छ,' उनले भने, 'अर्कोतर्फ लामो समय राख्न मूल्य के हुने हो थाहा हुँदैन ।' लामो समय 'होल्ड' गर्दा ग्राहकका साथै बैंकले पनि नोक्सानी बेहोर्नुपर्ने भएकाले बिक्री गर्नु बुद्धिमानी हुनेे उनले बताए ।
सञ्चालनमा रहेका वाणिज्य बैंकले घरजग्गाका विभिन्न क्षेत्रमा करिब १ खर्ब लगानी गरेका छन् । जसमध्ये ठूलो हिस्सा जग्गामा मात्र छ । घरजग्गा व्यवसायी पनि बैंकले 'चिन्ता लिनु' स्वाभाविक भएको बताउँछन् । 'बजारमा सुधार नभए बैंकलाई पनि ठूलो असर पर्छ,' जग्गा तथा आवास विकास संघका सचिव भेषराज लोहनीले भने, 'त्यसैले यस्तो कुरा आउनु स्वाभाविक हो ।' केही घरजग्गा व्यवसायीले भने जग्गा बिक्री गरी ऋण चुक्ता गर्न वा कुल ऋणको २५ प्रतिशत भुक्तानी गरिहाल्न बैंकले दबाब दिएको बताए ।
अघिल्लो आर्थिक वर्षको दोस्रो त्रैमासिकको तुलनामा माछापुच्छ्रे, डिसिबिएल र किस्ट बैंकले १ अर्ब ँपैयाँको हाराहारीमा यस क्षेत्रबाट ऋण घटाएका छन् । नयाँ खुलेका र सीमा भित्र रहेका केही बैंकले भने लगानी बढाएका छन्् । बढ्नेमा ग्लोबल, जनता, लक्ष्मी, लुम्बिनी, मेगा, नेपाल बैंक, एनआइसी, एनएमबी, एसबिआई बैंक छन् । कमर्ज एन्ड ट्रस्टले भने घरजग्गामा लगानी गरेको छैन ।
पछिल्लो समयमा जग्गाको कारोबार गर्न ऋण लिएकाले ब्याज तिर्न छाडेपछि बैंकहरूको खराब कर्जा र नोक्सानी दुवै बढ्दै गएको छ । बैंकहरूले प्रकाशित गरेको दोस्रो त्रैमासिक वित्तीय विवरणअनुसार १२ वटाको खराब कर्जा बढेको छ ।
यसका साथै आर्थिक वर्षको पहिलो तीन महिनामा १ अर्ब १ करोड रुपैयाँको कर्जा नोक्सानी व्यवस्था गरेका वाणिज्य बैंकको दोस्रो त्रैमासिकमा यो रकम २ अर्ब २९ करोड रुपैयाँ पुगेको छ ।
घरजग्गा क्षेत्रको कारोबार घटेर ब्याज उठ्न छाडेपछि बैंकहरूले पनि राष्ट्र बैंकलाई लगानीको सीमामा पुनर्विचार गर्न आग्रह गरेका थिए । यसबाहेक घरकर्जालाई खुकुलो बनाउनुपर्ने माग पनि उनीहरूको छ ।
'घर आधारभूत आवस्यकता भएकाले यसमा हुने लगानी जोखिममा हुँदैन' बैंकर्स संघका एक पदाधिकारीले भने, 'घर कर्जालाई खुकुलो बनाउन हामीले आग्रह गरेका छौं ।' घरजग्गा व्यवसायीले पनि जग्गा कारोबारमा नभएर घरकर्जालाई मात्र भए पनि खुकुलो बनाउन आग्रह गर्दै आएका छन् ।
'हामीले केही समयअघि कार्यक्रम गरेर समस्या र समाधानका बारेमा राष्ट्र बैंकका पदाधिकारीलाई जानकारी गराएका थियौं,' लोहनीले भने, 'केही महिनामै खुकुलो हुने आस गरेका छौं ।'
घरजग्गाको कारोबारमा शिथिलता आएपछि यसबाट उठ्ने राजस्वमा पनि उच्च गिरावट आएको छ । अघिल्लो वर्षसम्म तोकिएको लक्ष्यभन्दा दोब्बर राजस्व उठ्ने गरे पनि यसवर्ष आधा समेत उठेको छैन । तथ्यांकअनुसार आर्थिक वर्षको ६ महिनामा काठमाडौंका ५ मालपोत कार्यालयले १ अर्ब ५४ करोड रुपैयाँ राजस्व उठाएका छन् । यस अवधिको लक्ष ३ अर्बभन्दा बढी लक्ष तोकिएको थियो ।
प्रकाशित मिति: २०६७ फाल्गुन १२ ०९:२६
रोशन अधिकारी , http://www.ekantipur.com/np/2067/11/12/full-story/325537.html
अधिकांश वाणिज्य बैंकले छोटो समयमै यस क्षेत्रको लगानी घटाउन थालेका छन् । लामो समयका लागि दिइएको ऋण भए पनि बिक्रीलाई दबाब दिएर यस क्षेत्रको ऋण घट्न थालेको हो । 'जति बढी समयसम्म बिक्री नगर्यो त्यति नै मूल्य घट्ने सम्भावना रहन्छ,' एक वाणिज्य बैंकका प्रमुख कार्यकारी अधिकृतले भने, 'ब्याज तिर्न नसक्ने अवस्था आइसकेकाले ग्राहकलाई बिक्रीको सुझाव दिइरहेका छौं ।'
वाणिज्य बैंकले कारोबार उच्च भएको समयमा जग्गाको मूल्यको ८० प्रतिशतसम्म लगानी गरेका छन् । कारोबार घटेपछि मूल््य बढ्ने क्रम रोकिएको छ । बैंक अफ काठमाडौंका प्रमुख कार्यकारी अधिकृत अजय श्रेष्ठ पनि सुरुको मूल्य नपाउने अवस्था आउँदा बिक्री गरेर समयमै सुरक्षित हुन सुझाव दिने गरेको बताए । 'एकातर्फ ब्याजको बोझ हुन्छ,' उनले भने, 'अर्कोतर्फ लामो समय राख्न मूल्य के हुने हो थाहा हुँदैन ।' लामो समय 'होल्ड' गर्दा ग्राहकका साथै बैंकले पनि नोक्सानी बेहोर्नुपर्ने भएकाले बिक्री गर्नु बुद्धिमानी हुनेे उनले बताए ।
सञ्चालनमा रहेका वाणिज्य बैंकले घरजग्गाका विभिन्न क्षेत्रमा करिब १ खर्ब लगानी गरेका छन् । जसमध्ये ठूलो हिस्सा जग्गामा मात्र छ । घरजग्गा व्यवसायी पनि बैंकले 'चिन्ता लिनु' स्वाभाविक भएको बताउँछन् । 'बजारमा सुधार नभए बैंकलाई पनि ठूलो असर पर्छ,' जग्गा तथा आवास विकास संघका सचिव भेषराज लोहनीले भने, 'त्यसैले यस्तो कुरा आउनु स्वाभाविक हो ।' केही घरजग्गा व्यवसायीले भने जग्गा बिक्री गरी ऋण चुक्ता गर्न वा कुल ऋणको २५ प्रतिशत भुक्तानी गरिहाल्न बैंकले दबाब दिएको बताए ।
अघिल्लो आर्थिक वर्षको दोस्रो त्रैमासिकको तुलनामा माछापुच्छ्रे, डिसिबिएल र किस्ट बैंकले १ अर्ब ँपैयाँको हाराहारीमा यस क्षेत्रबाट ऋण घटाएका छन् । नयाँ खुलेका र सीमा भित्र रहेका केही बैंकले भने लगानी बढाएका छन्् । बढ्नेमा ग्लोबल, जनता, लक्ष्मी, लुम्बिनी, मेगा, नेपाल बैंक, एनआइसी, एनएमबी, एसबिआई बैंक छन् । कमर्ज एन्ड ट्रस्टले भने घरजग्गामा लगानी गरेको छैन ।
पछिल्लो समयमा जग्गाको कारोबार गर्न ऋण लिएकाले ब्याज तिर्न छाडेपछि बैंकहरूको खराब कर्जा र नोक्सानी दुवै बढ्दै गएको छ । बैंकहरूले प्रकाशित गरेको दोस्रो त्रैमासिक वित्तीय विवरणअनुसार १२ वटाको खराब कर्जा बढेको छ ।
यसका साथै आर्थिक वर्षको पहिलो तीन महिनामा १ अर्ब १ करोड रुपैयाँको कर्जा नोक्सानी व्यवस्था गरेका वाणिज्य बैंकको दोस्रो त्रैमासिकमा यो रकम २ अर्ब २९ करोड रुपैयाँ पुगेको छ ।
घरजग्गा क्षेत्रको कारोबार घटेर ब्याज उठ्न छाडेपछि बैंकहरूले पनि राष्ट्र बैंकलाई लगानीको सीमामा पुनर्विचार गर्न आग्रह गरेका थिए । यसबाहेक घरकर्जालाई खुकुलो बनाउनुपर्ने माग पनि उनीहरूको छ ।
'घर आधारभूत आवस्यकता भएकाले यसमा हुने लगानी जोखिममा हुँदैन' बैंकर्स संघका एक पदाधिकारीले भने, 'घर कर्जालाई खुकुलो बनाउन हामीले आग्रह गरेका छौं ।' घरजग्गा व्यवसायीले पनि जग्गा कारोबारमा नभएर घरकर्जालाई मात्र भए पनि खुकुलो बनाउन आग्रह गर्दै आएका छन् ।
'हामीले केही समयअघि कार्यक्रम गरेर समस्या र समाधानका बारेमा राष्ट्र बैंकका पदाधिकारीलाई जानकारी गराएका थियौं,' लोहनीले भने, 'केही महिनामै खुकुलो हुने आस गरेका छौं ।'
घरजग्गाको कारोबारमा शिथिलता आएपछि यसबाट उठ्ने राजस्वमा पनि उच्च गिरावट आएको छ । अघिल्लो वर्षसम्म तोकिएको लक्ष्यभन्दा दोब्बर राजस्व उठ्ने गरे पनि यसवर्ष आधा समेत उठेको छैन । तथ्यांकअनुसार आर्थिक वर्षको ६ महिनामा काठमाडौंका ५ मालपोत कार्यालयले १ अर्ब ५४ करोड रुपैयाँ राजस्व उठाएका छन् । यस अवधिको लक्ष ३ अर्बभन्दा बढी लक्ष तोकिएको थियो ।
प्रकाशित मिति: २०६७ फाल्गुन १२ ०९:२६
रोशन अधिकारी , http://www.ekantipur.com/np/2067/11/12/full-story/325537.html
Inflation back to double digits
KATHMANDU, FEB 24 -
Inflation has risen again into the double digits after remaining in the single digit during the first five months of the current fiscal year. The half-yearly macro-economic report of Nepal Rastra Bank (NRB) shows that consumer inflation reached 11.3 percent in the sixth month of the fiscal year.
The increase in inflation has been attributed a rise in the cost of petroleum products, public transport and food. Food, beverages, clothing, footwear and transport have all become more expensive.
According to the NRB report, the price indices of both the food and beverage group and the non-food and services group increased by 17.6 percent and 6.2 percent respectively.
There has been a sharp rise in vegetable prices, especially of onions. An increase in onion prices in India affected the domestic market too. Consumers have been hit by price hikes in vegetables, cereal grains and their products, fruits, spices, meat, sugar and sweets during the period.
"There has been a rise in the price of vegetables, meat and food products pushing the overall inflation into double digits," said NRB spokesman Bhaskar Mani Gyawali. "It may ease in the coming months with a decline in prices in the Indian market." According to NRB, the price index of the vegetable subgroup increased by the highest rate of 67.4 percent, followed by fruits and spices with increments of 26.7 percent and 22.6 percent respectively.
Similarly, prices of cereal grains and their products, meat and fish and milk products and egg increased by 15.5 percent, 9.5 percent and 14.0 percent respectively.
In the non-food and services group, prices of clothing and footwear swelled by 14.8 percent while transport costs rose 11.2 percent. With petroleum prices going up, public transport fares have been increased of late. The NRB report says the wholesale price of petroleum products and coal has increased by 17.9 percent.
For a large part of 2009-10, inflation had remained in the double digits. However, it started to drop at the start of the current fiscal year. Despite the monetary policy
saying inflation would be maintained at 7 percent, NRB officials said it would be
higher than that.
Posted on: 2011-02-24 08:57
http://www.ekantipur.com/2011/02/24/business/inflation-back-to-double-digits/330055.html
Inflation has risen again into the double digits after remaining in the single digit during the first five months of the current fiscal year. The half-yearly macro-economic report of Nepal Rastra Bank (NRB) shows that consumer inflation reached 11.3 percent in the sixth month of the fiscal year.
The increase in inflation has been attributed a rise in the cost of petroleum products, public transport and food. Food, beverages, clothing, footwear and transport have all become more expensive.
According to the NRB report, the price indices of both the food and beverage group and the non-food and services group increased by 17.6 percent and 6.2 percent respectively.
There has been a sharp rise in vegetable prices, especially of onions. An increase in onion prices in India affected the domestic market too. Consumers have been hit by price hikes in vegetables, cereal grains and their products, fruits, spices, meat, sugar and sweets during the period.
"There has been a rise in the price of vegetables, meat and food products pushing the overall inflation into double digits," said NRB spokesman Bhaskar Mani Gyawali. "It may ease in the coming months with a decline in prices in the Indian market." According to NRB, the price index of the vegetable subgroup increased by the highest rate of 67.4 percent, followed by fruits and spices with increments of 26.7 percent and 22.6 percent respectively.
Similarly, prices of cereal grains and their products, meat and fish and milk products and egg increased by 15.5 percent, 9.5 percent and 14.0 percent respectively.
In the non-food and services group, prices of clothing and footwear swelled by 14.8 percent while transport costs rose 11.2 percent. With petroleum prices going up, public transport fares have been increased of late. The NRB report says the wholesale price of petroleum products and coal has increased by 17.9 percent.
For a large part of 2009-10, inflation had remained in the double digits. However, it started to drop at the start of the current fiscal year. Despite the monetary policy
saying inflation would be maintained at 7 percent, NRB officials said it would be
higher than that.
Posted on: 2011-02-24 08:57
http://www.ekantipur.com/2011/02/24/business/inflation-back-to-double-digits/330055.html
balance of payments (BoP) deficit increases again
KATHMANDU, FEB 24 -
Despite relative improvement in foreign trade, Nepal’s balance of payments (BoP) recorded a deficit of Rs 4.43 billion in the first half of the fiscal year. The BoP surged by more than a billion rupees in the sixth month (mid-December to mid-January).
After reaching Rs 6.88 in the third month of the current fiscal year, the BoP deficit declined in the following two months.
“Delays in reimbursement of counterpart funds by donors are one of the reasons behind the surge in the BoP deficit,” said a senior Nepal Rastra Bank official. “This has happened due to a slowdown in the government’s development spending funded by donors.” NRB had aimed to decrease the BoP deficit every successive month
NRB’s half-yearly macro-economic situation report shows there has been a drop in imports, thanks to a substantial decrease in gold imports. As per the NRB report, imports declined by 1.6 percent to Rs 185.83 billion in the first half of 2010-11. Excluding the import of gold, imports of other products showed an increase of 18.7 percent. Such imports had grown by 40.2 percent to Rs 188.81 billion in the same period last year.
There has been an improvement in the country’s export sector. NRB said exports rose 5.9 percent to Rs 32.63 billion during the review period. Exports had declined by 11.1 percent during the same period last year. According to NRB, exports to India and third countries surged by 9.7 percent and 0.5 percent respectively during the period under review.
The liquidity crunch is likely to stay for some more time as the NRB report shows a widened gap between deposits and lending of commercial banks in the last six months. The first half of the current fiscal year saw deposits increasing by only Rs 3.78 billion against an increment in lending of Rs 45.93 billion.
This huge gap between deposits and lending, according to bankers, is due to a slowdown in government spending and enforcement of anti-money laundering policies. “The government hasn’t been able to expedite development expenditure,” said NRB spokesman Bhaskar Mani Gyawali. “Once government spending picks up pace, there will be an improvement in it.”
According to the NRB report, inter-bank transactions of commercial banks reached Rs 201.68 billion during the first six months compared to Rs 150.90 billion last year. “This is due to a squeeze in liquidity,” said Sashin Joshi, CEO of NIC Bank. “With deposit mobilisation remaining slow, banks had no alternative but to go for inter-bank transactions to provide funds.”
Remittance inflow growth remained at 11.5 percent in the first half of the fiscal year. Nepal received remittance worth Rs 118.45 billion during this period.
BoP Deficit
Month Amount (in Rs billion)
Sixth month 4.43
Fifth month 3.35
Fourth month 5.03
Third month 6.88
Second month 4.36
First month 0.31
Posted on: 2011-02-24 08:55
http://www.ekantipur.com/2011/02/24/business/bop-deficit-increases-again/330053.html
Despite relative improvement in foreign trade, Nepal’s balance of payments (BoP) recorded a deficit of Rs 4.43 billion in the first half of the fiscal year. The BoP surged by more than a billion rupees in the sixth month (mid-December to mid-January).
After reaching Rs 6.88 in the third month of the current fiscal year, the BoP deficit declined in the following two months.
“Delays in reimbursement of counterpart funds by donors are one of the reasons behind the surge in the BoP deficit,” said a senior Nepal Rastra Bank official. “This has happened due to a slowdown in the government’s development spending funded by donors.” NRB had aimed to decrease the BoP deficit every successive month
NRB’s half-yearly macro-economic situation report shows there has been a drop in imports, thanks to a substantial decrease in gold imports. As per the NRB report, imports declined by 1.6 percent to Rs 185.83 billion in the first half of 2010-11. Excluding the import of gold, imports of other products showed an increase of 18.7 percent. Such imports had grown by 40.2 percent to Rs 188.81 billion in the same period last year.
There has been an improvement in the country’s export sector. NRB said exports rose 5.9 percent to Rs 32.63 billion during the review period. Exports had declined by 11.1 percent during the same period last year. According to NRB, exports to India and third countries surged by 9.7 percent and 0.5 percent respectively during the period under review.
The liquidity crunch is likely to stay for some more time as the NRB report shows a widened gap between deposits and lending of commercial banks in the last six months. The first half of the current fiscal year saw deposits increasing by only Rs 3.78 billion against an increment in lending of Rs 45.93 billion.
This huge gap between deposits and lending, according to bankers, is due to a slowdown in government spending and enforcement of anti-money laundering policies. “The government hasn’t been able to expedite development expenditure,” said NRB spokesman Bhaskar Mani Gyawali. “Once government spending picks up pace, there will be an improvement in it.”
According to the NRB report, inter-bank transactions of commercial banks reached Rs 201.68 billion during the first six months compared to Rs 150.90 billion last year. “This is due to a squeeze in liquidity,” said Sashin Joshi, CEO of NIC Bank. “With deposit mobilisation remaining slow, banks had no alternative but to go for inter-bank transactions to provide funds.”
Remittance inflow growth remained at 11.5 percent in the first half of the fiscal year. Nepal received remittance worth Rs 118.45 billion during this period.
BoP Deficit
Month Amount (in Rs billion)
Sixth month 4.43
Fifth month 3.35
Fourth month 5.03
Third month 6.88
Second month 4.36
First month 0.31
Posted on: 2011-02-24 08:55
http://www.ekantipur.com/2011/02/24/business/bop-deficit-increases-again/330053.html
Insurers coming up with pvt pension schemes
KATHMANDU, FEB 25 -
Not only can government employees, even private sector employees now get pension. With an increasing number of life insurance companies starting pension schemes, private sector employees can benefit largely.
The only difference is private sector employees should contribute to insurance companies in the form of premiums, while government employees should not make any contribution to the government. However, the government is also considering a new pension model in which employees should make some contribution, as it is bearing a huge burden under the current model.
Metlife American Life Insurance Company (ALICO) started its pension scheme in August 2010 and a few other companies are also gearing up to start such scheme. Prime Life Insurance Company and Nepal Life Insurance Company (NLIC) are planning to start the scheme soon.
An ALICO official said under their pension scheme, an individual can get pension until the age of 100. If a policyholder dies after retirement, his/her beneficiary will get pension for 20 years. “In the event of the death of a policyholder prior to his retirement, his/her beneficiary can claim insurance,” said the official. “Any individual aged 18-55 years can participate in the scheme.” The premium amount depends on policyholder’s age and policy, said the official, adding that they are receiving a good response.
Insurance companies see a great market potential, as many private sector employees are deprived of social security benefits. Resta Jha, chief executive officer of Prime Life, said their motive behind introducing pension scheme is to expand the insurance market in urban areas and ensure social security to private sector employees.
Prime has already designed a pension policy. As per the Prime’s scheme,
policyholders will have to decide on how many years they want to pay premium and from when and for how many years they want pension. “They should pay premium at least for five years as per our scheme,” said Jha.
The pension period will be based on the wish of policyholders. “If they want pension for a long period, they get relatively low monthly payment,” said Jha.
NLIC is carrying out necessary homework to start the scheme. “It will take some time, as we have to adjust the scheme as per Nepal’s mortality table,” said Manoj Kumar Bhattarai, chief executive officer of NLIC. He also demanded tax benefits for such schemes.
Social security scheme of insurance companies has come at a time when the government is planning to introduce a comprehensive social security plan by imposing 1 percent tax on every employee—both government and private sector. Because of differences between trade unions and employers over labour flexibility issue, the plan is yet to make headway.
