Stock Market News (2065/10/23 to 26))

• Gaidakot Development Bank published AGM notice, Date: 2065/11/17, Place: Hoteleyeland, Bharatpur, Time: 10am, Agenda: Annual report, Amendment of memorandum of article.
• Yakanyati Hotel published AGM notice, Date: 2065/11/19, Book Close: 2065/10/26, Place: Company Register Office, Laldarbar, Darbarmarg, Aggenda: Annual report, Amendment of memorandum of article.
• Bageshwori Development Bank closes its 2:1 right share issue from 2065/10/26.
• Bank Of Asia started to issue 30 lakhs kitta public share from 2065/10/27.
• Citizen International Bank started to issue 30 lakhs kitta public share from 2065/10/26.

How transparent are our financial institutions

Study reveals a yawning gap in profit and loss ratio in the non-audited and audited reports:
Going by the popular perception, financial institutions dominate the domestic secondary market because they are considered more transparent than any other.That’s precisely why investors swear by them. However, not before checking the non-audited reports of the institutions, as they are published ahead of the annual general meetings.But that’s where the cookie crumbles. There is a huge difference between non-audited reports as opposed to theaudited ones, which are usually published after almostsix months.For instance, there is a significant 33.49 per cent gap in the non-audited and audited accounts of a bank, as evident in the fourth quarterly report of fiscal year 2007-08. The anomaly lies in the net profit.“As per the non-audited report, the bank in question posted a profit of Rs 1,27.824 million. But, the audited document reveals that it has raked only Rs 85.016 million in profit during the year. The difference is a staggering 33.49 per cent,” stated a recent report, compiled by Securities Research Centre and Services (SRCS).Radhesh Pant, president, Nepal Bankers’ Association (NBA), attributed the deviation to the fundamentals of loan-loss provision.“At times, a bank may think that loan is either good or entails a medium risk. But, Nepal Rashtra Bank, the regulatory authority, may think otherwise. That leads to the gaping holes in the profit sheet,” reasoned Pant.Of the 25 commercial banks, the SRCS has compared the non-audited and audited reports of 19 commercial banks.According to the NRB’s directives, all financial institutions — commercial banks, development banks, finance companies and others — are obliged to publish their non-audited balance sheet immediately after the end of the fiscal. The move aims to maintain transparency in the financial sector, which, in turn, boosts investors’ confidence.Buoyed by the data, an investor decides to buy or sale shares of the institution since the audited report takes a far longer time to be made public.Commercial banks — the secondary market propeller — follow NRB’s directives,albeit, notionally. Usually,the cat is out of the bag bythe end of fourth quarter and audited report.Consider this: A report suggests that one of the commercial banks, which is preparing to float Initial Public Offer (IPO), has posted loss in its non-audited report. But, the audited one, the quantum of loss has multiplied manifold.“The bank has shown a loss of Rs 135.72 million in itsnon-audited report. But in the audited one, the loss has climbed up to a whoppingRs 272.08 million. The variation stood at 100.47 per cent,” added the report.All, however, are not guilty of cooking the book.Reputed ones like Standard Chartered Bank Nepal, Everest Bank and Citizens Bank International have a nominal difference in their non-audited and audited reports. In fact, records reveal that their net profit has increased and gone up in the audited report.Standard Chartered Bank Nepal’s net profit rose by Rs 45.52 million. Similarly, Everest Bank’s net profit increased by Rs 10.95 million.
Kuber Chalise (THT)

Stock Market News (2065/10/21)

Nepal Bikas Bank started to issue 1:1 right share from 2065/11/8.
Nepse has decreased by 20.32 points on 2065/10/20 as compared to previous day.

Stock market news (2065/10/20)

• Butwal finance started to distribute 18.75% bonus share certificate from 2065/10/20.
• Samjhana Finance started to issue 1:1.25 right share from 2065/10/20.
• Unique Financial Institution starts to issue 1:1 right share.
• Nepal Rastrya Bank suspended to distribute 25% bonus share for Nepal SBI Bank.
• Life Insurance Corporation (LIC) announced to distribute 15 % bonus share .
• Nepse has decreased by 20.32 points on 2065/10/19 as compared to previous day.

