NBB in Teku

KATHMANDU: Nepal Bangladesh Bank (NBB), to facilitate its customers along with ATM, QMI and Locker system service, has shifted its Kalimati branch to Chandi Complex in Kalimati. The bank aims to grant more facilities and ease of access to its customers with new services. — HNS

BF shoes gets ISO

KATHMANDU: Base Footwear Pvt Ltd — the manufacturers of bf dear hill shoes — received the international standards certificate, ISO 9001:2008. The company established in the year 2057 BS is currently producing 350 pairs of shoes a day, according to a statement. The company has targeted its products for the younger generation and has a wide range of BF dear hill sports shoes and school shoes, leather shoes, trekking shoes, sandals and belts along with 6-month warranty. — HNS

New cooperative

KATHMANDU: Bharpardo Krishak Savings and Loan Cooperative was inaugurated at Sitapaila on Sunday. According to a press release, the cooperative aims to provide loan at 12 per cent interest. It currently has 67 members and a total share capital of Rs 2.5 million. — HNS

Edible oil banned

JHAPA: The market monitoring committee in Jhapa district has banned the sale and purchase of three brands of edible oil produced by two Indian companies. The banned brands are Kranti mustard oil produced by SB Oil Industries and Tulasi and Dragon mustard oil produced by Riddhi Siddhi Oil Industries. Sale of three Indian brands of mustard oil was banned following their substandard quality, said committee’s monitoring officer Krishna Prasad Bhandari. During market monitoring, the committee collected samples of these brands and sent them to Food Technology and Quality Control Department for tests. According to Bhandari, action according to law will be taken against those found selling and purchasing the banned brands. — RSS

G20 aims at bank pay

LONDON: G20 finance leaders on Saturday took aim at excessive bank pay and risk-taking at the root of the financial crisis and insisted trillions of dollars of emergency economic supports would be needed for some time. Although the global economy looks brighter than when the Group of 20 finance ministers and central bankers met in April, their closing statement said they would not remove economic stimulus until the recovery was well entrenched. While the timing of these eventual policy reversals may vary, the G20 said for the first time there should be coordination to avoid adverse global fallout. As the focus shifted from crisis-fighting to making a safer financial system for the future, ministers searched for consensus on precise plans to rein in bankers’ huge bonuses and use more of their profits to build buffers. — Reuters