Posted on: 2011-02-25 08:55
PRITHVI MAN SHRESTHA, http://www.ekantipur.com/2011/02/25/business/insurers-coming-up-with-pvt-pension-schemes/330109.html
Not only can government employees, even private sector employees now get pension. With an increasing number of life insurance companies starting pension schemes, private sector employees can benefit largely.
The only difference is private sector employees should contribute to insurance companies in the form of premiums, while government employees should not make any contribution to the government. However, the government is also considering a new pension model in which employees should make some contribution, as it is bearing a huge burden under the current model.
Metlife American Life Insurance Company (ALICO) started its pension scheme in August 2010 and a few other companies are also gearing up to start such scheme. Prime Life Insurance Company and Nepal Life Insurance Company (NLIC) are planning to start the scheme soon.
An ALICO official said under their pension scheme, an individual can get pension until the age of 100. If a policyholder dies after retirement, his/her beneficiary will get pension for 20 years. “In the event of the death of a policyholder prior to his retirement, his/her beneficiary can claim insurance,” said the official. “Any individual aged 18-55 years can participate in the scheme.” The premium amount depends on policyholder’s age and policy, said the official, adding that they are receiving a good response.
Insurance companies see a great market potential, as many private sector employees are deprived of social security benefits. Resta Jha, chief executive officer of Prime Life, said their motive behind introducing pension scheme is to expand the insurance market in urban areas and ensure social security to private sector employees.
Prime has already designed a pension policy. As per the Prime’s scheme,
policyholders will have to decide on how many years they want to pay premium and from when and for how many years they want pension. “They should pay premium at least for five years as per our scheme,” said Jha.
The pension period will be based on the wish of policyholders. “If they want pension for a long period, they get relatively low monthly payment,” said Jha.
NLIC is carrying out necessary homework to start the scheme. “It will take some time, as we have to adjust the scheme as per Nepal’s mortality table,” said Manoj Kumar Bhattarai, chief executive officer of NLIC. He also demanded tax benefits for such schemes.
Social security scheme of insurance companies has come at a time when the government is planning to introduce a comprehensive social security plan by imposing 1 percent tax on every employee—both government and private sector. Because of differences between trade unions and employers over labour flexibility issue, the plan is yet to make headway.
Posted on: 2011-02-25 08:55
PRITHVI MAN SHRESTHA, http://www.ekantipur.com/2011/02/25/business/insurers-coming-up-with-pvt-pension-schemes/330109.html
Donnerstag, 24. Februar 2011
New NRB directive hits four FIs’ expansion plans
KATHMANDU, FEB 23 -
The new Nepal Rastra Bank (NRB) directive on operating area expansion of financial institutions (FIs) has hit expansion plans of four development banks.
Banepa-based Annapurna Development Bank, Pashupati Development Bank and Infrastructure Development Bank and Pokhara-based Business Development Bank have now been barred from expanding themselves to national level.
Although these institutions had applied for upgradation by fulfiling the required criteria as per the earlier provision, they do not meet the new criteria.
Business and Annapurna had applied for the upgradation 11 months ago, while other two had applied seven months ago. “They should be allowed to upgrade as per the old criteria as they had applied a long time ago,” said Jhapat Bohora, President of Development Bankers’ Association.
An NRB source said the central bank is positive for allowing these institutions for upgradation on the basis of their corporate governance. “The governor wants to allow upgradation of FIs that have applied long before the introduction of the new guideline on the basis of their corporate governance,” said the source.
The central bank sought a controlled expansion of FIs, as they were tending to expand their operation area without being stronger in the first designated area. The NRB says that the main objective for the establishment of development banks is to promote banking services at local level; however, they are aspiring to enter the Kathmandu Valley. “Expansion of FIs having poor governance poses a huge threat to the financial system,” said an NRB official.
As per the new directive, the aforementioned banks should have collected deposits of around Rs 3 billion for expanding, but none of them has collected the required deposit. The directive says that those willing to expand their presence should have collected 60 percent of the permitted financial resources.
Three district-based Siddhartha Development Bank has already been upgraded to national level. Pashupati, Annapurna and Infrastructure are 10 district-based, while Business Development Bank is three district-based.
“The central bank should not prevent these banks from expanding at a time when investors are investing in the banking sector despite crisis,” said Bohora.
Officials of the Development Bank Association met Governor Yubaraj Khatiwada on Monday and asked him to allow the four FIs to expand as per the earlier criteria. The officials have also forwarded their demand in written after the governor asked to do so.
Posted on: 2011-02-23 09:03
http://www.ekantipur.com/2011/02/23/business/new-nrb-directive-hits-four-fis-expansion-plans/330010.html
The new Nepal Rastra Bank (NRB) directive on operating area expansion of financial institutions (FIs) has hit expansion plans of four development banks.
Banepa-based Annapurna Development Bank, Pashupati Development Bank and Infrastructure Development Bank and Pokhara-based Business Development Bank have now been barred from expanding themselves to national level.
Although these institutions had applied for upgradation by fulfiling the required criteria as per the earlier provision, they do not meet the new criteria.
Business and Annapurna had applied for the upgradation 11 months ago, while other two had applied seven months ago. “They should be allowed to upgrade as per the old criteria as they had applied a long time ago,” said Jhapat Bohora, President of Development Bankers’ Association.
An NRB source said the central bank is positive for allowing these institutions for upgradation on the basis of their corporate governance. “The governor wants to allow upgradation of FIs that have applied long before the introduction of the new guideline on the basis of their corporate governance,” said the source.
The central bank sought a controlled expansion of FIs, as they were tending to expand their operation area without being stronger in the first designated area. The NRB says that the main objective for the establishment of development banks is to promote banking services at local level; however, they are aspiring to enter the Kathmandu Valley. “Expansion of FIs having poor governance poses a huge threat to the financial system,” said an NRB official.
As per the new directive, the aforementioned banks should have collected deposits of around Rs 3 billion for expanding, but none of them has collected the required deposit. The directive says that those willing to expand their presence should have collected 60 percent of the permitted financial resources.
Three district-based Siddhartha Development Bank has already been upgraded to national level. Pashupati, Annapurna and Infrastructure are 10 district-based, while Business Development Bank is three district-based.
“The central bank should not prevent these banks from expanding at a time when investors are investing in the banking sector despite crisis,” said Bohora.
Officials of the Development Bank Association met Governor Yubaraj Khatiwada on Monday and asked him to allow the four FIs to expand as per the earlier criteria. The officials have also forwarded their demand in written after the governor asked to do so.
Posted on: 2011-02-23 09:03
http://www.ekantipur.com/2011/02/23/business/new-nrb-directive-hits-four-fis-expansion-plans/330010.html
Banks not feeling depositors’ pulse
FEB 24 -
Ajay Shrestha is the chief executive officer of Bank of Kathmandu. He talked to The Kathmandu Post about his bank’s current financial situation and challenges facing the banking sector: Excerpts:
How is the financial situation of Bank of Kathmandu as of the second quarter of the current fiscal year?
Our net profit grew by 31 percent as of the second quarter of the current fiscal year compared to the same period last year. This is a good achievement at a time when the banking sector is facing troubles. Our branch expansion drive also slowed this year resulting in growth in profit. However, the big challenge before us is to sustain the profit growth, as the spread rate is decreasing, risk of defaults is increasing and branch expansion cost is also going up.
What are the major challenges facing the banking sector currently?
Banks’ failure in raising deposits has resulted in liquidity crunch in the banking system. The current liquidity crunch is also a result of the government’s failure to spend development budget as the fiscal budget was introduced late. There is a risk that real estate sector will fail to repay loans. In my point of view, realty traders, who are waiting appropriate time to sell land, may not be able to hold land for a long time as they also have to pay interest to banks. There are also possibilities of fall of realty prices.
The non-performing loan (NPL) level of BoK has increased in the second quarter compared to first and the same period last year. Is it due to realty loan defaults?
No, we are not facing repayment problems from the realty sector. In fact, payment form real estate and housing sectors is better than industrial and small and medium scale enterprises (SMEs). Actually, our NPL level went up because we reassessed the quality of loans more conservatively and made provisioning of loans which could also be considered good loans. Our lending to realty sector, including housing, stands at just 17 percent of the total loans. It is just 10 percent in the realty sector alone.
Why are banks failing to attract deposits?
I think it is mainly because of banks’ failure to offer deposit products as per the depositors’ demand. This is the main reason behind depositors shying away from banks.
We witnessed a growth of 25 percent in deposit accounts after we introduced micro-saving and micro-fixed account scheme last year. Development banks and cooperatives are attracting deposits because they are offering products as desired by the market.
Many bankers say that deposits are not coming to banks due to the anti-money laundering provision. What do you say?
This provision may have affected banks’ deposit collection, but I do not think this the main reason. Banks are more focused on attracting deposits from a few big depositors and they have failed to cater a huge market remaining outside the banking access.
What is the reason behind the decline in deposits in your bank in the second quarter?
We are reducing the size of institutional deposits at high interest rates. It is not good to accept deposits at high interest rates, as this will compel banks to charge high to borrowers. This will also be risky for banks and the economy.
How have NRB guidelines on service charge affected the banking sector?
The guidelines on service charges have prevented many banks from offering new products having better services.
I think the measures put in place for maintaining transparency in service charges are ok, but fixing prices for certain services is not a good move in the competitive market.
Do you have any merger plan?
We are open to merger. The policymaker is promoting merger aggressively and it will create a better environment for mergers. However, the NRB’s lone effort will not help. The government, NRB and Securities Board of Nepal should work together for providing benefit comprehensively to encourage merger.
Posted on: 2011-02-24 08:58
http://www.ekantipur.com/2011/02/24/business/banks-not-feeling-depositors-pulse/330056.html
Ajay Shrestha is the chief executive officer of Bank of Kathmandu. He talked to The Kathmandu Post about his bank’s current financial situation and challenges facing the banking sector: Excerpts:
How is the financial situation of Bank of Kathmandu as of the second quarter of the current fiscal year?
Our net profit grew by 31 percent as of the second quarter of the current fiscal year compared to the same period last year. This is a good achievement at a time when the banking sector is facing troubles. Our branch expansion drive also slowed this year resulting in growth in profit. However, the big challenge before us is to sustain the profit growth, as the spread rate is decreasing, risk of defaults is increasing and branch expansion cost is also going up.
What are the major challenges facing the banking sector currently?
Banks’ failure in raising deposits has resulted in liquidity crunch in the banking system. The current liquidity crunch is also a result of the government’s failure to spend development budget as the fiscal budget was introduced late. There is a risk that real estate sector will fail to repay loans. In my point of view, realty traders, who are waiting appropriate time to sell land, may not be able to hold land for a long time as they also have to pay interest to banks. There are also possibilities of fall of realty prices.
The non-performing loan (NPL) level of BoK has increased in the second quarter compared to first and the same period last year. Is it due to realty loan defaults?
No, we are not facing repayment problems from the realty sector. In fact, payment form real estate and housing sectors is better than industrial and small and medium scale enterprises (SMEs). Actually, our NPL level went up because we reassessed the quality of loans more conservatively and made provisioning of loans which could also be considered good loans. Our lending to realty sector, including housing, stands at just 17 percent of the total loans. It is just 10 percent in the realty sector alone.
Why are banks failing to attract deposits?
I think it is mainly because of banks’ failure to offer deposit products as per the depositors’ demand. This is the main reason behind depositors shying away from banks.
We witnessed a growth of 25 percent in deposit accounts after we introduced micro-saving and micro-fixed account scheme last year. Development banks and cooperatives are attracting deposits because they are offering products as desired by the market.
Many bankers say that deposits are not coming to banks due to the anti-money laundering provision. What do you say?
This provision may have affected banks’ deposit collection, but I do not think this the main reason. Banks are more focused on attracting deposits from a few big depositors and they have failed to cater a huge market remaining outside the banking access.
What is the reason behind the decline in deposits in your bank in the second quarter?
We are reducing the size of institutional deposits at high interest rates. It is not good to accept deposits at high interest rates, as this will compel banks to charge high to borrowers. This will also be risky for banks and the economy.
How have NRB guidelines on service charge affected the banking sector?
The guidelines on service charges have prevented many banks from offering new products having better services.
I think the measures put in place for maintaining transparency in service charges are ok, but fixing prices for certain services is not a good move in the competitive market.
Do you have any merger plan?
We are open to merger. The policymaker is promoting merger aggressively and it will create a better environment for mergers. However, the NRB’s lone effort will not help. The government, NRB and Securities Board of Nepal should work together for providing benefit comprehensively to encourage merger.
Posted on: 2011-02-24 08:58
http://www.ekantipur.com/2011/02/24/business/banks-not-feeling-depositors-pulse/330056.html
Dienstag, 22. Februar 2011
विकास बैंकले घटाए नेप्से
काठमाडौं, फागुन १० (नागरिक)- विकास बैंकसहित वाणिज्य बैंक र नेपाल टेलिकम सूचीकृत अन्य समूहको परिसूचक घटेकाले समग्र बजार परिसूचक नेप्से सोमबार ओरालो लागेको छ।
स्टक एक्सचेन्जका अनुसार नेप्से सोमबार ०.८३ अंकले घटेर ४०४.३२ मा आइपुगेको छ। नेप्से आइतबार पनि घटेको थियो। जलविद्युत, बिमा र वित्त समूहको परिसूचक बढेका छन्। होटल, उत्पादनमुलक र व्यापार समूहबाट कुनैपनि कम्पनीको कारोबार भएको छैन्।
यस दिन ८० कम्पनीको कारोबार भएकामध्ये ३३ कम्पनीको सेयर मूल्य बढेको, १० को स्थिर रहेको र ३७ को घटेको स्टक एक्सचेन्जले जनाएको छ। स्टक एक्सचेन्जमा सूचीकृतसँगै कारोबार हुने कम्पनी बढेका छन्। सूचीकरणको अनुपातमा कारोबार रकम भने बढ्न सकेको छैन्।
सोमबारको कारोबार रकम पछिल्लो समयको औसतभन्दा कम हो। यस दिन एक हजार पाँच सय ६५ कारोबारमा एक करोड ७३ लाख १३ हजार रुपैयाँ बराबरका ७८ हजार एक कित्ता सेयर किनबेच भएका छन्। आइतबार एक हजार आठ सय ४८ कारोबारमा दुई करोड ३५ लाख ९७ हजार रुपैयाँ बराबरका एक लाख २४ हजार ५ सय ४९ कित्ता सेयर किनबेच भएका थिए।
आर्थिक वर्ष ०६५/६६ मा दैनिक ९ करोड रुपैयाँ बराबरको सेयर किनबेच हुने गरेकोमा गत वर्ष ४ करोडमा झरेको थियो। चालु आर्थिक वर्षको प्रथम पाँच महिनामा यस्तो औसत ३ करोड रुपैयाँ कायम भएको छ।
यस दिन कारोबार संख्या (४२६) का आधारमा गौरीशंकर विकास बैंक अगाडि छ। किनबेच भएका सेयर संख्या (१० हजार ) का आधारमा एनसिएम म्युचुअल फन्ड र कारोबार रकम (२८ लाख ९७ हजार रुपैयाँ) का आधारमा स्ट्यान्डर्ड चार्टर्ड बैंकले अग्रता लिएको छ।
काठमाडौं फाइनान्सको संस्थापक सेयर, विश्व विकास बैंक र दियालो विकास बैंकको सेयर मूल्य उच्च दरमा घटेको छ। काबेली विकास बैंक, जनरल फाइनान्स र एनबी बैंकको सेयर मूल्य उच्च दरमा बढेको छ।
यस दिनको कारोबारबाट बजार पुँजीकरण ३ खर्ब ५४ अर्ब रुपैयाँ कायम भएको छ। यो अघिल्लो दिनको तुलनामा एक अर्ब कम हो। बजार उचाइमा पुगेका बेला यो ६ खर्ब १२ अर्ब रुपैयाँ थियो।
http://news.nagariknews.com/economy/industries/23582-2011-02-22-05-57-56.html
स्टक एक्सचेन्जका अनुसार नेप्से सोमबार ०.८३ अंकले घटेर ४०४.३२ मा आइपुगेको छ। नेप्से आइतबार पनि घटेको थियो। जलविद्युत, बिमा र वित्त समूहको परिसूचक बढेका छन्। होटल, उत्पादनमुलक र व्यापार समूहबाट कुनैपनि कम्पनीको कारोबार भएको छैन्।
यस दिन ८० कम्पनीको कारोबार भएकामध्ये ३३ कम्पनीको सेयर मूल्य बढेको, १० को स्थिर रहेको र ३७ को घटेको स्टक एक्सचेन्जले जनाएको छ। स्टक एक्सचेन्जमा सूचीकृतसँगै कारोबार हुने कम्पनी बढेका छन्। सूचीकरणको अनुपातमा कारोबार रकम भने बढ्न सकेको छैन्।
सोमबारको कारोबार रकम पछिल्लो समयको औसतभन्दा कम हो। यस दिन एक हजार पाँच सय ६५ कारोबारमा एक करोड ७३ लाख १३ हजार रुपैयाँ बराबरका ७८ हजार एक कित्ता सेयर किनबेच भएका छन्। आइतबार एक हजार आठ सय ४८ कारोबारमा दुई करोड ३५ लाख ९७ हजार रुपैयाँ बराबरका एक लाख २४ हजार ५ सय ४९ कित्ता सेयर किनबेच भएका थिए।
आर्थिक वर्ष ०६५/६६ मा दैनिक ९ करोड रुपैयाँ बराबरको सेयर किनबेच हुने गरेकोमा गत वर्ष ४ करोडमा झरेको थियो। चालु आर्थिक वर्षको प्रथम पाँच महिनामा यस्तो औसत ३ करोड रुपैयाँ कायम भएको छ।
यस दिन कारोबार संख्या (४२६) का आधारमा गौरीशंकर विकास बैंक अगाडि छ। किनबेच भएका सेयर संख्या (१० हजार ) का आधारमा एनसिएम म्युचुअल फन्ड र कारोबार रकम (२८ लाख ९७ हजार रुपैयाँ) का आधारमा स्ट्यान्डर्ड चार्टर्ड बैंकले अग्रता लिएको छ।
काठमाडौं फाइनान्सको संस्थापक सेयर, विश्व विकास बैंक र दियालो विकास बैंकको सेयर मूल्य उच्च दरमा घटेको छ। काबेली विकास बैंक, जनरल फाइनान्स र एनबी बैंकको सेयर मूल्य उच्च दरमा बढेको छ।
यस दिनको कारोबारबाट बजार पुँजीकरण ३ खर्ब ५४ अर्ब रुपैयाँ कायम भएको छ। यो अघिल्लो दिनको तुलनामा एक अर्ब कम हो। बजार उचाइमा पुगेका बेला यो ६ खर्ब १२ अर्ब रुपैयाँ थियो।
http://news.nagariknews.com/economy/industries/23582-2011-02-22-05-57-56.html
ब्याङ्कमै पैसा अभाव
फागुन १०- राष्ट्रिय वाणिज्य ब्याङ्क शाखा कार्यालय खोटाङमा केही दिनयता रकम अभाव भएका कारण ठूलो परिमाणको रकम भुक्तानी हुन छाडेको छ। जिल्लाबासीलाई वित्तीय सेवा पुर्याउँदै आएको एकमात्र सरकारी यो ब्याङ्कमा मागेबमोजिम केन्द्रबाट रकम नआएका कारण अभाव भएको ब्याङ्क कर्मचारी ज्ञानु आचार्यले बताइन्।
रकम अभाव भएका कारण ब्याङ्कले हाल २० हजार रूपियाँभन्दा बढी रकमको भुक्तानी दिन छाडेको छ। गत माघमै आएपछि तीन दिनअघि आउनुपर्ने रकम नआएका कारण अभाव भएको ब्याङ्कले जनाएको छ। रकम अभावमा सबभन्दा बढी गाविस सचिव, कर्मचारी र व्यापारीलाई समस्या परेको एक सचिवले बताए। पैसा अभावमा सामाजिक सुरक्षा भत्ताअन्तर्गत रकम दिन नपाएको सचिवहरुको गुनासो छ।
तीन दिनअघि नै आउनुपर्ने पैसा नआएपछि राजस्व सङ्कलनबाट उठेको रकमबाट जेनतेन भुक्तानी दिँदै आएको ब्याङ्कका म्यानेजर मुरारिप्रसाद दङ्गाललाई उद्धृत गर्दै आचार्यले बताइन्। 'दैनिक सवा करोडभन्दा बढी रकम भुक्तानी हुने गरेको थियो', आचार्यले भनिन्- पैसा नआएपछि ठूलो रकम भुक्तानी रोकेका छौं।
बुधबारसम्ममा लामिडाँडाबाट पैसा आउने सम्भावना रहेको उनले बताएकी छिन्।
महेश्वर चामलिङ राई, उदयपुर, http://news.nagariknews.com/economy/industries/23595-2011-02-22-09-46-54.html
रकम अभाव भएका कारण ब्याङ्कले हाल २० हजार रूपियाँभन्दा बढी रकमको भुक्तानी दिन छाडेको छ। गत माघमै आएपछि तीन दिनअघि आउनुपर्ने रकम नआएका कारण अभाव भएको ब्याङ्कले जनाएको छ। रकम अभावमा सबभन्दा बढी गाविस सचिव, कर्मचारी र व्यापारीलाई समस्या परेको एक सचिवले बताए। पैसा अभावमा सामाजिक सुरक्षा भत्ताअन्तर्गत रकम दिन नपाएको सचिवहरुको गुनासो छ।
तीन दिनअघि नै आउनुपर्ने पैसा नआएपछि राजस्व सङ्कलनबाट उठेको रकमबाट जेनतेन भुक्तानी दिँदै आएको ब्याङ्कका म्यानेजर मुरारिप्रसाद दङ्गाललाई उद्धृत गर्दै आचार्यले बताइन्। 'दैनिक सवा करोडभन्दा बढी रकम भुक्तानी हुने गरेको थियो', आचार्यले भनिन्- पैसा नआएपछि ठूलो रकम भुक्तानी रोकेका छौं।
बुधबारसम्ममा लामिडाँडाबाट पैसा आउने सम्भावना रहेको उनले बताएकी छिन्।
महेश्वर चामलिङ राई, उदयपुर, http://news.nagariknews.com/economy/industries/23595-2011-02-22-09-46-54.html
Montag, 21. Februar 2011
Banks’ provisioning at Rs 2.29 billion
KATHAMNDU, FEB 21 -
Provisioning of commercial banks went up to Rs 2.29 billion in the second quarter of the current fiscal year from Rs 1.01 billion in the first.
