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Wednesday, October 30, 2019

Prabhu Pay

Easy Pay Easy Day with Prabhu Pay

Prabhu Pay

Prabhu Pay

PrabhuPay consumer App allows its users to simplify the payment process. With this App, the consumers can easily make payments for the goods purchased and services rendered. Quick recharge and easy payment of various utility bills makes this App more users friendly and on top of that consumers can also transfer the small value fund to the consumers within PrabhuPay network. Newly added unique features such as Near-by-deals and Near-by-taxi make this App unique and multipurpose. Near-by deals is a geo location based customized automated notifications send to the users advising of nearby deals based on their current or last known locational proximity to the businesses. Similarly, near-by-taxi is a geo locational based feature through which the users can track the available taxis nearby them. They can easily book the taxi and even make payments by using our application.
What we offer?
Fast, easy and a convenient way to make payment in the stores for the goods purchased or any services rendered. Send money instantly to the existing PrabhuPay users using their QR Code and Phone numbers. Skip line and make quick payments of electricity, cable TV, internet bills and phone bills such as postpaid and prepaid bills (NTC, NCell, UTL). Notifications on personalized offers through Nearby Deals. Convenient way to track/ book Taxis nearby. Easy access to the records of your transactions. Get the locations of various ATM withdrawal centers to withdraw your PrabhuPay wallet fund. Top-up your PrabhuPay wallet easily through PrabhuPay registered Merchants. Link your bank account to make payment from your debit card.
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Saturday, July 20, 2019

Banks and C-ASBA Charges In Nepal

List of Banks with their C-ASBA Charge


S No. Commercial Banks Charge (Rs.) S No. Development Banks Charge (Rs.) S No. Finance Company Charge (Rs.)
1 Agriculture Development Bank 10 1 Muktinath Bikas Bank ? 1 Central finance Free
2 Bank of Kathmandu Free 2 Mahalaxmi Bikas Bank ? 2 Gurkhas Finance Free
3 Cenury 25 3 Garima ? 3 Progressive Finance Free
4 Citizen 20
5 Civil Free
6 Everest Free
7 Global IME 15
8 Himalayan Bank Limited Free
9 Kumari Bank 10
10 Laxmi Bank 25
11 Machhapucchre Bank Free
12 Mega Free
13 Nabil Bank Free
14 NCC Bank Free
15 Nepal Bank 25
16 Nepal Bangladesh Bank Free
17 Nepal Investment Bank 20
18 Nepal SBI Bank 25
19 NIC Asia Bank Free
20 NMB Bank Free
21 Prabhu Bank 10
22 Prime Commercial Bank Free
23 Rastriya Banijya Bank Free
24 Sanima Bank Free
25 Siddhartha Bank Free
26 Standard Chartered Bank 100
27 Sunrise Bank 10
Also Read:
1. Share Brokers In Nepal
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Saturday, May 18, 2019

connectIPS e-Payment Nepal Clearing House

connectIPS e-Payment Nepal Clearing House

Nepal Clearing House (NCHL) came into existence under the initiation of Nepal Rastra Bank (NRB) along with other financial institutions. It has the objective of establishing multiple payments, clearing and settlement systems in Nepal with long term objective to establish a national payments gateway to facilitate electronic payments and financial transactions within the country.
Similarly, connect IPS is a single payments platform that allows the customers to link their bank account(s) to enable payment processor, fund transfer and bill payments. An extended product of
connectIPS

Nepal Clearing House to support  citizen-to-government (C2G), customer-to-business (C2B) and peer-to-peer (P2P) payment transactions directly from/to the bank accounts. This is currently available on online channel whereas other channels will be added soon. For further information you can visit connectips.com
Recently NCHL has come up with videos that elaborates how one can use the connectIPS and enjoy the benefits this system can provide. First of all, understanding what it is, is imporatant. It is a simple, secured, trusted and convenient platform for immediate electronic payment.
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Saturday, April 20, 2019

Merger & Acquisition in Nepal

History of Merger and Acquisition in Nepal



Merger

A merger is the voluntary fusion of two companies on broadly equal terms into one new legal entity. The firms that agree to merge are roughly equal in terms of size, customers, scale of operations, etc. For this reason, the term "merger of equals" is sometimes used. Acquisitions, unlike mergers, or generally not voluntary and involve one company actively purchasing another.
Mergers are most commonly done to gain market share, reduce costs of operations, expand to new territories, unite common products, grow revenues, and increase profits—all of which should benefit the firms' shareholders. After a merger, shares of the new company are distributed to existing shareholders of both original businesses.

