Unique starts operation

Kathmandu, November 6:

Bir Bikram Rayamajhi, deputy governor of Nepal Rastra Bank (NRB), the regulatory authority, inaugurated Unique financial Institution Ltd, the 79th finance company here in the valley today.

The new finance company has a paid up capital of Rs 30 million, authorised capital of Rs 100 million and issued capital of Rs 50 million.

According to thecompany, it offers various services like debit card and credit card, remittance, clearing house and cheque clearing facilities.

The finance company that has investors from various walks of life has Dr Binod Bahadur Khatri as its chairman and Raj Mohan Karmacharya as its executive director.

Recently there has been a flood of financial institutions in Nepal.