National Biz Briefs
KATHMANDU: Global Bank Ltd has opened a branch office in Dhangadhi. Bank chairman Chandra Prasad Dhakal formally inaugurated the branch office on Wednesday. The bank has paid-up capital Rs 1 billion, total deposit Rs 13.61 billion and posted operating profit Rs 220.78 million. It provides 365 days banking, evening counter, locker, free SMS banking, Global visa debit card, bill payment of Nepal Telecom’s postpaid mobile, prepaid mobile recharge. The Global visa debit card can be used in India and other countries and for e-ticketing service, bank MD Janak Sharma Poudel.
KATHMANDU: Prime Commercial Bank has expanded its women operating branch office in Ason of Kathmandu on the occasion of the 100th International Women’s Day. Krishna Bahadur Manandhar, acting governor of Nepal Rastra Bank, inaugurated Prime’s 14th branch office on Friday. In its second year of operation, the bank has provided 10 per cent bonus shares to shareholders.
LIC’s new plan
KATHMANDU: Life Insurance Corporation launched its new plan ‘Amulya Jeevan’ on Friday. This plan is probably the cheapest individual life insurance plan available in Nepal. The policy is available for persons between the ages of 16-60 years. The premium paying terms vary from 10 to 44 years. The minimum sum assured is Rs10 million and maximum sum assured is Rs100 million. Yearly and half-yearly modes of premium are allowed under this plan.
KATHMANDU: Imperial finance Ltd held its fourth general annual meeting on Friday. The programme was organised here and presided over by Madhav Lal Shrestha, the chairman of the company. Imperial has increased its deposit from Rs 240.30 million to Rs 620.3million and loan from Rs 180.41 million to Rs 550.83 million. It earned net profit Rs 20.20 million this year and has decided to issue 20 per cent bonus shares.
KATHMANDU: Standard Finance Ltd opened its seventh branch at Chabahil and eighth one at Gongabu on Monday. It also started transactions at both places. The company has total paid-up capital Rs 1 billion. The company said it will increase its capital after issuing 1:1 rights share. It is also planning to expand its banking service to remote areas.
KATHMANDU: Shepherd College inaugurated the Professional Advertising Training and Job placement Programme on Friday organised by Advertising Association of Nepal (AAN) and Kantipur Television Network Pvt Ltd (KTV). Experts from the advertising sector will impart the training. Trainees will get knowledge of advertising market and communication sectors, said AAN secretary Santosh Shrestha and Ananta Mainali of Shepherd College.The programme will be held for two weeks.