Bullion price

KATHMANDU: Nepal Gold and Silver Dealers’’ Association has fixed the bullion price or Monday as follows: Hallmarked Gold Rs 25,550 per 10 gram; Standard Gold Rs 25,370 per 10 gram and Silver Rs 441.50 per 10 gram. — RSS

Kist’s branches

KATHMANDU: Kist bank opened its 34th and 35th branch at Mahendranagar and Dhangadhi, respectively. The branches were inaugurated done by Chief District Officer (CDO) of Kanchanpur district, Khusmakar Dhakal. During the inaugural ceremony, the managing executive of the bank said that the bank has targetted to set up 50 branches within this fiscal year and that two more branches would be opened at Butwal and Kalimati within this month. — HNS

KDBL turns three

KATHMANDU: Kathmandu Development Bank Limited (KDBL) has entered its third year of establishment from October 12 onwards. On the occasion, bank officials said it has been sucessfully operating its eleven branches along with the main branch located at New Road. The bank will be enhancing its ATM facility, evening counter services and other banking services from now on, according to the officials. — HNS

Good debtors

UDAYAPUR: The Agriculture Development Bank Limited’s Gaighat branch has provided green cards to 22 farmers in Udayapur, declaring them good debtors for paying the interest and principle amount on time. Those declared good debtors will get a 0.5 percent discount in interest and can get loan up to Rs 100,000 without collateral, said loan officer Bhim Bahadur Sunuwar. — RSS

Cops seize goods

Gaur: A team of Armed Police Force seized goods worth around Rs 250,000 from various check points along the Nepal-India border while these were was being smuggled in last night. Acting on a special tip-off received by the Border Security Office, Gaur, the team seized insecticides and clothing worth around Rs 200,000, said Superintendent of Police Vishnukanta Pathak. In another incident, a team of Bakul Armed Police seized fire crackers worth Rs 20,000 and Laxmipur Belbichhawa Armed Police Force seized pots worth Rs 30,000 last night. All the seized goods will be handed over to Gaur customs office today. — RSS

Defaulter industry

MORANG: A textile industry in Birtanagar that was closed after a long operation has been taking its valuable machinery away without clearing loans and other dues. Ashok Textile Pvt Ltd based in Biratanagar Sub-metropolis-19 has been taking out valuable machinery and tools saying that it will sell them at an auction. According to locals, this is happening in connivance with the administration, political parties and contractors. The industry has to clear loan worth Rs 500 million taken from Nepal Rastra Bank, electricity tariff worth Rs 4.4 million and revenue worth Rs 200 million. It shut down in 2060 BS citing loss suddenly after a four-decade long operation. — RSS