What everyone needs to know about Prabhu money transfer.

Ranga Singh
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Prabhu money transfer is the second-largest remittance company after IME and It is one of the best remittances companies among three dozen similar businesses in Nepal. Prabhu’s money transfer Nepal is a sister company of the Prabhu group, which has 10 more brands including, Prabhu pay, Prabhu bank, Prabhu digital life, Prabhu TV, etc.

The organization is a popular money transfer among the NRN (Non-Resident Nepalese) in Malaysia, the Gulf countries, and Prabhu online is also the most preferred method to send money from the USA to Nepal.

How is Prabhu famous in Nepal more than the remittance?

Although it is the second in the domestic transfers, it is close to IME remit, in the international transaction in Nepal. Parbhu money transfer has succeeded in bringing millions of dollars in Nepal from abroad because it provides competitive exchange rates and low service changes.

Anyone who abroad always sends money that provides a good exchange rate right? Many organizations may provide cash transfer services to Nepal in your place. However, it is important for you to remember the following, before selecting the money transfer services;

  1. Money exchange rates
  2. Service charge
  3. Reliability of the firm
  4. Payment locations in the country of destination.
  5. Bank integration.

The Prabhu does not only provide the money transfer services to Nepal but also to the other countries in South Asia and East Asia. Although the Prabhu has not the nearest office in your location the following institutions can be the option to collect money to the beneficiaries.

What are Prabhu Money Transfer Payment Methods?

  1. Cash pick up
  2. Bank account deposit

There are 5,400 agents and banks that provide the cash payment services and hundreds of Prabhu’s customer help desk in Kathmandu valley. For your convenience, you can choose whether cash picks up or account deposit option while sending.

International partners of Prabhu remittance for sending money.

  1. INSTA CASH
  2. MoneyGram
  3. ALZAMAN EXCHANGE
  4. AHALIA EXCHANGE
  5. ALDAR
  6. ALJAZEERA
  7. ALMIRAQ EXCHANGE
  8. BANK ALBILAD
  9. CIMB ISLAMIC
  10. CITY EXCHANGE
  11. EZ REMIT
  12. GECO
  13. HABIB QATAR
  14. INCENTIVE REMIT
  15. SIGUE
  16. TML
  17. TRANS FAST
  18. UAE EXCHANGE
  19. EXPRESS MONEY
  20. OMAN EXCHANGE
  21. UNIQUE EXCHANGE
  22. EXPRESS MONEY
  23. JRF INTERNATIONAL (JAPAN)
  24. AL RAJI BANK

International partners of Prabhu remittance for payment money

  • Bangladesh: More than 15 banks in Bangladesh provide cash payment services from their networks or deposit money into the receiver account.
  • Pakistan: Cash pick up or bank account credit facility provides through the four banks.
  • Nepal: 4500 agents pay the cash and bank account deposit facility for all types of financial institutions.
  • Malaysia: 40 local agents and Prabhu remit offices and CIMB banks and its branches across Malaysia.
  • Indonesia: Cash pick up and account credit facilitates by Pt Bank Rakyat Indonesia and Pt Fusindo.
  • Philippines: Metro Bank, Bank of Commerce are the partner of Prabhu remittance and they provide the Instant a/c credit services.
  • Sri Lanka: through Sampath Bank, Hatton National Bank, Bank of Ceylon.
  • Vietnam: DONGA MONEY TRANSFER
  • India: 3800+ networks for cash payment and Instant account credit to all banks in India.
  • Japan: JRF international remittance.
  • Bhutan: Instant account credit & cash payment services.

HOW CAN I send MONEY THROUGH PRBHU MONEY TRANSFER ONLINE?

Send money to Nepal using the online method without going to the Prabhu counter or its partner agency. You need to register on their website and you have to complete the four steps.

  1. Create a profile
  2. Fill out the personal information
  3. Provides the contact information and address
  4. Security information
  5. Fill out the recipient’s information.
  6. Pay to  Prabhu money transfer USA by your credit, debit card, or via bank account and
  7. confirm for the transaction.

How long does it take to deliver the fund to the country of destination?

The entire process will be completed immediately and instant cash can be paid, unless the issue arises from the sender’s side. If the holiday occurs in the sending or receiving country the fund can available in next day.

Top 10 remit companies in Nepal.

