Prabhu Bank Limited
Prabhu Bank's stock dropped 1.26% today to Rs 187.5 from Rs 190.0 yesterday. There was no specific news related to the bank today, so the decline likely reflects broader market or sector movements rather than company-specific developments.
Sector: Commercial Banking
Summary
Prabhu Bank is preparing to issue NPR 5 billion in preference shares via private placement to strengthen its capital base. The bank continues to consolidate parts of its branch network to improve operational efficiency while maintaining regular partnership and CSR activities, including significant flood relief efforts. Recently, it has also introduced attractive home loan offers targeting Nepalis abroad and launched an international travel Visa card to facilitate global payments. Additionally, Prabhu Bank has partnered with Rushka’s Beauty Studio to offer exclusive discounts to customers and staff. Recent news about the former CEO's legal issues has surfaced but has not significantly impacted the bank's strategic direction.
Recent moves
Dropped 1.26% to Rs 187.5 — no specific news, moved with broader market
Gained 1.82% to Rs 190.0 — no specific news, moved with broader market
Gained 2.25% to Rs 186.6 — no specific news, moved with broader market
Gained 0.39% to Rs 182.5 — no specific news, moved with broader market
Dropped 0.44% to Rs 181.8 — negative sentiment following news on former CEO's loan misuse case
Gained 0.05% to Rs 182.6 — no specific news, moved with broader market
Dropped 1.88% to Rs 182.5 — no specific news, moved with broader market
Dropped 0.53% to Rs 186.0 — no specific news, moved with broader market
Gained 0.11% to Rs 185.3 — no specific news, moved with broader market
Dropped 0.48% to Rs 185.1 — no specific news, moved with broader market
Gained 1.39% to Rs 189.1 — continued positive sentiment on new home loan offer for Nepalis abroad
Gained 1.39% to Rs 189.1 — continued positive sentiment on new home loan offer for Nepalis abroad
Gained 1.39% to Rs 189.1 — continued positive sentiment on new home loan offer for Nepalis abroad
Gained 1.39% to Rs 189.1 — continued positive sentiment on new home loan offer for Nepalis abroad
Gained 1.39% to Rs 189.1 — positive sentiment on new home loan offer for Nepalis abroad
Gained 1.39% to Rs 189.1 — no specific news
Gained 2.09% to Rs 185.3 — no specific news
Gained 2.09% to Rs 185.3 — no specific news
Gained 2.09% to Rs 185.3 — no specific news
Gained 2.09% to Rs 185.3 — no specific news
Context
Prabhu Bank is set to issue NPR 5 billion in preference shares through private placement, a strategic move aimed at enhancing its capital structure and financial stability. Management has also signalled branch consolidation to improve operational efficiency. Recently the bank has been active in CSR and community support (including supplying tents and sleeping bags for relief efforts), and group-related activities like insurance and mutual fund actions have been noted across affiliated entities. The bank’s recent flood relief contributions and nationwide blood donation campaign highlight its ongoing commitment to social responsibility. Additionally, the bank has launched a new home loan product offering up to NPR 3 Crore with a 25-year repayment plan and a low 0.50% fee targeting Nepalis abroad, which is expected to attract more customers and boost business. Most recently, Prabhu Bank introduced an international travel Visa card to facilitate global payments for its customers, expanding its product offerings for Nepalis traveling abroad. On 2026-10-02, Prabhu Bank partnered with Rushka’s Beauty Studio to offer exclusive discounts to customers and staff, enhancing its customer engagement and brand presence.
In early October 2026, former Prabhu Bank CEO Ashok Sherchan was jailed over loan misuse and regulatory violations involving over NPR 7.7 crore. This legal development has caused some negative sentiment around the stock but has not yet led to any reported changes in the bank’s current management or operations.
No new structural or governance changes reported today. Recent news about Prabhu Sah's comments on customs-related private property issues do not appear to have directly impacted the bank's stock price today.
- last market date
- 2026-10-13
- last price
- 187.5
- last price change pct
- -1.26
- sector
- Commercial Banking
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