Subscribe to RSSTHe Week
3 Chinese inmates kill guard, break out of jail
7-member taskforce formed to finalize PTA
Nepali student denied admission moves Indian court
20 hurts in bus accident in Jhapa
Clashes between Islamists, rivals in Libya kill 31
Heavyweights begin deliberation on prickly issues
CNP sends five smugglers to jail
My Republica e-Paper.
Market
  Forex
  Stocks
 
Phalano by Rajesh KC
Cartoon Archive »  

Archives
  Daily News
  Photo Gallery
Tuesday WEATHER
KATHMANDU
Thunderstorms
Low 18oC
High 27oC
Sunrise 5:42 am
Sunset 6:24 pm
 
 
Page last updated at 2014-08-31 21:12:20 RSS
  INTERVIEW
 
  Grand Bank Will Be On Track Within A Year
       SAGAR GHIMIRE  
 
    Interview with Grand Bank CEO, Parshuram Kunwar Chhetri

Grand Bank Nepal Ltd went into red in 2013/14 as its non-performing loan shoot up to 19 percent. Due to huge loan default, the bank provisioned Rs 1.93 billion for the possible loss which caused it a net loss of Rs 1.61 billion in the review period. This came as a shock to the investors who received 4.75 percent cash dividend a year earlier. Parshuram Kunwar Chhetri took charge as CEO of the bank in May this year when the bank was passing through a difficult phase. Sagar Ghimire of Republica recently talked to Chhetri to know about reasons behind the bank´s bad health and his recovery plans. Excerpts:

The bank was in a good shape until the third quarter. What went wrong in the last quarter?

 
  Traders For Scientific Regulation Of Bullion Market
       REPUBLICA  
 
    It has been more than a year that stakeholders have been working to prepare a directive to facilitate the bullion industry of the country. The directive was aimed at expediting the growth of domestic bullion market by formulating a proper and inclusive monitoring standard. However, stakeholders have not been able to give final shape to the draft directive due to lack of understanding among stakeholders regarding purity level of gold, profit margin and ways to monitor bullion outlets. As a part of Nepal Republic Media´s fortnightly round table on emerging market issues, a round table meet was conducted on the prospects, needs and challenges of the domestic bullion industry. Sujan Dhungana presents excerpts of the discussion.

We should come to an understanding on purity level

 
  Not Forming HLPC Will Lead To Confrontation
       REPUBLICA  
 
    Weekly interview with Haribol Gajurel

The December agreement between Nepali Congress, CPN-UML, UCPN (Maoist) and Madheshi parties, which envisions, among other things, forming a High Level Political Committee (HLPC), has become a bone of contention now. While NC and UML have ruled out forming any political body outside CA, UCPN (Maoist) Chairman Pushpa Kamal Dahal has threatened to obstruct House proceedings if ruling parties don’t address his demand. Why such hard stance when parties should be working on war footing for timely statute? What is the relevance of HLPC when Maoist party heads by far the most important CA committee, Committee for Constitutional and Political Dialogue and Consensus (CCPDC)? UCPN (Maoist) treasurer Haribol Gajurel, who is also a close confidante of chairman Dahal, defended party’s stand in a conversation with Mahabir Paudyal and Ashok Dahal Wednesday afternoon.

Why do we need to revive HLPC at this hour when statute drafting process seems to be going toward positive direction?

 
  Maruti Suzuki Will Focus On Product, Network And Branding
       REPUBLICA  
 
    Shashank Srivastava, the executive director, International Marketing and Product Planning of Maruti Suzuki, India was here in Nepal to study the automobile market and prepare for the launch of Maruti Suzuki Celerio. Sujan Dhungana of Republica met up with Srivastava to talk about Maruti Suzuki´s future plans and strategies in Nepal along with prospects and challenges facing Nepali auto industry. Excerpts:

Can you elaborate the purpose of your visit to Nepal?

This is the third time I´ve been here to Nepal. On each of my visit to Nepal, I´ve been witnessing that the automobile market of Nepal is growing significantly. Thus, as that of earlier visits, my visit to Nepal this time too aims to search ways and develop strategies on how the market of Maruti Suzuki can grow here. Likewise, my visit this time also intends to make necessary preparations to launch the Maruti Suzuki Celerio here in Nepal. We are preparing to unveil the new Celerio amid the NADA Auto Show next month.

 
  CA I Only Discussed Issues. CA II Is Also Resolving Them
       REPUBLICA  
 
   

 
  More Headlines:
 
  • We are providing catalytic resources to boost capacity of LDCs for export
    REPUBLICA
  •  
  • UML can't call PM 'incompetent' and yet stay in government
    REPUBLICA
  •  
  • Nepal can be promoted as best leisure market
    REPUBLICA
  •  
  • 1950 treaty will be revised
    REPUBLICA
  •  
  • Biz community expecting a lot from Modi visit
    REPUBLICA
  •  
  • We are looking for investment not charity
    REPUBLICA
  •  
  • Campaign against drunk-driving affecting wine sales
    REPUBLICA
  •  
  • The current system awards nonperformers
    REPUBLICA
  •  
  • 'NPC-led body will resolve problems in hydropower development'
    REPUBLICA
  •  
  • The new budget will contribute to inflation
    REPUBLICA
  • More Headlines»  
     

    Heed the cry
    Flood relief efforts

    Help, both in cash and kind, continues to po ...

     

    Party first
    Constitutional process

    At the half-way mark of the “one-yea ...

     

    Seal the deal
    PTA with India

    During the Nepal visit of Indian Prime Minister Nar ...

     

    Satanic verses
    Discriminatory scriptures

    Religion sets social rules and such rule ...

     

    Small is ugly
    Federating Nepal

    The central issue of federalism has, unsurprisin ...

     
    Grand Bank will be on track within a year
     

    Interview with Grand Bank CEO, Parshuram Kunwar Chhet...

    Traders for scientific regulation of bullion market
     

    It has been more than a year that stakeholders have been working to prepare a directive to facilitate the bullion indust...

     
     
     
     
    About us  |  Contact us  |  Advertise with us  |  Career   |  Terms of use  |  Privacy policy
     
    Copyright © Nepal Republic Media Pvt. Ltd. 2008-14.