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Development plan & economic stability

Insurance
Premier insurance
Premier Insurance Company (Nepal) Limited has emerged as a renowned general insurance company of the second generation. The company has earned a reputation in the local and international insurance and reinsurance secors as well for its professionalism and services.
Sagarmatha Insurance Company
Himalayan Gen. insurance
National life insurance company Nepal

Banks in Nepal
Nic bank - life savings account
NIC Life savings account for ensuring of your savings, high return & your financial & personal security
Siddhartha bank limited

Offers US dollar saving account with high return
Standard Chartered
Bank of Kathmandu
Machha Puchchhre bank
Nepal Investment Bank
Laxmi bank
Kumari bank
Lumbini bank
Nepal credit & commerce bank
Nepal Industrial & Commercial bank
Nepal merchant bank & fin.
Development credit bank

 

News item 16-12-2006
 

The cabinet has passed an Immediate Action Plan (IAP) for the fiscal year 2006-07 in an attempt to expedite development process and maintain economic stability in an effective way, as growth still seems discouraging primarily due to low economic activities.
IAP focuses mainly on achieving major economic goals such as high, sustainable and broad economic growth; social sector and rural infrastructure development; good governance and inclusive development, says a source at the ministry of finance.
Under these four areas, the government, through its action plan, has reiterated to take action against the wilful defaulters, which will encourage
the borrowers to repay their outstanding dues — especially of the Rastriya Banijya Bank (RBB) and Nepal Bank Ltd (NBL). Government expects that the overdue loans will be collected from defaulters as the financial health of the banks is yet to be improved.

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