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Public deposit should be secured: Governor Nepal

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KATHMANDU — Nepal Rastra Bank (NRB) governor Dr Chiranjibi Nepal has said that the NRB was committed to ensurE the security of public deposits in Banks and financial institutions.

While inaugurating an integrated transaction after the merger between Mega Bank and Tourism Development Bank here in the capital today, governor Nepal said that there was 10 percent of promoters’ amount while 90 percent of public in the banks therefore, public deposit will be made secured.

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He also said that the promoters should not misuse public’s deposit after exerting pressures to the management. “As a regulatory body the NRB ensures security to public deposit’, he said.

Similarly, National Planning Commission (NPC) Vice Chair and Tourism Development Bank management committee chair Prof Dr Pushpa Kandel said that the problem might be seen while releasing the loan in the interest of management committee.
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Economy

NEPSE stabilises

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KATHMANDU- The Nepal Stock Exchange (Nepse) index has stabilised to some extent as compared to the first trading day on Sunday when it suffered a sharp dip.

The NEPSE index increased 0.9 points to close at 1131.73. Likewise, the sensitive index, which measures the performance of group ‘A’ stocks has also risen 0.06 points.

Over 2 million shares of a total of 156 companies were traded at more than Rs 637 million. Of the total 11 subgroups, four made gains, and the rest seven declined.

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Development bank surged 4.7 points, while non-life insurance 92.1 points, life-insurance 13.57 points and others 0.43 points.

But, banking dipped 0.27 points, while trade 1.18 points, hotel 2.04 points, hydropower 2.17 points, finance 1.82 points, production 9.21 points and microfinance 8.31 points.

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