Stock Market News(2065/10/17 to 19))

• Nepal Investment Bank start to issue 2:1 right share from 2065/11/6.
  Kaski Finance published AGM notice, Date:2065/11/10, Book Close:2065/10/24, Place: Hotel Fewa Prince, Pokhara, Time:9am, Agenda:Annual report, 1:2 right share, Amendment of memorandum of article.
  People`s Finance closes its right shares issue on 2065/10/17.
  Pokhara Finance extended right share issue to 2065/11/2.
  Nepal Bikas Bank book closes for 1:1 right share issue on 2065/10/28.

Stock Market News (2065/10/14)

• Nepse has increased by 29.17 points on 2065/10/13 as compared to previous day.
• Nepal Life insurance announced to distribute 4:1 right share.

Stock Market News (2065/10/13)

• Birjung Finance started to distribute 17.5 % bonus share certificate from 2065/10/17.
• Diyalo Bikas Bank published AGM notice, Date:2065/11/10, Place:Club Himalayan, Nagarkot, Time:10am, Agenda:Annual report, Amendment of memorandum of article.
• Far Western Development published AGM notice, Date:2065/11/10, Place:Central office, Dhangadi, Time:8am, Agenda: Annual report.
• Pashupati Development Bank started to distribute share certificate from 2065/10/13.
• Guyeshwori Merchant Banking and Finance distribute certificate of 10% bonus share of 2062/63 and 12 % bonus share of 2063/64.
• Nepse has increased by 6.69 points on 2065/10/12 as compared to previous day.

Rabindra Bhattarai with Rewat Bdr Karki

SRCS Chairman Rabindra Bhattarai with former Nepse GM Rewat Bdr Karki.

Investors Club

Former GM of Nepal Stock Exchange, Mr. Rewat Bdr Karki discussing about recent movement of stock market with investors club members and economic journalists at SRCS training hall.in the program he said taht NRB and government are in a mood to finish the Nepalese stock market.

• Nepal Express finance published published AGM notice. Date: 2065/10/27, Book close:2065/10/13, Place:Hotel arkid, Tripureshwor, Ktm, Time:10am, Agenda:Annual report, Right share, Amendment of memorandum of article.
  Butwal Power Company started to distribute 30% cash dividend from 2065/10/8.
  
• Kathmandu Finance published AGM notice. Date: 2065/10/29, Book close: 2065/10/13, Place:Rastriya Sabhagriha, Ktm, Time:11am, Agenda: Annual report, 3:1 right share, Amendment of memorandum of article.
• People`s Finance published AGM notice. Date:2065/11/14, Book Close:2065/10/22, Place:Staff College, Jawalakhel, Time:11am, Agenda: Annual report, 20% bonus share, 1:2 right share, Amendment of memorandum of article.
• Mahalaxmi Finance started to distribute 20% bonus share certificate from 2065/10/8.
• laxmi Bank listed 3 lakh 50 thousand kitta debenture on 2065/10/5 at Nepal Stock Exchange.
• Srijana Finance published AGM notice. Date:2065/10/25, Place:Udhyog Banijya Mahasang,Rajbiraj, Time:11am, Agenda:Annual report.
• kuber Merchant Bittiya Sanstha published AGM notice. Date:2065/10/24, Book close:2065/10/10, Place:Russi Science and Culture Center, Kamalpokhari, Time:10:30am, Agenda: Annual report, Right share, Amendment of memorandum of article.
• Solti Hotel started to distribute 11.05 % cash dividend from 2065/10/6.

SRCS Investors Club

Mr. Mao Rai, newly elected director of Sagarmatha Merchant Banking and Finance Ltd and SRCS ex-student discussing with SRCS investors club members.

SRCS Investors Club

Investors in SRCS Investors Club discused with the newly elected director of Sagarmatha Merchant Banking and Finance Limited and he is the ex-student of SRCS. SRCS family and all the students in SRCS congratulates him and wishes him a successful tenure.

Stock market news (2065/10/2)

• Guyeshwori Merchant Banking and Finance listed its right share at Nepal Stock Exchange.
• Siddhartha Bank started to distribute ''Bond 2072'' certificate from 2065/10/2.
• Prabhu Finance announced to issue 2:1 right share .
• Nepal Stock Exchange suspended trading of Infrastructure D evlopment Bank for not presenting the clear report for right share issue.
• Guyeshwori Merchant Banking and Finance announced to distribute 18% bonus share from 2064/65 profits.
• Fewa Finance announced to distribute 30% bonus share from 2064/65 profit.
• Sagarmatha Merchant Banking and Finance announced to issue 1:1.5 right share.
• Lumbini Finance announced to distribute 33% bonus share from 2064/65 profit.
• Nepal Finance announced to distribute 50 % bonus share from 2064/65 profit.

