FNCCI team for US

KATHMANDU: Representatives of the private sector led by Federation of Nepalese Chambers of Commerce and Industry (FNCCI) president Kush Kumar Joshi on Saturday left for New York as part of the entourage of Prime Minister Pushpa Kamal Dahal ‘Prachanda’. FNCCI president Joshi is going along as an advisor to the PM during the visit. — HNS

Kumari Bank

KATHMANDU: Kumari Bank Limited has opened a new branch in Birtamod of Jhapa district. The branch was inaugurated by KBL chairman Noor Pratap JB Rana. Speaking on the occasion, KBL acting chief executive officer Kapil Sharma said, “The bank will always focus on offering a number of products and increase its network of branches across the country.” According to a press statement issued later, the bank had a total deposit of Rs 12.78 billion and loan of Rs 11.34 billion in the fiscal year 2007-08. — HNS