Laxmi Bank’s AGM Held

Laxmi Bank’s held its 13th Annual General Meeting on 27th March. The AGM chaired by Chairman of the Bank Rajendra Khetan discussed and approved the Directors’ Report and the Financial Statements for the financial year 2012/013.The AGM also  approved distribution of gross 15 per cent bonus shares to the shareholders and further issuance of 25 per cent right shares on the capital after completion of the bonus shares distribution. The AGM also approved amendments in the authorized, issued and paid up capital. According to a press statement, the Bank will now have authorized capital of Rs three Billion. In the AGM, the board also appointed Sudesh Khaling as the CEO of the Bank. 

 

Civil Bank Signs Agreement with Al Ansari Exchange  

Civil Bank Ltd has signed an agreement with Al Ansari Exchange, a United Arab Emirates Exchange Company to facilitate remittance service. According to a press statement, Al Ansari Exchange is one of the largest exchange houses with more than 130 branches across UAE. The Agreement was signed by Chief Executive Officer of Civil Bank Ltd Kishore Maharjan and Managing Director of Al Ansari Exchange Mohammad Ali Al Ansari. “Following the agreement, Nepalis working in Middle East will be able to utilize a new and convenient remittance channel to Nepal,” said Maharjan. The Bank has been providing remittance service with its own remittance channel Civil Bank Remit. With this agreement, remittance sent from UAE through more than 130 branches of Al Ansari Exchange can be paid out from all the branches of Civil Bank Ltd and more than 1500 paying agent locations across Nepal. The Bankalready made agreements with Reliable Remit, IME, Prabhu Remit, SDBL Trust Remit, NetFox (UK), Moneygram, Western Union and Himal Remit. 

 

IME and Vibor Sign Agreement

Vibor Development Bank Limited and International Money Express Pvt Ltd (IME) have signed an agreement to facilitate remittance disbursement in Nepal. Rudra Poudel, Manager – Agent Networking of IME and Samina Shrestha, Marketing Manager of Vibor Bank exchanged the agreement signed by the authorized representatives of both the institutions. With this agreement, remittance sent through IME from all over the world can be received from all six branches of Vibor Development Bank Limited. In addition, domestic remittance will also be offered by Vibor, a service IME is offering in association with Global IME Bank Ltd. 

 

Standard Chartered’s Knowledge Sharing Programme  

Standard Chartered Bank Nepal organised a knowledge sharing programme on 27th March 2014.  The programme covered contemporary topics like anti-money laundering and Foreign Accounts Tax Compliance Act (FATCA) of USA. The programme was conducted by senior resource person of Standard Chartered Bank P Ananthkrishnan. 

 

NIC Asia Bank Launches Home Banking Service 

NIC Asia Bank has introduced its new service titled ‘Home Banking’, which the Bank claims to be first of its kind in Nepal. With this service, customers will be able to open accounts from their home. The customers need to send an SMS text message ‘ACC’ to 4488 and a Bank officer will reach the customer’s home and open the account with the help of a tablet. Once the account is opened, the customer will get a confirmation by SMS as well as by email. According to a press statement, this service will initially be available in Kathmandu only, and gradually expand to other branches of the Bank. 

 

Mega Bank Re-launches ‘Deposit Dhamaka Account’

Mega Bank Nepal Limited has re-launched its 65-days short term fixed deposit product ‘Mega Deposit Dhamaka Account’. Under this scheme, customers can open account with a minimum balance of Rs 100,000 with an interest rate of 7 per cent per annum. The accounts under this scheme have a maturity period 65 days from the account opening date. After that, both the principal and interest amount will be automatically credited into the respective interest nominated accounts of the account holders. Both individual as well as institutional depository customers can open accounts under this scheme. This account also offers free issuance of checkbook and SCT debit card, free online banking facility and on-demand account statement and free ABBS facility.