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.

Stock Market News(2065/(9/16)

• Om Finance published AGM notice. Date: 2065/9/29, Place: Pokharagrand, Gharipatan, Pardi, Pokhara, Time: 3pm, Agenda: Annual report, 1:1 right share, 30% bonus share, 5% cash dividend, Amendment of memorandum of article.

Stock Market News(2065/(9/15)

• Nepse increased by 2.12 points on 2065/9/14 as compared to previous day.
• Goverment has issued Development bond '' 2071'' and Citizen Saving certificate ''2070'' on 2065/9/14.
• Applicants for the post of General manager in the stock exchange are Rewat Bahadur Karki, Parmod Kumar Bhattarai, Rohini Pradhan, Shankerman Singh and Surendra Kumar Poudel are short listed for interview on 2065/9/18 at 11am.

Stock Market News(2065/(9/14)

SRCS to starts Share Market Basic training from 2065/9/18.

• Annapurna Finance published AGM notice. Date:2065/9/29, Book Close :2065/9/21, Place:Hotel Pokhara Grand Birauta, Pokhara, Agenda:Annual report, 30% bonus share, 1:1.6 right share.


• Neko Insurance started to distribute right share certificate from 2065/9/14.


• Subeccha Bikas Bank listed share's on 2065/9/13.


• Nepse decreased by 6.01 points in 2065/9/13 as compared to previous day.

Stock Market News(2065/(9/13)

SRCS has brought Share Investment Managment Software(SIMS).So Hurry up! For easy way of managing investment.

• Api Finance published AGM notice. Date:2065/9/25, Place:Hotel New Dipsikha , Mahendrapool, Pokhara, Time:1pm, Agenda:Memorandum of article.
  
• Om Finance started to distribute right share's certificate from 2065/9/13.
• United Finance announced to distribute 10% bonus share.
• Bhirkuti Bikas Bank announced to distribute 20% bonus share and 1:2 right share .
• Nepal S.B.I Bank announced to distribute 25% bonus share and 2:1 right share.

Stock Market Software

Manage your investment in easy way.

Stock Market Software

• SRCS has developed a new software for individual investment management .
• Features: daily overall portfolio values, daily profit and loss, total investment values, required price for desired profit, zero investment and profit, trend analysis etc.
• For detail contact SRCS, 977-014251880, 016223072

Stock Market News(2065/(9/10)

• Nepse has decreased by 3.36 points on 2065/9/9 as compared to previous day.
• Narayani Finance has announced to distribute 33 % cash divdend.
• Kist Merchant Banking and Finance listed 1 crore 20 Lakh kitta right share's on 2065/9/9 .After listing the company to suspend trading from 2065/9/16 after the trading of 2065/9/14 for the agreemental criteria to become Commercial Bank.
• Nepse to start online trading from 1st week of Magh.

Stock Market News(2065/9/9)

• SRCS to start Stock Market Basic training from 2065/9/9.
  



• Imperial Finance published AGM notice. Date:2065/10/3, Place:Nepal Prasasanik Prasichhyand Pratisthan, Jawalakhel,Lalitpur, Time:11am, Agenda:Annual report, Right share,Bonus share.



• Nepal Finance published AGM notice.Date:2065/9/29, Book Close:2065/9/17, Place:Russian Cuture Center, Kamalpokhari, Ktm, Time:10am, Agenda: Annual report, 2.63% cash dividend, 50% bonus share, Amendment of memorandum of article.



• Goodwill Finance to distribute bonus share certificate from 2065/9/11.



• Gandaki Bikas Bank started to distribute right share certificate from 2065/9/9.



• National Life Insurance Company started to distribute bonus share certificate of 2062/63 and 2063/64 through headoffice, Narayanchaur, Naxsal.



• Nepse has increased by 0.21 points on 2065/9/8 according to previous day.

Stock Market News(2065/9/8)

• World Merchant Banking and Finance published AGM notice. Date:2065/9/29, Book Close: 2065/9/14, Place:Hetauda Resort Pvt.Ltd, Makwanpur, Time:11am, Agenda:Annual report, 20% bonus share, 1:1 right share, Amendment of memorandum of article.


