UFCL elects new MD

KATHMANDU: Board of directors meeting of Union Finance Company Ltd (UFCL) unanimously elected Surendra Bahadur Malla the managing director. The new MD proposed to launch an aggressive image building exercise for the company. — HNS

Workshop on Basel II ends

KATHMANDU: Senior officials from various banks and financial institutions took part at the two-day long seminar on ‘Basel II, Capital Accord Risk Management’ workshop organised by KFA from April 22-24. — HNS

GMBFCL to go public

KATHMANDU: Guheshwori Merchant Banking and Finance Company Ltd (GMBFCL) is floating 150,000 units of share worth Rs 100 each to the public. GMBFCL has allocated 70 per cent of its capital share to promoters and 30 per cent to the public. It has Rs 50 million authorised capital and Rs 50 million paid up capital. — HNS

New committee at GBSN

KATHMANDU: Grill Byawasayee Sanstha Nepal (GBSN), Lalitpur, has chosen a new executive committee under the chairmanship of Santosh Sharma. Dev Ratna Maharjan is vice-president, whereas Rakesh Shrestha and Chandra Bahadur Thapa are secretary and treasurer respectively. — HNS

Workshop on IPR

KATHMANDU: Speakers at a workshop on ‘intellectual property and small and cottage industries’ stressed on the need of giving immense importance to intellectual property rights (IPR) to secure the brand image and trademark of Nepali products. — HNS

India Inc for stable rate

MUMBAI: Indian industry hopes the central bank will maintain stability in interest rates and improve credit delivery for the agriculture sector in its monetary policy. — HNS