20 countries, where security guard salary is higher

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20 countries, where security guard salary is higher

The security guard salary varies widely depending on the country, state, and company. The private security industry is expanding rapidly across the globe as people increasingly prioritize the protection of their safety and property.

In many countries, including the United States, Australia, the UK, and France, the number of private security personnel has surpassed that of police officers. This trend highlights the growing demand for security services worldwide.

In developed countries, the concept of professional security has become deeply embedded, and security guards must obtain a license before starting their duties.

The training and licensing process helps the security professionals to equip with the necessary skills to handle their responsibilities effectively.

To receive a license, a security guard must complete training and pass a security test, which is typically issued at the state or federal level.

Given that security work involves safeguarding people and valuable assets, it is essential to bring security personnel under a common regulatory framework and ensure their compliance with established rules.

In advanced countries, these principles are already in place. The private security industry and individual security personnel must adhere to state or federal security regulations.

Any violations of these rules can result in penalties, reinforcing the importance of maintaining high standards in the industry.

Regulation of the security industry authority is responsible for enforcing rules and regulations among security officers and companies.

Depending on the country, this regulatory body may operate at the state or federal level. The authority’s role is critical in ensuring that security personnel meet the required standards and that the industry as a whole operates within the legal framework.

From this perspective, security personnel can categorize into two main groups:

1. Professional Security Guards:

These individuals are trained, licensed, and adhere to the regulatory standards set by the authorities. They are typically found in developed countries where the security industry is well-regulated.

2. Non-Professional Security Guards:

In contrast, non-professional security guards are often working in developing countries. These guards may lack formal training or licensing and they often hires without meeting the necessary qualifications.

In developed countries, security guards are professional, and they command higher wages.

The training they receive not only enhances their skills but also increases their value in the job market.

Consequently, the salary of security guards in developed countries tends to be significantly higher than that of their counterparts in developing nations.

In this article, we explore the countries where security guard salaries are among the highest globally. Notably, European countries dominate the list, as they offer some of the most competitive wages in the security industry.

From Asia, only a few countries make the list, indicating that competitive salaries for security personnel are not as widespread in this region.

Although the United States is the world’s largest economy, it lags behind some European countries in terms of the average salary for security guards.

Some countries pay security guards daily or hourly though in some places receive monthly wages. This variance in payment methods further highlights the differences in how security security guard salay across the globe.

In conclusion, the security guard salary may vary by a range of factors, including geographic location, regulatory standards, and the level of professionalism in the industry.

Developed countries tend to offer higher salaries and better working conditions for security personnel, reflecting the importance placed on their role in society.

As the demand for private security continues to grow, the disparity in wages between developed and developing countries is likely to persist, underscoring the need for ongoing efforts to professionalize the industry globally.

Security guard salary higher paying countries

Explore top 40 Courier Services in Nepal

Ranga Singh
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Courier Services in Nepal: A Growing Industry

The courier services industry in Nepal is experiencing rapid growth as individuals and businesses alike seek efficient and timely delivery of cargo and packages.

Although Nepal has a national postal service, many people prefer private courier services for non-government-related tasks due to their reliability and speed.

Since the end of the ten-year armed conflict, Nepal has been steadily progressing in its development. This resurgence has led to the revival of many private companies and the establishment of new ones, all of which heavily rely on courier services to deliver parcels and documents across the country.

As Nepal becomes increasingly integrated into global trade, the demand for international courier services has also risen, making it easier to send and receive parcels from abroad.

 How to Send a Courier to Nepal?

Sending a courier to Nepal is straightforward. International logistics companies have made this process seamless by setting up agent offices within the country.

These agents often operate through multiple branches or partner with local courier services to ensure parcels are delivered even to the most remote areas.

The majority of courier service providers are headquartered in Kathmandu, the capital of Nepal, and collaborate with district-level courier services when they do not have a direct branch at the destination.

How to Send a Courier from Nepal to Another Country?

Sending a courier from Nepal to another country is just as easy. Numerous international courier service providers operate in Nepal, offering reliable and efficient services to ensure your package reaches its destination without any hassle.

