Commercial banks report 13.4 percent net profit growth
Commercial banks in the country earned a combined net profit of Rs 64.15bn in the fiscal year 2023/24. This represents a 13.4 percent increase from the net profit of Rs 56.57bn reported by 20 commercial banks in the fiscal year 2022/23.
A study of financial statements for fiscal year 2023/24 reported by the commercial banks show 10 commercial banks saw their net profits rise, while the remaining 10 reported a decline compared to 2022/23.
Nabil Bank Ltd recorded the highest net profit of Rs 7.06bn in 2023/24, which is 10.23 percent more than the previous year. Global IME Bank followed with a net profit of Rs 6.01bn, marking a 10.23 percent decrease from 2022/23. Nepal Investment Mega Bank Ltd came in third with a net profit of Rs 5.19bn, reflecting a 39 percent increase from the previous year.
Likewise, Prabhu Bank Ltd reported a 1,500 percent increase in its net profit. The Class ‘A’ bank made a net profit of Rs 4.48bn in 2023/24, up from Rs 280.21m in 2022/23.
Prime Commercial Bank Ltd earned a net profit of Rs 3.45bn in 2023/24, a 267 percent growth from Rs 1.02bn in 2022/23. Likewise, Kumari Bank saw a 346 percent increase in its net profit, reaching Rs 2.3bn, while the state-owned Agricultural Development Bank Ltd reported a net profit of Rs 3.65bn, up by 176 percent compared to 2022/23.
Laxmi Sunrise Bank’s net profit grew by 40 percent to Rs 3.03bn, while Himalayan Bank Ltd earned a net profit of Rs 2.83bn, an 81 percent increase compared to 2022/23. Everest Bank Ltd also saw its net profit go up by 10 percent to Rs 3.70bn in 2023/24. Nepal SBI Bank saw a 2.35 percent increase in its net profit, reaching Rs 2.01bn in 2023/24
However, Standard Chartered Bank Nepal reported a 4.51 percent decrease in its net profit to Rs 3.30bn. NIC Asia Bank followed suit, with a significant 68 percent drop to Rs 1.38bn in 2023/24.
Similarly, state-owned Nepal Bank Limited experienced a 52 percent decline in net profit to Rs 1.66bn. NMB Bank’s profit fell by 27.49 percent to Rs 2.33bn, while Citizens Bank International saw a 27.97 percent decrease to Rs 1.34bn.
Sanima Bank’s net profit also declined by 8.59 percent to Rs 2.38bn, while state-owned Rastriya Banijya Bank Ltd earned Rs 3.39bn, marking a 5.48 percent decrease compared to 2022/23.
Siddhartha Bank Ltd and Machhapuchhre Bank Ltd experienced declines of 4.51 percent and 23 percent, respectively, with net profits of Rs 3.01bn and Rs 1.25bn.
Four killed, two injured as landslide buries house in Gulmi
Four persons died and two others were injured after a landslide buried a house at Musikot Municipality-1 in Gulmi district on Tuesday.
The mudslide buried the house of Bishnu BK at Bisauna in the Municipality this morning.
The deceased have been identified as Gore BK (45), Hukum BK (67), Masuri BK (66) and Riyansi BK (2), said Madhav Kharel, a local journalist.
Two persons, who were injured in the incident, have been rescued unharmed. They were rescued with the help of Nepal Police and the locals; it has been learnt.
Incessant rainfall disrupts domestic, international flights
Incessant rainfall across the country from Monday night has affected flights. According to Tribhuvan International Airport Office, both flights—domestic and international from TIA have been disrupted due to poor visibility following incessant rainfall.
General Manager at TIA, Jagannath Niraula said a Turkish Airlines' plane was diverted to Lucknow of India and Air India's plane to Banaras this morning.
The regular domestic flights have been affected due to rain and the flights are delayed, according to the TIA. Niraula mentioned that with the improvement in visibility, flights are now in regular operation from TIA.
The Meteorological Forecasting Division has forecast heavy to extremely heavy rainfall today and tomorrow. Specially, there is a chance of heavy rainfall at one or two places in Koshi, Madhes, Bagmati, Gandaki and Sudurpaschim Provinces.
Dengue claims one, cholera confirmed in 30 persons
Vector-and water-borne disease infection is found increasing across the country.
One person has died due to dengue, the Epidemiology and Disease Control Division under the Department of Health Services stated today.
A total of 2, 365 people throughout the country have been infected with dengue since the last seven and half months.
Dengue has spread in 73 districts of the country. The number of infected persons is 537 in Koshi Province, 46 in Madhes Province, 747 in Bagmati Province, 508 in Gandaki Province, 247 in Lumbini Province, 38 in Karnali Province and 242 in Sudurpaschim Province, according to the Division.
Similarly, 287 cases of dengue have been recorded in Kathmandu Valley, 137 cases in Kaski, 133 cases in Jhapa, 116 cases in Chitwan and 110 cases in Tanahu.
Likewise, the number of cholera cases has been increasing.
The EDCD said that cholera has been confirmed in 30 people across the country. So far, there is no casualty from cholera.
Kanti Highway disrupted
The Kanti Highway has been disrupted in Lalitpur due to incessant rainfall since Monday night.
According to Chief of Bhattedanda Police Beat, Uddhav Mahat, landslides have blocked the highway at different locations in Lalitpur.
One motorcyclist was injured in a landslide at Takurche, which lies between Chhapeli and Karkibas of Bagamati Rural Municipality-3.