Types of Mergers

1. Conglomerate Merger

This is a merger between two or more companies engaged in unrelated business activities. The firms may operate in different industries or in different geographical regions. A pure conglomerate involves two firms that have nothing in common. A mixed conglomerate, on the other hand, takes place between organizations that, while operating in unrelated business activities, are actually trying to gain product or market extensions through the merger.Companies with no overlapping factors will only merge if it makes sense from a shareholder wealth perspective, that is, if the companies can create synergy.

2. Congeneric Merger

A congeneric merger is also known as a Product Extension merger. It occurs when two or more companies join together that operate in the same market or sector with overlapping factors, such as technology, marketing, production processes, and research and development (R&D). A product extension merger is achieved when a new product line from one company is added to an existing product line of the other company. When two companies become one under a product extension, they are able to gain access to a larger group of consumers and, thus, a larger market share.

3. Market Extension Merger

This type of merger occurs between companies that sell the same products but compete in different markets. Companies that engage in a market extension merger seek to gain access to a bigger market and, thus, a bigger client base.

4. Horizontal Merger

A horizontal merger occurs between companies operating in the same industry. The merger is typically part of consolidation between two or more competitors offering the same products or services. Such mergers are common in industries with fewer firms, and the goal is to create a larger business with greater market share and economies of scale since competition among fewer companies tends to be higher.

5. Vertical Merger

When two companies that produce parts or services for a product merger the union is referred to as a vertical merger. A vertical merger occurs when two companies operating at different levels within the same industry's supply chain combine their operations. Such mergers are done to increase synergies achieved through the cost reduction which results from merging with one or more supply companies.

Acquisition

An acquisition is a situation whereby one company purchases most or all of another company's shares in order to take control. An acquisition occurs when a buying company obtains more than 50% ownership in a target company. As part of the exchange, the acquiring company often purchases the target company's stock and other assets, which allows the acquiring company to make decisions regarding the newly acquired assets without the approval of the target company’s shareholders.