• Nepse has decreased by 6.48 points on 2065/9/7 according to previous day.


• National Finance published AGM notice. Date:2065/9/28, Book Close: 2065/9/15, Place:Hotel Shanker, Lazimpat, Ktm, Time:11am, Agenda: Annual report, 15% cash dividend, Amendment of memorandum of article.


• Public Development Bank published AGM notice. Date:2065/9/28, Place:Hotel Makalu, Birjung, Time:3pm, Agenda: Annual report, Amendment of memorandum of article.


• Prabhu Finance published AGM notice. Date:2065/9/29, Book Close: 2065/9/16, Place:Head Office, Prabhu Complex, Lainchaur, Ktm, Time:12pm, Agenda: Annual report, 5.26% cash dividend, 2:1 right share, Amendment of memorandum of article.


• Rara Bikas Bank published AGM notice. Date:2065/9/28, Place:Hotel Annapurna, Time:10am, Agenda: Annual report, Amendment of memorandum of article.


• Lumbini Finance and Leasing Company published AGM notice. Date:2065/9/29, Book Close: 2065/9/14, Place:Hotel Mountain,Kantipath,Ktm, Time:11am, Agenda: Annual report, 33.33% bonus share, Amendment of memorandum of article.


• Ghuyeshwori Merchant Banking and Finance published AGM notice. Date:2065/9/29, Book Close: 2065/9/22, Place:Ashok Palace, Patandhoka, Lalitpur, Time:1pm, Agenda: Annual report, 18% bonus share, Amendment of memorandum of article.


• Standard Finance published AGM notice. Date:2065/9/29, Book Close: 2065/9/16, Place:Kamalpokhari, Ktm, Time:10am, Agenda: Annual report, right share, bonus share , right share, Amendment of memorandum of article,
  
• Annapurna Finance published AGM notice. Date:2065/9/29, Book Close: 2065/9/21, Place:Hotel Pokhara Grand, Birauta, Pokhara, Time:9am, Agenda: Annual report, 30% bonus share, 1:1.6 right share, Amendment of memorandum of article.


• Kist Merchant Banking and Finance started to distribute right share certificate from 2065/9/8.


• Samjhana Finance Company book closes on 2065/9/16 for 1:1.25 right share issue.

Stock Market News(2065/9/7)

• Excel Development Bank published AGM notice. Date:2065/9/28, Book Close:2065/9/13, Place:Agrasen Bhawan,Sanishchare road, Birtamod, Jhapa, Time:11 am, Agenda:Annual report, Right share.


• Clean Energy Development Bank published AGM notice. Date:2065/9/28,Place:Rastriya Pragya Pratisthan, Kamaladi,ktm, Time:12pm, Agenda:Annual report,.


• International Leasing and Finance Company published AGM notice.Date:2065/9/29, Book Close:2065/9/14, Place:Nepal Prasasanik Prasichhyand, Jawalakhel, lalitpur, Time:10am, Agenda:Annual report, 1:2.1 right share, Amendment of memorandum of article.


• Central Finance published AGM notice. Date:2065/9/28, Book Close:2065/9/20, Place:Nepal Prasasanik Prasichhyand Pratisthan, Jawalakhel, Lalitpur, Time:11am, Agenda:Annual report, 30% bonus share, Amendment of memorandum of article, 4:1 right share.


• Nepal Housing and Merchant Finance published AGM notice. Date:2065/9/28, Book Close:2065/9/16, Place:Radition Hotel, Lazimpat, Ktm, Time:11am, Agenda:Annual report, 30% bonus share , 1.58 % cash dividend, Amendment of memorandum of article.


• Lalitpur Finance published AGM notice. Date:2065/9/29, Book Close: 2065/9/18, Place:Nepal Prasasanik Prasichhyand, Jawalakhel, lalitpur, Time:11:30am, Agenda:Annual report, 50% bonus share, 2.63 cash dividend, Amendment of memorandum of article.


• Manjushree Financial Institution published AGM notice.Date:2065/9/27, Place:Hotel Annapurna,Darbarmarg,Ktm,Agenda:Annual report,Amendment of memorandum of article.


• National Finance has extended right share issue up to 2065/10/3.


