NIC opens branch

KATHMANDU: NIC Bank inaugurated its 17th branch at Dhangadi on Sunday. It posted a growth of 75 per cent operating profit to Rs 268 million in the first five months compared to the same period last year, according to a press statement. The bank has plans to open four more branches in the current fiscal year. —HNS

NBA flays strike

KATHMANDU: Nepal Bankers’ Association (NBA) has condemned the strike being staged by Lumbini Bank Ltd Employees’ Association. According to NBA, the union was formed illegally without information or conversation with the management. In a press statement, NBA urged the law enforcement agencies to resolve the problem. The union at Lumbini Bank Ltd is on strike since January 4. — HNS