History of merger and Acqusition in Nepal

S No BFIs Name before merger and Acquisition BFIs Name after merger and Acquisition
1 Laxmi Bank Hisef Finance Laxmi Bank
2 Nepal Bangladesh Bank a. Nepal Bangladesh Finance
b. Nepal Srilanka Merchant Finance
Nepal Bangladesh Bank
3 Narayani Finance National Finance Narayani National Finance
4 Himchuli Bikas Bank Birgunj Finance H & B Develolment Bank
5 Kastamandap Development Bank Shikhar Finance Kastamandap Development Bank
6 Infrastructure Development Bank Swastik Merchant Finance Infrastructure Development Bank
7 Business Development Bank Universal Development Bank Business Universal Development Bank
8 Annapurna Bikas Bank Suryadarsan Finance Suprim Development Bank
9 Butwal Finance a. Alpine
b.Everest
c. CMB Finance
Synergy Finance
10 Machhapuchhre Bank Standard Finance Machhapuchhre Bank
11 Global Bank a. IME Finance
b. Lord Buddha Finance
Global IME Bank
12 Pashupati Development Bank Udhham Bikas Bank Axis Development Bank
13 Vibor Bikas Bank Bhajuratna Finance Vibor Bikas Bank
14 Shine Development Bank Resunga Bikas Bank Shine Resunga Development Bank
15 Prudential Finance Gorkha Finance Prudential Finance
16 NIC Bank Bank of Asia Nepal NIC Asia Bank
17 Diyalo Bikas Bank Professional Bikas Bank Professional Diyalo Bikas Bank
18 Araniko Development Bank Surya Development Bank Araniko Development Bank
19 Royal Merchant Banking & Finance Rara Development Bank Apex Development Bank
20 Global IME Bank a. Social Development Bank
b. Gulmi Bikas Bank
Global IME Bank
21 Prabhu Finance a. Sambridhi Bikas Bank
b. Baibhav Finance
Prabhu Development Bank
22 Manakamana Development Bank a. Yeti Finance
b. Valley Finance
Yeti Development Bank
23 Global IME Bank Commerce & Trust Bank Global IME Bank
24 Reliable Finance a. ShubhaLaxmi Finance
b. Nepal Consumers Development Bank
Reliable Development Bank
25 Reliance Finance Lotus Finance Reliance Lotus Finance
26 Siddhartha Finance Imperial Finance Siddhartha Finance
27 Civil Bank a. Axis Development Bank
b. Civil Merchant Finance
Civil Bank
28 BiratLaxmi Bikas Bank Khadbaru Development Bank BiratLaxmi Bikas Bank
29 Sangrila Development Bank Bageswori Bikas Bank Sangrila Development Bank
30 Lumbini Bank NawaDurga Finance Lumbini Bank
31 Kist Bank a.Prabhu Bikas Bank
b. Jenith Finance
c. Gaurishankar Development Bank
Prabhu Bank
32 Triveni Bikas Bank a. Public Developement Bank
b. Bright Development Bank
Triveni Bikas Bank
33 NDEP Development Bank Rising Development Bank NDEP Development Bank
34 Biswo Bikas Bank Fewa Finance Fewa Bikas Bank
35 Citizen Bank International a. Nepal Housing & Merchant
b. Peoples Finance
Citizen Bank International
36 Garima Bikas Bank Nilgiri Bikas Bank Garima Bikas Bank
37 Muktinath Bikas Bank Sivik Development Bank Muktinath Bikas Bank
38 Sagarmatha Merchant & Finance Patan Finance Sagarmatha Merchant & Finance
39 NMB Bank a. Pathivara Bikas Bank
b. Bhrikuti Bikas Bank
c. Clean Energy Development Bank
d. Prudential Development Bank
NMB Bank
40 Prabhu Bank Grand Bank Prabhu Bank
41 City Development Bank Om Finance Om Development Bank
42 Gorkha Bikas Bank Kathmandu Finance Gorkha Finance
43 Mega Bank Paschimanchal Development Bank Mega Bank
44 Kailash Bikas Bank a. Metro Development Bank
b. Nepal Express Finance
Kailash Bikas Bank
45 Siddhartha Developmen Bank a. Ekata Bikas Bank
b. Nepal Awas Finance
Siddhartha Development Bank
46 Shine Resunga Development Bank Gaumukhi Bikas Bank Shine Resunga Development Bank
47 Kamana Bikas Bank Kaski Finance Kamana Bikas Bank
48 Siddhartha Bank Business Universal Development Bank Siddhartha Bank
49 Sunrise Bank Narayani National Finance Sunrise Bank
