National Biz Briefs

ATM Lounge

KATHMANDU: Global Solutions Pvt Ltd (GSPL) has started its third ATM lounge at Lalitpur’s Kumaripati. Even in the case of acute power shortage, these lounges facilitate banks and financial institutions in operating ATM counters 24X7. The cost of operation is lower at the lounges since the expenses are shared by all participating branches.

SIC report

KATHMANDU: Sagarmatha Insurance Company (SIC) tabled its report in the 13th annual general meeting held on Wednesday. Chairman Ram Krishna Manandhar said SIC had 10.92 per cent growth in 2008-09 compared to the preceding fiscal year. To shareholders, SIC will distribute 11 per cent of its paid-up capital as cash dividend and 10 per cent bonus shares. Ram Krishna Manandhar, Padma Jyoti, Lokmanya Golchha, Divyamani Rajbahandari, Ashok Kumar Todi from Group A, Ajith R Gurbardane and Patrick Elvis from Group B and Ram Bahadur Adhikari from Group C were elected members of the executive committee.