List of Courier Services in Nepal

Below is a comprehensive list of courier services in Nepal, highlighting the available options for both domestic and international deliveries:

  1. Nepal Express Parcel & Logistic P. Ltd. – Kathmandu (01-4486173).
  2. Nepal Can Move Courier – Kathmandu (977 01 5970736)
  3. Kourtier Courier Service – Siddharthanagar (071-526366)
  4. Pacific Freight Nepal Pvt. Ltd (Cargo & Courier in Nepal) – Kathmandu (01-4513752)
  5. Speedex Worldwide Pvt. Ltd.– Kathmandu (01-4480405)
  6. NepXpress Cargo & Courier – Kathmandu (01-4783933)
  7. Ideal Courier Service – Kathmandu (985-1168433)
  8. FedEx Express- Kathmandu (01-4269248)
  9. DHL Express Nepal Pvt. Ltd. – Kathmandu (01-4481303)
  10. Direct Way Exporters (Direct Way Cargo & Courier in Nepal) – Kathmandu (01-5350337)
  11. United Nepal Courier & Cargo Pvt. Ltd. – Kathmandu (01-5244679)
  12. Air Supreme Couriers (P.) Ltd. – Kathmandu (01-4257342)
  13. Sajha Worldwide Courier– Kathmandu (015706789)
  14. Worldwide Express Courier Service– Kathmandu (01-5533813/5533814)
  15. TNT International Express – Nepal – Kathmandu (01-4269248)
  16. DTDC Worldwide Express Pvt. Ltd. – Kathmandu (01-4497068)
  17. Florida International Export P. Ltd. – Kathmandu (01-4700051)
  18. Pony Worldwide Express Nepal – Kathmandu (01-4268652)
  19. Unique Freight International Pvt. Ltd. – Kathmandu (4495007 / 4478320)
  20. Noble Logistics Nepal (P) Ltd. – Kathmandu ( 01-4536446)
  21. Bullet International Cargo Pvt. Ltd. – Kathmandu (01-4221627)
  22. Atlas International– Kathmandu (014112396, 014112390)
  23. G.A.C. Express Nepal Pvt. Ltd. – Kathmandu (01-4266178)
  24. Nepal Shipping & Air Logistics Pvt. Ltd. – Kathmandu (01-4784572)
  25. NPL Parcel (Cargo & Courier in Nepal) – Kathmandu (01-4254422)
  26. Tibetan Export & Cargo– Kathmandu (984-1242522)
  27. Namaste Cargo Nepal (P) Ltd. – Kathmandu (4700720/ 9801006432)
  28. Prime Express Courier And Cargo Pvt. Ltd. – Kathmandu (01-4111515)
  29. Aero Freight Nepal Pvt. Ltd. – Kathmandu (01-4701576)
  30. Everest International Export Pvt. Ltd. – Kathmandu (01-4701019)
  31. Buddhaland Export Worldwide Cargo Service – Kathmandu (01-4219231)
  32. Air Bridge Cargo Pvt. Ltd. – Kathmandu (01-4436554)
  33. Aramex Courier– Kathmandu ( 01-5970223)
  34. Royal Express Cargo Pvt. Ltd.- Kathmandu (01-4424822)
  35. Sky Net Worldwide Express– Kathmandu (01-4497073)
  36. Super Kinetic Nepal Pvt. Ltd. – Kathmandu (01-5361666)
  37. Secure Freight International Pvt. Ltd. – Kathmandu (01-5343975)
  38. Aero-Ship Logistics Nepal Pvt. Ltd.– Kathmandu (01-5352582)
  39. Shangri-la Freight Pvt. Ltd – Kathmandu (01-4907697)
  40. Couriers Nepal. – Kathmandu ( 01-5920475)

Nepal’s courier service industry is a vital link in the country’s logistics chain, ensuring that both domestic and international deliveries are handled with care and efficiency. Whether you’re sending a parcel across.

Amazon in Saudi Arabia, learn what kind of services it provides.

Ranga Singh
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Amazon is the fourth-largest company in the world after Google, Microsoft, and Apple. It’s an American tech. Companies whose business is e-commerce, cloud, digital streaming, and artificial technology. Amazon in Saudi Arabia has officially completed replacing Souq.com after purchased the Dubai based e-commerce company and well known in the GCC country.

$580m deal wrapped up acquiring Souq.com in March 2017 in Dubai since then amazon UAE had started providing online shopping services to the UAE base customers but Users in other gulf countries have been buying in Souq.com.

Now all the customers or website visitors for Souq.com will be redirected to the Amazon.sa and they will lend on the Amazon official website. The Amazon to Saudi Arabia will offer similar services to those offered in other countries around the world.

