NB Bank enters 16-yr

KATHAMANDU: Nepal Bangladesh Bank (NB Bank) completed its 15 years of operation on Saturday. The bank marked it anniversary on Saturday by distributing goods and cloths at Pashupati Briddhashram (old-age home) and renovating traffic island at Kalimati, a press release said. NB Bank launched its own remit software ‘NB REMIT’ and strengthened its SMS banking system. It has posted a net profit of Rs 930 million in the first nine months of current fiscal year. “Bank Asia, a Bangladeshi bank has also injected capital as a promoter in the bank recently, said the bank. — HNS

PDB to float shares

KATHMANDU: Securities Board of Nepal (Sebon) has approved the primary issue of Public Development Bank (PDB), Birgunj. The bank will float Rs 60 million worth Initial Public Offering (IPO) from June 28-July 1. “After the issue, the paid up capital of the bank will be Rs 150 million from current Rs 90 million,” said K B Kayal, chairman and managing director of the Public Development Bank Ltd. The NIDC capital market is the issue manager. — HNS

Vegetable farming

LAHAN: Many women in the district have been attracted towards vegetable farming after it starts to give them good profit. It is said that some 5,000 women are engaged in green vegetable farming in the district, currently. The women folks involved in vegetable farming plough their fields themselves as the males are in foreign lands for job, said the District Agricultural Office (DAO).

According to the statistics, the district saw the production of 31,647 metric tonnes vegetable in 3,525 hectares of land in the last fiscal year. It is said that the DAO has been imparting various sorts of trainings to the women involved in the vegetable farming. — RSS

Petro consumption

BIRATNAGAR: Consumption and selling of petroleum products has gone down in eastern region in the current fiscal year. According to Nepal Oil Corporation (NOC) Eastern Regional Office, within the last 10 month, 68 million liter petroleum products have been sold. Some 73 million liter petroleum products were sold within same period in the last year. It is believed that due to Koshi havoc, Tharuhat strike and other strikes by Madheshi communities consumption of the petroleum products deceased. Mukunda Prasad Ghimire, chief of NOC Regional Office said imports of petroleum products in the current fiscal year has also gone down from Barauni Refining in Bihar of India. — RSS