The provisioning usually goes up when the size of bad loans increases. At least 25 percent of the loans should be provisioned, if they are not recovered within three months after the expiration of the payment deadline. If a bank fails recover loans within six months after the ending of the payment deadline, than it should provision 50 percent of the loans. And, if the loans are not recovered within a year of the running out of the payment deadline, 100 percent of the loans should be provisioned.
An increased size of loans also contribute to higher provisioning, as banks are also required to make 1 percent provisioning of good loans, according to the Nepal Rastra Bank (NRB) directive. Banks’ lending has gone up to Rs 502.86 billion from Rs 481.77 billion in the first quarter.
Provisioning was relatively higher during the second quarter of the last fiscal year compared to that in the same period this year, though. “Excessive lending last year could be a reason behind the higher provisioning,” said chief executive officer of a bank. “The growth of lending is slow this year.” As a result of excessive lending compared to deposit growth last year, banks faced liquidity crunch in the second half of the last fiscal year. He, however, said both non-performing loans and provisioning would further go up this year due to difficulty in recovering loans that went to realty sector.
Sunrise Bank witnessed the highest rise in provisioning with the provisioning of Rs 118.01 million in the first six months of the current fiscal year. The bank’s provisioning was at Rs 29.37 billion during the same period last year. NIC, KIST and Nepal Investment Bank have negative provisioning due write back of provision.
In the second quarter, 12 banks witnessed rise in their non-performing loans compared to the first. Machhapuchhre Bank witnessed the highest increment in NPL—from 4.91 percent to 7.17 percent. The bank’s NPL was 1.87 percent in the second quarter last year. A total of 16 commercial banks witnessed rise in their NPL in the first six months this year compared to the same period last year.
Nepal Bangladesh Bank (NBB), Rastriya Banijya Bank (RBB), Agriculture Development Bank Nepal (ADBN) and Machhapuchhrre Bank have the highest NPL among commercial banks.
Bankers say that increasing realty loan defaults will result in further increase in the NPL level of banks. At an interaction organised by Nepal Land and Housing Developers Association recently, both bankers and realty traders had demanded more flexible policy from the central bank to ensure loan recovery. “Banks are facing difficulties in recovering loans from the realty sector,” said Upendra Poudel, chief executive officer of NMB Bank Limited.
http://www.ekantipur.com/2011/02/21/business/banks-provisioning-at-rs-2.29-billion/329910.html
Posted on: 2011-02-21 09:04
Provisioning of commercial banks went up to Rs 2.29 billion in the second quarter of the current fiscal year from Rs 1.01 billion in the first.
The provisioning usually goes up when the size of bad loans increases. At least 25 percent of the loans should be provisioned, if they are not recovered within three months after the expiration of the payment deadline. If a bank fails recover loans within six months after the ending of the payment deadline, than it should provision 50 percent of the loans. And, if the loans are not recovered within a year of the running out of the payment deadline, 100 percent of the loans should be provisioned.
An increased size of loans also contribute to higher provisioning, as banks are also required to make 1 percent provisioning of good loans, according to the Nepal Rastra Bank (NRB) directive. Banks’ lending has gone up to Rs 502.86 billion from Rs 481.77 billion in the first quarter.
Provisioning was relatively higher during the second quarter of the last fiscal year compared to that in the same period this year, though. “Excessive lending last year could be a reason behind the higher provisioning,” said chief executive officer of a bank. “The growth of lending is slow this year.” As a result of excessive lending compared to deposit growth last year, banks faced liquidity crunch in the second half of the last fiscal year. He, however, said both non-performing loans and provisioning would further go up this year due to difficulty in recovering loans that went to realty sector.
Sunrise Bank witnessed the highest rise in provisioning with the provisioning of Rs 118.01 million in the first six months of the current fiscal year. The bank’s provisioning was at Rs 29.37 billion during the same period last year. NIC, KIST and Nepal Investment Bank have negative provisioning due write back of provision.
In the second quarter, 12 banks witnessed rise in their non-performing loans compared to the first. Machhapuchhre Bank witnessed the highest increment in NPL—from 4.91 percent to 7.17 percent. The bank’s NPL was 1.87 percent in the second quarter last year. A total of 16 commercial banks witnessed rise in their NPL in the first six months this year compared to the same period last year.
Nepal Bangladesh Bank (NBB), Rastriya Banijya Bank (RBB), Agriculture Development Bank Nepal (ADBN) and Machhapuchhrre Bank have the highest NPL among commercial banks.
Bankers say that increasing realty loan defaults will result in further increase in the NPL level of banks. At an interaction organised by Nepal Land and Housing Developers Association recently, both bankers and realty traders had demanded more flexible policy from the central bank to ensure loan recovery. “Banks are facing difficulties in recovering loans from the realty sector,” said Upendra Poudel, chief executive officer of NMB Bank Limited.
http://www.ekantipur.com/2011/02/21/business/banks-provisioning-at-rs-2.29-billion/329910.html
Posted on: 2011-02-21 09:04
गोरखा डेभलपमेन्ट ब्याङ्कमा १३ करोड रुपियाँ घोटाला
काठमाडौं, फागुन ८ (नागरिक)- गोरखा डेभलपमेन्ट ब्याङ्कको नयाँ सञ्चालक समितिले घोटाला भएको भनिएको झण्डै १३ करोड रुपियाँ घोटालामा संलग्न कार्यकारी तहदेखि कर्मचारीसमेतबाट असुल गर्ने बताएको छ। बचतकर्ता र सेयरधनीलाई निर्धक्क हुन पनि ब्याङ्कले आग्रह गरेको छ।
रिपोर्टर्स क्लब नेपालमा आइतबार पत्रकार सम्मेलन गरेर नयाँ सञ्चालक समितिले घोटाला प्रकरणमा छानविन गर्न गठित समितिको प्रतिवेदनका आधारमा घटनामा संलग्नहरुको जायजेथाबाट असुल गरिने दाबी गर्यो। दोषीलाई उन्मुक्ति नदिने प्रतिबद्धता पनि त्यहाँ व्यक्त गरिएको थियो।
पत्रकार सम्मेलनमा ब्याङ्क सञ्चालक समितिका अध्यक्ष निर्मल गुरुङले घोटाला रकम उठाउन ब्याङ्कले सार्वजनिक सूचना प्रकाशित गरिसकेको जानकारी दिँदै दोषीहरुकै जायजेथाबाट असुल उपर गरिने भएकाले ब्याङ्कलाई कुनै नोक्सान नहुने स्पष्ट पारे।
उनले ऋणीलाई समेत कुनै प्रकारको अन्याय हुन नदिने भन्दै वित्तीय अपराधमा संलग्नलाई कुनै पनि हालमा उन्मुक्ति नदिने बताए। अध्यक्ष गुरुङले ब्याङ्कको वित्तीय अवस्था राम्रो भएको भन्दै सेयर धनी र बचतकर्तालाई निश्चिन्त रहनसमेत आग्रह गरे। ब्याङ्कको अवस्था एकदमै राम्रो छ, आत्तिनुपर्ने कुनै कारण छैन- उनको भनाइ थियो।
रिपोर्टर्स क्लब नेपालमा आइतबार पत्रकार सम्मेलन गरेर नयाँ सञ्चालक समितिले घोटाला प्रकरणमा छानविन गर्न गठित समितिको प्रतिवेदनका आधारमा घटनामा संलग्नहरुको जायजेथाबाट असुल गरिने दाबी गर्यो। दोषीलाई उन्मुक्ति नदिने प्रतिबद्धता पनि त्यहाँ व्यक्त गरिएको थियो।
पत्रकार सम्मेलनमा ब्याङ्क सञ्चालक समितिका अध्यक्ष निर्मल गुरुङले घोटाला रकम उठाउन ब्याङ्कले सार्वजनिक सूचना प्रकाशित गरिसकेको जानकारी दिँदै दोषीहरुकै जायजेथाबाट असुल उपर गरिने भएकाले ब्याङ्कलाई कुनै नोक्सान नहुने स्पष्ट पारे।
उनले ऋणीलाई समेत कुनै प्रकारको अन्याय हुन नदिने भन्दै वित्तीय अपराधमा संलग्नलाई कुनै पनि हालमा उन्मुक्ति नदिने बताए। अध्यक्ष गुरुङले ब्याङ्कको वित्तीय अवस्था राम्रो भएको भन्दै सेयर धनी र बचतकर्तालाई निश्चिन्त रहनसमेत आग्रह गरे। ब्याङ्कको अवस्था एकदमै राम्रो छ, आत्तिनुपर्ने कुनै कारण छैन- उनको भनाइ थियो।
Crime Investigations Bureau (CIB) forms separate unit to look into financial crimes
KATHMANDU, Feb 20: Crime Investigations Bureau (CIB) of Nepal Police has formed a separate unit for the regular investigation of financial organizational crimes (FOC) in Nepal.
Speaking at an interaction organized by the CBI here on Sunday, Deputy Inspector General (DIG) Rajan Singh Bhandari said the newly formed unit was entering into an alliance with Central Bureau of Investigation (CBI) of India within a month to make its operations more effective.
Bhandari said the CIB has formed two separate units for FOC and heinous crimes.
“The FOC unit will investigate and try to eliminate crimes related with finance and commerce,” Bhandari said. He also said CIB so far was focused only on organized crimes.
“We have decided to form a separate unit to look into FOC as we found that every organized crime in society has monetary reasons,” he said, adding: “We are in the initial phase and are yet to set our working areas.”
He also said the bureau was expecting positive support of media to undertake and accomplish its tasks.
“We are looking forward to working together with media persons,” he added.
CIB officials said the bureau has already started groundwork to working closely with the Department of Revenue Investigation.
Participants of the interaction welcomed the initiatives taken by CIB and suggested the bureau to maintain honesty to curb financial crimes.
They suggested the bureau to make FOC unit free from interferences and work closely with Ministry of Finance.
Published on 2011-02-20 20:15:10
http://www.myrepublica.com/portal/index.php?action=news_details&news_id=28456
Speaking at an interaction organized by the CBI here on Sunday, Deputy Inspector General (DIG) Rajan Singh Bhandari said the newly formed unit was entering into an alliance with Central Bureau of Investigation (CBI) of India within a month to make its operations more effective.
Bhandari said the CIB has formed two separate units for FOC and heinous crimes.
“The FOC unit will investigate and try to eliminate crimes related with finance and commerce,” Bhandari said. He also said CIB so far was focused only on organized crimes.
“We have decided to form a separate unit to look into FOC as we found that every organized crime in society has monetary reasons,” he said, adding: “We are in the initial phase and are yet to set our working areas.”
He also said the bureau was expecting positive support of media to undertake and accomplish its tasks.
“We are looking forward to working together with media persons,” he added.
CIB officials said the bureau has already started groundwork to working closely with the Department of Revenue Investigation.
Participants of the interaction welcomed the initiatives taken by CIB and suggested the bureau to maintain honesty to curb financial crimes.
They suggested the bureau to make FOC unit free from interferences and work closely with Ministry of Finance.
Published on 2011-02-20 20:15:10
http://www.myrepublica.com/portal/index.php?action=news_details&news_id=28456
Two-thirds of cooperatives defy govt directive
KATHMANDU, Feb 21: Taking advantage of weak regulatory mechanism and nominal penalty, more than two-thirds of the saving and credit cooperatives (SCCs) operating in the Kathmandu Valley, including some big players, defied government directive by not submitting their monthly financial statements within the given timeframe.
According to Division Cooperative Office (DCO) Kathmandu, only around 1,000 of more than 2,500 SCCs in the Valley submitted monthly statement (mid-January to mid February) by Sunday - the last day for submission.
"Majority of the SCCs, including big cooperatives, defied our instructions for the second time by challenging the government´s effort to regulate them," Keshab Bahadur Thapa, chief of Kathmandu DCO, told Republica.
A probe last year had found host of irregularities and malpractices in big SCCs operating in the Kathmandu Valley and Pokhara, prompting the government to take different measures to regulate their operations.
Challenging the mandatory provision of submitting financial statement, only one-third of the SCCs in the capital had submitted their financial statements for mid-December to mid-January.
The Department of Cooperatives (DoC) -- the regulatory body -- had directed all the SCCs in the capital to submit their financial statement of a month within the first week of the succeeding month to DCO Kathmandu. It had also instructed all SCCs recording transactions of more than Rs 50 million to submit their reports to DoC and Nepal Rastra Bank -- the central monetary authority.
About 100 SCCs operating in the capital have transactions of more than Rs 50 million.
Amid growing financial threat posed by the burgeoning number of SCCs violating the Cooperatives Act, the government had come up with the mandatory provision in a bid to bring them back on track.
The DoC had directed all the SCCs in the capital to submit their monthly financial reports after the high-level Financial Sector Coordination Committee led by the then Finance Minister Surendra Pandey endorsed the new provision.
As per the existing provisions, cooperatives must submit an audited financial report by mid-September -- two months after the end of the fiscal year and the report endorsed by the annual general meetings within five months of completion of the fiscal year.
Issuing the new directives, the DoC had also directed SCCs to submit particulars, including status of their share capital, reserves, deposits, assets, cash balance, non-performing loans, loan loss provisions, total investment, profit and loss, loan recovery, interest on loans and deposits, number of members and number of employees, among others.
As per the Cooperatives Act, DoC can impose a fine of only Rs 1,500 for the SCCs failing to submit financial reports on time.
Sudarshan Dhakal, registrar at DoC, told Republica that the department would slap a fine as prescribed in the act and make public the name of those defying the instruction.
http://www.myrepublica.com/portal/index.php?action=news_details&news_id=28458
Published on 2011-02-21 00:33:49
According to Division Cooperative Office (DCO) Kathmandu, only around 1,000 of more than 2,500 SCCs in the Valley submitted monthly statement (mid-January to mid February) by Sunday - the last day for submission.
"Majority of the SCCs, including big cooperatives, defied our instructions for the second time by challenging the government´s effort to regulate them," Keshab Bahadur Thapa, chief of Kathmandu DCO, told Republica.
A probe last year had found host of irregularities and malpractices in big SCCs operating in the Kathmandu Valley and Pokhara, prompting the government to take different measures to regulate their operations.
Challenging the mandatory provision of submitting financial statement, only one-third of the SCCs in the capital had submitted their financial statements for mid-December to mid-January.
The Department of Cooperatives (DoC) -- the regulatory body -- had directed all the SCCs in the capital to submit their financial statement of a month within the first week of the succeeding month to DCO Kathmandu. It had also instructed all SCCs recording transactions of more than Rs 50 million to submit their reports to DoC and Nepal Rastra Bank -- the central monetary authority.
About 100 SCCs operating in the capital have transactions of more than Rs 50 million.
Amid growing financial threat posed by the burgeoning number of SCCs violating the Cooperatives Act, the government had come up with the mandatory provision in a bid to bring them back on track.
The DoC had directed all the SCCs in the capital to submit their monthly financial reports after the high-level Financial Sector Coordination Committee led by the then Finance Minister Surendra Pandey endorsed the new provision.
As per the existing provisions, cooperatives must submit an audited financial report by mid-September -- two months after the end of the fiscal year and the report endorsed by the annual general meetings within five months of completion of the fiscal year.
Issuing the new directives, the DoC had also directed SCCs to submit particulars, including status of their share capital, reserves, deposits, assets, cash balance, non-performing loans, loan loss provisions, total investment, profit and loss, loan recovery, interest on loans and deposits, number of members and number of employees, among others.
As per the Cooperatives Act, DoC can impose a fine of only Rs 1,500 for the SCCs failing to submit financial reports on time.
Sudarshan Dhakal, registrar at DoC, told Republica that the department would slap a fine as prescribed in the act and make public the name of those defying the instruction.
http://www.myrepublica.com/portal/index.php?action=news_details&news_id=28458
Published on 2011-02-21 00:33:49
Samstag, 19. Februar 2011
50 co-operatives face action
REPUBLICA
NEPALGUNJ, Feb 17: Co-operative Training and Division Office (CTDO) has taken action against 50 co-operatives for not submitting their audited financial reports.
The financial institutions have been subjected to action since they have failed to submit audited reports of their financial statements within the stipulated deadline.
The office has said that the co-operatives have failed to conduct their Annual General Meeting (AGM). According to Bharat Kumar Sharma, chief of CTDO told Republica that action against the co-operatives was taken to regulate, monitor and promote them.
According to the Co-operatives Act, the co-operatives need to conduct annual general meetings and have their financial reports audited regularly. There are a total of 237 co-operatives in the country. Among them, only 103 have conducted annual general meetings regularly and had their financial reports audited.
The division office also said that it is about to take action against 84 other cooperatives.
Published on 2011-02-17 23:30:0
http://www.myrepublica.com/portal/index.php?action=news_details&news_id=28364
NEPALGUNJ, Feb 17: Co-operative Training and Division Office (CTDO) has taken action against 50 co-operatives for not submitting their audited financial reports.
The financial institutions have been subjected to action since they have failed to submit audited reports of their financial statements within the stipulated deadline.
The office has said that the co-operatives have failed to conduct their Annual General Meeting (AGM). According to Bharat Kumar Sharma, chief of CTDO told Republica that action against the co-operatives was taken to regulate, monitor and promote them.
According to the Co-operatives Act, the co-operatives need to conduct annual general meetings and have their financial reports audited regularly. There are a total of 237 co-operatives in the country. Among them, only 103 have conducted annual general meetings regularly and had their financial reports audited.
The division office also said that it is about to take action against 84 other cooperatives.
Published on 2011-02-17 23:30:0
http://www.myrepublica.com/portal/index.php?action=news_details&news_id=28364
Name any troubled bank and NA has deposits there
MILAN MANI SHARMA
KATHMANDU, Feb 18: Every time the central bank declares any financial institution is in bad shape, Nepal Army´s Welfare Fund is the name that consistently appears among depositors facing risk of losing money.
This happened when Nepal Rastra Bank decided last year to liquidate Nepal Development Bank (NDB). It has happened again in the case of Samjhana Finance Company that the central bank decided to liquidate last week.
"NA could again lose Rs 17 million in Samjhana Finance," said an NRB source.
NA Welfare Fund had deposits of Rs 180 million in NDB when it was subjected to liquidation. Even though the Fund recovered Rs 10 million, the fate of the remaining Rs 170 million remains unclear.
That is not all. United Development Bank, which was also declared as troubled bank on the same day NRB decided to liquidate Samjhana Finance, too has deposits of Rs 70 million of the NA Welfare Fund.
NA has deposits of 140 million in Nepal Sri Lanka Merchant Bank, which is currently not in a position to repay its depositors. Even though the merger of bank with Nepal Bangladesh Bank has raised hopes of recovery, NA has not recovered Rs 80 million deposited in Amarawati Cooperatives.
"Name any troubled or sick institution and one will find NA deposits there. This had happened in the past and is still happening despite repeated assurances by the NA that it has taken all possible steps to safeguard the fund´s money," said an official at the central bank.
There are other institutional depositors as well, but why does this happen all the time only to the NA? Clearly, it could happen if the Welfare Fund managers are not competent enough to identify which financial institution is safe. Ramindra Chhetri, NA spokesperson, however rejects incompetence of fund managers.
"The deposits were kept in those financial institutions when the development banks and finance companies were in good health. But the condition of some of the institutions deteriorated sharply later. We could not do anything in such a situation," said Chhetri said.
Such situation can happen also if officials managing Welfare Fund show laxity in selecting financial institutions. "In NA´s case, the present condition has largely to do with unfair practices and corruption by the fund managers," said an official at Ministry of Finance.
Bankers told Republica that, some of the banks and financial institutions in a bid to lure institutional depositors into depositing money offer ´incentives´ to the fund managers. While such ´incentives´ paid to the deposit providers remain unaccounted for, the bank and financial institutions pay only regular interest on the deposits.
Purna Chandra Thapa, director of NA Welfare Fund admitted that some Rs 490 million worth of deposits maintained by NA at different financial institutions are at risk. He, however, ruled out any foul deals and practices behind the situation.
"NA has always taken sincere steps for recovery of its deposits from all troubled and liquidated banks. We never keep our money in troubled financial institutions," he stated.
NRB officials, however, said NA had renewed its deposits in NDB even when the bank was known to be in poor financial health.
Thapa said that NA presently has deposited its Welfare Fund´s money in commercial banks and is enjoying annual interest return of 12 percent. "Together, we earn annual interest worth Rs 930 million from those fixed savings," he stated.
NA has a total of Rs 16.50 billion in its Welfare Fund. It also has additional Rs 3.80 billion to be received from the UN. The fund established more than three decades ago was developed from 22 percent worth of salary contribution made by Nepali soldiers serving in UN peacekeeping missions. Army personnel deployed in other missions abroad too contribute 5 percent of their allowances to the fund.