• Nepse has decreased by 12.4 points on 2065/9/6 according to previous day.


• Bank of Kathmandu has announced to distribute 40% bonus share and 2.11 % cash dividend from 2064/65 profit.

Stock Market News(2065/9/5 to 6)

Birjung Finance CEO Puspa Raj Bhandari participating in the discussion programme organised by srcs in investor club at srcs training hall on friday

• Srcs completed 164 th batch of share training.


• Om Finance published AGM notice. Date:2065/9/29, Book Close:2065/9/16, Place:Pokhara Grand, Gharipatan, Parti, Pokhara, Time:3pm, Agenda:Annual report, Amendment of memorandum of article, 30% bonus share and 1:1 right share.



• Ace Development Bank started to distribute cash dividend and bonus share certificate from 2065/9/6.



• National Finance published AGM notice. Date:2065/9/28, Book Close:2065/9/15, Place:Hotel Shanker, Lazimpat, Ktm, Time:11pm, Agenda:Annual report, 15% cash dividend.



• National Hydro Power Company closes 1:1 right issue from 2065/9/6.



• Botler's Nepal has published AGM notice. Date:2065/9/27, Book Close :2065/9/4, Place: Hotel Sotli Crawn Plaza, Tahachal, Ktm, Agenda:Annual report.



• Botler's Nepal (Tarai) has published AGM notice. Date:2065/9/28, Book Close:2065/9/4, Place: Hotel Royal Century, Bharatpur height, Chitwan, Time:12pm, Agenda:Annual report,Amendment of memorandum of article.



• Yeti Finance published AGM notice. Date:2065/9/27, Book Close:2065/9/13, Place: Makwanpur Udhyog Banijya, Time:12 pm, Agenda:Annual report, 1:1 right share,Amendment of memorandum of article.



• Swabalamban Laghubitta Bikas Bank issue 1:1.4 right share from 2065/8/13.



• Nepal Srilanka Merchant and Finance extended right share issue up to 2065/9/21 .



• NMB published AGM notice. Date:2065/9/27, Book Close :2065/9/13, Place: Nepal Pragya Pratisthan, Kamaladki, Ktm, Time:11am, Agenda:Annual report, 10:3 right share, Amendment of memorandum of article.

Stock Market News(2065/9/4)

• Royal Merchant Banking and Finance has started to distribute bonus share certificate from 2065/9/6 .
• Nepal Development and Employment Promotion Bank published AGM notice. Date:2065/9/27, Book Close: 2065/9/14, Place: Rastriya Nacchaghar, Jamal, Time:10 am, Agenda:Annual report.
• IME Financial Institution issue 2:1 right share from 2065/9/28.
• Sanima Bikas Bank published AGM notice. Date:2065/9/28, Book Close:2065/9/14, Place: Rastriya Sabhagriha, Kathmandu, Time:12:30 pm, Agenda:Annual report, 1:1 right share, Amendment of memorandum of article.
• Nepse has decreased by 7.75 points on 2065/9/3 according to previous day.
• United Finance published AGM notice. Date:2065/9/11, Place:Nepal Tourism Board, Bhirkuti Mandap, Time:11 am, Agenda: Annual report, 10% bonus share, Amendment of memorandum of article.
• Sahayogi Bikas Bank published AGM notice. Date:2065/9/26, Book Close:2065/9/12, Place:Janakpurdham, Time:1pm, Agenda:Annual report, 20% bonus share, 5:2 right share, Amendment of memorandum of article.

Stock Market News(2065/9/3)

• Fewa Finance published AGM notice. Date:2065/9/26, Book Close :2065/9/11, Place:Hotel Fewa Prince, Pokhara, Time:9 am, Agenda:Annual report, Amendment of memorandum of article, 1:1 right share and 30% Bonus share.
• Country Development Bank published AGM notice. Date: 2065/9/26, Place:Mirabel, Dhulikhel, Kavre, Time:9am, Agenda:Annual report, Amendment of memorandum of article.
• Purbaanchal Gramin Bikas Bank published AGM notice. Date:2065/9/26, Book Close:2065/9/10, Place:Udhyog Sangathan Morang, Biratnagar, Time:11 am, Agenda:Annual report, Amendment of memorandum of article.
• Sagarmatha Merchant Banking and Finance published AGM notice. Date:2065/9/29, Book Close:2065/9/18, Place:Prasasanik Prasichyan Pratisthan, Jawalakhel, Time:11:30 am, Agenda:Annual report, 1:1.5 right share, Amendment of memorandum of article.
• Sirjana Finance has extended right share issue up to 2065/9/28.
• Reliable Investment Bittiya Sanstha started to distribute share certificate from 2065/9/3.