50 Bank of Kathmandu Lumbini Bank Bank of Kathmandu
51 Citizen Bank International Premier Finance Citizen Bank International
52 Jyoti Bikas Bank Jhimruk Bikas Bank Jyoti Bikas Bank
53 Malika Bikas Bank a.Mahalaxmi Finance
b. Siddhartha Finance
Mahalaxmi Bikas Bank
54 Vibor Bikas Bank Society Development Bank Vibor Society Development Bank
55 Garima Bikas Bank Subhekshya Bikas Bank Garima Bikas Bank
56 Civil Bank International Leasing Finance Civil Bank
57 NCC Bank a. Infrastructure Development Bank
b. Apex Development Bank
c.Supreme Development Bank
d. International Development Bank
NCC Bank
58 Sanima Bank Bagmati Development Bank Sanima Bank
59 Tourism Development Bank a. Matribhumi Bikas Bank
b. Kalinchowk Development Bank
Tourism Development Bank
60 Laxmi Bank Professional Diyalo Bikas Bank Laxmi Bank
61 Shree Investment & Finance Everest Finance Shree Investment & Finance
62 Sunrise Bank NIDC Capital Market Sunrise Bank
63 Global IME Bank Pacific Development Bank Global IME Bank
64 Central Finance Bhaktapur Finance Central Finance
65 Janata Bank Tiveni Development Bank Janata Bank
66 Prime Commercial Bank a. BiratLaxmi Bikas Bank
b. Country Development Bank
Prime Commercial Bank
67 Kumari Bank a. Kastamandap Development Bank
b. Mahakali Bikas Bank
c. KakreBihar Bikas Bank
d. Paschimanchal Finance
Kumari Bank
68 Om Development Bank Manaslu Development Bank Om Development Bank
69 Gandaki Bikas Bank Fewa Bikas Bank Gandaki Bikas Bank
70 Nepal Investment Bank Yes Development Bank Nepal Investment Bank
71 Civil Bank a. Unique Finance
b. Hama Merchant and Finance
Civil Bank
72 Vibor Society Developent Bank Lumbini Finance & Leasing Company Lumbini Bikas Bank
73 Mahalaxmi Bikas Bank Yeti Development Bank Mahalaxmi Bikas Bank
74 Janata Bank Siddhartha Development Bank Janata Bank
75 Sangrila Development Bank Cosmos Development Bank Sangrila Development Bank
76 Global IME Bank Reliable Development Bank Global IME Bank
77 Century Commercial Bank Sagarmatha Finance Century Commercial Bank
78 Kamana Bikas Bank Sewa Bikas Bank Kamana Bikas Bank
79 Rastriya Banijya Bank Nepal Industrial Development Corporation Rastriya Banijya Bank
80 Jyoti Development Bank Hamro Bikas Bank Jyoti Development Bank
81 Dev Bikas Bank a. Sajha Bikas Bank Limited
b. Union Finance Limited
Dev Bikas Bank
82 Dev Bikas Bank Western Development Bank Dev Bikas Bank
83 Nepal Investment Bank Jebils Finance Nepal Investment Bank
84 Tinau Bikas Bank Mission Development Bank Tinau Mission Development Bank
85 Sadhana Laghubitta Bittiya Sanstha Samridhhi Laghubitta Bittiya Sanstha Sadhana Laghubitta Bittiya Sanstha
86 Global IME Bank Hathway Finance Global IME Bank
87 NMB Bank Om Development Bank NMB Bank
88 Saptakoshi Development Bank Kabeli Bikas Bank Saptakoshi Development Bank
89 Shine Resunga Development Bank a. Bhargav Bikas Bank
b. Purnima Bikas Bank
Shine Resunga Development Bank
90 Global IME Bank Limited Janata Bank Limited Global IME Bank Limited
91 Tinau mission Development Bank Nepal Community Development Bank Tinau mission Development Bank
92 Prime Commercial Bank a. Kailash Bikas Bank
b. Kankai Development Bank
Prime Commercial Bank
93 Kumari Bank Limited Dev Bikas Bank Kumari Bank Limited
94 Mega Bank Limited Gandaki Development Bank Mega Bank Limited
95 NMB Bank Limited Kanchan Development Bank NMB Bank Limited
96 Citizen Bank International a. Sahayogi Bikas Bank
b. Tinau mission Development Bank
Citizen Bank International
97 Nepal Investment Bank Limited City Express Finance Nepal Investment Bank Limited
98 Garima Bikas Bank Sahara Bikas Bank Garima Bikas Bank
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Saturday, March 9, 2019

