NIC Bank posts profit

KATHMANDU: NIC Bank Ltd has posted a 41 per cent growth in its operating profit during the first nine months of current fiscal year. The bank registered the net profit of Rs 94 million, an increment by 113 per cent in comparison to the same period last year. The bank’s deposit registered a growth of 38 per cent to touch Rs 6,030 million. —HNS

Deposit lockers at SBI

KATHMANDU: Nepal SBI Bank Ltd started safe deposit lockers facility at its New Road branch. Keys of the lockers were handed over to the first five customers, states a press release issued here today. Three different sizes of lockers is available at the New Road branch, which is already providing 365 days services and ATM facility to its customers. — HNS

SCMBF to float shares

KATHMANDU: Securities Board, Nepal (SEBO) has approved the initial public offering (IPO) of Shree Capital Merchant Banking and Finance Ltd (SCMBF) according to Securities Transaction Act-2040 and Securities Transaction Regulations-2050. — HNS