Stock Market News(2065/9/2)

• Union Finance published AGM notice. Date:2065/9/24, Book Close:2065/9/11, Place: Radition Hotel, Lazimpat, Time:11am, Agenda:Annual report, Amendment of memorandum of article, 20% bonus share.
• Nepse decreased by 5.61 points on 2065/9/1 as compared to previous day.
• Himalayan Bank published AGM notice. Date: 2065/9/24, Book Close: 2065/9/4, Place: Nepal Prasasanik Pratisthan, Jawalakhel, Time:11am, Agenda: Annual report, Amendment of memorandum of article, dividend.
• ICFC Bittiya Sanstha published AGM notice. Date: 2065/9/24, Book Close:2065/9/13, Place: Russian Culture Center, Kamalpokhari, Time:10am, Agenda: Annual report, 10% bonus share, Amendment of memorandum of article.
• Bishal Bazar Company has started to distribute bonus share and cash dividend from 2065/9/30.
• Gorkha Bikas Bank published AGM notice. Date: 2065/9/25, Place:Rastriya Sabhagriha, Ktm, Time:11am, Agenda:Annual report, Amendment of memorandum of article, 4:1 right share.
• Sagarmatha merchant banking and Lord Buddha Finance listed their shares on 2065/09/01.
• Samjhana Finance published special AGM notice. Date:2065/9/4, Place:Banepa Plaza, Time:1pm.
• Machhapuchre Bank published AGM notice. Date:2065/9/24, Book Close: 2065/9/10, Place: Hotel Fewa, Pokhara, Time:11am, Agenda:Annual report,Cash dividend.

Stock Market News(2065/9/1)

• Nepse has decreased by 7.19 points on 2065/8/30 according to the previous day.


• Unilever Nepal started to distribute cash dividend of 2064/2065 through Hilman Services Center Ltd, Old Baneshwor, Ktm.
• Nepal Housing Development Finance started to distribute 1:1 right share certificate from 2065/9/1.

Stock Market News(2065/8/30)

• Laxmi Bank started to distribute bonus share share certificate from 2065/9/1.


• Solti Hotel published AGM notice. Date:2065/9/14, Book close: 2065/8/25, Place:Solti crawn plasa, Tahachal, Time:10:30am, Agenda: Annual report, Bonus share and cash dividend.


• Nepse has decreased by 1.21 points on 2065/8/29 according to the last day.


• Sahayogi Bikas Bank started to distribute right share certificate from 2065/8/30.


• Union finance has book closed for 1:1 right share from 2065/8/30.

Stock Market News(2065/8/29)

• Nirthan Utthan Bank announced to distribute 1.40 % cash dividend from 2064/2065 profit.
• Kist Merchant Banking and Finance has book closed for 1:1.5 right share from 20658/29.

Stock Market News(2065/8/27)

• Himchuli Bikas Bank published AGM notice. Date: 2065/9/19, Book Close: 2065/9/4, Place: Pokhara Grand, Pokhara, Time: 10 am, Agenda: Annual report, 1:3.45 right share, Amendment of memorandum of article.
• Butwal Finance published AGM notice. Date: 2065/9/19, Place:Kanti Sabhagriha,butwal, Time:11am, Agenda: Annual report, right share and public share, Amendment of memorandum of article.
• Siddhartha Finance published AGM notice. Date: 2065/9/19, Book Close: 2065/9/4, Place:Praharitole, Siddharthanagar, rupandehi, Time:11am, Agenda: Annual report, right share.
• Mahalaxmi Finance published AGM notice. Date:2065/9/19, Book Close:2065/9/4, Place: Uddhyog Banijya Mahasanga, Birjung, Time:3pm, Agenda:Annual report, right share.
• Birjung Finance published AGM notice. Date: 2065/9/19, Book Close:2065/9/4, Place:Hotel Makalu, Birjung, Time:9am, Agenda: Annual report, right share.

