SBL’s ninth branch in Patan Dhoka

KATHMANDU: Siddhartha Bank Ltd opened its ninth branch in Patan Dhoka, Lalitpur. Chairman of the bank and board of directors Chiranji Lal Agrawal inaugurated it on Wednesday. “It will provide loans for projects, business, house, personal needs, hire purchase and education too,” states a press release. SBL registered operating profit of Rs 286 million, a growth of 64 per cent over the last fiscal year. The bank says its total deposit is Rs 10.25 billion and loans and advances at Rs 9.48 billion.