HIMALAYAN NEWS SERVICE
KATHMANDU: Laxmi Bank will soon launch its mutual fund. The bank has already obtained licence from Securities Board of Nepal to bring the mutual fund. Laxmi Capital Market — a fully owned subsidiary of the bank — will act as the fund manager and depository for the mutual fund. The bank’s board has fully authorised its chief executive Suman Joshi for managing the mutual fund issue, it said. The bank’s board, considering the quality of Risk Assets, has entrusted Joshi with additional authority on credit approvals. The 12th AGM of the bank, conducted on January 13, had approved 10 per cent cash dividend to shareholders.
Art of Living classes
KATHMANDU: NLIC City Centre will be conducting different courses of Art of Living. The Art of Living Foundation is a volunteer-based, humanitarian and educational non-governmental organisation founded in 1981 by Sri Sri Ravi Shankar. The courses to be offered at City Centre include basic course, corporate course, youth empowerment and art excel for children.