Although Amazon KSA will not face difficulties in finding customers because many customers are already loyal to Souq, the focus has now been on attracting customers. Here are some of the primary services in Saudi Arabia.

  1. Free shipping;

Although their business policy is to charge the buyer or seller shipping costs, the customer who purchases in the Amazon Saudi Arabia will obtain items without paying any additional costs.

2. Next-Day delivery services;

If the customer has ordered any item from Amazon SA, the prices are more than 200 Saudi Riyal and the item will be shipped on the next day without any delivery charges.

3. Same day delivery services;

Shipping will take place on the same day if customers are willing to pay additional charges for delivery.

4. Purchases from Amazon store;

The customers can buy items from the online shop of the amazon.

5. Buy with others;

Customers may purchase from the national and international sellers those who sell their own products on the Amazon website. However, charges may apply depending on the delivery time frame.

6. Sell the products;

In the same way, to other countries, national and international enterprises, and individuals can sell their own products after creating a virtual shop.

7. Affiliate Marketing;

Individuals can sell other products by promoting a link on the website. Any purchase made by clicking on a link to get a commission can vary depending on the product.

8. Amazon MTurk;

People can earn some money by completing small tasks including data validation, writing review, and other online work.

9. Cloud services;

Digital ocean is the amazon data hosting platform the service is available in the GCC, you can host your website or other official data.

10. Offer and discount;

The Amazon to Saudis has a number of discounts and promotions that buyers can take advantage of opportunities to buy a quality product at a low or huge discounted price.

Amazon for Saudi Arab has not offered the amazon prime in Saudia, just like the users have been enjoying in the UAE, however, it can roll out in the future.

list of microfinance in Nepal and their area

Ranga Singh
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Nepal is one of the countries with a population of 2.5 Crore and still half of its population has no access to financial services. The government of Nepal promoted microfinance companies by providing subsidized loans, not much legal hindrance for registration, and no paid-up capital requirement. The main reason behind this initiative is to enable the poor and deprived community to access banking services. The below table displays the list of microfinance in Nepal till April 2020.

Concept of Microfinance in Nepal;

After learning from Bangladesh, the country where the microfinance initiative was born and succeeded, the government of Nepal also allowed the company to register without any paid-up capital to provides similar services in Nepal.

SARC (South Asian Regional Cooperation) countries share a similar challenge where most of the country’s population lives under the poverty line and they are out of the financial services.

The concept of microfinance in Nepal is to provide financial services, including micro-credit, micro-savings to poor and disadvantaged communities. Allow them to carry out micro-business activities from where they can lift their financial condition.

While corporate banks A, B, C-class financial institutions have not reached the rulers and poor communities. Microfinance companies in Nepal have emerged to fill these gaps, with the result that now there are 90 microfinance banks in Nepal.

Who oprates microfiance in nepal?

Although there are 90 microfinance companies in Nepal they have different areas of the operation. Some microfinance companies are limited in one district, some are few districts and some have a national level of operation.

Other financial institutions such as cooperative also can work in the microfinance sector, Mostly microfinance institutions fave focused on the women, because, culturally they have deprived of the financial decision in a family.

Now the A-class commercial banks also operate the microfinance services, because, central bank requires that some portion of their capital should go to the deprived communities. If any commercial bank which has not operated a microfinance program it should provide the fund to the microfinance institution through wholesales landing.

Microfinance function in Nepal

  1. To Disburse micro-credit, with or without any movable or immovable property as the collateral or security, for operating any micro-enterprise prescribed by the Rastra Bank to any project, any group or a member thereof which/who have regularly saved for the period and maintained the prescribed saving,
  2. To accept loans or grants from any bank or financial institution or native or foreign organization or institution, and use such loans or grants for the supply of micro-credit or for making the same effect.
  3. Obtain a loan from the Nepal central bank or from any foreign organization.
  4. Prior to disbursing micro-credits, evaluating the schemes for which micro-credits have been requested and determining whether or not they are feasible,
  5. To provide necessary services and consultation to groups with regard to the mobilization of microfinance,
  6.  carry out necessary actions for recovery of the microcredits on time,
  7.  To accept deposits and refund such deposits subject to the limit prescribed by the Rastra Bank by getting approval of the Rastra Bank,
  8. To issue shares, debentures, bonds, etc. for the purpose of meeting the capital fund requirements,
  9.  exchange information or notices on debtors or customers who have obtained credit or any kind of facility from it and other banks or financial institutions with the Rastra Bank or any other bank or financial institutions.
  10. carry out such other functions as prescription of the Rastra
    Bank.

