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Annual Report 2014/15 (English)
ANNUAL REPORT 2014/15 Machhapuchchhre Bank Ltd., registered in 1998, is a commercial bank with a network of 56 branches, including an extension counter, located at major business centres of Nepal. It has 600 plus staff; it uses Globus banking software developed by Temenos NV, Switzerland. The Bank has been named after the famous peak, Machhapuchchhre (fish-tailed), located in the Himalayan range of western Nepal. The Bank has been promoted by renowned Non-Resident Nepalese, prominent businessmen and industrialists with a clear vision and commitment to provide a full range of financial services in the most efficient and professional manner. CONTENT Board of Directors 10 Products and Services 25 Chairman’s Statement 12 Head of Department 32 CEO’s Message 14 Auditor’s Report 34 Management Team 16 Financial Statement 36 Board of Directors’ Report 19 Branch Managers 87 6 Machhapuchchhre Bank Limited / Annual Report 2014/15 BANK’S OVERVIEW The Bank, which started its operation from 2000, During FY 2014-15, despite cut-throat competition offers complete banking solutions such as varieties of and a 7.8 magnitude earthquake that hit the deposit products, inward and outward remittance and country, the Bank increased its net profits by 35%, trade finance services, retail and consumer loans as loan portfolio by 17%, deposits by 19%, number of well as loans to SME, corporate houses, and varieties customers by 15%, simplified the service delivery of infrastructure and industrial projects. processes, becoming more techno-savvy, and building a stronger balance sheet. At the end of FY 2014-151, the Bank’s total assets stood at NPR 48.75 billion and total liabilities at NPR The bank also launched various loan products specially 44.77 billion; the bank has a customer base of more meant for small scale farmers, youths involved in small than 400,000. -
Federalism Is Debated in Nepal More As an ‘Ism’ Than a System
The FEDERALISM Debate in Nepal Post Peace Agreement Constitution Making in Nepal Volume II Post Peace Agreement Constitution Making in Nepal Volume II The FEDERALISM Debate in Nepal Edited by Budhi Karki Rohan Edrisinha Published by United Nations Development Programme (UNDP) Support to Participatory Constitution Building in Nepal (SPCBN) 2014 United Nations Development Programme (UNDP) Support to Participatory Constitution Building in Nepal (SPCBN) UNDP is the UN’s global development network, advocating for change and connecting countries to knowledge, experience and resources to help people build a better life. United Nations Development Programme UN House, Pulchowk, GPO Box: 107 Kathmandu, Nepal Phone: +977 1 5523200 Fax: +977 1 5523991, 5523986 ISBN : 978 9937 8942 1 0 © UNDP, Nepal 2014 Book Cover: The painting on the cover page art is taken from ‘A Federal Life’, a joint publication of UNDP/ SPCBN and Kathmandu University, School of Art. The publication was the culmination of an initiative in which 22 artists came together for a workshop on the concept of and debate on federalism in Nepal and then were invited to depict their perspective on the subject through art. The painting on the cover art titled ‘’Emblem” is created by Supriya Manandhar. DISCLAIMER: The views expressed in the book are those of the authors and do not necessarily represent the views of UNDP/ SPCBN. PREFACE A new Constitution for a new Nepal drafted and adopted by an elected and inclusive Constituent Assembly (CA) is a key element of the Comprehensive Peace Agreement (CPA) of November 2006 that ended a decade long Maoist insurgency. -
English Annual Report 18-19.Pdf
ANNUAL REPORT 2018-19 TOGETHER WE RISE CONTENTS STRATEGIC REPORT An Overview (Vision, Mission, Objectives & Core Values) ................6 Bank’s Performance ..............................................................................................8 Financial Reviews ...................................................................................................9 Macroeconomic-Outlook ..................................................................................10 Customer Centric Business Model .............................................................. 