Stock Market News(2065/8/26)

• Butwal Power Company published AGM notice Date:2065/9/20, Book Close Date:2065/8/29, Place:Buddhanagar, Time:1am, Agenda: Annual report, Dividend .


• IME Financial Institution has book closed on 2065/9/17 for 1:1 right share issue.

Stock Market News(2065/8/25)

• Bageshwori Development Bank issue 2:1 right share from 2054/8/25.


• Elite Capital published AGM notice. Date:2065/8/30, Place:Rastriya Nachaghar, Jamal, Agenda: Annual report, Amendment of memorandum of article.


• Premier Insurance started to distribute right share certificate from 2065/8/25.

SRCS Stock
training group.

Stock market book and stock news (2065/8/24)

• Read Stock market in Nepal to find A clear picture on Nepalese stock mrket. Contact: SRCS. Ph: 977-014251880, Price Rs. 110, $5
• Ministry of finance clarify the base price conflict on bonus share and right share.

Stock market trainings

Stock Market News (2065/08/23)

• Kastamandap Development Development bank to issue 960000 shares to public. For this issue bank appointed to NIDC capital market as issue manager.
• Kist merchant banking and finance to distributes cash dividend from 2065/08/22.
• Mahakali development bank published AGM notie. Date: 2065/9/18, place: bank office kanchanpur.

Stock Market News(2065/8/22)

• Shree investment and finance company limited started to issue bonus share certificate from 2065/8/22.
• Tribeni Bikas Bank started to distribute share certificate from 2065/8/22.
• Pokhara Finance Company publish book close date for 1:3 right issue on 2065/08/29.

Congratulations

SRCS completed 162nd and163rd batch of Stock market training group .

Stock Market News (2065/08/20)

• Finance Minister says the current stock market decline is a regular movement.
• Bhrikuti Bikas bank published notice for AGM. Date:2065/9/12, place: Rupandehi, Butwal, Time: 11am, Book close: 2065/8/20, Agenda: capital increase and 20%bonus share.
• United Finance published notice for AGM. Date:2065/9/11, place: Tourism Board Hall, Time: 11am, Book close: 2065/8/26, Agenda: capital increase and 10%bonus share.
• Citizen Investment Trust to distribute bonus share certificate from 2065/8/22

Financial Indicators

Find financial indicators of 84 bank and financial institutions.

Know the company before you invest in the stock.

Stock market book

Some quarries about stock market.

Stock market books

You get a closer look on Nepalese stock market when you go through the book Nepal ko share Bazar Aak Bislesan by Rabindra Bhattarai

Stock market books

The only books about stock market in Neapal. Read books and know about what exactly is stock market. is it really a gambling house or investment?

Stock Market Books

Stock Market News (2065/08/19)

• Ministry of finance (MoF) opened vacency for the post of General Manager in the Nepal Stock Exchange (NEPSE) Ltd.

Stock market news (2065/08/18)

• Narayani finance started to distribute right share certificate from 2065/8/18
• Soltee Hotel published AGM notice. Date:2065/9/24 Book close:2065/8/25
• Samjhan Finance special AGM: Date:2065/9/4 place: Banepa Village Resorts, Time:1pm Agenda: 1:1 Right issue
• Birat Laxmi AGM. Date:2065/9/12 place: Biratnagar, Time:11am, Agenda: 10% bonus, Book close: 2065/8/27

Stock Marken News (2065/08/16)

• Yeti Finance to distribute right share certificates from 2065/08/16.
• National Finance allotted right shares on 2065/08/10.
• Himalayan General insurance to distribute right share certificate from 2065/08/16.
• Nerude Development Bank' AGM. Date:2065/9/11. Time:11am Place:Head office

