NIC’s 14th branch

KATHMANDU: NIC Bank has started operations of its 14th branch in Surkhet from Monday. The new branch at Surkhet will provide the full range of products and services of the bank including all modern day banking facilities like trade finance, remittance, business and consumer loans, ATM / Debit cards, drafts, SMS banking, travellers cheques etc. The new branch is connected to all other branches through V-Sat network enabling real-time on-line connectivity. It has posted an exceptional growth of 95 per cent in net profit amounting to Rs 175 million in the first nine months of the current fiscal year. — HNS

KDBL in Namche

KATHMANDU: Kasthmandap Development Bank Ltd (KDBL) has opened its fourth branch at Namche Bazaar of Solukhumbu. Shrawan Kumar Rajbhandari, CEO of KDBL, inaugurated the new branch on Monday. The bank has already opened its branches in Ridi bazaar of Gulmi, Beni bazaar of Myagdi and Kusma of Parbat. The bank plans to provide modern banking facilities and services in remote areas as well as collect savings and mobilise deposits from these areas to invest in productive sectors, states a press release. — HNS