13 CORPORATE GOVERNANCE REPORT OBJECTIVES Governance at A Glance ...................................................................................16 Board of Directors ............................................................................................... 18 The consolidated as well as standalone financial Profile of Directors ..............................................................................................20 statements, prepared in accordance with NFRS, remain the Chairman's Statement ...................................................................................... 23 The CEO’S Point of View ................................................................................. 25 primary source of communication with stakeholders. The Management Team .............................................................................................26 Department Heads .............................................................................................30 -
11 Amrit Banstola
The Journal of Nepalese Business Studies Vol. IV No. 1 Dec. 2007 Prospects and Challenges of E-banking in Nepal Amrit Banstola ABSTRACT Financial Institutions are slowly moving from Brick and Mortar (Physical branches) to click and Brick (E-banking). ATM's are the most popular electronic delivery channel for banking services in Nepal. Only few customers are using internet banking facilities. Nepalese financial institutions till date have not faced any kind of electronic fraud or risk. Banks have basic security tools like firewall, lightening/power surge protection. But it is found that the some banks are in lack of having regular back up of website information and E-banking policy. Nepalese banks are using E-banking for their own convenience and for the purpose of retaining exiting customers. The cost analysis of most of the banks in Nepal is seems to be either inadequate or not applied due to their narrow space of business transaction or lack of sufficient tools. No significant correlation was found between use of E-bank- ing and gender, marital status or salary of customer. However, Use of E-banking signification asso- ciation was found with age and education. Keywords: E-banking, Tele-banking, PC Banking, Internet Banking, Mobile Banking Across the globe, but specifically in Nepal, current trend in private banking has been the consumer movement from traditional branch banking to more stand-alone banking. In other words, a move towards using e-delivery channels such as the Internet, telephone and mobile phones. Many banks are beginning to deliver credit and deposit products electroni- cally. -
Silence Breaking the Silence
www.fridayweekly.com.np Every Thursday | ISSUE 194 | RS. 20 SUBSCRIBER COPY | ISSN 2091-1092 13 NOVEMBER 2013 @& sflt{s @)&) 9 772091 109009 www.facebook.com/fridayweekly Silence Breaking the Silence 9/11 will experience the country’s loudest musical explosion this year in the form of Silence Festival, allowing fans an opportunity to witness great acts right here in the city. Continued on page 2 Model: Ashma Singh Model: 2007 record “The Apostasy” At a glance was inspired by his trip here. getstarted What Silence Festival start off with our picks Hailed for the last two decades as one of the few metal bands Who Silence Entertainment getting better with each album, When Behemoth could be the ultimate 9 November (Saturday) Silence Breaking the Silence treat for fans here. Time 12:00 pm onwards Samyam Shrestha Opening for the Polish Where Bhrikuti Mandap Fun Park juggernauts are six killer eavy metal has come here has steadily grown. It was bands from Nepal, India and Ticket Price Rs. 700 a long way in Nepal as if the Michael Jacksons of Switzerland - UgraKarma, Hsince its introduction in metal were playing here one Underside, Newaz, Jugaa, to promote our music and bring While the previous editions late 80s-early 90s. But until after the other, while the people Zygnema, Derrick and And it to an international standard. I of the festival were held at a few years ago, no major beyond the metal circle were We Came. The festival has believe it’s getting better every Jawlakhel Football Ground, international metal band had totally oblivious to it all. -
Chemjong Cornellgrad 0058F