List of Finance Companies in Nepal

As per the latest data from Nepal Rastra Bank, at present, there are a total of 23 Finance Companies in Nepal.

  1. Nepal Finance Limited
  2. Nepal Share Markets and Finance Limited
  3. Gurkhas Finance Limited
  4. Goodwill Finance Limited
  5. Shree Investment & Finance Co. Limited
  6. Lalitpur Finance Co. Limited
  7. United Finance Co. Limited United
  8. General Finance Limited
  9. Progressive Finance Co. Limited
  10. Janaki Finance Co. Limited
  11. Pokhara Finance Limited
  12. Central Finance Limited
  13. Arun Finance Limited
  14. Multipurpose Finance Co. Ltd
  15. Shrijana Finance Limited
  16. Sambridhi Finance Limited
  17. Capital Merchant Banking & Finance Co. Limited
  18. Crystal Finance Limited
  19. Guheshwori Merchant Banking & Finance Limited
  20. ICFC Finance Limited
  21. Kuber Merchant Finance Limited
  22. Manjushree Financial Institution Limited
  23. Reliance Finance Limited
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List of Micro Finance Companies in Nepal

As per the latest data from Nepal Rastra Bank, there are a total of 66 Micro Credit Development Banks in Nepal.

  1. Nepal Grameen Bikas Bank Limited
  2. Nirdhan Utthan Bank Limited
  3. Rural Microfinance Development Centre Limited
  4. Deprosc Microfinance Development Bank Limited
  5. Chhimek Microfinance Development Banks Limited
  6. Swabalamban Laghu Bitta Bikas Banks Limited
  7. Sana Kisan Bikas Bank Limited
  8. Nerude Laghu Bitta Bikas Bank Limited
  9. Summit Microfinance Development Bank Limited
  10. Sworojagar Laghu Bitta Bikas Bank Ltd
  11. First Microfinance Development Bank Ltd
  12. Nagbeli Microfinance Development Bank Ltd
  13. Kalika Microcredit Development Bank Limited
  14. Mirmire Microfinance Development Bank Limited
  15. Janautthan Samudayik Microfinance Dev. Bank Limited
  16. Mithila Laghu Bitta Bikas Bank Limited
  17. Laxmi Microfinance Bittiya Sanstha Limited
  18. Civil Microfinance Bittiya Sanstha Limited
  19. Vijaya Laghubitta Bittiya Sanstha Limited
  20. NMB Microfinance Bittiya Sanstha Limited
  21. Forward Community Microfinance Bittiya Sanstha Limited
  22. Reliable Microfinance Bittiya Sanstha Limited
  23. Mahuli Samudyik Laghubitta Bittiya Sanstha Limited
  24. Suryodaya womi Laghubitta Bitiya Sanstha Limited
  25. Mero Microfinance Bittiya Sanatha Limited
  26. Samata Microfinance Bittiya Sanatha Limited
  27. RSDC Laghubitta Bitiya Sanstha Limited
  28. Samudayik Laghubitta Bitiya Sanstha Limited
  29. National Microfinance Bittiya Sanstha Limited
  30. Nepal Sewa Laghubitta Bitiya Sanstha Limited
  31. Unnati Sahakarya Microfinance Bittiya Sanstha Limited
  32. Swadeshi Lagubitta Bittiya Sanstha Limited
  33. NADEP Laghubitta Bittiya Sanstha Limited
  34. Support Microfinace Bittiya Sanstha Limited
  35. Arambha Chautari Microfinance Bittiya Sanstha Limited
  36. Janasewi Laghubitta Bittiya Sanstha Limited
  37. Ghodighoda Laghubitta Bittiya Sanstha Limited
  38. Asha Laghubitta Bittiya Sanstha Limited
  39. Nepal Agro Microfinance Bittiya Sastha Limited
  40. Gurans Laghubitta Bittiya Sastha Limited
  41. Ganapati Laghubitta Bittiya Sastha Limited
  42. Infinity Microfinance Bittiya Sastha Limited
  43. Adhikhola Laghubitta Bittiya Sastha Limited
  44. Swabhiman Microfinance Bittiya Sastha Limited
  45. Sparsha Microfinance Bittiya Sastha Limited
  46. Sabaiko Microfinance Bittiya Sastha Limited
  47. Sadhana Laghubitta Bittiya Sanstha Limited
  48. NIC Asia Laghubitta Bittiya Sanstha Limited
  49. Nagarik Laghubitta Bittiya Sanstha limited
  50. Trilok Laghubitta Bittiya Sanstha Limited
  51. Sarathi Laghubitta Bittiya Sanstha limited
  52. Manakamana Laghubitta Bittiya Sanstha Limited
  53. Sajeelo Laghubitta Bittiya Sanstha Limited
  54. Satyawati Laghubitta Bittiya Sanstha limited
  55. Buddha Jyoti Laghubitta Bittiya Sanstha Limited
  56. Samaj Laghubitta Bittiya Sanstha Limited
  57. Cweda Laghubitta Bittiya Sanstha Limited
  58. Grameen Swayamsewak Laghubitta Bittiya Sanstha Limited
  59. Mahila Laghubitta Bittiya Sanstha Limited
  60. Adarsha Laghubitta Bittiya Sanstha Limited
  61. Unique Nepal Lagubitta Bittiya Sanstha Limited
  62. Manushi Laghubitta Bittiya Sanstha Limited
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List of Development Banks in Nepal

