NDEX’s live trade

KATHMANDU: Nepal Derivative Exchange Ltd (NDEX) started live trade of four commodities — gold, silver, crude oil and copper — from Monday. NDEX is an electronic commodity and derivative market which provides online state-of-the-art platform for traders to buy and sell commodities and derivatives efficiently and at a justified price. NDEX aims to facilitate trading in commodities, metals, energies and currencies. Around 20 commodity brokers are associated with the exchange, said broker Damodar Joshi of SB Company Pvt Ltd, Anamnagar.

CNI takes FNCCI cue

KATHMANDU: The Confederation of Nepalese Industries (CNI) has decided to adopt a ‘no work, no pay’ provision during strikes and blockades caused by workers. Issuing a press statement, CNI said on Monday entrepreneurs will not pay for the day when workers are absent from work. “It will apply to all illegal demands-bound strikes and politically motivated strikes and bandhs,” it said.

Citizen’s new scheme

KATHMANDU: Citizen Bank International Ltd is introducing super savings account offering 7 per cent interest, from January 15. Nepalis can open this account with a minimum balance of Rs 2,00,000, said chief administrative officer Ganesh Raj Pokhrel. The accountholder will get benefits of free ATM card, 25 per cent discount on locker, 50 per cent discount on traveller cheques and 25 per cent discount on demand draft.

SBL in Sundarbazaar

KATHMANDU: Sunrise Bank Ltd extended its service to Sundarbazaar of Lamjung district from Monday. Deputy general manager of the bank Bal Ram Bista and outgoing president of Federation of Nepalese Chambers of Commerce’s Lamjung district chapter Ram Babu Shrestha jointly inaugurated the 26th branch. Sunrise Bank has Rs 13.28 billion collection and lending of Rs 12.25 billion. It has invested Rs 2.1 billion in different sectors.