Nu Banking

Sunday, 08 September 2024

Latest News for: Nu banking

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Increased credit to private sector to accelerate growth

Kuensel 07 Sep 2024

The central bank, Royal Monetary Authority (RMA), projects a 22.6 percent increase in credit to the private sector, reaching a whopping Nu 204 billion, in the fiscal year 2023-24 ... at Nu 9.6 billion.

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Car bookings spike after import ban ends

Kuensel 07 Sep 2024

Of these, 70 percent are for the new Hyundai Creta, which is priced between Nu 1.69 million and Nu 2.4 million ... Earlier, the banks provided 50 percent of the price of the vehicles exceeding Nu 800,000 and 60 percent for cars that cost less.

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Financial institutions to rigorously assess ESP applications

Kuensel 05 Sep 2024

The ESP initiative includes financial injection of Nu 5.3 billion into the banking sector, divided into two distinct funding windows ... Loans under this window are offered at 4 percent interest rate without collateral for amounts up to Nu 1 million.

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City bus service to roll out advanced bus tracking system in two months

Kuensel 04 Sep 2024

Currently, discussions are ongoing with banks to develop a system that allows people to recharge their smart cards online through their banking applications ... The FMS is funded by the World Bank through ...

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Nikachhu rakes in nearly Nu 1 billion in seven months

Kuensel 31 Aug 2024

Wangdue—In just seven months since its launch, the 118 MW Nikachhu Hydropower Project (NHP) has earned around Nu 973 million by selling about 266 million units of electricity ... Nu 1.6 billion annually.

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Check it out: Predicting Nebraska football's 2024 season

York News-Times 22 Aug 2024

Here's what the bank — Sam McKewon and Evan Bland — had to say about each game ... The bank says ... This feels like a coming-out party for the NU offense while the Miners’ roster of unknowns may keep it competitive for a quarter or two ... The bank says.

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SoFi stock is cheap; comeback could be epic

Invezz 22 Aug 2024

Some of its most notable solutions are personal loans, banking, investing, credit card, insurance, and student loans ... Its price-to-sales ratio is 3.08, which is lower than that of some other fintech companies like Upstart, Nu Bank, and Affirm.

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Nu Cybotron Spin is India’s first wireless powerbank with a fidget spinner

The Times of India 21 Aug 2024

Nu Republic launched the Cybotron ...

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Turning waste into egg trays

Kuensel 20 Aug 2024

The total establishment cost of the factory was Nu 10.5 million, of which Nu 6.35 million was loaned from Bank of Bhutan through the Priority Sector Lending scheme ... The unit earned between Nu 60,000 to Nu 70,000 from the sale of egg-trays.

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Greener Way to pioneer circular economy with Waste Bank

Kuensel 17 Aug 2024

The bank offers Nu 100 for a kilogramme (Kg) of aluminum, Nu 25 for a Kg of pet bottles, Nu 20 for a Kg of plastic waste, Nu 10 for a Kg of rubber waste, Nu 7 for a Kg of paper and cardboard, Nu 3 for ...

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A banner year for DHI as profit soars by 68 percent

Kuensel 16 Aug 2024

In financial services and technology investments, the Bank of Bhutan (BoB) saw a growth in digital transactions, with mBOB transactions increasing to Nu 67 billion and goBOB to Nu 482 million.

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Agrifood entrepreneurs break barriers

Kuensel 16 Aug 2024

Talking about the access to capital for youth entrepreneurs in the agrifood sector, the CEO of Bhutan Development Bank Limited, Tshering Om, said that the bank has given loans in the tune of Nu 4.5 ...

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Phuentsholing township project faces uncertainty

Kuensel 12 Aug 2024

This could leave 13 percent, or Nu 227 million, of the Asian Development Bank (ADB) loan un-utilised ... are carrying out the construction worth Nu 1.74 billion ... In June 2023, about Nu 3.5 million was ...

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Nu Holdings stock braces for volatility ahead of earnings

Invezz 10 Aug 2024

Nu Holdings (NU) stock price is firing on all cylinders as the company’s growth momentum in the Latin American region accelerates ... Nu Holdings can also be compared with SoFi, one of the most popular digital banking companies in the US.

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Govt. injects Nu 5.3 billion for concessional loans to revitalise economy

Kuensel 08 Aug 2024

The government is injecting Nu 5.3 billion into the banks under the Economic Stimulus Programme (ESP) to provide collateral free and low interest concessional loans and reinvigoration fund ... banks.