The fund has some 700,000 beneficiaries and the money is spent for the welfare of the army personnel and their dependents.
Published on 2011-02-18 02:00:50
http://www.myrepublica.com/portal/index.php?action=news_details&news_id=28370
KATHMANDU, Feb 18: Every time the central bank declares any financial institution is in bad shape, Nepal Army´s Welfare Fund is the name that consistently appears among depositors facing risk of losing money.
This happened when Nepal Rastra Bank decided last year to liquidate Nepal Development Bank (NDB). It has happened again in the case of Samjhana Finance Company that the central bank decided to liquidate last week.
"NA could again lose Rs 17 million in Samjhana Finance," said an NRB source.
NA Welfare Fund had deposits of Rs 180 million in NDB when it was subjected to liquidation. Even though the Fund recovered Rs 10 million, the fate of the remaining Rs 170 million remains unclear.
That is not all. United Development Bank, which was also declared as troubled bank on the same day NRB decided to liquidate Samjhana Finance, too has deposits of Rs 70 million of the NA Welfare Fund.
NA has deposits of 140 million in Nepal Sri Lanka Merchant Bank, which is currently not in a position to repay its depositors. Even though the merger of bank with Nepal Bangladesh Bank has raised hopes of recovery, NA has not recovered Rs 80 million deposited in Amarawati Cooperatives.
"Name any troubled or sick institution and one will find NA deposits there. This had happened in the past and is still happening despite repeated assurances by the NA that it has taken all possible steps to safeguard the fund´s money," said an official at the central bank.
There are other institutional depositors as well, but why does this happen all the time only to the NA? Clearly, it could happen if the Welfare Fund managers are not competent enough to identify which financial institution is safe. Ramindra Chhetri, NA spokesperson, however rejects incompetence of fund managers.
"The deposits were kept in those financial institutions when the development banks and finance companies were in good health. But the condition of some of the institutions deteriorated sharply later. We could not do anything in such a situation," said Chhetri said.
Such situation can happen also if officials managing Welfare Fund show laxity in selecting financial institutions. "In NA´s case, the present condition has largely to do with unfair practices and corruption by the fund managers," said an official at Ministry of Finance.
Bankers told Republica that, some of the banks and financial institutions in a bid to lure institutional depositors into depositing money offer ´incentives´ to the fund managers. While such ´incentives´ paid to the deposit providers remain unaccounted for, the bank and financial institutions pay only regular interest on the deposits.
Purna Chandra Thapa, director of NA Welfare Fund admitted that some Rs 490 million worth of deposits maintained by NA at different financial institutions are at risk. He, however, ruled out any foul deals and practices behind the situation.
"NA has always taken sincere steps for recovery of its deposits from all troubled and liquidated banks. We never keep our money in troubled financial institutions," he stated.
NRB officials, however, said NA had renewed its deposits in NDB even when the bank was known to be in poor financial health.
Thapa said that NA presently has deposited its Welfare Fund´s money in commercial banks and is enjoying annual interest return of 12 percent. "Together, we earn annual interest worth Rs 930 million from those fixed savings," he stated.
NA has a total of Rs 16.50 billion in its Welfare Fund. It also has additional Rs 3.80 billion to be received from the UN. The fund established more than three decades ago was developed from 22 percent worth of salary contribution made by Nepali soldiers serving in UN peacekeeping missions. Army personnel deployed in other missions abroad too contribute 5 percent of their allowances to the fund.
The fund has some 700,000 beneficiaries and the money is spent for the welfare of the army personnel and their dependents.
Published on 2011-02-18 02:00:50
http://www.myrepublica.com/portal/index.php?action=news_details&news_id=28370
Panel to define micro-insurance products
REPUBLICA
KATHMANDU, Feb 19: Insurance Board (IB) has formed a taskforce to define and identify ways for implementing micro-insurance products that target rural and low income groups, aiming to widen and deepen insurance services in the country.
The taskforce was formed after insurance companies refused to implement the board´s instruction of adding at least one micro-insurance products in their products portfolio.
The board about a month had issued the directives, asking both the life and general insurance companies to unveil products to tap business potentials of the groups that have so far remained out of the insurance business net.
However, top brass of the insurance companies challenged the idea, arguing that it will raise their cost of operation and also make control of fraud claims difficult, among others.
They had also opined that micro-insurance was a vague term and needs to be defined in Nepal´s context, identifying the extent of premium amount for a product to be termed a micro-insurance product.
“Instead of dictating the implementation procedures, we have allowed the insurers themselves to define micro-insurance and identify the products they could safely execute to start with,” said Shekhar Kumar Aryal, spokesperson of IB.
He told Republica that the task force, formed under the leadership of Deep Prakash Pandey, president of Nepal Insurers´ Association (NIA), will suggest upper limit of premium for the companies to define that products charging premium less than that will be micro-insurance.
The taskforce will also identify sectors and target groups wherein the companies can launch micro-insurance products. The taskforce has also been asked to suggest the delivery channel and claim settlement procedures so that due insurance obligations could be fulfilled effectively.
Sources at the IB said the board decided to ask the insurers to suggest workable mechanism mainly because the insurance companies, which are largely concentrating toward catering the needs of the corporate and urban well-off clients, did not like the idea of taking steps to serve the under-served groups.
“Besides, detail study on the matter will also help them identify area to focus on and design micro-insurance products accordingly,” said the source.
Micro-insurance products are schemes of smaller sizes, in which premium are set at lower rate so that even the rural and low income group that cannot afford regular insurance products could buy the social security cover.
Life insurance coverage of Rs 50,000 or less with shorter maturity period and smaller health and accident insurance plans are popular micro-insurance schemes of other South Asian countries.
Agricultural, livestock, retail shops and smaller businesses insurance are popular schemes that have drawn rural populace towards insurance business in the region.
Source: http://www.myrepublica.com/portal/index.php?action=news_details&news_id=28400
Published on 2011-02-19 02:00:27
KATHMANDU, Feb 19: Insurance Board (IB) has formed a taskforce to define and identify ways for implementing micro-insurance products that target rural and low income groups, aiming to widen and deepen insurance services in the country.
The taskforce was formed after insurance companies refused to implement the board´s instruction of adding at least one micro-insurance products in their products portfolio.
The board about a month had issued the directives, asking both the life and general insurance companies to unveil products to tap business potentials of the groups that have so far remained out of the insurance business net.
However, top brass of the insurance companies challenged the idea, arguing that it will raise their cost of operation and also make control of fraud claims difficult, among others.
They had also opined that micro-insurance was a vague term and needs to be defined in Nepal´s context, identifying the extent of premium amount for a product to be termed a micro-insurance product.
“Instead of dictating the implementation procedures, we have allowed the insurers themselves to define micro-insurance and identify the products they could safely execute to start with,” said Shekhar Kumar Aryal, spokesperson of IB.
He told Republica that the task force, formed under the leadership of Deep Prakash Pandey, president of Nepal Insurers´ Association (NIA), will suggest upper limit of premium for the companies to define that products charging premium less than that will be micro-insurance.
The taskforce will also identify sectors and target groups wherein the companies can launch micro-insurance products. The taskforce has also been asked to suggest the delivery channel and claim settlement procedures so that due insurance obligations could be fulfilled effectively.
Sources at the IB said the board decided to ask the insurers to suggest workable mechanism mainly because the insurance companies, which are largely concentrating toward catering the needs of the corporate and urban well-off clients, did not like the idea of taking steps to serve the under-served groups.
“Besides, detail study on the matter will also help them identify area to focus on and design micro-insurance products accordingly,” said the source.
Micro-insurance products are schemes of smaller sizes, in which premium are set at lower rate so that even the rural and low income group that cannot afford regular insurance products could buy the social security cover.
Life insurance coverage of Rs 50,000 or less with shorter maturity period and smaller health and accident insurance plans are popular micro-insurance schemes of other South Asian countries.
Agricultural, livestock, retail shops and smaller businesses insurance are popular schemes that have drawn rural populace towards insurance business in the region.
Source: http://www.myrepublica.com/portal/index.php?action=news_details&news_id=28400
Published on 2011-02-19 02:00:27
Incentives on cards for BFIs opting for merger
KATHMANDU, FEB 18 -
Relaxation in single obligor limit, ownership pattern of the merged bank, deprived sector lending and branch expansion are some facilities the Nepal Rastra Bank (NRB) is planning to offer Banks and Financial Institutions (BFIs) going for merger.
The central bank has prepared an initial draft of the merger bylaw including the incentives to be given to BFIs going for merger. The central bank will hold discussions with stakeholders before giving a final touch to the bylaw.
An increasing number of BFIs are preparing for merger and they are waiting for NRB’s incentives. “We are waiting for NRB’s incentives,” said Prithvi Bahadur Pande, chairman and chief executive director of Nepal Investment Bank Limited (NIBL). He says the central bank has to provide good incentives to encourage mergers.
Promoters of three medium level banks are also currently exploring merger possibilities. NB group-promoted Nepal Bangladesh Bank and Nepal Credit and Commerce Bank are carrying out homework for their unification. State-owned Rasriya Banijya Bank and Nepal Industrial Development Corporation are also starting the merger process.
Singe obligor limit means the maximum lending a bank or financial institution can make to a single sector. The monetary policy for the current fiscal has provisioned that BFIs can lend only 25 percent of the core capital in a single sector, including both fund based (cash) and non-fund based (bank guarantee etc). A senior NRB official said the NRB could ignore the noncompliance of this provision by a merged institution for a certain period as an incentive.
As per the existing law, a single group cannot hold over 15 percent stake in a merged institution. However, the central bank may also relax this provision for a certain period. “The central bank will allow a singe group to hold over 15 percent stake for a certain period,” said the official.
Branch expansion is another area where the NRB is planning to give facilities. Currently, BFIs cannot open branch in the Capital until they open two branches outside, one of which should be opened in a remote district fixed by the government, according to the monetary policy for the current fiscal year. “Merged BFIs will not have to abide by this rule for the expansion of certain number of branches,” said the official.
The deprived sector lending is another area where the central bank is planning to give incentives. Currently, commercial banks will have to lend 3 percent of their total lending to the deprived sector.
Development banks should lend 2.5 percent and finance companies 2 percent, as per the monetary policy. “We have proposed relaxation for a certain period in this provision,” said the official.
The NRB, however, is not conformable in providing relaxation in risk related issues such as capital adequacy ratio and provisioning. The central bank is proposing these incentives after this year’s budget removed the existing provision of taxing assets and liabilities as disposal.
The main demand of the bankers is the government should provide certain percent of corporate tax exemption. “The government hesitated to provide tax exemption this year despite our repeated request,” said Ashok Rana, president of Nepal Bankers’ Association. “A good incentive is necessary for making banks to think seriously about merger.”
Posted on: 2011-02-18 09:05
Source: http://www.ekantipur.com/2011/02/18/business/incentives-on-cards-for-bfis-opting-for-merger/329775.html
Relaxation in single obligor limit, ownership pattern of the merged bank, deprived sector lending and branch expansion are some facilities the Nepal Rastra Bank (NRB) is planning to offer Banks and Financial Institutions (BFIs) going for merger.
The central bank has prepared an initial draft of the merger bylaw including the incentives to be given to BFIs going for merger. The central bank will hold discussions with stakeholders before giving a final touch to the bylaw.
An increasing number of BFIs are preparing for merger and they are waiting for NRB’s incentives. “We are waiting for NRB’s incentives,” said Prithvi Bahadur Pande, chairman and chief executive director of Nepal Investment Bank Limited (NIBL). He says the central bank has to provide good incentives to encourage mergers.
Promoters of three medium level banks are also currently exploring merger possibilities. NB group-promoted Nepal Bangladesh Bank and Nepal Credit and Commerce Bank are carrying out homework for their unification. State-owned Rasriya Banijya Bank and Nepal Industrial Development Corporation are also starting the merger process.
Singe obligor limit means the maximum lending a bank or financial institution can make to a single sector. The monetary policy for the current fiscal has provisioned that BFIs can lend only 25 percent of the core capital in a single sector, including both fund based (cash) and non-fund based (bank guarantee etc). A senior NRB official said the NRB could ignore the noncompliance of this provision by a merged institution for a certain period as an incentive.
As per the existing law, a single group cannot hold over 15 percent stake in a merged institution. However, the central bank may also relax this provision for a certain period. “The central bank will allow a singe group to hold over 15 percent stake for a certain period,” said the official.
Branch expansion is another area where the NRB is planning to give facilities. Currently, BFIs cannot open branch in the Capital until they open two branches outside, one of which should be opened in a remote district fixed by the government, according to the monetary policy for the current fiscal year. “Merged BFIs will not have to abide by this rule for the expansion of certain number of branches,” said the official.
The deprived sector lending is another area where the central bank is planning to give incentives. Currently, commercial banks will have to lend 3 percent of their total lending to the deprived sector.
Development banks should lend 2.5 percent and finance companies 2 percent, as per the monetary policy. “We have proposed relaxation for a certain period in this provision,” said the official.
The NRB, however, is not conformable in providing relaxation in risk related issues such as capital adequacy ratio and provisioning. The central bank is proposing these incentives after this year’s budget removed the existing provision of taxing assets and liabilities as disposal.
The main demand of the bankers is the government should provide certain percent of corporate tax exemption. “The government hesitated to provide tax exemption this year despite our repeated request,” said Ashok Rana, president of Nepal Bankers’ Association. “A good incentive is necessary for making banks to think seriously about merger.”
Posted on: 2011-02-18 09:05
Source: http://www.ekantipur.com/2011/02/18/business/incentives-on-cards-for-bfis-opting-for-merger/329775.html
Govt, Chinese bank to sign loan pact on Feb. 28
KATHMANDU, FEB 18 -
After a six-year long process, Nepal and China Exim Bank are finally signing a loan agreement for 60MW Upper Trishuli 3A Hydropower Project.
The two sides are scheduled to sign Rs 100 million loan agreement on Feb. 28. An Exim bank team is arriving Nepal on Feb. 26 for the purpose.
The Chinese bank has pledged US$ 200 million for Upper Trishuli and Pokhara Regional International Airport. “But this time, only Rs 100 million agreement will be signed for the production and supervision of the project,” said a Finance Ministry official. “Agreement for rest of the amount will be signed on project basis.”
The two sides will also sign another agreement for transmission line of the Upper Trishuli. Interest rate on the loan is 1.75 percent and repayment period is 20 years with a grace period.
As work on the project has already started with the appointment of contractors, the signing of the agreement will eliminate doubts that that the project might not get enough resources.
Exim is a key lender in East Asian countries and other parts of the world and this is the first time that it is lending in Nepal.
“The advantage of this loan is the bank has not put forth any conditions before us,” said a ministry official.
The Cabinet will have to approve the deal prior to its signing. “The deal will be signed after the next Cabinet meeting approves it,” said a senior ministry official.
Nepal has also requested the bank to provide $1 billon for various projects including Nalsyagugad Hydropower Project. “They are yet to agree in this regard,” said the official.
The government had sought $600 million for the construction of Nalsyagugad Hydropower Project located in the mid-western region. The 400 MW storage-type project requires a 30-km access road to link the powerhouse and district headquarters.
Recently, Sunkoshi hydro project (10MW) has been completed with Chinese grant assistance. Chinese private sector is also eyeing investment in Nepal’s hydropower sector. During the 11th meeting of Nepal-China Non-Government Cooperation Forum held here in September 2010, they had expressed their interest in investing in Nepal’s hydropower sector.
Several Chinese contractors are working in hydropower projects in Nepal. Upper Tamakoshi (456MW), Chamelia (30MW), Kulekhani III (14MW), Trishuli 3A, Lower Indrawati (4.5MW) and Madi (20MW) are some projects in which Chinese contractors are involved.
Similarly, Chinese companies Sinohydro and Hydrochina Corporation are developing Upper Marshyangdi (50MW) and Trishuli 2 (102MW), respectively. According to the ministry, Chinese firms supply equipment to many projects.
Source: http://www.ekantipur.com/2011/02/18/business/govt-chinese-bank-to-sign-loan-pact-on-feb.-28/329776.html, Posted on: 2011-02-18 09:06
After a six-year long process, Nepal and China Exim Bank are finally signing a loan agreement for 60MW Upper Trishuli 3A Hydropower Project.
The two sides are scheduled to sign Rs 100 million loan agreement on Feb. 28. An Exim bank team is arriving Nepal on Feb. 26 for the purpose.
The Chinese bank has pledged US$ 200 million for Upper Trishuli and Pokhara Regional International Airport. “But this time, only Rs 100 million agreement will be signed for the production and supervision of the project,” said a Finance Ministry official. “Agreement for rest of the amount will be signed on project basis.”
The two sides will also sign another agreement for transmission line of the Upper Trishuli. Interest rate on the loan is 1.75 percent and repayment period is 20 years with a grace period.
As work on the project has already started with the appointment of contractors, the signing of the agreement will eliminate doubts that that the project might not get enough resources.
Exim is a key lender in East Asian countries and other parts of the world and this is the first time that it is lending in Nepal.
“The advantage of this loan is the bank has not put forth any conditions before us,” said a ministry official.
The Cabinet will have to approve the deal prior to its signing. “The deal will be signed after the next Cabinet meeting approves it,” said a senior ministry official.
Nepal has also requested the bank to provide $1 billon for various projects including Nalsyagugad Hydropower Project. “They are yet to agree in this regard,” said the official.
The government had sought $600 million for the construction of Nalsyagugad Hydropower Project located in the mid-western region. The 400 MW storage-type project requires a 30-km access road to link the powerhouse and district headquarters.
Recently, Sunkoshi hydro project (10MW) has been completed with Chinese grant assistance. Chinese private sector is also eyeing investment in Nepal’s hydropower sector. During the 11th meeting of Nepal-China Non-Government Cooperation Forum held here in September 2010, they had expressed their interest in investing in Nepal’s hydropower sector.
Several Chinese contractors are working in hydropower projects in Nepal. Upper Tamakoshi (456MW), Chamelia (30MW), Kulekhani III (14MW), Trishuli 3A, Lower Indrawati (4.5MW) and Madi (20MW) are some projects in which Chinese contractors are involved.
Similarly, Chinese companies Sinohydro and Hydrochina Corporation are developing Upper Marshyangdi (50MW) and Trishuli 2 (102MW), respectively. According to the ministry, Chinese firms supply equipment to many projects.
Source: http://www.ekantipur.com/2011/02/18/business/govt-chinese-bank-to-sign-loan-pact-on-feb.-28/329776.html, Posted on: 2011-02-18 09:06
Bank profits down 1.87pc in Q2
KATHMANDU, FEB 18 -
The net profit of commercial banks at the end of the second quarter was down 1.87 percent compared to the same period in 2009-10.
According to the unaudited financial reports published by 30 commercial banks, they made a combined net profit of Rs 7.33 billion in Q2, down from Rs 7.47 billion in 2009-10. Earnings in Q1 totalled Rs 3.46 billion.
“Over the period, both the deposit base and lending portfolio could not rise significantly. Further, other sources of income had also shrunk,” said Sashin Joshi, chief executive officer of NIC Bank.
The deposit base of the banks is suffering from a liquidity crunch which is yet to get resolved. The liquidity crunch further increased the cost of funds with the rise of branch expansion and shrinking of the spread rate.
“With the rise in the expansion of bank branches, the cost of fuel and staff overhead have significantly climbed up,” said Joshi.
Following the liquidity crunch, the banks had to increase the interest rate on normal savings accounts, while the rate of lending could not rise accordingly. Joshi said that the shrunk spread rate will impact performance in the coming quarters. According to bankers, profit growth of established banks has shrunk compared to newer banks. As per the unaudited financial reports, Rastriya Banijya Bank (RBB) has realized the highest profit of Rs 864.93 million, up from Rs 343.55 million in the previous quarter. Over the period the interest income of Rastriya Banijya Bank stood at Rs 2.21 billion from Rs 999.62 million previously.
Among the top five banks in terms of highest net profit are RBB, Nabil Bank, Agricultural Development Bank Nepal (ADBN), Nepal Investment Bank, and Standard Chartered Bank. The RBB posted a net profit of Rs 864.98 million, whereas Nabil and ADBN recorded net profits of Rs 664.62 million and Rs 654.98 million, respectively.
The RBB and NIBL have maintained their position as top two banks in terms of deposit mobilisation. In the second quarter, deposits of RBB and NIBL stood at Rs 62.64 billion and Rs 48.38 billion, respectively. However, their deposits in the second quarter have declined compared to the first quarter. But in terms of lending, NIBL is still ahead of other banks with a lending exposure of Rs 43.09 billion. Meanwhile, 10 banks saw a growth in non-performing loans. The average NPL of the 30 commercial banks stands at 2.86 percent, up from 2.80 percent in the previous quarter. Bankers attribute the rise in NPL to the ceiling on lending to the realty sector.
Top five banks in terms of net profit
Rastriya Banijya Bank Rs 864.93 million
Nabil Bank Rs 664.62 million
Agriculture Development Bank Rs 654.98 million
Nepal Investment Bank Rs 651.66 million
Standard Chartered Bank Rs 527.89 million
Top five banks in terms of deposits
Rastriya Banijya Bank Rs 62.64 billion
Nepal Investment Bank 48.38 billion
Nabil Bank Rs 46.33 billion
Standard Chartered Bank Rs 34.09 billion
Nepal SBI Bank Rs 39.80 billion
Source: http://www.ekantipur.com/2011/02/18/business/bank-profits-down-1.87pc-in-q2/329777.html, Posted on: 2011-02-18 09:07
The net profit of commercial banks at the end of the second quarter was down 1.87 percent compared to the same period in 2009-10.