“LIMBUWAN IS OUR HOME-LAND, NEPAL IS OUR COUNTRY”: HISTORY, TERRITORY, AND IDENTITY IN LIMBUWAN’S MOVEMENT A Dissertation Presented to the Faculty of the Graduate School of Cornell University In Partial Fulfillment of the Requirements for the Degree of Doctor of Philosophy by Dambar Dhoj Chemjong December 2017 © 2017 Dambar Dhoj Chemjong “LIMBUWAN IS OUR HOME, NEPAL IS OUR COUNTRY”: HISTORY, TERRITORY, AND IDENTITY IN LIMBUWAN’S MOVEMENT Dambar Dhoj Chemjong, Ph. D. Cornell University 2017 This dissertation investigates identity politics in Nepal and collective identities by studying the ancestral history, territory, and place-naming of Limbus in east Nepal. This dissertation juxtaposes political movements waged by Limbu indigenous people with the Nepali state makers, especially aryan Hindu ruling caste groups. This study examines the indigenous people’s history, particularly the history of war against conquerors, as a resource for political movements today, thereby illustrating the link between ancestral pasts and present day political relationships. Ethnographically, this dissertation highlights the resurrection of ancestral war heroes and invokes war scenes from the past as sources of inspiration for people living today, thereby demonstrating that people make their own history under given circumstances. On the basis of ethnographic examples that speak about the Limbus’ imagination and political movements vis-à-vis the Limbuwan’s history, it is argued in this dissertation that there can not be a singular history of Nepal. Rather there are multiple histories in Nepal, given that the people themselves are producers of their own history. Based on ethnographic data, this dissertation also aims to debunk the received understanding across Nepal that the history of Nepal was built by Kings. -
Annual Report FY 2019/20 (English)
ANNUAL REPORT 2019-20 1 #GoDigital Annual Report 2019/20 ENABLING SMART FUTURE Machhapuchchhre Bank Limited is committed to become one of the most preferred bank in Nepal. In today’s financial market when most of the products and services offered by financial institution are same, the only difference you create is “how you deliver”. MBL does not only focus for what product we offer but also how we deliver them utilizing different means of Customer Service Excellence. Machhapuchchhre Bank Limited was registered in 1998 as the first regional commercial bank from the western region of Nepal and started its banking operations from Pokhara since year 2000. contents Bank’s Overview 06 Board of Director 10 Profile of Director 12 Chairman’s Statement 15 CEO’s Message 19 Management Team 22 Financial Highlights 25 Country’s Economic Conditions 27 Bank’s Performance 28 Human Resources 34 Corporate Governance 38 Director’s Report 47 Risk Management 62 Corporate Social Responsibility 78 Technologies 82 Products and Services 86 Remittance 91 Financial Statement 92 Branch Network 203 6 MACHHAPUCHCHHRE BANK LIMITED BANK’S OVERVIEW The Bank facilitates it’s customers’ The Bank has been promoted by need by delivering the best of highly renowned Non-Residential services in combination with the latest Nepalese, prominent businessman state of the art technologies and and industrialists with a vision and prudent international practices. The dedication to provide the best 36% Bank is the pioneer in introducing the financial products and services in PROFIT GROWTH latest technologies in the banking the most efficient and professional industry in the country. -
Political Economy in Transition Docking Nepal's Economic Analysis
NEPAL ECONOMIC FORUM ISSUE 44 | MARCH 2021 POLITICAL ECONOMY IN TRANSITION DOCKING NEPAL'S ECONOMIC ANALYSIS DOCKING NEPAL’S ECONOMIC ANALYSIS ISSUE 44 | MARCH 2021 FACTSHEETNEPAL FACTSHEET KEY ECONOMIC INDICATORS GDP (2021) *** USD 30.6 billion GDP growth rate (%)*** 0.2% GNI (PPP, 2021) *** USD 3610 Inflation (y-o-y) **** 4.05% Gross Capital Formation as of 2021, preliminary 50.2% Agriculture sector (% share of GDP)** 27.65% estimate (% of GDP) *** HDI * 0.602 Industry sector (% share of GDP)** 14.27% Rank 142 Service sector (% share of GDP)** 58.08% *HDI figure from Human Development Report of the UNDP-2020 ** Based on Nepal Rastra Bank's 12 months data of 2019/20 *** Based on World Bank Data ****Based on 4 months' Data (2020/21) CONTENTS MARCH 2021 | ISSUE 44 CONTENTS NEPAL FACTSHEET 1 EDITORIAL 4 1 GENERAL OVERVIEW 5 Political Overview 6 International Economy 8 2 MACROECONOMIC OVERVIEW 10 3 SECTORAL REVIEW 13 Agriculture 14 Energy 16 Infrastructure 17 Telecommunications 20 Real Estate 23 Education 