Stock Market News (2065/9/29)

• Nepse has decreased by 3.62 points on 2065/9/28 as compared to previous day.
• Business Development Bank published AGM notice. Date: 2065/10/24, Book close: 2065/10/10, Place: Hotel Pokharagrand, Birauta, Pokhara, Time:9am, Agenda: Annual report, 1:2.1 right share, Amendment of memorandum of article.
• Lord Buddha Financial Institution published AGM notice, Date;2065/10/29, Book Close:2065/10/12, Place: Marwadi Sewasadan, Newroad, Ktm, Time:11am, Agenda: Annual report, Amendment of memorandum of article.
• Srilanka Merchant Banking and Finance closes 1:2 right issue from 2065/9/29.
• Bageshwori extended its right share issue upto 2065/10/25.
• Siddhartha Finance started to distribute bonus share certificate from 2065/10/3.

Stock Market News(2065/(9/28)

SRCS to start Stock market basic training from 2065/10/2(thursday), time:11am to 1pm.

• Himalayan Bank started to distribute 20% bonus share certificate from 2065/9/25.
• Patan Finance published AGM notice. Date:2065/10/15, Place: Staff College, Jawalakhel, Time: 11am, Agenda: Annual report, Amendment of memorandum of article.
• Machhapuchre announced to distribute 12.5 % bonus share.
• Srijana Finance closes 1:1 right share issue from 2065/9/28.
• Gorkha Bikas Bank announced to issue 25 % right share .
• Sahayogi Bikas Bank announced to distribute 20 % bonus share from 2064/65 profit.
• Nirdhan Utthan Bank started to distribute 26.70 percent bonus share certificate from 2065/9/28.
• Nepal Development and Employment Promotion Bank announced to issue 2:1 right share.
• Nepse has increased by 0.02 points on 2065/9/27 as compared to previous day.
• Government has appointed Mr. Shanker Man Singh in the post of General Manager of NEPSE.

Stock market training and news

• Stock market training: SRCS is going to start a new group of stock market basic training from 2065-9-28 (Monday). Time: 1 pm to 3 pm
• Nepal Bngaladesh Bank closes its 1:1.5 right issue from 2065-9-28 .

Stock Market News(2065/(9/22)

• Kaski Finance appointed Elite Capital for its share register.
• Nepse decreased by 5.24 points on 2065/9/21 as compared to previous day.
• Siddhartha Bank announced to distribute 15 % bonus share and 2:1 right share .

Stock Market News(2065/(9/21)

• Nepse increased by 2.4 points on 2065/9/20 as compared to previous day.


• Butwal Power Company announced to distribute 30 % bonus share from 2064/65 profit.


• Nepal Srilanka Merchant and Banking Finance extended right share issue date to 2065/9/29.

Stock Market News(2065/(9/18 to 20)

• Alpine Development Bank published AGM notice.Date:2065/10/11, Place: Hetuada, Time:1:30pm, Agenda:Annual report, 1:1 right share, Amendment of memorandum of article.
• Nepal Awas Bikas Bitta Company listed its right shares on 2065/8/16 at Nepal Stock Exchange.
• Kaski Finance listed its shares at Nepal Stock Exchange.
• People's Finance extended right share issue date to 2065/10/17.
• Global Bank started to distribute share certificate from 2065/9/20.
• Mahalaxmi Finance announced to distribute 10% cash dividend .
• Nepal Development and Employment Promotion Bank published AGM notice. Date: 2065/9/27, Book Close: 2065/9/14, Place: Rastriya Nacchaghar, Jamal, Ktm, Time:10am, Agenda: Annual report, Amendment of memorandum of article.

Stock Market News(2065/(9/17)

SRCS is going to start Stock Market basic training from 2065/9/18.

• Swabalamban Bikas Bank book closed for 1:1 right share from2065/9/17.


• Kaski Finance listed its share's on 2065/9/16 at Stock Exchange.


• Nepse decreased by 5.07 points on 2065/9/16 as compared to previous day.


• laxmi Bank started to distribute debenture certificate from 2065/9/17.