According to the unaudited financial reports published by 30 commercial banks, they made a combined net profit of Rs 7.33 billion in Q2, down from Rs 7.47 billion in 2009-10. Earnings in Q1 totalled Rs 3.46 billion.
“Over the period, both the deposit base and lending portfolio could not rise significantly. Further, other sources of income had also shrunk,” said Sashin Joshi, chief executive officer of NIC Bank.
The deposit base of the banks is suffering from a liquidity crunch which is yet to get resolved. The liquidity crunch further increased the cost of funds with the rise of branch expansion and shrinking of the spread rate.
“With the rise in the expansion of bank branches, the cost of fuel and staff overhead have significantly climbed up,” said Joshi.
Following the liquidity crunch, the banks had to increase the interest rate on normal savings accounts, while the rate of lending could not rise accordingly. Joshi said that the shrunk spread rate will impact performance in the coming quarters. According to bankers, profit growth of established banks has shrunk compared to newer banks. As per the unaudited financial reports, Rastriya Banijya Bank (RBB) has realized the highest profit of Rs 864.93 million, up from Rs 343.55 million in the previous quarter. Over the period the interest income of Rastriya Banijya Bank stood at Rs 2.21 billion from Rs 999.62 million previously.
Among the top five banks in terms of highest net profit are RBB, Nabil Bank, Agricultural Development Bank Nepal (ADBN), Nepal Investment Bank, and Standard Chartered Bank. The RBB posted a net profit of Rs 864.98 million, whereas Nabil and ADBN recorded net profits of Rs 664.62 million and Rs 654.98 million, respectively.
The RBB and NIBL have maintained their position as top two banks in terms of deposit mobilisation. In the second quarter, deposits of RBB and NIBL stood at Rs 62.64 billion and Rs 48.38 billion, respectively. However, their deposits in the second quarter have declined compared to the first quarter. But in terms of lending, NIBL is still ahead of other banks with a lending exposure of Rs 43.09 billion. Meanwhile, 10 banks saw a growth in non-performing loans. The average NPL of the 30 commercial banks stands at 2.86 percent, up from 2.80 percent in the previous quarter. Bankers attribute the rise in NPL to the ceiling on lending to the realty sector.
Top five banks in terms of net profit
Rastriya Banijya Bank Rs 864.93 million
Nabil Bank Rs 664.62 million
Agriculture Development Bank Rs 654.98 million
Nepal Investment Bank Rs 651.66 million
Standard Chartered Bank Rs 527.89 million
Top five banks in terms of deposits
Rastriya Banijya Bank Rs 62.64 billion
Nepal Investment Bank 48.38 billion
Nabil Bank Rs 46.33 billion
Standard Chartered Bank Rs 34.09 billion
Nepal SBI Bank Rs 39.80 billion
Source: http://www.ekantipur.com/2011/02/18/business/bank-profits-down-1.87pc-in-q2/329777.html, Posted on: 2011-02-18 09:07
Donnerstag, 17. Februar 2011
Interview with Anil Shah:chief executive officer of new Bank (Mega Bank)
KATHMANDU, FEB 17 -
Anil Shah is chief executive officer of Mega Bank. As a CEO of new bank, he has a big task ahead of him to establish Mega as a banking giant. He talked to The Kathmandu Post about the progress Mega has achieved over the last six months since it opened and the challenges it is facing. Excerpts:
How have banking operations been for Mega during the last six months?
Despite a fragile political and economic situation over the last six moths, our bank’s performance was better than what we had targeted. We can see better days ahead as the country is likely to see political stability with the formation of a new government. Our operating profit before provision stood at Rs 36.1 million in the second quarter while the operating income amounted to Rs 116 million.
The banking sector is facing a crunch in deposit growth. How has it been for Mega?
It is a common problem for all the banks. That’s why Mega has not been untouched by this trend. However, we have been able to collect a good amount of deposits within a short span of time compared to other contemporary banks. Our latest deposit figure stands at Rs 3 billion and loans at Rs 3.5 billion. We have opened more than 15,000 deposit accounts in just six months. I think it is a great achievement within a short span of time.
Being a new bank, you have enough capital amount for lending. Are you also facing a liquidity crunch like other banks?
It is also a common problem for the banking sector. We have made lending of the capital amount along with deposits. There is pressure on liquidity as the government has not been able to spend the development budget. That’s’ why we are lending selectively and cautiously.
After the central bank’s directive to keep the difference in interest rates on savings deposits at not more than 2 percent, many banks including Mega increased the interest on general savings. What impact has it had on deposit collection?
After the central bank’s directive, we kept the interssest rate on general accounts at 8.5 percent and on special accounts at 10.5 percent. It helped deposits to grow in our bank. But we were compelled to increase the lending rate too due to the increased cost of funds. What impact it will have on profits is yet to be evaluated as we are a new bank and we don’t have previous data to compare with.
How is your lending in the real estate sector?
Our bank opened at a time when the realty sector was facing a slowdown. That’s why our lending in the sector is almost nil. There might be a negligible amount of lending in the sector to our corporate clients who are also involved in the realty sector. Otherwise, we have kept our lending out of the realty sector.
What possible risks do you think the banking sector may face this year?
The main risk is political risk as political uncertainty has been at the core of economic problems. In terms of banking practices, a manpower crunch has been the major bottleneck to ensure healthy banking development in the country. There are so many banks and financial institutions, but there are not enough and capable human resources.
Nepal Rastra Bank is set to review the monetary policy shortly. What do you expect from the half-yearly review?
I don’t expect much change in the monetary policy as the situation of the economy and the banking sector has not changed from what it was seven months ago. I hope the policy will be to control inflation and encourage development expenditure.
What are your plans for the next five years for Mega?
Our aim is to expand access to financial services to the general public. Our slogan is “From Plough to Hydro”, and we will try to make it come true. We will be expanding our branch network to 50 within three to five years with the strong backing of innovative technologies.
Posted on: 2011-02-17 09:21
Source: http://www.ekantipur.com/2011/02/17/business/our-slogan-is-from-plough-to-hydro/329729.html
Anil Shah is chief executive officer of Mega Bank. As a CEO of new bank, he has a big task ahead of him to establish Mega as a banking giant. He talked to The Kathmandu Post about the progress Mega has achieved over the last six months since it opened and the challenges it is facing. Excerpts:
How have banking operations been for Mega during the last six months?
Despite a fragile political and economic situation over the last six moths, our bank’s performance was better than what we had targeted. We can see better days ahead as the country is likely to see political stability with the formation of a new government. Our operating profit before provision stood at Rs 36.1 million in the second quarter while the operating income amounted to Rs 116 million.
The banking sector is facing a crunch in deposit growth. How has it been for Mega?
It is a common problem for all the banks. That’s why Mega has not been untouched by this trend. However, we have been able to collect a good amount of deposits within a short span of time compared to other contemporary banks. Our latest deposit figure stands at Rs 3 billion and loans at Rs 3.5 billion. We have opened more than 15,000 deposit accounts in just six months. I think it is a great achievement within a short span of time.
Being a new bank, you have enough capital amount for lending. Are you also facing a liquidity crunch like other banks?
It is also a common problem for the banking sector. We have made lending of the capital amount along with deposits. There is pressure on liquidity as the government has not been able to spend the development budget. That’s’ why we are lending selectively and cautiously.
After the central bank’s directive to keep the difference in interest rates on savings deposits at not more than 2 percent, many banks including Mega increased the interest on general savings. What impact has it had on deposit collection?
After the central bank’s directive, we kept the interssest rate on general accounts at 8.5 percent and on special accounts at 10.5 percent. It helped deposits to grow in our bank. But we were compelled to increase the lending rate too due to the increased cost of funds. What impact it will have on profits is yet to be evaluated as we are a new bank and we don’t have previous data to compare with.
How is your lending in the real estate sector?
Our bank opened at a time when the realty sector was facing a slowdown. That’s why our lending in the sector is almost nil. There might be a negligible amount of lending in the sector to our corporate clients who are also involved in the realty sector. Otherwise, we have kept our lending out of the realty sector.
What possible risks do you think the banking sector may face this year?
The main risk is political risk as political uncertainty has been at the core of economic problems. In terms of banking practices, a manpower crunch has been the major bottleneck to ensure healthy banking development in the country. There are so many banks and financial institutions, but there are not enough and capable human resources.
Nepal Rastra Bank is set to review the monetary policy shortly. What do you expect from the half-yearly review?
I don’t expect much change in the monetary policy as the situation of the economy and the banking sector has not changed from what it was seven months ago. I hope the policy will be to control inflation and encourage development expenditure.
What are your plans for the next five years for Mega?
Our aim is to expand access to financial services to the general public. Our slogan is “From Plough to Hydro”, and we will try to make it come true. We will be expanding our branch network to 50 within three to five years with the strong backing of innovative technologies.
Posted on: 2011-02-17 09:21
Source: http://www.ekantipur.com/2011/02/17/business/our-slogan-is-from-plough-to-hydro/329729.html
Mittwoch, 16. Februar 2011
Dev banks, finance cos told insure small deposits
KATHMANDU, Feb 16: Nepal Rastra Bank (NRB) has made insurance of deposits up to Rs 200,000 mandatory for development banks and finance companies in order to safeguard savings of small depositors.
Issuing a circular to the financial institutions of category B (development bank) and C (finance companies), the central bank on Tuesday even instructed them to make all necessary arrangements to insure the small deposits at the Deposit and Credit Guarantee Corporation (DCGA).
“Under the directives, financial institutions will need to insure all deposits up to Rs 200,000 in both savings and fixed accounts,” said a source. The source told Republica that the central bank decided to enforce the insurance mandatory mainly after financial institutions continued to cold-shoulder the government´s call to voluntarily safeguard small depositors.
Currently, financial institutions, including development banks, finance companies, micro-finance development banks and co-operatives, have mobilized well over Rs 165 billion from the public. Of that, the central bank estimates the volume of small deposits (up to Rs 200,000) to be worth around Rs 20 billion.
“Basically these savings belong to low income groups. We have decided to make insurance mandatory largely to guarantee the depositors that they will get back their savings up to Rs 200,000 even if the financial institutions go bust,” said the NRB source.
The new directives, however, has left micro-finance development banks and co-operatives untouched even though the savings made in them belong to low-income groups.
Sources said that the instruction issued to category B and C was only the first good step. “It will be expanded to other financial institutions and the commercial banks as well,” said the source.
The central bank´s enforcement of compulsory deposit insurance has come at a time when experts have been expressing wariness over possible adverse impacts of real estate crash on the financial system, particularly institutions of category B and C.
Program to insure small deposits is not a new scheme though. The government had announced it in the budget for 2009/10, mainly after the collapse of Nepal Development Bank (NDB). Its implementation had hit snag mainly because of poor financial health of DCGC, the proposed insurer, and lack of clear operational strategy.
However, Ministry of Finance has recently finalized the draft of Deposits Guarantee Act 2011 in order to do away with its shortcomings. Under it, MoF has proposed to restructure the DCGC, raising its paid-up capital to Rs 2 billion in order to enable it to effectively deliver critical insurance services.
The draft act allows the central bank to fix and revise the level of deposits to be insured by the banks and financial institutions (BFIs). It seeks BFIs to register themselves at Deposit Guarantee Fund compulsorily, for which they will contribute 20 paisa per Rs 100 of deposit received.
Once into effect, the depositors who would lose their deposits with the bankruptcy of the bank or financial institution would get compensation after the seven days of submission of report to the Deposits Guarantee Fund by the liquidator.
The whole process of settlement would not take longer than one and a half months, according to the source.
Published on 2011-02-16 02:00:27
Source: REPUBLICA
, http://www.myrepublica.com/portal/index.php?action=news_details&news_id=28304
Issuing a circular to the financial institutions of category B (development bank) and C (finance companies), the central bank on Tuesday even instructed them to make all necessary arrangements to insure the small deposits at the Deposit and Credit Guarantee Corporation (DCGA).
“Under the directives, financial institutions will need to insure all deposits up to Rs 200,000 in both savings and fixed accounts,” said a source. The source told Republica that the central bank decided to enforce the insurance mandatory mainly after financial institutions continued to cold-shoulder the government´s call to voluntarily safeguard small depositors.
Currently, financial institutions, including development banks, finance companies, micro-finance development banks and co-operatives, have mobilized well over Rs 165 billion from the public. Of that, the central bank estimates the volume of small deposits (up to Rs 200,000) to be worth around Rs 20 billion.
“Basically these savings belong to low income groups. We have decided to make insurance mandatory largely to guarantee the depositors that they will get back their savings up to Rs 200,000 even if the financial institutions go bust,” said the NRB source.
The new directives, however, has left micro-finance development banks and co-operatives untouched even though the savings made in them belong to low-income groups.