24 Health 27 Tourism 29 Trade and Debt 31 Foreign Aid 34 Remittance 36 Environment 39 4 MARKET REVIEW 40 Financial Market 41 Capital Market 45 5 SPECIAL SECTION: POLITICAL ECONOMY IN TRANSITION 48 ENDNOTES 57 NEF Profile 61 Issue 44: March 2021 Executive Board Members: Publisher: Nepal Economic Forum Alpa B. Shakya Website: www.nepaleconomicforum.org Chandni Singh Shayasta Tuladhar P.O Box 7025, Krishna Galli, Lalitpur — Sudip Bhaju 3, Nepal Sujeev Shakya Phone: +977 1 554-8400 Email: [email protected] Advisory Board: Arnico Panday Contributors: Kul Chandra Gautam Nasala Maharjan Mahendra Krishna Shrestha Raju Dhan Tuladhar Prativa Pandey Sugam Nanda Bajracharya Shankar Sharma Sambriddhi Acharya Shraddha Gautam Sampada Shah Sneh Rajbhandari Sarik Koirala Tanushree Agrawal Senior Distinguished Fellows: Bibhakar Shakya Design & Layout: Giuseppe Savino Thuprai Solutions Suman Basnet [email protected] Senior Fellows: This issue of nefport takes into account Apekshya Shah news updates from November 16 2020 Ashraya Dixit to February 16 2021. -
Silk Road Bottom-Up: Regional Perspectives on the ‘Belt and Road Initiative’ Impressum
China-Programm China-Programme/Stiftung Asienhaus, chinadialogue (Eds.) Silk road bottom-up: Regional perspectives on the ‘Belt and Road Initiative’ Impressum Titel: Silk road bottom-up: Regional perspectives on the ‘Belt and Road Initiative’ Edited by: China-Programme/Stiftung Asienhaus Hohenzollernring 52 50672 Cologne, Germany Conception, coordination and editing: Nora Sausmikat Editorial cooperation: Christopher Davy, Vivien Markert, Gisa Dang, Courtney Tenz, Lena Marie Hufnagel, Frederik Schmitz Supported by MISEREOR The authors are responsible for the content. Concept and Design: Chanika Ronczka Typesetting, lithography and printing: Klartext Medienwerkstatt GmbH, Essen (www.k-mw.de) Coverphoto: Free Seide in der Seuk 5 (FreeImages.com/Cecilia Reifschneider) Price: 5,00 Euro Orders: Stiftung Asienhaus, Vertrieb, Hohenzollernring 52, 50672 Cologne E-Mail: [email protected] | Tel.: 0221-7116121-13 | Fax: 0221-716121-10 All rights reserved © Stiftung Asienhaus, Cologne, Germany 2017 Reprinting in any form or any means only permitted when citing authors, editors and publisher. This brochure is published under the licence of Creative-Commons-Lizenz 4.0 (CC BY-SA 4.0) ISBN 978-3-933341-76-0 2 China-Programme/Stiftung Asienhaus, chinadialogue (Eds.) Silk road bottom-up: Regional perspectives on the ‘Belt and Road Initiative’ 1 links: Foreword Foreword Asia and, above all, China is playing a major role in The purpose of the BRI project of the Stiftung Asien- implementing development and sustainability goals, as haus is to examine the effects of this initiative on the well as working towards global climate protection. And development perspectives of participating countries. thanks to China’s efforts to carve out a more active Our first report was in German and offered an initial international role, thousands of scholars, practitioners analysis of important sections of the “new Silk Road”, and NGOs, as well as politicians and think tanks, are focusing in particular on the economic corridors. -
Documentation of Indigenous Knowledge, Skill and Practices of Kirata Nationalities with Special Focus on Biological Resources by Mr
Documentation of Indigenous Knowledge, Skill and Practices of Kirata Nationalities with Special Focus on Biological Resources By Mr. Kamal Maden1, Mr. Ramjee Kongren2 & Mrs. Tanka Maya Limbu3 ACKNOWLEDGEMENT I am especially thankful to Social Inclusion Research Fund (SIRF), SNV Nepal for providing financial support to carry out this research. Thanks are also due to Dr. R. Pradhan, Dr. H. Sharma and Dr. S. Sharma, who had exposed us (SIRF, SNV Nepal Research Fellow) to reading material and relevant issues on social exclusion/inclusion and research methodology, and also valuable comments on the first inception report. Thanks are also to Dr. K.R. Rajbhandari, Dr. M.K. Adhikari, Mr. P.P. Kurmi, Mr. K.P. Limbu and Dr. K.R. Khambu for their kind help in specimens' identification. Few plant specimens were identified by tallying with the authentic specimens deposited in National Herbarium and Plant Laboratories, Godavari, Lalitpur (KATH). So, thanks to Dr. S.R. Baral for providing opportunity to work in KATH. Thanks are due to Prof. R.P. Chaudhary for his constant encouragement and help during this research. I'm also thankful to Prof. Dr. K.K. Shrestha and Associate Prof. Dr. M. Siwakoti for giving valuable inputs in developing research questionnaires and providing literatures. Similarly, I would like to thank Associate Prof. Dr. R.B. Chhetri for his valuable comments on the report contents. Thanks are also due to Dr. S.N. Jha for script correction. I also thankful to Ministry of Forest & Soil Conservation and its joint secretory Dr. K.C. Paudel for providing print copies of Access of Benefit Sharing Draft Bill 2063. -