List of the development of Nepal

list of microfinance in Nepal;

[table id=8 /]

emirates airline news today firing 30,000 employees

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emirates airline news today firing 30,000 employees

The world’s largest widebody career emirates airline has just completed the meeting on Monday with the employees who are being terminated from their roles due to the COVID 19 pandemic. As the  Bloomberg Reported about emirates airline news today, The headquarters of the company was packed, because, a huge number of the people were presented.

The meeting was emotional because the job losers will face uncertain careers near the future, because, many airlines company have impacted due to the pandemic and they will not hire the new staff until mid of 2021.

After the national and international fight baned from the government of UAE and government of other countries most of the Emirates Aircraft have been grounded except few are active for the repatriation flights.

Passengers especially those who have visited the gulf region they love to fly to the Emirates airline because of superior services and modern aircraft, as well as the Skywards customer loyalty program.

Although the company has not confirmed the number of employees who will discharge from duty, there is a strong indication that the airline will cut a lot of jobs to preserve cash in the current situation.

According to Bloomberg’s news, the top official of the Emirate Airline said that the organization would lay off up to 30,000 active employees or that the number could reach one-third of the total staff.

Who’s going to lose the job with Emirates Airlines?

The government of the UAE has implemented new degrees to help the privates organization, allowing the employer to reduce the worker salary or restructure the current contract on mutual agreement. The workers have no choice whether to accept the salary reduction or lose the job.

The new degree also protects UAE nationals, restricts the company from dismissing any citizen of the UAE. It is, therefore, clear that there will be no impact on the UAE national job although they are working with Emirates Airlines.

Who losing the jobs?

According to the Emirates airline, today news publishes on Bloomberg the following employee will lose the job in UAE and worldwide.

  1. Expatriates workers most of the cabin crew.
  2. More than 3000 engineer
  3. Hundreds of the pilot
  4. UAE resident, a ground airline workers

Emirates airline had mentioned on the termination letter “You will receive your contractual basic salary and fixed allowances applicable to your grade and position until your last day of service” on September 13”.

Since the company halted its operation it has been paying the reduced salary for the employees, but now the time has come to say goodbye to the best company to work in the UAE.

Although the UAE government wants to help the emirates airline through the stimulus packages it will recover when the COVID 19 vaccine is available in the world.

List of commercial bank in Nepal, A class

Ranga Singh
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Commercial banks are A-Class financial institutions in Nepal which are the main driving force of the business activities. As they have more authority from the central bank to engage deeply into the financial activities they provide broader arrays of financial services to the individuals and institutions. All types of financial institutions are regulated by the Central Bank including the list of commercial bank in Nepal that we have provided below;

Although 3 dozen commercial banks established in the country now only 27 have remained, because, the big merger had occurred a result of the central bank policy. We have published here the latest list of commercial banks in Nepal.

Main Roles and function of commercial bank in Nepal

  1.  Accept deposits or mobilize deposits through various financial instruments and make payment with or without interest.
  2. Accepting deposits, making payments, having transactions, carry on intermediary services and transfer funds through various electronic instruments or devices,
  3.  lend loans including hire-purchase, leasing, housing, and overdrafts.
  4. To lend loans on the guarantee of a foreign bank or financial institution,
  5.  supply or managing loans from the amount received from the Government of Nepal or other native or foreign agency for the promotion of a project,
  6.  Write-off credits subject to the prevailing credits write-off Bylaws,
  7. Issue shares, debenture, debenture bond purpose of meeting capital.
  8. The issue, accept, pay, discount or purchase and sell letters of credit, bills of exchange, promissory notes, cheques, traveler’s cheques, drafts as well as other financial instruments,
  9.  The issue, accept and manage digital card or other instruments for electronic transactions and appointing agents for carrying out acts relating thereto,
  10.  Carry out foreign exchange business subject to the prevailing laws,
  11. Carry on government transactions subject to the limits, terms and conditions or direction of the Rastra Bank,
  12. Purchase, sell or accept treasury bills issued by Government of Nepal or bonds issued by the Rastra Bank,
  13.  Take responsibility for and arranging for the sale or purchase of shares, debentures or securities; collecting interest, dividends, etc.
  14. Earning from shares, debentures or securities; remitting or transmitting such interests or dividends to places within or outside Nepal.
  15. Arranging safe deposit vaults for customers acting as a commission agent of its customers,
  16. To carry on off-balance-sheet transactions,
  17. Buy and sell gold and silver bullions,
  18. Manage properly or sell its assets of every type to come under its own according to this Act and the prevailing laws,
  19. To perform other functions as may be prescribed by the Rastra Bank

list of commercial bank in Nepal. 