Sources said that the instruction issued to category B and C was only the first good step. “It will be expanded to other financial institutions and the commercial banks as well,” said the source.
The central bank´s enforcement of compulsory deposit insurance has come at a time when experts have been expressing wariness over possible adverse impacts of real estate crash on the financial system, particularly institutions of category B and C.
Program to insure small deposits is not a new scheme though. The government had announced it in the budget for 2009/10, mainly after the collapse of Nepal Development Bank (NDB). Its implementation had hit snag mainly because of poor financial health of DCGC, the proposed insurer, and lack of clear operational strategy.
However, Ministry of Finance has recently finalized the draft of Deposits Guarantee Act 2011 in order to do away with its shortcomings. Under it, MoF has proposed to restructure the DCGC, raising its paid-up capital to Rs 2 billion in order to enable it to effectively deliver critical insurance services.
The draft act allows the central bank to fix and revise the level of deposits to be insured by the banks and financial institutions (BFIs). It seeks BFIs to register themselves at Deposit Guarantee Fund compulsorily, for which they will contribute 20 paisa per Rs 100 of deposit received.
Once into effect, the depositors who would lose their deposits with the bankruptcy of the bank or financial institution would get compensation after the seven days of submission of report to the Deposits Guarantee Fund by the liquidator.
The whole process of settlement would not take longer than one and a half months, according to the source.
Published on 2011-02-16 02:00:27
Source: REPUBLICA
, http://www.myrepublica.com/portal/index.php?action=news_details&news_id=28304
आफ्नै गल्तीको जिम्मा लिन्नन् बैंक
काठमाडौं, फागुन ३- खाता खोल्नु पूर्व भर्नुपर्ने फर्ममा बैंक कर्मचारीले गलत अंक चढाएमा यसबाट ग्राहकलाई पर्ने नोक्सानीको लागि बैंक जिम्मेवार हुने छैन भन्ने वाक्य हुन्छ।
बैंक तथा वित्तीय संस्थामा रहेको आफ्नो खातामा तपाईंले एक लाख रुपैयाँ जम्मा गर्नुभयो। तर, बैंकका कर्मचारीले शून्य कम गरेर १० हजारमात्रै खातामा चढाए भने तपाईंको बाँकी ९० हजार गुम्छ। यसको जिम्मेवारी बैंकले लिँदैन।
पैसा राख्ने सबैभन्दा सुरक्षित ठाउँ बैंकमा पनि यस्तो हुन्न होला भन्ने तपाईंलाई लाग्न सक्छ। तर, तपाईंले बैंकमा पैसा जम्मा गर्न खाता खोल्नु अघि भर्नुपर्ने फर्ममा यस्तै व्यहोराका सर्त हुन्छन्। प्रायः सबैजसो सर्वसाधारणले यस्ता सर्त नपढी हस्ताक्षर गरी खाता खोल्छन्।
वाणिज्य बैंक तथा वित्तीय संस्थाले खाता खोल्नु पूर्व भर्नुपर्ने फर्ममा बैंक कर्मचारीले गलत अंक चढाएमा यसबाट ग्राहकलाई पर्ने नोक्सानीको लागि बैंक जिम्मेवार हुने छैन भन्ने वाक्य हुन्छ। सबै बैंक तथा वित्तीय संस्थाले यही वाक्य भएको फर्म प्रयोगमा ल्याइरहेका छन्।
बैंक तथा वित्तीय संस्थाले कम्पनीलाई अपुग भए जुनसुकै किसिमले असुल गर्ने तर, ग्राहकका हकमा भने बैंक जिम्मेवार नहुने फर्ममा हस्ताक्षर गराउँछन्।
अधिकांश बैंक तथा वित्तीय संस्थाले प्रयोग गर्ने फर्मको नमुना 'बैंकले इन्ट्रीहरु सही ढंगले खातामा होस् भन्नका लागि पूरा सावधानी अपनाउने छ। तर, यसो हुँदाहुँदै पनि गलत इन्ट्री हुन गएमा त्यसको बदलामा सही इन्ट्री गर्ने तथा बैंकलाई अपुग हुन गएको कुनै पनि रकम असुल उपर गर्ने अधिकार बैंकमा निहित रहनेछ। यस किसिमको गलत इन्ट्रीहरुबाट ग्राहकलाई पर्ने नोक्सानीको लागि बैंक जिम्मेवार हुने छैन,' लेखिएको हुन्छ।
केही संस्थाको फर्ममा 'खाता सन्तोषजनक ढंगबाट सञ्चालन भइरहेको छैन भन्ने बैंकलाई लागेमा वा अन्य जुनसुकै कारणबाट पूर्वसूचना बिना कुनै खाता बन्द गर्ने अधिकार बैंकसँग सुरक्षित रहनेछ र यसो गर्नुको कारणबारे ग्राहकलाई बताइरहन बैंक बाध्य हुने छैन,' भन्ने लेखिएको हुन्छ।
यी दुई खाले फर्मको नमुनामा बैंक तथा वित्तीय संस्थाले भाषागत केही परिवर्तन गरे पनि आसय भने उही नै छ। केही दिनअघि खाता खोल्नका लागि मेगा बैंक पुगेका गणेश पराजुली फर्मको व्यहोरा हेरेपछि त्यसै फर्किए। 'फर्म भर्दा ज्यादै नै गैरजिम्मेवार सर्त देखेपछि म खाता नखोली फर्किएँ,' मेगा बैंकका संस्थापक सेयरधनीसमेत रहेका उनले भने, 'यसबारेमा मैले बैंकको विभागीय प्रमुखसँग कुरा गरें। उनले गल्ती महशुस गर्दै बुँदा सच्याउने बताए।'
हिमालयन हेन्डीक्राफ्टका प्रबन्ध निर्देशक पराजुलीलाई बैंकबाट फर्किएको एक सातापछि त्यहाँका कर्मचारीले खाता खोल्नसमेत बोलाए। 'मलाई बोलाएपछि सर्तहरु परिवर्तन गरेको भनेर सोधें,' उनले भने, 'तत्काल परिवर्तन गर्न नसकिने उत्तर आएपछि म खाता खोल्नै गएको छैन।'
बैंकरहरु भने फर्मको सर्त त्यस्तो भए पनि व्यावहारिक रुपमा बैंक जवाफदेही हुने बताउँछन्। 'पुरानो फर्म सवैले प्रयोग गरेकाले त्यस्तो भएको हो,' एक बैंकका प्रमुख कार्यकारी अधिकृतले नाम उल्लेख नगर्ने सर्तमा नागरिकसँग भने, 'निक्षेपकर्ताको सुरक्षा नै बैंकहरुको पहिलो कर्तव्य भएकाले व्यावहारिक रुपमा बैंक जवाफदेही हुने छ।'
Source:सुदर्शन सापकोटा, http://news.nagariknews.com/economy/banking-money/23372-2011-02-15-07-21-16.html
बैंक तथा वित्तीय संस्थामा रहेको आफ्नो खातामा तपाईंले एक लाख रुपैयाँ जम्मा गर्नुभयो। तर, बैंकका कर्मचारीले शून्य कम गरेर १० हजारमात्रै खातामा चढाए भने तपाईंको बाँकी ९० हजार गुम्छ। यसको जिम्मेवारी बैंकले लिँदैन।
पैसा राख्ने सबैभन्दा सुरक्षित ठाउँ बैंकमा पनि यस्तो हुन्न होला भन्ने तपाईंलाई लाग्न सक्छ। तर, तपाईंले बैंकमा पैसा जम्मा गर्न खाता खोल्नु अघि भर्नुपर्ने फर्ममा यस्तै व्यहोराका सर्त हुन्छन्। प्रायः सबैजसो सर्वसाधारणले यस्ता सर्त नपढी हस्ताक्षर गरी खाता खोल्छन्।
वाणिज्य बैंक तथा वित्तीय संस्थाले खाता खोल्नु पूर्व भर्नुपर्ने फर्ममा बैंक कर्मचारीले गलत अंक चढाएमा यसबाट ग्राहकलाई पर्ने नोक्सानीको लागि बैंक जिम्मेवार हुने छैन भन्ने वाक्य हुन्छ। सबै बैंक तथा वित्तीय संस्थाले यही वाक्य भएको फर्म प्रयोगमा ल्याइरहेका छन्।
बैंक तथा वित्तीय संस्थाले कम्पनीलाई अपुग भए जुनसुकै किसिमले असुल गर्ने तर, ग्राहकका हकमा भने बैंक जिम्मेवार नहुने फर्ममा हस्ताक्षर गराउँछन्।
अधिकांश बैंक तथा वित्तीय संस्थाले प्रयोग गर्ने फर्मको नमुना 'बैंकले इन्ट्रीहरु सही ढंगले खातामा होस् भन्नका लागि पूरा सावधानी अपनाउने छ। तर, यसो हुँदाहुँदै पनि गलत इन्ट्री हुन गएमा त्यसको बदलामा सही इन्ट्री गर्ने तथा बैंकलाई अपुग हुन गएको कुनै पनि रकम असुल उपर गर्ने अधिकार बैंकमा निहित रहनेछ। यस किसिमको गलत इन्ट्रीहरुबाट ग्राहकलाई पर्ने नोक्सानीको लागि बैंक जिम्मेवार हुने छैन,' लेखिएको हुन्छ।
केही संस्थाको फर्ममा 'खाता सन्तोषजनक ढंगबाट सञ्चालन भइरहेको छैन भन्ने बैंकलाई लागेमा वा अन्य जुनसुकै कारणबाट पूर्वसूचना बिना कुनै खाता बन्द गर्ने अधिकार बैंकसँग सुरक्षित रहनेछ र यसो गर्नुको कारणबारे ग्राहकलाई बताइरहन बैंक बाध्य हुने छैन,' भन्ने लेखिएको हुन्छ।
यी दुई खाले फर्मको नमुनामा बैंक तथा वित्तीय संस्थाले भाषागत केही परिवर्तन गरे पनि आसय भने उही नै छ। केही दिनअघि खाता खोल्नका लागि मेगा बैंक पुगेका गणेश पराजुली फर्मको व्यहोरा हेरेपछि त्यसै फर्किए। 'फर्म भर्दा ज्यादै नै गैरजिम्मेवार सर्त देखेपछि म खाता नखोली फर्किएँ,' मेगा बैंकका संस्थापक सेयरधनीसमेत रहेका उनले भने, 'यसबारेमा मैले बैंकको विभागीय प्रमुखसँग कुरा गरें। उनले गल्ती महशुस गर्दै बुँदा सच्याउने बताए।'
हिमालयन हेन्डीक्राफ्टका प्रबन्ध निर्देशक पराजुलीलाई बैंकबाट फर्किएको एक सातापछि त्यहाँका कर्मचारीले खाता खोल्नसमेत बोलाए। 'मलाई बोलाएपछि सर्तहरु परिवर्तन गरेको भनेर सोधें,' उनले भने, 'तत्काल परिवर्तन गर्न नसकिने उत्तर आएपछि म खाता खोल्नै गएको छैन।'
बैंकरहरु भने फर्मको सर्त त्यस्तो भए पनि व्यावहारिक रुपमा बैंक जवाफदेही हुने बताउँछन्। 'पुरानो फर्म सवैले प्रयोग गरेकाले त्यस्तो भएको हो,' एक बैंकका प्रमुख कार्यकारी अधिकृतले नाम उल्लेख नगर्ने सर्तमा नागरिकसँग भने, 'निक्षेपकर्ताको सुरक्षा नै बैंकहरुको पहिलो कर्तव्य भएकाले व्यावहारिक रुपमा बैंक जवाफदेही हुने छ।'
Source:सुदर्शन सापकोटा, http://news.nagariknews.com/economy/banking-money/23372-2011-02-15-07-21-16.html
गोर्खा बैंकका पूर्वअध्यक्ष बम्जनलाई कारबाही हुने
काठमाडौं, फागुन ४ - कर्जा दुरुपयोग भएको पुष्टि भएपछि राष्ट्र बैंकले गोर्खा डेभलपमेन्ट बैंकका पूर्वकार्यकारी अध्यक्ष डिबी बम्जन र कर्जा दिने कर्मचारीलाई कारबाही गर्ने भएको छ। केन्द्रीय बैंकले दुरुपयोग कर्जा बराबर रकमको सम्भावित नोक्सानी व्यवस्था गर्नसमेत बैंकलाई निर्देशन दिन लागेको छ।
'छानविनमा कर्जा दुरुपयोग भएको पाइयो,' राष्ट्र बैंक उच्च स्रोतले भन्यो, 'अब एक/दुई दिनमा कारबाही गर्न बैंकको बोर्डलाई निर्देशन दिन्छौं।' गोर्खा डेभलपमेन्ट बैंकले गत असारमा अब्दुल कवाडी टे्रडिङको नाममा १२ करोड ४१ लाख रुपैयाँ कर्जा दिएको थियो।
वसन्तबहादुर थापाको नाममा रहेको अब्दुल कवाडीलाई दिएको कर्जा बैंकका केही कर्मचारी र ऋणीको ऋण तिर्न प्रयोग भएको अनुसन्धानबाट पुष्टि भएपछि केन्द्रीय बैंकले बम्जनलाई कारबाही गर्न लागेको हो।
'कर्जा डुब्ने निश्चित छ,' राष्ट्र बैंकका एक अधिकारीले भने, 'त्यही भएर सम्भावित नोक्सानी व्यवस्था गर्नसमेत निर्देशन दिन लागेका हौं।' कर्जा दुरुपयोग भएको सार्वजनिक भएपछि तत्कालीन कार्यकारी अध्यक्ष बम्जनले पदबाट मौखिक राजीनामा गरिसकेका छन्। उनको राजीनामालाई स्वीकृत गर्दै सञ्चालक समितिले निर्मल गुरुङलाई अध्यक्ष बनाएको छ।
'बम्जन व्यवस्थापन समूह र सञ्चालक समिति दुवैको प्रमुख भएका हिसाबले उनलाई कारबाही हुन्छ,' राष्ट्र बैंक स्रोतले भन्यो, 'यति ठूलो कर्जा पास गर्ने कर्मचारीका साथै सञ्चालक समितिअन्तर्गत रहने कर्जा उपसमितिका सदस्यलाई समेत कारबाही हुन्छ।'
राष्ट्र बैंक स्रोतका अनुसार अब्दुल कवाडीको नाममा गोर्खा डेभलपमेन्ट बैंकबाट कर्जा लिनु अघि यो सम्पत्ति श्री इन्भेस्टमेन्ट फाइनान्समा धितोमा थियो। श्री इन्भेस्टमेन्टबाट एकै दिनमा धितो फुकुवा गरेर गोर्खा डेभलपमेन्ट बैंकबाट कर्जा लिइएको अनुसन्धानबाट देखिएको छ। कम्पनीको श्रीइन्भेस्टमेन्टमा साढे ३ करोड कर्जा थियो।
'गोर्खा डेभलपमेन्ट बैंकबाट लिइएको करिव साढे १२ करोडमध्ये श्री इन्भेस्टमेन्टको साढे तीन करोड चुक्ता गरेर बाँकी पैसा ऋणीलाई वियरर र नगद भुक्तानी भएको छ,' स्रोतले भन्यो, 'ऋणीले लगेको बाँकी रकमबाट गोर्खा डेभलपमेन्ट बैंकको अन्य कर्जा भुक्तानीमा पैसा गएको पाइयो।' स्रोतका अनुसार अब्दुल कवाडीका नाममा १२ करोड ४१ लाख रुपैयाँ वर्किङ क्यापिटल कर्जा लगिएकोमा साइट अनुसन्धानका लागि जाँदा एक करोड पनि सामान भेटिएन।
अब्दुल कवाडी थापाको नाममा आउनु अघि सुरज दाहालको थियो। राष्ट्र बैंक स्रोतका अनुसार रियलस्टेटका व्यवसायी दाहालको ठूलो कर्जा गोर्खा डेभलपमेन्ट बैंकमा थियो। 'कवाडीका नाममा लिइएको कर्जा दाहालको कर्जा तिर्नसमेत प्रयोग भएको छ,' स्रोतले भन्यो।
अब्दुल कवाडीका नाममा कर्जा लिइए पनि सम्पूर्ण धितो तेस्रो व्यक्ति अर्थात पाचलाल महर्जनले हालेको अनुसन्धानबाट देखिएको छ। 'व्यक्तिगत रुपमा कर्जा लिँदा प्रक्रिया लम्बिने देखिएपछि पहिले कर्जा प्रवाह भइसकेको फर्मका नाममा अर्को व्यक्तिले थप धितो राखेर कर्जा लिएको हो,' स्रोतले भन्यो। बैंकमा रहेको पुरानो कर्जालाई मिलाउन बैंक कर्मचारी र ऋणी मिलेर नयाँ कर्जा लिइएको हो।
चालु आबमा बैंक घाटामा जान सक्ने
राष्ट्र बैंकको निर्देशनअनुसार १२ करोड ४१ लाख रुपैयाँ सम्भावित नोक्सानी व्यवस्थामा छुट्याँउदा चालु आबमा बैंक घाटामा जान सक्ने देखिएको छ। बैंकले गत आर्थिक वर्ष ७ करोड २७ लाख रुपैयाँ नाफा गरेको थियो। गत वर्षको नाफालाई यो वर्ष झन्डै दोब्बर नपारे बैंकको पुँजी घट्ने छ। यसको ६६ करोड चुक्ता पुँजी छ।
Source: सुदर्शन सापकोटा, http://news.nagariknews.com/economy/industries/23398-2011-02-16-04-39-13.html
'छानविनमा कर्जा दुरुपयोग भएको पाइयो,' राष्ट्र बैंक उच्च स्रोतले भन्यो, 'अब एक/दुई दिनमा कारबाही गर्न बैंकको बोर्डलाई निर्देशन दिन्छौं।' गोर्खा डेभलपमेन्ट बैंकले गत असारमा अब्दुल कवाडी टे्रडिङको नाममा १२ करोड ४१ लाख रुपैयाँ कर्जा दिएको थियो।
वसन्तबहादुर थापाको नाममा रहेको अब्दुल कवाडीलाई दिएको कर्जा बैंकका केही कर्मचारी र ऋणीको ऋण तिर्न प्रयोग भएको अनुसन्धानबाट पुष्टि भएपछि केन्द्रीय बैंकले बम्जनलाई कारबाही गर्न लागेको हो।
'कर्जा डुब्ने निश्चित छ,' राष्ट्र बैंकका एक अधिकारीले भने, 'त्यही भएर सम्भावित नोक्सानी व्यवस्था गर्नसमेत निर्देशन दिन लागेका हौं।' कर्जा दुरुपयोग भएको सार्वजनिक भएपछि तत्कालीन कार्यकारी अध्यक्ष बम्जनले पदबाट मौखिक राजीनामा गरिसकेका छन्। उनको राजीनामालाई स्वीकृत गर्दै सञ्चालक समितिले निर्मल गुरुङलाई अध्यक्ष बनाएको छ।
'बम्जन व्यवस्थापन समूह र सञ्चालक समिति दुवैको प्रमुख भएका हिसाबले उनलाई कारबाही हुन्छ,' राष्ट्र बैंक स्रोतले भन्यो, 'यति ठूलो कर्जा पास गर्ने कर्मचारीका साथै सञ्चालक समितिअन्तर्गत रहने कर्जा उपसमितिका सदस्यलाई समेत कारबाही हुन्छ।'
राष्ट्र बैंक स्रोतका अनुसार अब्दुल कवाडीको नाममा गोर्खा डेभलपमेन्ट बैंकबाट कर्जा लिनु अघि यो सम्पत्ति श्री इन्भेस्टमेन्ट फाइनान्समा धितोमा थियो। श्री इन्भेस्टमेन्टबाट एकै दिनमा धितो फुकुवा गरेर गोर्खा डेभलपमेन्ट बैंकबाट कर्जा लिइएको अनुसन्धानबाट देखिएको छ। कम्पनीको श्रीइन्भेस्टमेन्टमा साढे ३ करोड कर्जा थियो।
'गोर्खा डेभलपमेन्ट बैंकबाट लिइएको करिव साढे १२ करोडमध्ये श्री इन्भेस्टमेन्टको साढे तीन करोड चुक्ता गरेर बाँकी पैसा ऋणीलाई वियरर र नगद भुक्तानी भएको छ,' स्रोतले भन्यो, 'ऋणीले लगेको बाँकी रकमबाट गोर्खा डेभलपमेन्ट बैंकको अन्य कर्जा भुक्तानीमा पैसा गएको पाइयो।' स्रोतका अनुसार अब्दुल कवाडीका नाममा १२ करोड ४१ लाख रुपैयाँ वर्किङ क्यापिटल कर्जा लगिएकोमा साइट अनुसन्धानका लागि जाँदा एक करोड पनि सामान भेटिएन।
अब्दुल कवाडी थापाको नाममा आउनु अघि सुरज दाहालको थियो। राष्ट्र बैंक स्रोतका अनुसार रियलस्टेटका व्यवसायी दाहालको ठूलो कर्जा गोर्खा डेभलपमेन्ट बैंकमा थियो। 'कवाडीका नाममा लिइएको कर्जा दाहालको कर्जा तिर्नसमेत प्रयोग भएको छ,' स्रोतले भन्यो।
अब्दुल कवाडीका नाममा कर्जा लिइए पनि सम्पूर्ण धितो तेस्रो व्यक्ति अर्थात पाचलाल महर्जनले हालेको अनुसन्धानबाट देखिएको छ। 'व्यक्तिगत रुपमा कर्जा लिँदा प्रक्रिया लम्बिने देखिएपछि पहिले कर्जा प्रवाह भइसकेको फर्मका नाममा अर्को व्यक्तिले थप धितो राखेर कर्जा लिएको हो,' स्रोतले भन्यो। बैंकमा रहेको पुरानो कर्जालाई मिलाउन बैंक कर्मचारी र ऋणी मिलेर नयाँ कर्जा लिइएको हो।
चालु आबमा बैंक घाटामा जान सक्ने
राष्ट्र बैंकको निर्देशनअनुसार १२ करोड ४१ लाख रुपैयाँ सम्भावित नोक्सानी व्यवस्थामा छुट्याँउदा चालु आबमा बैंक घाटामा जान सक्ने देखिएको छ। बैंकले गत आर्थिक वर्ष ७ करोड २७ लाख रुपैयाँ नाफा गरेको थियो। गत वर्षको नाफालाई यो वर्ष झन्डै दोब्बर नपारे बैंकको पुँजी घट्ने छ। यसको ६६ करोड चुक्ता पुँजी छ।
Source: सुदर्शन सापकोटा, http://news.nagariknews.com/economy/industries/23398-2011-02-16-04-39-13.html
Three financial institutions (FIs) banned from collecting deposits, lending
KATHMANDU, FEB 16 -
The Nepal Rastra Bank has banned three financial institutions (FIs) from collecting deposits, lending and distributing dividends to shareholders for their failure to increase their paid-up capital on a proportional basis every year.
The FIs are Mercantile Finance, Birgunj; Multipurpose Finance, Rajbiraj; and Investa Finance, Birgunj.
As per the NRB directive, financial institutions licensed before April 2008, should increase their capital every year. Four to ten districts-based development banks should increase their capital to Rs 200 million and one to three districts-based development banks should increase to Rs 100 million by 2012-13. Regional level finance companies should increase their paid-up capital to Rs 100 million by the deadline.
As of the first quarter of the current fiscal year, Mercantile has a paid-up capital of Rs 18 million, Multipurpose has Rs 15 million and Investa has Rs 24 million.
Currently, Mercantile has deposits of Rs 44.9 billion and credit of Rs 73.2 million.
Similarly, Multipurpose has deposits of Rs 62.2 million and credit of Rs 94.5 million. Deposits of Investa stand at Rs 12.8 million, while its credit is Rs 63.7 million.
Banned FIs
Mercantile Finance Birgunj
Multipurpose Finance Rajbiraj
Investa Finance Birgunj
Posted on: 2011-02-16 09:28
Source: http://www.ekantipur.com/2011/02/16/business/three-fis-banned-from-collecting-deposits-lending/329679.html
The Nepal Rastra Bank has banned three financial institutions (FIs) from collecting deposits, lending and distributing dividends to shareholders for their failure to increase their paid-up capital on a proportional basis every year.
The FIs are Mercantile Finance, Birgunj; Multipurpose Finance, Rajbiraj; and Investa Finance, Birgunj.
As per the NRB directive, financial institutions licensed before April 2008, should increase their capital every year. Four to ten districts-based development banks should increase their capital to Rs 200 million and one to three districts-based development banks should increase to Rs 100 million by 2012-13. Regional level finance companies should increase their paid-up capital to Rs 100 million by the deadline.
As of the first quarter of the current fiscal year, Mercantile has a paid-up capital of Rs 18 million, Multipurpose has Rs 15 million and Investa has Rs 24 million.
Currently, Mercantile has deposits of Rs 44.9 billion and credit of Rs 73.2 million.
Similarly, Multipurpose has deposits of Rs 62.2 million and credit of Rs 94.5 million. Deposits of Investa stand at Rs 12.8 million, while its credit is Rs 63.7 million.
