NBL’s new scheme

KATHMANDU: Nepal Bank Ltd (NBL) has ventured into consumer business with a new product ‘NBL Sahuliyat Bachat Khata’. The scheme is targeted at low-income professionals including civil servants, army, police, teachers and employees of both public and private sector companies, states a press release. Under the scheme, one can open an account with a minimum balance of Rs 500 at any of NBL branches. They will avail 50 per cent waiver on locker and loan processing fees for car and house loans as well as 25 per cent discount on commission while issuing of travellers’ cheque and draft. — HNS

HimalRemit in UK

KATHMANDU: Himalayan Bank Ltd (HBL) has extended its remittance transfer service to Nepalis residing in the UK through its HimalRemit. It has entered into partnership with NetFox Ltd, a UK based firm to facilitate the remittance transfer service. HimalRemit is popular among Nepalis working in the Gulf and Malaysia, states a press release. According to the pact, Nepalis residing in UK will avail various banking and financial services through NetFox. — HNS

PCCI holds AGM

KATHMANDU: Parbat Chamber of Commerce and Industry (PCCI) held its 25th AGM on Wednesday. Inaugurating the meeting, Ajad Shrestha, third vice-president of FNCCI, expressed concern over political instability that has an adverse effect on business and economy. “FNCCI is looking for extending ‘one village -one product’ programme to Parbat,” he said. Min Prasad Shrestha, president of PCCI presented annual repo-rts, while district judge Karuna Nidhi Sharma and CDO Jitendra Bahadur Bhandari graced the ceremony. — HNS

IFA, NCC discussion

KATHMANDU: A team of Institute of Foreign Affairs (IFA) met with Surendra Bir Malakar, president of Nepal Chamber of Commerce (NCC) and discussed a wide range of issues on economic diplomacy. Dr Madan K Dahal, coordinator of economic diplomacy handbook publication committee, on the occasion said that the handbook would incorporate suggestions from the private sector. He said Nepal has not been able to mobilise its diplomatic missions for trade and economic purposes. — HNS

Tax exemption

KATHMANDU: Finance Minister has directed senior officials in the ministerial level monthly progress analysis meeting to exempt interests on loans of conflict-hit. He also said that the NRB should continue to take action against wilful defaulters and help in restoration of commercial banks displaced during the conflict. — HNS

Alpine starts business

MAKAWANPUR: Alpine Development Bank, the first development bank in Hetauda started its operation from Friday. It will focus in three districts Makwanpur, Chitwan and Kavrepalchowk and has fifty-two promoters. — RSS