[table id=10 /]

You may interest;

List of development banks in Nepal

List of finance companies in Nepal.

Top Investment banks in UAE and Dubai.

Ranga Singh
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Investment banking is not similar to conventional banking where the bank offers deposit and loan options to the customers. An organization that provides investment banking services, it arranges or finds, the capital for the other organizations that have subscribed to its services. If any company wants to fund or sell bonds or stocks the investment banks in UAE find the potential investor for them.

There are only a few financial institutions registered as an investment bank, but many of the commercial banks in the UAE provide investment services through a separate department.

The Union law (10)-1980 has defined an investment bank as a bank that does not accept deposits whose maturities are less than two years but may borrow from its head office, from local or foreign banks, or from financial markets.

The majority of foreign banks in the UAE provide investment and asset management services. Here is a list of the best investment banks in the United Arab Emirates.

Investment Banks in the UAE

  1. Morgan Stanley Co International;

It is an American multinational investment bank that has a business footprint for every developed or developing country that has a large financial market. The primary businesses of the organization are institutional securities, wealth management, and investment management.

In the United Arab Emirates, the bank has been providing the service since the establishment of its branch, including;

  • capital raising and financial advisory services
  • mergers and acquisitions advisory,
  • restructurings,
  • real estate,
  • project finance,
  • corporate lending.

It is one of the best foreign investment banks in the UAE and well established in the world.

2. HSBC Financial Services;

It is also another international bank that provides investment banking services in the UAE. The UK-based bank has provided both services to conventional banking and investment banking to the customers.

In the investment sector, it works with both party investors and fund seekers. HSBC offers the customer to select the option of internationally bound from Asia, the Eurozone, and the US. Those who are UAE residents have the opportunity to access the International Fund. Including equities, bonds, and special sector funds.

3.  Emirates investment banks

It is the only Emirates bank that is fully operational and authorized by the Central Bank to conduct investment banking in the UAE.

Although investment banking is its primary business it provides expert services including;
  1. Asset management
  2. Wealth planning
  3.  Lending
  4. Investment and
  5. Daily Banking

4. Noor Capital

It is an entity approved by the central bank of the United Arab Emirates to operate investment and advisory services in the financial sector. The company has registered with the Abu Dhabi Department of Economic Development and has been providing specialized services to the customer.

Noor capital provides the broader array of the services except the investment services some of them are;

  • Financial advisory
  • Investment
  • Fund administration
  • online forex trading platform

The investor may get the opportunities to invest in the products owned by the Noor capital or the third party.

5. Allied Investment Partners

The company was established in 2007 after obtaining the operating license from the central bank of the UAE. Although the company does not have many years of experience in the financial sector, highly qualified experts have contributed to the company as well as to the growth of the customer’s investment.

Services;

  • Asset management
  • Investment advisory
  • Wealth management
  • security and corporate advisory

6. Rasmala 

The company was founded in 1999 as an independent investment management manager. Initially, it was operated in the Gulf region, but now its geographic business footprint has reached the advanced financial market in the world, including London.

Rasmala provides a range of investment options to UAE residents in the world’s largest financial market. The services it offers are higher and the outstanding revenue generates to the customer.

7.SHUAA Capital

It is a UAE based old investment and wealth management company that was established in 1979 in the UAE, the headquarters of the firm is in Dubai. SHUAA has worked in the Gulf region to get the investment fund out of the foreign market and to allow the gulf resident to invest in the world market.

The company offers investors, products, and services with value-added advice and It is a pioneer in the field of exceptional product offering and excellence in financial services, in particular asset management and SME financing.

