ICT Frame | Tech News, Reviews & Digital Updates from Nepal Technology Khabar
2 sources · 4 articles
Started 1 day ago · Updated 12 hours ago

Machhapuchchhre Bank and Prime Commercial Bank Announce Branch Integration and Locker Transfers

Photo · ictframe.com

Machhapuchchhre Bank Limited and Prime Commercial Bank Limited are integrating selected branches and transferring safe deposit locker services to optimize operations and enhance service quality. This consolidation, aligned with directives from Nepal Rastra Bank, is scheduled to take effect starting July 17, 2026. Affected locker holders are urged to coordinate with their respective branches by July 17, 2026, to manage their assets during this transitional period.

  • Machhapuchchhre Bank's integration process aims to optimize capital efficiency and enhance service quality by merging operations.
  • Prime Commercial Bank will merge its Bagar and B.P. Chowk branches in Pokhara into the New Road Pokhara branch, with Bagar approximately 3 km away and B.P. Chowk 0.85 km from the unified hub.
  • Customers of Machhapuchchhre Bank must establish direct contact with their branches by July 17, 2026, to understand safety parameters for locker-held properties.
  • Nepal SBI Bank Limited is auctioning unused fixed assets and corporate vehicles through a sealed bid tender process, with bids due within 15 days of the notice publication.

Coverage (4)

Share ↗
Related

More in Economy

See all
Pharmaceutical Producers Demand Government Curb Foreign Medicine Imports Pharmaceutical Producers Demand Government Curb Foreign Medicine Imports

The Association of Pharmaceutical Producers of Nepal (APPON) has urged the government to curb the import of foreign medicines, particularly those already produced domestically. APPON argues that Nepal is self-sufficient in various medicines and suggests importing only raw materials to protect national industries facing competition from cheaper foreign products.

3 articles · 3 hours ago
Government Finalizes Fiscal Year 2083/84 Budget with Focus on Economic Reform and Private Sector Growth Government Finalizes Fiscal Year 2083/84 Budget with Focus on Economic Reform and Private Sector Growth

The Nepali government is finalizing the budget for fiscal year 2083/84, set to be presented by Jestha 15, with a strong emphasis on fostering a private sector-friendly investment environment and implementing economic reforms. Key policy priorities include reducing acquisition and tax-related hurdles, enhancing the one-door service system, and increasing investment in industrial infrastructure to lower costs. The Finance Minister has described the upcoming budget as the commencement of a new, transformative phase of economic reform.

3 articles · 8 hours ago
Nepal Life Insurance Conducts AML/CFT Training with Nepal Rastra Bank Expert Nepal Life Insurance Conducts AML/CFT Training with Nepal Rastra Bank Expert

Nepal Life Insurance Company Limited held a specialized training in Kathmandu on Anti-Money Laundering, Countering the Financing of Terrorism, and Countering the Financing of Proliferation (AML/CFT/CPF). The session featured Dr. Hari Kumar Nepal from Nepal Rastra Bank, who provided insights on legal frameworks and practical implementation for the insurance sector. The training aimed to strengthen participants' understanding and reduce financial crimes.

3 articles · 9 hours ago