NEWS

Mundul Resigns from SCBN
Mundul Resigns from SCBN
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June 2: Sujit Mundul, Director of Standard Chartered Bank Nepal (SCBN) has resigned from his post. Mundul who served the bank as chief executive officer (CEO) from 2003 to 2011 was continuing his association with the bank as a director.…

Yeti Devt Bank Conducts Financial Literacy Program
Yeti Devt Bank Conducts Financial Literacy Program
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June 2: Yeti Development Bank has conducted financial literacy program in various locations of the valley. The bank with a slogan ‘Jodaun Ek Nata, Kholi Bankma Khata’ organized the program in Khowpa College, Bhaktapur and Manamaiju Secondary School, Kathmandu on May 30 and 31. In the program, information on banking and importance of saving, ASBA system, use of ATM card, benefits of mobile banking and online banking and techniques of identifying fake notes were…

Global IME’s ATM outlet in Lumbini
Global IME’s ATM outlet in Lumbini
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June 2: Global IME Bank has started an ATM outlet in Lumbini, the birthplace of Lord Gautam Buddha. The bank started the outlet nearly the main entrance gate of Lumbini Development Project aiming to serve local customers and tourists who come to visit Lumbini. With the addition, the number of ATM outlets of the bank has reached 109. Presently, the bank is providing its services through 95 branches, six entension counters, 10 revenue collection counters and 46 branchless banking…

Guheshwori Merchant Banking Appoints NIBL Capital as Issue Manager

June 2: Guheshwori Merchant Banking and Finance has appointed NIBL Capital Market as its issue manager. As per the Finance Company, it appointed the issue manager to manage its 1973,928.77 units of right shares. Both institutions signed a memorandum of understanding (MoU) regarding the matter as per the provision of Company Act 2063 section 32 (2), said the company in a press statement.…

Qatar Airways Offers Iftar Boxes on Ramadan
Qatar Airways Offers Iftar Boxes on Ramadan
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June 1: Qatar Airways has offered an Iftar meal box “infused with a traditional Middle Eastern twist” to the passengers who fast during the holy month of…

Classic Tech Solid Offer
Classic Tech Solid Offer
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June 1: Classic Tech with its network in 72 districts has announced a solid offer. The company announced a new offer in a bid to provide superior internet services at affordable price to the customers, said the company in a press…

Mahindra KUV 100 in Nepali Market
Mahindra KUV 100 in Nepali Market
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June 1: Agni Incorporated, the authorized distributor of Mahindra vehicle for Nepal has rolled out Mahindra KUV 100 compact SUV in the Nepali…

Tata Exchange Offer Concludes
Tata Exchange Offer Concludes
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June 1: Sipradi Trading, the authorized distributor of Tata Motors for Nepal has concluded its exchange camp. The company organized the grand exchange offer since May…

ADB Expands Advance Banking Services Nationwide
ADB Expands Advance Banking Services Nationwide
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June 1: Agricultural Development Bank is expanding advance technology based banking services in all 75 districts of the country. Under the advance banking services, the bank has availed SMS and mobile banking services along with Visa Card services to its…

Century Bank to acquire Seti Finance
Century Bank to acquire Seti Finance
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June 1: Century Commercial Bank is acquiring Seti Finance, headquartered at Tikapur of Kailali. Both institutions signed a memorandum of understanding (MoU) regarding the matter on May…

Sunrise Bank’s Branch at Hetauda
Sunrise Bank’s Branch at Hetauda
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June 1: Sunrise Bank has started a branch at Hetauda, Makwanpur. Dhananjay Sharma, Director of Nepal Rastra Bank, Birgunj and Hari Bahadur Mahat, Mayor of Hetauda Sub-Municipality jointly inaugurated the branch amid a program on May…

Jyoti Bikas Bank Opens Three Branches at Once
Jyoti Bikas Bank Opens Three Branches at Once
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June 1: A national level development bank, Jyoti Bikas Bank has started three branches in a day. The bank opened branches at Jhumka of Sunsari, Birendranagar of Surkhet and Ghorahi of…

Kumari Bank’s Employees Union Elects Pathak
Kumari Bank’s Employees Union Elects Pathak
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June 1: A new leadership team has been unanimously elected in the employees’ union of Kumari Bank. The 3rd national convention of the union held on last Saturday, May 27 unanimously elected eleven members’ work committee under the leadership of Shiva…

Jet Airways and SCBNL in a Pact
Jet Airways and SCBNL in a Pact
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May 31: Indian carrier Jet Airways has signed a Memorandum of Understanding (MoU) with Standard Chartered Bank Nepal Ltd (SCBNL) to offer the bank’s customers attractive discounts on fares for travel from Kathmandu to destinations in India, and beyond, over Mumbai and Delhi, on the airline’s direct…

Siddhartha Bank Opens Branch at Surkhet
Siddhartha Bank Opens Branch at Surkhet
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June 1: Siddhartha Bank has started a branch at Surkhet. Hemanta Gyawali, Director of the bank inaugurated the branch amid a program on May 31. According to the bank, the branch will provide overall banking services. Presently, the bank is providing its services through 70 branches, two extension counters, 88 ATMs and 70 branchless banking…