List of Development Banks in Nepal

S.No. Name Logo Operation Date (A.D.) Head Office NEPSE Code Phone Number
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कुन पुरुस्कार कहिले स्थापना भए

कुन पुरुस्कार कहिले स्थापना भए
पुरुस्कार स्थापना
पोल्सान पुरुस्कार बि. स. १९९३
मदन पुरुस्कार बि.स. २०१२
साझा पुरुस्कार  बि.स. २०२६
छिन्न्लता पुरुस्कार  बि.स. २०३९
सर्बनाम पुरुस्कार बि. स. २०३९
युवा मोति बर्ष पुरुस्कार  बि.स. २०४२
जगदम्बा श्री पुरुस्कार बि.स. २०४५
रास्ट्रीय जनसंख्या पुरुस्कार  बि.स २०४५
बिश्वेसर शताप्ब्दी पुरुस्कार  बि.स. २०४७
पान्डुलिपी पुरुस्कार बि स. २०४९
तुलसिमेहर पुरुस्कार बि. स. २०४९
भुपालमान सिंह कार्की पुरुस्कार बि. स. २०५२ कार्तिक १
गौतम बुद्द अन्तरास्ट्रिय शान्ती पुरुस्कार बि. स. २०५९
सगरमाथा रास्ट्रीय पुरुस्कार  बि. स. २०५९
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Monday, March 4, 2019

List of universities in Nepal

list of universities in Nepal

S No. University Name Establishment Date Head Office
1 Tribhuvan University 2016 BS Kritipur, Kathmandu
2 Nepal Saskrit Biswobidhyalaya 2043 BS Beljhundi, Dang
3 Kathmandu University 2048 BS Dhulikhel, Kavre
4 Purbanchal University 2050 BS Morang, Biratnagar
5 Pokhara University 2055 BS Lekhnath, Kaski
6 Lumbini University 2061 BS Rupendehi
7 SudurPaschimanchal Universtiy 2067 BS Mahendranagar
8 MadhyaPaschim University 2067 BS Surkhet
9 Krishi Tatha Ban Bishwobidhyalaya 2067 BS Rampur, Chitwan
10 Nepal Khulla Bishwobidhyalaya 2073 BS Manbhawan, Lalitpur
11 Rajsri Janak Bishwobidhyalaya 2074 BS Janakpur
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Saturday, March 2, 2019

IME Pay - Mobile Digital Wallet (Nepal)

IME Pay - Mobile Digital Wallet (Nepal)

With an aim to simplify daily life of all Nepalese, IME introduced IME Pay for easy, quick and hassle-free online digital payments for day-to-day services; licensed by Nepal Rastra Bank (NRB) and powered by IME Remit.
IME Pay - Mobile Digital Wallet (Nepal)

IME Pay is now a leading payment gateway in Nepal & advanced digital wallet that helps transfer money from wallet to wallet, pay utility bills and make purchases online or offline instantly with just few easy clicks. It is basically cash at the tip of your fingers for basic household purchases to high volume business transactions. With our wide range of partners and merchants, we are dedicated to ease your everyday life. Be a smart payer and enjoy our lucrative offers.

With Nepal’s largest IME network of 14,600+ touch points, we encourage you to go digital and replace your bulky wallet with your smartphone.

All your payment is just a tap away with IME Pay with 4% interest on daily basis posted quarterly on IME Pay wallet balance above Rs 1000

Features:
  1. Money Transfer
  2. • Send Money
    • Receive Money
    • Add Money
    • Withdraw Money
  3. Utility Bill Payments
  4. • Mobile Top Up
    • Electricity
    • TV
    • Internet
    • Landline
    • Water
  5. Merchant Payment
  6. • Restaurant
    • Shopping
    • Health Service
    • Recreation
  7. Ticketing
  8. • Chandragiri Hills
    • Airline


New Features:
  1. You can now require PIN code and fingerprint to unlock IME Pay and verify transactions. Tap “Profile” > “Account Settings”.
  2. Now Pay your vehicle EMI Payment.
  3. Redeem IME Control Number.
  4. Virtual Net and TechMinds Internet Payment.
  5. Get Interest in your Wallet Balance : Super Wallet
  6. Now recharge any amount in NTC Prepaid, NTC Postpaid, CDMA, NTC Landline and ADSL.
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