National Biz Briefs


KATHMANDU: Asian Institute of Technology (AIT) and National Banking Training Institute (NBTI) signed a memorandum of understanding (MoU) on Monday to provide capacity building programmes for human resource development in the nation’s financial sector. President of the

Thailand-based AIT Prof Said Irandoust said it

is committed to furthering the cause of higher learning in the region and beyond.

The MoU will help in greater partnerships with Nepal and in organising short term training programs initially. Later, it will facilitate students in pursuing MBA with specialisation in commercial banking, and doctorate programme in Business Administration (DBA) at AIT. NBTI chairman Sashin Joshi it is targeted at expanding facilities of higher learning in Nepal and will go a long way in contributing to greater partnership between Thailand and Nepal.

RMBFL’s scheme

KATHMANDU: Royal Merchant Banking and Finance Ltd has started

a new savings plan with daily compound interest. It will pay 10 per cent interest on daily deposit. Account can be opened with minimum balance of Rs 9,999.