Best Distributor

KATHMANDU: Navin Distributors Pvt Ltd has won the Best Distributor award in the South Asia region for 2009. Whirlpool organised an annual Nepal dealers' conference on Saturday where over a hundred Whirlpool dealers from across the country took part. "This is a forum where we interacted with all our trade partners to understand and review the performance of 2009 as well as plan for the year 2010," said the company that has also rewarded the Whirlpool's outstanding dealers. Whirlpool is sending 30 dealers on foreign trips as reward for 2009 performance.

Doorstep drive

KATHMANDU: Sunrise Bank Ltd on Sunday conducted a door-to-door campaign to expand its services to people who are beyond the banking network. Fifteen branches located outside Kathmandu valley participated in the campaign and 1,500 new accounts were opened. The bank currently has 26 branches and 30 ATMs throughout the country.

IME expands

KATHMANDU: IME Financial Institution Ltd has opened a branch in Sandhikharka of Arghakhanchi district. IME Group executive chairman Chandra Prasad Dhakal inaugurated the branch on Sunday. The finance company has collected deposit of Rs 3 billion from around 45,000 depositors and has also invested Rs 2.65 billion, so far.

Auto showroom

KATHMANDU: Ramro Motors Pvt Ltd opened a multibrand automobile showroom in Gyaneshwor of Kathmandu metropolis on Sunday. It is Nepal’s first multibrand automobile showroom. Ramro Motors will provide brand new vehicles along with reconditioning under one roof. The company is authorized sub-dealer of Mazda and Perodua brands of automobiles for Nepal.

Driving training

KATHMANDU: Sipradi Trading Pvt Ltd organized a safe driving training course on its premises located at Naikap of Kathmandu district free of cost. Around 60 people participated in the two-day training. Awareness about HIV-AIDS was also included in the curriculum to protect drivers from the disease, said deputy general manager customer services Samden T Lama. The company has plans to provide safety training to 1,000 people this year.

NLC turns 23

KATHMANDU: The private sector’s first life insurance company National Life Insurance (NLC) completed its 22nd year. It established its 46th branch and is not limited only to cities but is also present in rural areas. NIC is in the final stages of providing online service from its branch and sub-branches through networking. NIC amassed the required paid-up capital Rs 250 million by issuing rights shares. It employs 10,000 people directly and indirectly.

Decision anomaly

KATHMANDU: The Finance Ministry on Sunday voiced concern over protest, office padlock and gherao by Eastern Development Rural Bank’s debtors. The government has made a rule to exempt principal and interest Rs 30,000 to Rs 1 lakh loan from Agriculture Development Bank, Small Farmers Development Bank, Nepal Rastra Bank and Banijya Bank Ltd for people hit by natural disasters, conflict and also for small farmers below the poverty line. The government has not taken any decision on the debtors of Eastern Development Bank and other banks.