Banned FIs
Mercantile Finance Birgunj
Multipurpose Finance Rajbiraj
Investa Finance Birgunj
Posted on: 2011-02-16 09:28
Source: http://www.ekantipur.com/2011/02/16/business/three-fis-banned-from-collecting-deposits-lending/329679.html
Sonntag, 13. Februar 2011
शिथिल बजार
"देशको राजनीतिमा सुधार र बैँकको ब्याजदर नघटेसम्म सेयर बजारको हविगत यस्तै हो," यो तीतो टिप्पणी नेपालको सेयर बजारमा लगानी गर्ने करबि १५ लाखमध्येका एक बृहत्तम श्रेष्ठको हो। मुलुकको समग्र आर्थिक गतिविधि र विकासको महत्त्वपूर्ण परसिूचकका रूपमा लिइने सेयर बजारमा छाएको मन्दीका कारण अधिकांश लगानीकर्ता श्रेष्ठकै जस्तो धारणा पाल्न बाध्य छन्। सेयर बजारलाई मुलुकको पूर्वाधार विकास र आर्थिक समृद्धिका लागि आवश्यक पुँजीको जोहो गर्ने महत्त्वपूर्ण थलोको रूपमा लिने गरन्िछ।
भदौ २०६५ को सबैभन्दा उच्चतम विन्दु ११७५ लाई आधार मान्दा अहिले सेयरबजार करबि ६० प्रतिशतले घटेको देखिन्छ। अहिले सेयर बजार परसिूचक ४०० विन्दुको आसपासमा रहेको छ भने बजार पुँजीकरण पनि पाँच खर्बबाट साढे तीन खर्ब रुपियाँमा झरेको छ। तर, सेयर बजारका जानकारहरू भदौ ०६५ को उच्चतम विन्दु आफँैमा कृत्रिम रहेको र त्यसलाई आधार बनाएर अहिलेको अवस्थालाई मूल्यांकन गर्नु गलत हुने दाबी गर्छन्।
भदौ ०६५ यताको अवधिमा बजारमा सेयरको संख्यामा पनि उल्लेख्य वृद्धि भएको छ। त्यतिबेला स्टक एक्सचेन्जमा सूचीकृत सेयर संख्या ४८ करोड ४५ लाख कित्ता रहेकामा मंसिर ०६७ मा आइपुग्दा करबि शतप्रतिशत बढेर ९१ करोड ३ लाख ५४ हजार पुगेको छ। त्यस हिसाबले भदौ ०६५ मा एउटा सेयर हुनेको सामान्यतः अहिले दुईवटा सेयर भइसकेको अवस्था छ। त्यसैले तरल राजनीतिक अवस्था, धर्मराउँदो अर्थतन्त्र र सेयरको यतिविघ्न आपूर्तिलाई दृष्टिगत गर्दा परसिूचक आधाले घटेर ४०० देखि ५०० बीचको अंकमा आइपुग्नु अस्वाभाविक देखिँदैन। अर्कोतर्फ, बर्सेनि तरलता अभाव खेप्न बाध्य वित्तीय क्षेत्रले निक्षेपमा आकर्षक ब्याजदर बढाउँदै लगेका कारण प्रतिफलका हिसाबले पनि सेयरबजारको आकर्षण क्रमशः घट्दो छ।
त्यसो त हालको लगानी र बजारको परपिक्वता दुवै दृष्टिले अहिलेको अवस्थालाई अवसरका रूपमा चित्रण गर्नेहरूको पनि कमी छैन। निराशाबीच त्यस्तै सम्भावनाका किरणहरू देखेका छन्, सेयर बजार विश्लेषक रवीन्द्र भट्टराईले। भन्छन्, "अहिलेको अवस्था भनेको बजारसँगै नियमन निकाय र स्टक एक्सचेन्ज सच्चिने र चुस्त हुने अवसर पनि हो।" यस अवसरलाई सदुपयोग गर्न सके बजार उक्लिन बेर नलाग्ने भट्टराईको दाबी छ।
सेयर बजार निरन्तर ओरालो लाग्दै जाँदा एकाएक कोकोहोलो मच्चिने गरे पनि नियमनकारी निकायदेखि दलाल र लगानीकर्तासम्मले यस्तो अवस्था किन आयो र भविष्यमा कसरी दोहोरनि नदिनेजस्ता प्रश्नको जवाफ खोज्न भने त्यति चासो देखाउने गरेका छैनन्। जसका कारण केही वर्षको अन्तरालमै सेयर बजारले यस्तो हविगत बेहोर्नु पर्दा बजारमा नयाँ लगानीकर्ता भित्रिने सम्भावना क्रमशः क्षीण हुँदै गएको छ। साथै, संस्थागत लगानीकर्ताका लागि अनुकूल नीति र माहोल पनि बन्न सकेको छैन।
सेयर बजारको पछिल्लो अवस्थाको प्रमुख कारक मुलुकको राजनीति र त्यसबाट आक्रान्त सम्पूर्ण अर्थव्यवस्था भए पनि कमजोर पूर्वाधार र प्रविधि पनि त्यसका लागि मुख्य जिम्मेवार देखिन्छन्। स्थापनाको १८औँ वर्षमा प्रवेश गरेको स्टक एक्सचेन्जको हालको पूर्वाधार र प्रविधिलाई समयमै अद्यावधिक नगर्ने हो भने अहिलेको भन्दा पनि संकटपूर्ण अवस्था आउनसक्ने ठोकुवा गर्छन्, सेयरबजारका जानकारहरू। सेयर दलाल संघका अध्यक्ष नन्दकिशोर मुण्डा भन्छन्, "स्टक एक्सचेन्जको पूर्वाधार नै अति कमजोर भयो। १७ वर्षअघि -०५०) जे थियो त्यही छ, तात्त्विक भिन्नता छैन। एउटा कम्प्युटरबाटै १९३ कम्पनीको काम गर्नुपर्ने अवस्था छ।"
कारोबारमा हुने ढिलाइ र सेयर बजारको स्िथति देखेर विदेशबाट फर्किएका लगानीकर्ता निराश हुनुपर्ने अवस्था छ। कतिसम्म भने प्रमाणपत्रकै लागि करबि एक महिना कुर्नैपर्ने बाध्यता छ, जसका कारण आफ्नो लगानीमा समेत नाफा र घाटाको प्रक्षेपण गर्न असमर्थ छन् लगानीकर्ता। विश्लेषक भट्टराई भन्छन्, "नेपालको सेयर बजार व्यापारकि प्रकृतिको -ट्रेडिङ् स्टक एक्सचेन्ज) हुनुपर्नेमा लगानी -इन्भेस्टमेन्ट) गर्ने ठाउँ मात्र भएको छ, एकपल्ट लगानी गर्यो अनि वर्षौं कुर्यो प्रतिफलका लागि।" यस्तो अवस्थामा सुविधाका जस्तोसुकै ढोका खोलिदिए पनि विदेशका आधुनिक र सुविधासम्पन्न पुँजी बजारसँग साक्षात्कार भइसकेका नेपालीहरू आकषिर्त हुने सम्भावना अत्यन्त कम छ।
सेयरबजारको गिर्दो साख र लगानीकर्ताको निराशालाई लक्षित गर्दै पछिल्लो समय जोखिम न्यूनीकरण र विस्तारमा केही पहलहरू नभएका भने होइनन्। काठमाडौँबाहिरका छ सहरहरूबाट समेत सेयर करोबार सुरु भइसकेको छ। यो विस्तारले सेयर बजारमा राजधानीबाहिरका लगानीकर्ताहरूको पहुँच क्रमशः बढाउँदै लगे पनि अपेक्षित नतिजा हासिल हुन नसकेको सम्बन्धित अधिकारीहरू स्वीकार्छन्। स्टक एक्सचेन्जमा आगामी केही महिनाभित्र जडान गरनिे केन्द्रीय निक्षेप प्रणाली -सेन्ट्रल डिपोजिट सिस्टम अर्थात् सीडीएस)ले सेयरको हिसाबकिताब मिलानका साथै नामसारी सहज बन्न गई कारोबारलाई छरतिो बनाउने अपेक्षा गरएिको छ। कारोबार छरतिो बन्दा 'भोलिसम्मका लागि जोखिम मोलौँ' भन्ने लगानीकर्ताका लागि बजार सहज बन्नेछ। नेपाल स्टक एक्सचेन्ज -नेप्से) र नेपाल धितोपत्र बोर्ड -सेबोन)का पदाधिकारीहरू मात्र नभई सेयर दलालहरूसमेत सीडीएस प्रणालीले सेयर बजारमा सकारात्मक प्रभाव पार्नेमा आशावादी देखिन्छन्।
यद्यपि, अनलाइन अन्तरबैँकिङ् कारोबारको व्यवस्थाबिना सीडीएस जडान हुँदैमा सेयर बजारकै कायापलट हुन्छ भन्नु हावादारी बताउँछन् अध्यक्ष मुण्डा। अनलाइन भुक्तानीको व्यवस्था नहुँदा भुक्तानीका लागि बैँकमा लाइन लाग्नुपर्ने र लगानीकर्ता दलालकहाँ जानैपर्ने बाध्यता कायम रहने हुँदा कारोवारमा खासै तीव्रता नआउने मुण्डाको ठहर छ। भन्छन्, "उपभोग्य वस्तुको बजारमा जस्तो घरमै बसेर क्षणभरमै किन्ने र बेच्ने सुविधा नभएसम्म नयाँ लगानीकर्ता आकषिर्त हुनेवाला छैनन्।" नेप्सेका अध्यक्ष टंकप्रसाद पनेरु भने सीडीएस जडानपछि बजारमा चहलपहल स्वतः बढ्ने दाबी गर्छन् । तर, विश्लेषक भट्टराई भन्छन्, "मुलुकका समग्र आर्थिक परसिूचकहरू सकारात्मक र आशलाग्दो नभएसम्म प्रविधिले मात्र सेयर बजार उकालो लाग्नेवाला छैन।"
क्षेत्रगत हिसाबले बजारको अपेक्षाकृत विविधीकरण नहुँदा पनि लगानीकर्ताहरूको सेयर बजारप्रति खासै आकर्षण देखिँदैन। हाल सूचीकृत कम्पनीहरूमध्ये प्रायः सबै वित्तीय क्षेत्रसँग सम्बन्धित छन्। उत्पादनमूलक कम्पनीहरूको उपस्िथति नगन्य नै छ। जसका कारण वित्तीय कम्पनीहरूको भरमा मात्र टिकेको सेयर बजार दिगो हुँदैन भन्ने तर्कको पुष्टीकरण हुने सम्भावना बढ्दै गएको छ। सेयर विश्लेषक भट्टराई त नेपालको सेयर बजार तासको घरजस्तै भएको र जुनसुकै बेला धराशयी हुनसक्नेसम्मको तर्क गर्छन्।
हुनतः मुलुकको राजनीतिले निश्चित बाटो नलिँदासम्म वैदेशिक लगानी प्रवेश र उत्पादनमूलक क्षेत्रको विकास पनि सम्भव देखिँदैन। नेपालको आर्थिक विकासका लागि अपरहिार्य क्षेत्रका रूपमा चित्रण गरँिदै आएको जलविद्युत् क्षेत्रले गति लिने हो र जलविद्युत्सम्बन्धी कम्पनीहरूको पुँजी बजारमा प्रवेश सहज बनाइदिने हो भने सेयर बजारका लागि सुखद हुनसक्ने विश्लेषकहरू बताउँछन्। क्षेत्रगत हिसाबले सेयर बजारको विविधीकरण हुन नसकेको भन्ने तर्कसँग एक्सचेन्जका अध्यक्ष पनेरु पनि सहमत देखिन्छन्। भन्छन्, "यो आशंका हटाउन पनि सरकारले जलविद्युत्, दूरसञ्चार र अन्य उत्पादकमूलक क्षेत्रलाई पुँजीबजारमा प्रवेश गराउन बिमा र बैँकिङ् क्षेत्रलाई जस्तै बाध्यकारी व्यवस्था गर्न सकिन्छ।" बिमा र वाणिज्य बैँकहरूले सञ्चालन अनुमति पाएको दुई वर्षभित्र सर्वसाधारणका लागि साधारण सेयर जारी गर्नैपर्ने बाध्यकारी व्यवस्था गरएिको छ। तर, विविधीकरणका नाममा अनियन्त्रित, अपारदर्शी र अस्वस्थ कम्पनीहरूको प्रवेश थप जोखिमपूर्ण हुनेतर्फ सचेत रहनु आवश्यक हुने विश्लेषकहरूको भनाइ छ।
सेयर बजारको प्रकृति, कमी-कमजोरी, गुण र दोषसँग अवगत नहुनाले पनि सेयर बजार केही ओरालो लाग्दैमा लगानीकर्ताहरू निराश हुने गरेको पाइन्छ। उनीहरूलाई सेयर बजारका सम्बन्धमा जानकारी दिने र सुसूचित गर्ने मुख्य अभिभारा सरकार, धितोपत्र बोर्ड र स्टक एक्सचेन्जको भए पनि त्यसतर्फ यी निकायहरू त्यति गम्भीर देखिँदैनन्। अर्थविद् चिरञ्जीवी नेपाल पुँजी बजारप्रति राज्यको ढुलमुले नीति र जिम्मेवार निकायहरूको अदूरदर्शितालाई सेयर बजारको पछिल्लो अवस्थाको कारक ठान्छन्। भन्छन्, "सरकारी पक्षबाटै सेयर बजारलाई उपेक्षित ढंगले हेरनिु र प्रचारप्रसार शून्यबराबर भएकै कारण यो अवस्था सिर्जना भएको हो।"
तर, ढिलै भए पनि विभिन्न कारणले पाँच वर्षसम्म पनि दाबी नगरएिका कारण संकलन हुन गएको नगद लाभांशको एकमुष्ठ रकम करबि पाँच करोड रुपियाँलाई लगानीकर्ता सुरक्षित कोषमार्फत प्रचारप्रसार र अन्य जानकारीमूलक कार्यक्रमका लागि खर्च गर्ने योजना नेप्सेले बनाएको बताउँछन् अध्यक्ष पनेरु। तर, विश्लेषकहरू यस्ता प्रचारमूलक कार्यक्रमले खासै प्रभाव नपार्ने दाबी गर्छन्। त्यसो त पुँजी बजारको प्रगति र अधोगति दुवैमा लगानीकर्ताको मनोविज्ञानलाई पनि अति महत्त्वका साथ हेरन्िछ। डुब्नै लागेको कम्पनीमा पनि लगानीकर्ताले भरोसा देखाएमा त्यो कम्पनी कुनै पनि बेला उक्सिन सक्छ। सेयर विश्लेषक भट्टराई भन्छन्, "लगानीकर्ताले विश्वास देखाए भने ढल्नै लागेका कम्पनीहरू पनि रातारात उँभो लाग्न सक्छन् र देखाएनन् भने सफल र सबल भनिएका कम्पनी पनि क्षणभरमै धराशयी हुन बेर लाग्दैन ।"
Source: http://www.ekantipur.com/nepal/article/?id=1932
"देशको राजनीतिमा सुधार र बैँकको ब्याजदर नघटेसम्म सेयर बजारको हविगत यस्तै हो," यो तीतो टिप्पणी नेपालको सेयर बजारमा लगानी गर्ने करबि १५ लाखमध्येका एक बृहत्तम श्रेष्ठको हो। मुलुकको समग्र आर्थिक गतिविधि र विकासको महत्त्वपूर्ण परसिूचकका रूपमा लिइने सेयर बजारमा छाएको मन्दीका कारण अधिकांश लगानीकर्ता श्रेष्ठकै जस्तो धारणा पाल्न बाध्य छन्। सेयर बजारलाई मुलुकको पूर्वाधार विकास र आर्थिक समृद्धिका लागि आवश्यक पुँजीको जोहो गर्ने महत्त्वपूर्ण थलोको रूपमा लिने गरन्िछ।
भदौ २०६५ को सबैभन्दा उच्चतम विन्दु ११७५ लाई आधार मान्दा अहिले सेयरबजार करबि ६० प्रतिशतले घटेको देखिन्छ। अहिले सेयर बजार परसिूचक ४०० विन्दुको आसपासमा रहेको छ भने बजार पुँजीकरण पनि पाँच खर्बबाट साढे तीन खर्ब रुपियाँमा झरेको छ। तर, सेयर बजारका जानकारहरू भदौ ०६५ को उच्चतम विन्दु आफँैमा कृत्रिम रहेको र त्यसलाई आधार बनाएर अहिलेको अवस्थालाई मूल्यांकन गर्नु गलत हुने दाबी गर्छन्।
भदौ ०६५ यताको अवधिमा बजारमा सेयरको संख्यामा पनि उल्लेख्य वृद्धि भएको छ। त्यतिबेला स्टक एक्सचेन्जमा सूचीकृत सेयर संख्या ४८ करोड ४५ लाख कित्ता रहेकामा मंसिर ०६७ मा आइपुग्दा करबि शतप्रतिशत बढेर ९१ करोड ३ लाख ५४ हजार पुगेको छ। त्यस हिसाबले भदौ ०६५ मा एउटा सेयर हुनेको सामान्यतः अहिले दुईवटा सेयर भइसकेको अवस्था छ। त्यसैले तरल राजनीतिक अवस्था, धर्मराउँदो अर्थतन्त्र र सेयरको यतिविघ्न आपूर्तिलाई दृष्टिगत गर्दा परसिूचक आधाले घटेर ४०० देखि ५०० बीचको अंकमा आइपुग्नु अस्वाभाविक देखिँदैन। अर्कोतर्फ, बर्सेनि तरलता अभाव खेप्न बाध्य वित्तीय क्षेत्रले निक्षेपमा आकर्षक ब्याजदर बढाउँदै लगेका कारण प्रतिफलका हिसाबले पनि सेयरबजारको आकर्षण क्रमशः घट्दो छ।
त्यसो त हालको लगानी र बजारको परपिक्वता दुवै दृष्टिले अहिलेको अवस्थालाई अवसरका रूपमा चित्रण गर्नेहरूको पनि कमी छैन। निराशाबीच त्यस्तै सम्भावनाका किरणहरू देखेका छन्, सेयर बजार विश्लेषक रवीन्द्र भट्टराईले। भन्छन्, "अहिलेको अवस्था भनेको बजारसँगै नियमन निकाय र स्टक एक्सचेन्ज सच्चिने र चुस्त हुने अवसर पनि हो।" यस अवसरलाई सदुपयोग गर्न सके बजार उक्लिन बेर नलाग्ने भट्टराईको दाबी छ।
सेयर बजार निरन्तर ओरालो लाग्दै जाँदा एकाएक कोकोहोलो मच्चिने गरे पनि नियमनकारी निकायदेखि दलाल र लगानीकर्तासम्मले यस्तो अवस्था किन आयो र भविष्यमा कसरी दोहोरनि नदिनेजस्ता प्रश्नको जवाफ खोज्न भने त्यति चासो देखाउने गरेका छैनन्। जसका कारण केही वर्षको अन्तरालमै सेयर बजारले यस्तो हविगत बेहोर्नु पर्दा बजारमा नयाँ लगानीकर्ता भित्रिने सम्भावना क्रमशः क्षीण हुँदै गएको छ। साथै, संस्थागत लगानीकर्ताका लागि अनुकूल नीति र माहोल पनि बन्न सकेको छैन।
सेयर बजारको पछिल्लो अवस्थाको प्रमुख कारक मुलुकको राजनीति र त्यसबाट आक्रान्त सम्पूर्ण अर्थव्यवस्था भए पनि कमजोर पूर्वाधार र प्रविधि पनि त्यसका लागि मुख्य जिम्मेवार देखिन्छन्। स्थापनाको १८औँ वर्षमा प्रवेश गरेको स्टक एक्सचेन्जको हालको पूर्वाधार र प्रविधिलाई समयमै अद्यावधिक नगर्ने हो भने अहिलेको भन्दा पनि संकटपूर्ण अवस्था आउनसक्ने ठोकुवा गर्छन्, सेयरबजारका जानकारहरू। सेयर दलाल संघका अध्यक्ष नन्दकिशोर मुण्डा भन्छन्, "स्टक एक्सचेन्जको पूर्वाधार नै अति कमजोर भयो। १७ वर्षअघि -०५०) जे थियो त्यही छ, तात्त्विक भिन्नता छैन। एउटा कम्प्युटरबाटै १९३ कम्पनीको काम गर्नुपर्ने अवस्था छ।"
कारोबारमा हुने ढिलाइ र सेयर बजारको स्िथति देखेर विदेशबाट फर्किएका लगानीकर्ता निराश हुनुपर्ने अवस्था छ। कतिसम्म भने प्रमाणपत्रकै लागि करबि एक महिना कुर्नैपर्ने बाध्यता छ, जसका कारण आफ्नो लगानीमा समेत नाफा र घाटाको प्रक्षेपण गर्न असमर्थ छन् लगानीकर्ता। विश्लेषक भट्टराई भन्छन्, "नेपालको सेयर बजार व्यापारकि प्रकृतिको -ट्रेडिङ् स्टक एक्सचेन्ज) हुनुपर्नेमा लगानी -इन्भेस्टमेन्ट) गर्ने ठाउँ मात्र भएको छ, एकपल्ट लगानी गर्यो अनि वर्षौं कुर्यो प्रतिफलका लागि।" यस्तो अवस्थामा सुविधाका जस्तोसुकै ढोका खोलिदिए पनि विदेशका आधुनिक र सुविधासम्पन्न पुँजी बजारसँग साक्षात्कार भइसकेका नेपालीहरू आकषिर्त हुने सम्भावना अत्यन्त कम छ।
सेयरबजारको गिर्दो साख र लगानीकर्ताको निराशालाई लक्षित गर्दै पछिल्लो समय जोखिम न्यूनीकरण र विस्तारमा केही पहलहरू नभएका भने होइनन्। काठमाडौँबाहिरका छ सहरहरूबाट समेत सेयर करोबार सुरु भइसकेको छ। यो विस्तारले सेयर बजारमा राजधानीबाहिरका लगानीकर्ताहरूको पहुँच क्रमशः बढाउँदै लगे पनि अपेक्षित नतिजा हासिल हुन नसकेको सम्बन्धित अधिकारीहरू स्वीकार्छन्। स्टक एक्सचेन्जमा आगामी केही महिनाभित्र जडान गरनिे केन्द्रीय निक्षेप प्रणाली -सेन्ट्रल डिपोजिट सिस्टम अर्थात् सीडीएस)ले सेयरको हिसाबकिताब मिलानका साथै नामसारी सहज बन्न गई कारोबारलाई छरतिो बनाउने अपेक्षा गरएिको छ। कारोबार छरतिो बन्दा 'भोलिसम्मका लागि जोखिम मोलौँ' भन्ने लगानीकर्ताका लागि बजार सहज बन्नेछ। नेपाल स्टक एक्सचेन्ज -नेप्से) र नेपाल धितोपत्र बोर्ड -सेबोन)का पदाधिकारीहरू मात्र नभई सेयर दलालहरूसमेत सीडीएस प्रणालीले सेयर बजारमा सकारात्मक प्रभाव पार्नेमा आशावादी देखिन्छन्।
यद्यपि, अनलाइन अन्तरबैँकिङ् कारोबारको व्यवस्थाबिना सीडीएस जडान हुँदैमा सेयर बजारकै कायापलट हुन्छ भन्नु हावादारी बताउँछन् अध्यक्ष मुण्डा। अनलाइन भुक्तानीको व्यवस्था नहुँदा भुक्तानीका लागि बैँकमा लाइन लाग्नुपर्ने र लगानीकर्ता दलालकहाँ जानैपर्ने बाध्यता कायम रहने हुँदा कारोवारमा खासै तीव्रता नआउने मुण्डाको ठहर छ। भन्छन्, "उपभोग्य वस्तुको बजारमा जस्तो घरमै बसेर क्षणभरमै किन्ने र बेच्ने सुविधा नभएसम्म नयाँ लगानीकर्ता आकषिर्त हुनेवाला छैनन्।" नेप्सेका अध्यक्ष टंकप्रसाद पनेरु भने सीडीएस जडानपछि बजारमा चहलपहल स्वतः बढ्ने दाबी गर्छन् । तर, विश्लेषक भट्टराई भन्छन्, "मुलुकका समग्र आर्थिक परसिूचकहरू सकारात्मक र आशलाग्दो नभएसम्म प्रविधिले मात्र सेयर बजार उकालो लाग्नेवाला छैन।"
क्षेत्रगत हिसाबले बजारको अपेक्षाकृत विविधीकरण नहुँदा पनि लगानीकर्ताहरूको सेयर बजारप्रति खासै आकर्षण देखिँदैन। हाल सूचीकृत कम्पनीहरूमध्ये प्रायः सबै वित्तीय क्षेत्रसँग सम्बन्धित छन्। उत्पादनमूलक कम्पनीहरूको उपस्िथति नगन्य नै छ। जसका कारण वित्तीय कम्पनीहरूको भरमा मात्र टिकेको सेयर बजार दिगो हुँदैन भन्ने तर्कको पुष्टीकरण हुने सम्भावना बढ्दै गएको छ। सेयर विश्लेषक भट्टराई त नेपालको सेयर बजार तासको घरजस्तै भएको र जुनसुकै बेला धराशयी हुनसक्नेसम्मको तर्क गर्छन्।
हुनतः मुलुकको राजनीतिले निश्चित बाटो नलिँदासम्म वैदेशिक लगानी प्रवेश र उत्पादनमूलक क्षेत्रको विकास पनि सम्भव देखिँदैन। नेपालको आर्थिक विकासका लागि अपरहिार्य क्षेत्रका रूपमा चित्रण गरँिदै आएको जलविद्युत् क्षेत्रले गति लिने हो र जलविद्युत्सम्बन्धी कम्पनीहरूको पुँजी बजारमा प्रवेश सहज बनाइदिने हो भने सेयर बजारका लागि सुखद हुनसक्ने विश्लेषकहरू बताउँछन्। क्षेत्रगत हिसाबले सेयर बजारको विविधीकरण हुन नसकेको भन्ने तर्कसँग एक्सचेन्जका अध्यक्ष पनेरु पनि सहमत देखिन्छन्। भन्छन्, "यो आशंका हटाउन पनि सरकारले जलविद्युत्, दूरसञ्चार र अन्य उत्पादकमूलक क्षेत्रलाई पुँजीबजारमा प्रवेश गराउन बिमा र बैँकिङ् क्षेत्रलाई जस्तै बाध्यकारी व्यवस्था गर्न सकिन्छ।" बिमा र वाणिज्य बैँकहरूले सञ्चालन अनुमति पाएको दुई वर्षभित्र सर्वसाधारणका लागि साधारण सेयर जारी गर्नैपर्ने बाध्यकारी व्यवस्था गरएिको छ। तर, विविधीकरणका नाममा अनियन्त्रित, अपारदर्शी र अस्वस्थ कम्पनीहरूको प्रवेश थप जोखिमपूर्ण हुनेतर्फ सचेत रहनु आवश्यक हुने विश्लेषकहरूको भनाइ छ।
सेयर बजारको प्रकृति, कमी-कमजोरी, गुण र दोषसँग अवगत नहुनाले पनि सेयर बजार केही ओरालो लाग्दैमा लगानीकर्ताहरू निराश हुने गरेको पाइन्छ। उनीहरूलाई सेयर बजारका सम्बन्धमा जानकारी दिने र सुसूचित गर्ने मुख्य अभिभारा सरकार, धितोपत्र बोर्ड र स्टक एक्सचेन्जको भए पनि त्यसतर्फ यी निकायहरू त्यति गम्भीर देखिँदैनन्। अर्थविद् चिरञ्जीवी नेपाल पुँजी बजारप्रति राज्यको ढुलमुले नीति र जिम्मेवार निकायहरूको अदूरदर्शितालाई सेयर बजारको पछिल्लो अवस्थाको कारक ठान्छन्। भन्छन्, "सरकारी पक्षबाटै सेयर बजारलाई उपेक्षित ढंगले हेरनिु र प्रचारप्रसार शून्यबराबर भएकै कारण यो अवस्था सिर्जना भएको हो।"
तर, ढिलै भए पनि विभिन्न कारणले पाँच वर्षसम्म पनि दाबी नगरएिका कारण संकलन हुन गएको नगद लाभांशको एकमुष्ठ रकम करबि पाँच करोड रुपियाँलाई लगानीकर्ता सुरक्षित कोषमार्फत प्रचारप्रसार र अन्य जानकारीमूलक कार्यक्रमका लागि खर्च गर्ने योजना नेप्सेले बनाएको बताउँछन् अध्यक्ष पनेरु। तर, विश्लेषकहरू यस्ता प्रचारमूलक कार्यक्रमले खासै प्रभाव नपार्ने दाबी गर्छन्। त्यसो त पुँजी बजारको प्रगति र अधोगति दुवैमा लगानीकर्ताको मनोविज्ञानलाई पनि अति महत्त्वका साथ हेरन्िछ। डुब्नै लागेको कम्पनीमा पनि लगानीकर्ताले भरोसा देखाएमा त्यो कम्पनी कुनै पनि बेला उक्सिन सक्छ। सेयर विश्लेषक भट्टराई भन्छन्, "लगानीकर्ताले विश्वास देखाए भने ढल्नै लागेका कम्पनीहरू पनि रातारात उँभो लाग्न सक्छन् र देखाएनन् भने सफल र सबल भनिएका कम्पनी पनि क्षणभरमै धराशयी हुन बेर लाग्दैन ।"
