Bank loans have become more expensive. According to the unrevised financial statements of mid-October published by banks, the base interest rate of commercial banks has increased. Compared to October 2078, the base rate of banks has increased by 4 percentage points in October 2079. The interest rate of the loan also increases in proportion to the increase in interest rate. As the banks increased the deposit interest rate, the cost of funds increased and the base interest rate also increased. Along with the increase in base interest rate, the interest rate of bank loans has also increased. Nepal Rastra Bank has arranged that the loan interest rate should be linked to the base interest rate.

The price of gold has increased by 3000 rupees per tola in one day, while the price of silver has increased by 85 rupees per tola, according to the Nepal Gold and Silver Traders Federation. Explanatory Photo

Any company must obtain permission from the Nepal Securities Board before issuing ordinary share IPO. The board has set certain criteria for permission. However, the board has allowed the company that did not meet the criteria to issue an IPO. Based on the office infrastructure, the board allowed a company worth less than Rs 1 million to issue an IPO of Rs 50 million. More surprisingly, more than 2.4 million people have applied for the company's shares.This is the story of Emerging Nepal, whose IPO was scrapped today. Emerging Nepal's office is operated by a small room, 3 sets of chairs and 3 staff at Krishna Tower, New Baneshwor, Kathmandu. Looking at the office of the company with 555.6 million issued