NMB's rural banking

HIMALAYAN NEWS SERVICE

KATHMANDU: A Memorandum of Understanding has been signed between NMB Bank and Practical Action Nepal to focus on exploring opportunities in increasing access to finance for rural unemployed or underemployed youths, micro and small entrepreneurs for any farm and off farm sector in Kailali, Dhangadi, Doti and Achham of the far western region. The step comes as part of the NMB Bank’s focus on rural banking, to serve the unbanked population of the country, further tie ups by the bank with similar organisations are expected in due course of time.

Lalitpur Expo soon

KATHMANDU: Exhibition Pvt Ltd jointly with Lalitpur Chamber of Commerce and Industry, Lalitpur Handicraft Association, and Patan Development Board will organise the ‘Lalitpur Trade Fair 2012’ at the Jawalakhel football ground from September 27 to October 2. The fair aims to promote products made in the district and boost business activities of the district. It will have 150 stalls showcasing products like pashmina products, woollen apparel, silver jewellery, wooden handicraft, leather products, furniture, agro products and various other products.

RBB’s new executives

KATHMANDU: Rastriya Banijya Bank (RBB) has designated one acting executive director and four acting deputy general managers. The bank has given the responsibility of acting executive director to then deputy general manager Jyoti Chandra Ojha as per the new provision. The then departmental chiefs Madhav Raj Panta, Gopal Chandra Sharma, Bheshraj Panthi and Girija Nanda Paneru have got the responsibility of acting deputy general managers.

Etihad ups stake

KATHMANDU: Etihad Airways on Monday confirmed its equity stake in Virgin Australia Holdings to 10 per cent. This represents 221 million shares which have been bought in the open market over recent months. Six weeks back, Etihad Airways received approval from the Foreign Investment Review Board to increase its holding from five per cent to 10 per cent. Etihad Airways and Virgin Australia have developed a highly successful, multi-tiered partnership that includes code-sharing on flights, and joint marketing initiatives.

MEX hosts training

KATHMANDU: Mercantile Exchange (MEX), to promote and enhance the competitive level of market participants, organised a two-day training programme titled ‘Demystifying Trading Techniques in Commodity Market’ at World Trade Center on September 1-2. The renowned figure of the Indian commodities market, Vishal Mehta, who is a

Chartered Market Technician affiliated with Bloomberg, provided training to over 180 participants.