BoK starts i-banking

KATHMANDU: Bank of Kathmandu (BoK) has provided internet banking services from Sunday. With the new service, a customer can check one’s account and even transact from home, said a press release, “A customer can pay utility bills like Nepal telecom mobile bills

and it is very secure.” — HNS

VOITH turns 42

KATHMANDU: Vaidya’s Organisation of Industries and Trading Houses (VOITH) entered 42 years of operations. The company that started business by bringing Toyota cars to Nepal has more than one-and-a-half dozen industries and trading companies including tea estates in Dhankuta and Ilam. Addressing the anniversary gathering, Dr Vijaya Gajananda Vaidya, chairman of VOITH said the organisation will focus on agro-based industries in future. — HNS

Kist to upgrade

KATHMANDU: The seventh annual general meeting (AGM) of Kist Merchant Banking and Finance on Saturday approved the decision to upgrade the bank to A-Class commercial

bank from its current C-class finance company. The bank will be renamed Kist Bank Ltd, said a press release. The AGM also elected a new management committee. — HNS

KDB to float shares

KATHMANDU: Kashthamandap Development Bank (KDB) appointed NIDC Capital Markets Ltd its sales and issue manager to float 9,60,000-unit shares with a face value of Rs 100 each. Shrawan Kumar Rajbhandari, CEO of KDB, and K B Rana, CEO of NIDC Capital Markets,

the agreement on behalf of their respective organisations on Sunday, said a press release. — HNS

Industries hit

PARASI: The increased duration of load-shedding hours has taken its toll on factories in Nawalparasi district. The power cut on rotation basis has drawn strong censure from residents, consumers and traders’ organisations. Businessmen say they are incurring losses of more than Rs 2 million daily. Nepal Electricity Authority has attributed the worsening crisis to the drastic fall in power generation and increasing demand. — RSS

Bird flu fear

BHIMPHEDI: The District Livestock Office believes that an ounce of prevention is worth a pound of cure.The office has mobilised a team for on-site visit of various chicken, duck and geese farms, aimed at warding off the possibility of bird flu spread. The move comes in the wake of bird flu outbreak some time ago in various Indian towns. The team is moving about meeting farmers and explaining to them how the disease spreads and is also educating them about preventive methods. — RSS