Services;

  • Investment Banking
  • Capital Markets
  • Lending
  • Asset Management
  • Corporate manages

8. EnTrustPermal Investment 

It is a London based investment management company that has an office in Dubai. EnTrust Global offers the broader ranges of investment options to the institutions and individuals. The firm provides investment and advisory services including; More

  • co-investments,
  • private debt and real assets,
  • multi-asset and
  • multi-strategy portfolios

9. Palma Capital Limited

The company founded in 2009 in the Dubai international financial center (DIFC). The company offers corporate financial advisory and investment Opportunites, especially in the local market.

It allows investors to find the investment alternative and to finance the necessary companies.

Conclusion;

As I said previously many commercial banks in the UAE offer investment banking services, however, these above financial institutions are the best and top investment banks in UAE and well known from the general public.

Full list of development bank in Nepal by today

Ranga Singh
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The Central Bank has rated the development bank in Nepal as the B-Class bank. The national ranking of the financial institution is second following the commercial banks.

Opening the development bank was easy, as the government thought that more financial institutions would allow all kinds of people to access financial services. Under this initiative, Many development banks were established and approved by the central bank.

That concept brings weakness to the financial markets. It was difficult for the central bank to regulate them, because of, many financial institutions in the market.

Therefore, on the one hand, the government introduced the merger policy. And, on the other hand, increased the paid-up capital.

Result for that, several banks merged with commercial banks and some merged with the finance companies to meet the government requirement. By mid-April 2020, only 23 development banks have remained and the number will fall in the future.

Although 1 year has passed since the NRB raised the paid-up capital, many development banks have not met the requirements of the central bank.

There are three types of development banks in Nepal depending on their paid-up capital and area of operations.

  • 1- 3 districts operation
  • 4- 10 districts operation
  • nationwide operation.

The present requirement of paid-up capital for the development bank is NRs.500 million, 1.2 billion, and 2.5 billion respectively. Despite, the categorization they provide similar services.

commercial banks in Nepal

The functional area of a development bank in Nepal

list of a development bank in Nepal

[table id=9 /]

Development banks in Nepal give their customers a high interest in deposits and they also have a high interest in their loan products. Most of the development banks provide the modern banking including, ATM, mobile banking, and internet banking.

However, the B-Class banks in Nepal run with a high-profit margin they have no choice without merging with other financial institutions to meet the government requirement of paid of Capital or raise the fund internally for paid of Capital.

Full list of Active Finance Company In Nepal,

Ranga Singh
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The central bank of Nepal has divided the financial institutions into 4 categories depending on their paid-up capital and other financial responsibilities. The finance company in Nepal is categorized as a “C” class financial institution following a development bank.

The categories of Financial institutions in Nepal

  1. A-Class (Commercial Banks)
  2. B-Class (Development banks)
  3. C-Class (Finance company)
  4. D-Class (Micro Finance company)

What types of financial transactions are carried out by a finance company in Nepal?

  1. Disburse credit for hire-purchase, leasing and housing loans,
  2.  Make arrangements for jointly disbursing credits on the basis of consortium financing in collaboration with other banks or financial institutions. However, the mutual agreement requires the division of the collateral.
  3.  Accept loans having mortgaged its movable and immovable assets,
  4.  properly manage its assets, sell or rent as well as lease them out,
  5.  the issue, accept, make a payment, discount or purchase and sell, such as bills of exchange,  promissory notes, cheques, traveler’s cheques, in addition to other financial instruments,
  6. Carry on the transaction of foreign currencies by obtaining approval
    from the Rastra Bank,
  7. Disbursement of the loan to any person, firm, company, or institution.
  8. Financing motor vehicles, machinery, tools, equipment, durable household goods or similar other movable property,
  9.  provide leasing finance to any person, firm, company, or institution to hire vehicles, machines, tools or instruments, household durable goods, or similar types of movable assets.
  10. Issuing guarantees for their customers to execute bonds, for buying movable or immovable properties as collateral or on a mortgage.
  11. Sell off or leasing out whole or part of its assets
  12. Prescribe prices of goods on consent with the finance company and seller in case any goods procured to sell to another purchaser on the current price or deferred price.
  13.  Carry out other functions as the prescription of the Rastra Bank.

Although there were over 100 financial companies participating in Nepal’s financial market, the number of finance companies has decreased in the last five years, because, the majority of those have already merged with a commercial bank in Nepal.

Since the NRB increased the paid-up capital for all types of financial institutions in Nepal that forced the C-class Finance to merge with another bank or financial institution.

List of the Finance Companies In Nepal

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