Stock Market’s Role in Poverty Reduction

The stock market is considered to be an exclusive field for the wealthy and the clever. But this is not necessarily so. Policies can be formulated to use the stock market to benefit the poor and reduce poverty. For example, when a well-performing company makes an initial public offering (IPO), a portion of the shares so offered can be reserved for the poor in the same manner as it is reserved for the company's employees. The poor who get those shares will benefit from the dividend that the company distributes in the coming year and from the appreciation of the market price of the shares so provided.
Obviously, the idea is based on four major assumptions: first, the company concerned is a well performing one and will continue doing so; second, the poor who receive such shares are properly identified; third, the poor can manage the finance to buy those shares; and fourth the shares are offered at par value (not in premium). However, these conditions can be easily fulfilled.
For example, Nepal Telecom (NTC), a highly profitable and government-owned company, is planning to issue 15 million shares to the public. Its profit margin in the fiscal year 2004-05 was 40 per cent and return on investment (ROA) during the same period was 18 per cent. The company is paying dividends and it can be expected to do so even after the public issue. Globally, telecommunications is a business which witnesses only growth and profit. This is the business of Carlos Slim Helu, the Mexican businessman who is recently estimated to have become the second richest person on earth in a few years.
Though the new company law allows IPO at premium, the government can make a decision to issue NTC shares at face value at least in case of those shares that are reserved for the poor. Nobody expects the market price of NTC shares to go below the face value after they are listed in the stock exchange. Rather, the trend in the Nepal Stock Exchange is such that share prices of every company are quoted much higher (sometimes even as much as four times) than the face value after they are listed in the stock exchange. The same can be repeated in case of NTC shares.
There have been plenty of research on poverty in Nepal and these data can be used to identify the poor to whom these reserved shares can be distributed. One method can be to distribute these shares to those who live in a particular locality where poverty is found to be the severest, e.g. the remote villages. Local government units and NGOs can be mobilised to ensure that the non-poor are excluded from this benefit.
Banks and finance companies can provide loan to the poor to buy those shares in the IPO against the collateral of the same shares. The government can provide subsidy on the interest on such loans.
There are a number of ways to ensure repayment of such loans. In one method, the borrower can be made to use the dividend to repay the interest and principal. For example, if a share of Rs 100 par value is fully financed at 9 per cent interest and NTC pays 20 per cent (Rs. 20 per share) as cash dividend after the public issue, the Rs. 20 can be used to pay Rs. 9 as interest for the first year and the remaining Rs. 11 to repay the principal. The same will be repeated in the subsequent years. When the principal (with interest) used to finance the initial public offering (IPO) is fully repaid, then onwards the entire dividend goes to the shareholders and they start to generate income as dividend from the company.
Another way to repay such loan is by selling part of the shares. For example, if a household receives 20 shares of total face value Rs. 2,000 and the market price of the same shares becomes Rs. 200 per unit in the secondary market after listing, such poor households can be made to sell 10 shares and use the proceeds to repay the loan. This way, the loan can be repaid within two years. Then onwards, the holders of such shares can be restricted from selling such shares for some years so that they will have a steady source of income. Similarly, if the company gives bonus shares instead of dividend, the bonus shares can be sold off to repay the loan.
The same idea can be used to provide shares to the people of the locality where a company sets up its production unit. This idea is ideal for hydroelectricity companies. There is no need to explain that there is only growth in the power business (perhaps Nepal Electricity Authority is the only exception to this rule). Such companies should set aside a certain portion of their shares for the people of the locality affected by the power house, dam etc. This benefits not only those who receive the shares, but also those who promote such a company. The local people will feel they have ownership of the project and they will help in its smooth operation. If this happens, there will be no incidence of local people creating frequent trouble in the operation of such projects. Banks and finance companies can also be used in this case for financing the share purchase.
Thus, Chilime Hydropower Company, which is going to issue 2.3 million shares to the general public, can be made to set aside a certain portion of these shares for the people affected by its existing and future power projects. Similarly, if Manakamana Cable Car (P) Ltd. converts into a public limited company and allocates a certain percent of its share to the people of Manakamana VDC, it would be more economical for the company and its promoters than the direct grants it has been providing to the locality for schools, drinking water, health posts etc.
To use the stock exchange in this way for poverty alleviation, the government should play an active role. The related laws and rules may need to be amended, margin lending should be reallowed at least for this purpose, capital gain and dividend tax should be waived and an awareness campaign should be initiated.
Though the stock market is associated with high risks, this proposal can be tested after a detail analysis of the financial health of the company concerned. (By Rabindra Bhattarai, April/May 2007, New Business Age)

Stock Market News (2065/08/15)

• Nabil bank started to distribute 40%bonus shares certificate from 2065/08/15.