Landslides bury four houses in Baglung, one dead
A 15-year-old boy died after being buried by a landslide at Darlingkhola in Badigad Rural Municipality-9 of Baglung on Tuesday.
The deceased has been identified as Bidhan Pariyar, according to the Area Police Office, Bhimgoth. The body has been kept at the Burtibang Primary Health Center for autopsy. He died when a mudslide buried a house.
Similarly, three houses were buried by a landslide at Darling of Badigad Rural Municipality-10.
The disaster-affected site lies in a remote area and police are struggling to reach there, it is said.
Local people's representative Krishna Bahadur KC said it has not been confirmed yet whether there were people inside the buried houses.
Wellness influencers on Instagram
The pandemic in 2020 forced us to redefine our relationship with wellness. Suddenly, it wasn’t just about being disease free. We needed to up our immunity and be in good form. This process might have been impossible had it not been for a slew of professionals who turned to their social media accounts to bring us the resources we needed. Many of them had already been providing helpful content for years but the lockdowns allowed us to finally take notice and explore.
Fast forward several years later and most of us have again gotten caught up in the daily grind. We rush through our mornings and are often sending emails late into the night. However, our health must be our priorities, else everything will eventually fall apart. There’s so much information on the internet now, on health and fitness (and everything else), that it’s often difficult to separate the good from the bad. So, to ease you into the world of wellness online, we are recommending three wellness experts who can guide you through your journey of becoming a fitter and better version of yourself.
Satvic Movement
Satvic Movement is an online holistic health education platform. Founded in 2017, it has become a rapidly growing organization that has transformed the lives of millions of people. Subah Saraf and Harshvardhan Saraf are the people behind Satvic Movement. The co-founders battled chronic health conditions and overcame them through the Satvic way of life. Their healing journey influenced and inspired them to share what they learnt so that people could benefit from it.
Subah and Harsh apparently controlled and reversed their thyroid and psoriasis through diet and lifestyle changes. When the couple began uploading videos of the ways in which they did it, they received millions of views. Today, their YouTube channel has over five million subscribers. They have 1.7m followers on Instagram. Subah and Harsh also recently wrote a book which was published by Harper Collins. Satvic Movement, on their Instagram page, provides bite sized content on ways in which you can improve your life. They also hold workshops that you can participate in for a nominal fee.
Little Curves
Everybody wants to lose weight but not many of us know how we can do it without starving ourselves or denying ourselves the food our body craves. Dietician Khushboo Gupta who is a mindful eating coach can guide you through the process without making it seem like a herculean task. Gupta calls herself a food matchmaker, helping you attain the best relationship with food. Through her online platforms, she will guide you to make smart and healthy food choices.
Her Instagram page is filled with healthy meal recipes that you can make in minutes. There’s a no bread protein sandwich recipe that is delicious and filling. The no flour five-minute noodle recipe is so easy to replicate that you will not get packaged noodles ever again. There are many such useful eating tips and recipes for all kinds of health issues, from kidney stones and thyroid to constipation and diabetes. We recommend you go through the page to find the ones that suit you best.
Yogini Srishti
Srishti Kaushik is a yoga teacher whose Instagram page has 1.3m followers. Skilled in different styles of yoga including Hatha, Yin, Yang, Restorative, Vinyasa, and Ashtanga, Kaushik has been practicing yoga for the past 12 years. She started teaching yoga five years ago and has since then garnered a steady clientele. Her Instagram page is filled with useful tips and tricks to incorporate yoga asanas in your daily life no matter how busy you are.
She believes you can tackle all kinds of health issues with yoga and mindfulness and going by the testimonies of her clients who have reversed their thyroid issues and conceived naturally despite having reproductive health problems, it seems you can definitely put your faith in this cheerful teacher who always conducts classes with a smile on her face.
Bangladesh: Student leaders call for Nobel Laureate Muhammad Yunus to head interim govt
Leaders of the Anti-Discrimination Student Movement have proposed an interim government led by Nobel Laureate Dr Muhammad Yunus, in a bid to address Bangladesh’s ongoing challenge, Dhaka Tribune reported.
This announcement was made in a video message released early hours of Tuesday by key student leaders Nahid Islam, Asif Mahmud, and Abu Bakar Mazumdar.
Earlier on Monday night, Nahid had announced that an outline for an interim government would be formulated within the next 24 hours, as per Dhaka Tribune.
This comes after the announcement of Bangladesh Prime Minister Sheikh Hasina, who resigned from her position and departed Bangladesh.
However, as widespread violence persisted throughout the night in Bangladesh, the coordinators decided to announce their stance as quickly as possible, even in the middle of the night.
President Mohammed Shahabuddin on Monday night gave his nod to form an interim government to run the country.
Following this, a meeting was held at Bangabhaban, the presidential palace, to address the country’s deteriorating law and order situation.
Attendees included the chiefs of the Army, Navy, and Air Force, political party leaders, and civil society members.
This decision was made during a meeting at Bangabhaban after discussing the current situation with the chiefs of the Army, Navy, and Air Force, leaders of various political parties, and members of civil society, according to a press release signed by Muhammad Shiplu Zaman, Assistant Press Secretary of Bangabhaban.
The Army has been tasked with stopping the vandalism and ensuring law enforcement, which deteriorated severely after Sheikh Hasina left the country Monday afternoon.
Meanwhile, Bangladesh Nationalist Party (BNP) Secretary General Mirza Fakhrul Islam Alamgir has announced that Tarique Rahman, the party’s acting chairman, will be returning to the country very soon.
(ANI)