Source: http://www.ekantipur.com/nepal/article/?id=1932
बैंकहरुले नयाँ कर्जा दिन छाडे
काठमाडौं, माघ २८- बैंक तथा वित्तीय संस्थाले पछिल्लो तीन सातादेखि कर्जा लगानी रोकेका छन्। बैंकमा रकम जम्मा हुनेभन्दा लगानी गर्ने क्रम बढेको (कर्जा–निक्षेप अनुपात) र बैंकसँग रकम पनि नभएपछि नयाँ कर्जा दिन रोकिएको हो।
'बैंकमा रकम जम्मा हुने क्रम बढ्न नसकेकाले नयाँ कर्जा दिन छाडिएको छ,' बैंकर्स संघका उपाध्यक्ष राजनसिंह भण्डारीले बिहीबार नागरिकसँग भने, 'थप पैसा नआउन्जेल बैंकले लगानी गर्न सक्ने अवस्था छैन।'
दसैंयता बैंकिङ क्षेत्रमा निक्षेप वृद्धि भएको छैन। तर, यसका तुलनामा लगानी बढेकाले कर्जा–निक्षेप अनुपात बढेको छ। यो अनुपातले गर्दा बैंकहरूले तीन सातादेखि कर्जा रोकेका हुन्। गभर्नर युवराज खतिवडाका अनुसार पछिल्लो समय वाणिज्य बैंकहरूको कर्जा–निक्षेप अनुपात ८५ प्रतिशतबाट बढेर ८९ प्रतिशत पुगेको छ। केन्द्रीय बैंकले यस्तो अनुपात ८० प्रतिशतभन्दा बढी हुन नहुने व्यवस्था गरेको छ।
बैंकरका अनुसार दसैंदेखि नै कर्जा दिन कम गरिएको हो। पछिल्लो समयमा अनुपात वढेको र निक्षेप कतैबाट पनि वृद्धि हुन नसकेकाले नयाँ लगानी रोक्नुपरेको हो। 'सुस्त सरकारी खर्च र शोधनान्तर घाटा बढेकाले तरलता अभाव भएको छ,' बैंक अफ एसिया नेपालका प्रमुख कार्यकारी अधिकृत पर्शुराम कुँवर क्षेत्रीले नागरिकसँग भने, 'निक्षेप नबढ्ने र दसैंयता थोरै भए पनि लगानी विस्तार भएर कर्जा–निक्षेप अनुपात बढ्दा नयाँ लगानी गर्न सकिने अवस्था छैन।' बैंकहरूले हालसम्म ५ खर्ब ६ अर्ब रुपैयाँ कर्जा लगानी गरेका छन्। जुन तीन सातादेखि स्थिर छ।
बैंकहरूसँग अहिले ६ खर्ब २९ अर्ब रुपैयाँ निक्षेप छ। गत वर्ष यो अवधिमा निक्षेप ५ खर्ब ८६ अर्ब रुपैयाँ थियो। कर्जा ४ खर्ब ६३ अर्ब रुपैयाँ थियो। 'पुस मसान्तसम्म निक्षेपको वृद्धिभन्दा कर्जाको वृद्धि धेरै भएको छ,' भण्डारीले भने, 'यसले बैंकको कर्जा–निक्षेप अनुपात बढायो।'
बैंकरका अनुसार आर्थिक वर्ष २०६५/६६ मा कर्जाको वृद्धिदर ३३ प्रतिशत थियो। गत वर्ष वृद्धिदर १६ प्रतिशतमा झरेको थियो। गत वर्षको पहिलो छ महिनाको अवधिमा वृद्धि दर १५ प्रतिशत थियो। चालु वर्षको पहिलो छ महिनामा यो वृद्धि दर घटेर ९ प्रतिशतमा सीमित भएको छ।
कर्जा लगानी नहुँदा यसले अर्थतन्त्रको वृद्धिमा असर पर्छ। गत आर्थिक वर्षमा पनि दोस्रो त्रैमासिकपछि बैंकहरूले कर्जा लगानी बन्द गरेका थिए। यसले आर्थिक वृद्धिमा असर परेको थियो। 'कर्जा लगानी हुन नसक्दा बैंकको नाफासँगै उत्पादन र रोजगारीसमेत प्रभावित हुन्छ,' क्षेत्रीले भने, 'उत्पादनमा कमी आएपछि आयात बढाएर शोधनान्तर घाटा थप बढाउन सहयोग गर्छ।'
क्षेत्रीका अनुसार सरकारी खर्च बढ्न थाले मात्र बैंक लगानी विस्तार हुन्छ। उनले सरकारी खर्चको प्रभावले बैंक निक्षेपमा सुधार आएर कर्जा–निक्षेप अनुपात घटेर बैंकलाई लगानीका लागि सहज हुन्छ। अर्थ मन्त्रालयका अनुसार अहिले सरकारी खातामा २८ अर्ब रुपैयाँ बचत छ। शोधनान्तर घाटा पनि ५ अर्ब ३ करोड रुपैयाँ छ। गत वर्षको तुलनामा पुससम्ममा पुँजीगत खर्चसमेत १० प्रतिशतले घटेको छ। गत वर्ष यो अवधिमा पुँजीगत खर्च १४ अर्ब ५३ करोड भएको थियो।
बैंकरका अनुसार १० लाखभन्दा बढीको बैंक निक्षेपमा स्रोत खोल्नुपर्ने व्यवस्थाले समेत निक्षेप बढ्न नसकेको हो। '१० लाखको स्रोत खोल्नुपर्ने व्यवस्था गर्नुको पछाडि सरकारको आफ्नै वाध्यता होला,' लुम्बिनी बैंकका प्रमुख कार्यकारी अधिकृत शोभनदेव पन्तले बिहीबार नागरिकसँग भने, 'स्रोत खोल्ने व्यवस्थाले सर्वसाधारणमा डरको भावना उत्पन्न भएकाले निक्षेप आउन सकेको छैन।
Source: सुदर्शन सापकोटा,http://news.nagariknews.com/economy/banking-money/23235-2011-02-11-06-53-54.html
'बैंकमा रकम जम्मा हुने क्रम बढ्न नसकेकाले नयाँ कर्जा दिन छाडिएको छ,' बैंकर्स संघका उपाध्यक्ष राजनसिंह भण्डारीले बिहीबार नागरिकसँग भने, 'थप पैसा नआउन्जेल बैंकले लगानी गर्न सक्ने अवस्था छैन।'
दसैंयता बैंकिङ क्षेत्रमा निक्षेप वृद्धि भएको छैन। तर, यसका तुलनामा लगानी बढेकाले कर्जा–निक्षेप अनुपात बढेको छ। यो अनुपातले गर्दा बैंकहरूले तीन सातादेखि कर्जा रोकेका हुन्। गभर्नर युवराज खतिवडाका अनुसार पछिल्लो समय वाणिज्य बैंकहरूको कर्जा–निक्षेप अनुपात ८५ प्रतिशतबाट बढेर ८९ प्रतिशत पुगेको छ। केन्द्रीय बैंकले यस्तो अनुपात ८० प्रतिशतभन्दा बढी हुन नहुने व्यवस्था गरेको छ।
बैंकरका अनुसार दसैंदेखि नै कर्जा दिन कम गरिएको हो। पछिल्लो समयमा अनुपात वढेको र निक्षेप कतैबाट पनि वृद्धि हुन नसकेकाले नयाँ लगानी रोक्नुपरेको हो। 'सुस्त सरकारी खर्च र शोधनान्तर घाटा बढेकाले तरलता अभाव भएको छ,' बैंक अफ एसिया नेपालका प्रमुख कार्यकारी अधिकृत पर्शुराम कुँवर क्षेत्रीले नागरिकसँग भने, 'निक्षेप नबढ्ने र दसैंयता थोरै भए पनि लगानी विस्तार भएर कर्जा–निक्षेप अनुपात बढ्दा नयाँ लगानी गर्न सकिने अवस्था छैन।' बैंकहरूले हालसम्म ५ खर्ब ६ अर्ब रुपैयाँ कर्जा लगानी गरेका छन्। जुन तीन सातादेखि स्थिर छ।
बैंकहरूसँग अहिले ६ खर्ब २९ अर्ब रुपैयाँ निक्षेप छ। गत वर्ष यो अवधिमा निक्षेप ५ खर्ब ८६ अर्ब रुपैयाँ थियो। कर्जा ४ खर्ब ६३ अर्ब रुपैयाँ थियो। 'पुस मसान्तसम्म निक्षेपको वृद्धिभन्दा कर्जाको वृद्धि धेरै भएको छ,' भण्डारीले भने, 'यसले बैंकको कर्जा–निक्षेप अनुपात बढायो।'
बैंकरका अनुसार आर्थिक वर्ष २०६५/६६ मा कर्जाको वृद्धिदर ३३ प्रतिशत थियो। गत वर्ष वृद्धिदर १६ प्रतिशतमा झरेको थियो। गत वर्षको पहिलो छ महिनाको अवधिमा वृद्धि दर १५ प्रतिशत थियो। चालु वर्षको पहिलो छ महिनामा यो वृद्धि दर घटेर ९ प्रतिशतमा सीमित भएको छ।
कर्जा लगानी नहुँदा यसले अर्थतन्त्रको वृद्धिमा असर पर्छ। गत आर्थिक वर्षमा पनि दोस्रो त्रैमासिकपछि बैंकहरूले कर्जा लगानी बन्द गरेका थिए। यसले आर्थिक वृद्धिमा असर परेको थियो। 'कर्जा लगानी हुन नसक्दा बैंकको नाफासँगै उत्पादन र रोजगारीसमेत प्रभावित हुन्छ,' क्षेत्रीले भने, 'उत्पादनमा कमी आएपछि आयात बढाएर शोधनान्तर घाटा थप बढाउन सहयोग गर्छ।'
क्षेत्रीका अनुसार सरकारी खर्च बढ्न थाले मात्र बैंक लगानी विस्तार हुन्छ। उनले सरकारी खर्चको प्रभावले बैंक निक्षेपमा सुधार आएर कर्जा–निक्षेप अनुपात घटेर बैंकलाई लगानीका लागि सहज हुन्छ। अर्थ मन्त्रालयका अनुसार अहिले सरकारी खातामा २८ अर्ब रुपैयाँ बचत छ। शोधनान्तर घाटा पनि ५ अर्ब ३ करोड रुपैयाँ छ। गत वर्षको तुलनामा पुससम्ममा पुँजीगत खर्चसमेत १० प्रतिशतले घटेको छ। गत वर्ष यो अवधिमा पुँजीगत खर्च १४ अर्ब ५३ करोड भएको थियो।
बैंकरका अनुसार १० लाखभन्दा बढीको बैंक निक्षेपमा स्रोत खोल्नुपर्ने व्यवस्थाले समेत निक्षेप बढ्न नसकेको हो। '१० लाखको स्रोत खोल्नुपर्ने व्यवस्था गर्नुको पछाडि सरकारको आफ्नै वाध्यता होला,' लुम्बिनी बैंकका प्रमुख कार्यकारी अधिकृत शोभनदेव पन्तले बिहीबार नागरिकसँग भने, 'स्रोत खोल्ने व्यवस्थाले सर्वसाधारणमा डरको भावना उत्पन्न भएकाले निक्षेप आउन सकेको छैन।
Source: सुदर्शन सापकोटा,http://news.nagariknews.com/economy/banking-money/23235-2011-02-11-06-53-54.html
Team studying Nepal Bangladesh (NB) Bank, Nepal Credit and Commerce (NCC) Bank merger
KATHMANDU, Feb 13: NB Group has initiated a study to merge Nepal Bangladesh (NB) Bank and Nepal Credit and Commerce (NCC) Bank, the two commercial banks that the group promoted.
“A taskforce formed under the leadership of our Chairman Prithvi Raj Ligal is studying how the merger can be accomplished and where the bank will stand following the merger,” Ratna Raj Bajracharya, chief executive of NCC Bank, said.
The taskforce is yet to finalize its report.
The group took the initiative for the merger mainly considering present market conditions, the position of both banks in the market and also the incentives promised by the government and the central bank for facilitating mergers.
Both NB Bank and NCC Bank have been slow performers with their financials in the red at different intervals, and experts attribute this to undue interference and anomalies on the part of the promoters.
“Instead of competing with each other, it is better that the two banks be merged. It will instantly enhance our capacity, assets base and branch network, enabling us to become more competitive in the market,” said Bajracharya.
Recently, the group had managed to get final nod from the regulator -- Nepal Rastra Bank -- for the merger of Nepal Sri Lanka Merchant Bank (NSLMB), another financial institution promoted by the group, into NB Bank.
Interestingly, the financial health of all three banks and financial institutions promoted by the group had turned bad at different intervals, and this, according to NRB, was due to irregularities by bank promoters themselves.
While NSLMB is still in bad financial shape and is facing difficulty paying back depositors even after the maturity of their accounts, NB Bank was also declared a troubled bank by the central bank, which took over its management in 2007.
It was only in mid-January, 2010 that the central bank released its control and handed over the management to a newly elected board of directors.
NCC Bank had also nearly faced intervention by the central bank. However, this was avoided after promoters withdrew from the board and handed over management to Bajracharya, promising not to intervene in bank operations.
Since then, the bank´s net worth has turned around from a negative net worth of Rs 510 million to a positive net worth of Rs 1.61 billion. Its non-performing assets have dropped from 31.7 percent to 3.69 percent.
Currently, NCC Bank is operating with 17 branches. NB Bank has a similar number of branches.
Published on 2011-02-13 04:00:27
Source: MILAN MANI SHARMA ,http://www.myrepublica.com/portal/index.php?action=news_details&news_id=28198
“A taskforce formed under the leadership of our Chairman Prithvi Raj Ligal is studying how the merger can be accomplished and where the bank will stand following the merger,” Ratna Raj Bajracharya, chief executive of NCC Bank, said.
The taskforce is yet to finalize its report.
The group took the initiative for the merger mainly considering present market conditions, the position of both banks in the market and also the incentives promised by the government and the central bank for facilitating mergers.
Both NB Bank and NCC Bank have been slow performers with their financials in the red at different intervals, and experts attribute this to undue interference and anomalies on the part of the promoters.
“Instead of competing with each other, it is better that the two banks be merged. It will instantly enhance our capacity, assets base and branch network, enabling us to become more competitive in the market,” said Bajracharya.
Recently, the group had managed to get final nod from the regulator -- Nepal Rastra Bank -- for the merger of Nepal Sri Lanka Merchant Bank (NSLMB), another financial institution promoted by the group, into NB Bank.
Interestingly, the financial health of all three banks and financial institutions promoted by the group had turned bad at different intervals, and this, according to NRB, was due to irregularities by bank promoters themselves.
While NSLMB is still in bad financial shape and is facing difficulty paying back depositors even after the maturity of their accounts, NB Bank was also declared a troubled bank by the central bank, which took over its management in 2007.
It was only in mid-January, 2010 that the central bank released its control and handed over the management to a newly elected board of directors.
NCC Bank had also nearly faced intervention by the central bank. However, this was avoided after promoters withdrew from the board and handed over management to Bajracharya, promising not to intervene in bank operations.
Since then, the bank´s net worth has turned around from a negative net worth of Rs 510 million to a positive net worth of Rs 1.61 billion. Its non-performing assets have dropped from 31.7 percent to 3.69 percent.
Currently, NCC Bank is operating with 17 branches. NB Bank has a similar number of branches.
Published on 2011-02-13 04:00:27
Source: MILAN MANI SHARMA ,http://www.myrepublica.com/portal/index.php?action=news_details&news_id=28198
Citizens Investment Trust (CIT) to double paid-up capital to Rs 250m
KATHMANDU, FEB 13 -
The Finance Ministry has approved a budget of Rs 12.5 million to be invested in the Citizens Investment Trust (CIT) to increase its paid-up capital to Rs 250 million.
The government has a 10 percent stake in the CIT with Rastriya Beema Sansthan holding 26 percent, Nepal Rastra Bank 13 percent, the Nepal Stock Exchange 10 percent and the public 20 percent of its shares.
The CIT gives options to people for their savings and benefits them by investing their savings in the capital market and other businesses. The CIT aims to increase its paid-up capital to Rs 250 million from Rs 125 million. It is planning to issue rights shares on the basis of 1:1 ratio within the current fiscal year to increase the capital.
“Given an increase in our business, we are in greater need of increasing our paid-up capital which paves the way for further business,” said CIT executive director Rishiram Gautam.
The CIT may have to increase its paid-up capital to Rs 500 million to continue its mutual fund type Citizens Unit Scheme because the newly brought mutual fund regulation has provisioned that a mutual fund should have a paid-up capital of Rs 500 million. “This is another reason that we are set to increase our paid-up capital,” said Gautam.
The CIT’s activities related to the capital market are governed by the Securities Board of Nepal. It has been mobilising financial resources of around Rs 22 billon currently. Of that amount, it has deposited more than Rs 9 billion in commercial banks, Rs 3 billion in finance companies and Rs 2.5 billion in development banks. It has invested Rs 1.62 billion in government bonds, it has issued credit worth Rs 3.22 billion to its members, and put Rs 2 billion in debentures and Rs 650 million in term loans.
Currently, it is also planning to diversity its investments in the infrastructure sector including hydropower, housing and road projects.
Posted on: 2011-02-13 08:47
Source: http://www.ekantipur.com/2011/02/13/business/cit-to-double-paid-up-capital-to-rs-250m/329539.html
The Finance Ministry has approved a budget of Rs 12.5 million to be invested in the Citizens Investment Trust (CIT) to increase its paid-up capital to Rs 250 million.
The government has a 10 percent stake in the CIT with Rastriya Beema Sansthan holding 26 percent, Nepal Rastra Bank 13 percent, the Nepal Stock Exchange 10 percent and the public 20 percent of its shares.
The CIT gives options to people for their savings and benefits them by investing their savings in the capital market and other businesses. The CIT aims to increase its paid-up capital to Rs 250 million from Rs 125 million. It is planning to issue rights shares on the basis of 1:1 ratio within the current fiscal year to increase the capital.
“Given an increase in our business, we are in greater need of increasing our paid-up capital which paves the way for further business,” said CIT executive director Rishiram Gautam.
The CIT may have to increase its paid-up capital to Rs 500 million to continue its mutual fund type Citizens Unit Scheme because the newly brought mutual fund regulation has provisioned that a mutual fund should have a paid-up capital of Rs 500 million. “This is another reason that we are set to increase our paid-up capital,” said Gautam.
The CIT’s activities related to the capital market are governed by the Securities Board of Nepal. It has been mobilising financial resources of around Rs 22 billon currently. Of that amount, it has deposited more than Rs 9 billion in commercial banks, Rs 3 billion in finance companies and Rs 2.5 billion in development banks. It has invested Rs 1.62 billion in government bonds, it has issued credit worth Rs 3.22 billion to its members, and put Rs 2 billion in debentures and Rs 650 million in term loans.
Currently, it is also planning to diversity its investments in the infrastructure sector including hydropower, housing and road projects.
Posted on: 2011-02-13 08:47
Source: http://www.ekantipur.com/2011/02/13/business/cit-to-double-paid-up-capital-to-rs-250m/329539.html
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