• Siddhartha Bank declared 15 percent bonus share and 50% right share.
• SBI bank published AGM notice. AGM date:2065/9/11, time:11 am, place: Rastriya shava greha, Book close:2065/8/22
• Bonus Share and Cash Dividend of Guheshowari Merchant Banking and Finance Ltd.The 80th BOD meeting of the company dated 2065/08/04 has decided to propose 15% bonus share and 0.79% cash dividend (tax purpose) for F/Y 2064/2065 subject to approval from NRB.

Share market news

• SRCS completed 159th batch of training group. Congratulations to all.
• Everest bank limited started to distribute dividend from 2065/8/10
• BOK published AGM notice. AGM date: 2065/9/6, book close: 2065/8/18, Place: Nepal Pragya pratisthan, kamaladi, Agenda: Annual report and 40% bonus share
• SEBO provide Merchant banking liscense to three more institutions like Development Credit Bank Limited, Vibore Bikash Bank and Nepal Housing and Merchant Finance Ltd.
• SEBO chairman resigned blaming to the goverment for non response about declining sharemarket.
• Laxmi bank allotted 8.5%debenture on 2065/8/9.
• Royal Merchant Banking and Finance Ltd published AGM notice. AGM date: 2065/8/20, book close: 2065/8/13, Place: Hotel Malla Kathmandu, Kamaladi, Agenda: Annual report and 10% bonus share and 1:1 right share.
• Pashaupati Development Bank Ltd published AGM notice. AGM date: 2065/8/28, Place: Co's head office, Banepa, Agenda: Annual report and election.
• Chhimek Bikash Bank to distribute 20%cash dividend from 2065/08/15
• NIB becomes bank of the year 2008.

Todays Market News

• Surya Life Insurance Company published AGM notice, Date:2065/9/2, Place:Company Register Office, Biratnagar, Time:12 am, Agenda:Annual report, Amendment of memorandum of article.
• Securities Board of Nepal provided Merchant Banker Licence to Vibor Bikas Bank Ltd, Nepal Housing Finance Ltd and Development Credit Bank Ltd.
• Kamana Bikas Bank published AGM notice, Date:2065/9/5, Time:9 am, Place: Pokharagrand, Pokhara, Agenda:Annual report, Amendment of memorandum of article.
• Everest Bank is going to distribute 20% cash dividend and 30% bonus share.
• Chilime Hydropower announced to distribute 35% cash dividend from 2064/065 profit.
• Neko Insurance distribute and refund to the non allotted share from today.
• Nepse has decreased by 28.73 points on 2065/8/9 as compared to last day.

Todays Market News

• Union Finance extended 1:1 right share issue up to 2065/8/9.
• Nepal Stock Exchange suspended Arun Securities(3) and Nepal Stock House(14).
• Nepse has decreased 19.86 points on 2065/8/8 as compared to last day.

Market News(2065/8/8)

• Nepal Housing and Merchant Finance started to distribute right share certificate from today.
• Elite Capital ltd published AGM notice, Date: 2065/8/30, Time:4 pm, Place: Rastriya Nachghar, Jamal, Agenda: Annual Report, Amendment of article of memorandum.
• Annapurna Finance Company announced to distribute 30% bonus share and 1.579 cash dividend from 2064/065 profit.
• Narayani Finance published AGM notice, Date:2065/9/9, Time: 12:30 am, Place:Udhyog Banijya Mahasangh, Agenda: Annual report, Memorandum of understanding.
• Unique Financial Institution published AGM notice, Date: 2065/8/28, Time:11 am, Place: Hotel Himalaya, Kathmandu, Agenda:Annual report, Amendment of memorandum of article.
• Kathmandu Finance started to distribute right share certificate from 2065/8/8.