NIBL, Yeti Air seal deal

KATHMANDU: Nepal Investment Bank Ltd (NIBL) signed Memorandum of Understanding (MoU0 with Yeti Airlines to allow the NIBL account holders to book and purchase air tickets through NIBL e-Banking. It will help customers enjoy the

ultimate banking experience by providing easier and convenient option for ticket booking and purchase through secured website environment and is also expected to propel the efficiency level of the distribution channel and reduce operational costs for the airline, NIBL said. Any

customer with NIBL e-Banking account can purchase the air-ticket by filling the requisite information set at the Yeti Airlines website. After receiving the conformation from the airlines, the customers can make their payments. — HNS

RIFL turns two

KATHMANDU: Rajdhani Investment Fund Ltd (RIFL) completed its two years of establishment. According to a press statement, the company has Rs 1 billion authorised capital, Rs 246 million paid up capital, Rs 4.51

operating profit and Rs 10.49 million net profit during the fiscal year 2008-09. The company aims to boost its paid up capital to Rs 370 million this fiscal year and distribute shares equivalent to Rs 123.2 million. Till date, the company has invested Rs 680 million in different sectors. The net worth of the company is Rs 105.46 per share. — HNS