Nepali Times: What’S Behind Your Renewed Push in and Offer Genuine Spare Parts and Servicing
#345 20 - 26 April 2007 16 pages Rs 30 Weekly Internet Poll # 345 Q. Should there be a referendum on the monarchy ahead of constituent assembly elections? Total votes: 2,938 Weekly Internet Poll # 346. To vote go to: www.nepalitimes.com Q.Are you optimistic about the outlook for the economy for the rest of the year? KUNDA DIXIT HARDER TO REBUILD: A strategic bridge at Sarai Naka in Kapilbastu that the Maoists tried to blow up three Bridge-building times is finally being repaired. Traffic has to make a 3km The people don't want more squabbling, detour while the bridge is made they want to see their country being re-built safe again. EDITORIAL dramatic achievements of the past missing. The people expected the ignoring them creates conditions year from the ceasefire to the government to be efficient about not just for anarchy and n the first anniversary of interim government, service delivery, about fast- lawlessness, but for another, far the April Uprising, there mainstreaming of the Maoists, tracking showcase projects like messier revolution. Ois cynicism inside the being able to travel along the the Sindhuli Highway or the Ring Road. In most other parts of highways without checkpoints, Hetauda shortcut to the tarai, State of the State the country there is hope for the the night buses running again, about quick decisions on An unfinished uprising p2 future. police posts being re-established, hydropower. But all they got were Many people from Jhapa to and a general feeling that things fuel shortages, power cuts, and a Guest Column Kanchanpur that we spoke to in are returning to normal. -
Landscape Aesthetics, Tourism, and Change: Case Studies in Nepal
LANDSCAPE AESTHETICS, TOURISM, AND CHANGE: CASE STUDIES IN NEPAL BY JHARNA JOSHI A thesis Submitted to the Victoria University of Wellington In fulfilment of the requirements for the degree of Doctor of Philosophy Victoria University of Wellington 2019 ABSTRACT This research explores how residents and tourists perceive landscape aesthetics in tourism-based landscapes that are continuously changing. Three case study sites in Nepal are examined. Landscapes are dynamic, multifunctional and an amalgamation of natural and human-made components that are constantly evolving, both naturally and due to human activities. Landscape aesthetics, related to experiences within and with multiple dimensions of landscape that engage all human senses, are perceived differently by different groups of people and have implications for their preservation and modification. Tourism, an integral part of contemporary society, reflects and influences changes in society and the landscape. The interrelationships amongst landscapes, change, perceptions and tourism are complex with paradoxical tensions that arise from their interconnections and interdependence. Researchers have studied and interpreted the interrelationship between landscape and tourism from different perspectives that are sometimes contradictory. The literature is fragmented with similar aspects of the landscape-tourism relationship described and conceptualized using different terminologies (landscapes, cultural landscapes, environment, place, space, nature) and with an absence of an integrated approach and a holistic concept of landscape. This research addresses this fragmentation and multiple interpretations to build an integrated approach of landscape taken as a holistic entity, where the natural, cultural, social and economic dimensions, including tourism, interact, integrate and overlap. This study adds a new perspective by looking closely at landscape aesthetics and its relation to change and tourism incorporating the perspectives of both residents and tourists.