Author: Himalaya Post

Kathmandu- India Built High Impact Community Development Project in Khotang. Nepal School and Hostel building of Shree Sharada Secondary School, Rawa Besi Rural Municipality, Khotang, built with Government of India’s financial assistance of NRs. 36.10 million under ‘Nepal-India Development Cooperation’. The building was inaugurated today jointly by Mr. San Bahadur Rai, Chief, District Coordination Committee; Mr. Phatik Kumar Shrestha, Chairman, Rawa Besi Rural Municipality, Khotang and Shri Suman Shekhar, First Secretary, Embassy of India, Kathmandu. Public representatives, government officials, social workers, representatives of the school management, teachers, parents and students were also present on this occasion. The Government of...

KATHMANDU- ICRA Nepal has reaffirmed the issuer rating of [ICRANP-IR] AAA to Standard Chartered Bank Nepal Limited (SCBNL) for the fifth consecutive year. The rating is considered to have the highest degree of safety regarding the timely servicing of financial obligations, such issuers carry the lowest credit risk. In the rationale statement, ICRA Nepal states, “The rating reaffirmation factors in the bank’s sustained strong capitalisation profile with capital to risk weighted assets ratio (CRAR) of ~16% and tier-I capital of ~13% as of mid-January 2024 against the regulatory minimum of 11% and 8.5%, respectively. The rating also factors in...