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Money Matters News In Brief (12 - 18 August 2013)

  4 min 44 sec to read

SSanima Bank Ltdanima at Ghorai & Dhangadhi 
Sanima Bank Ltd (Sanima) has opened its 26th & 27th branch at Ghorahi (Dang) and Dhangadhi. The Ghorahi branch was jointly inaugurated by Mahesh Ghimire, Director, Sanima Bank, and Hari Bansha Acharya, renowned artist and social activist of Nepal. Similarly, the Dhangadi branch was jointly inaugurated by Bharat Kumar Pokharel, Director, Sanima Bank, and Hari Bansha Acharya. 
 
Shine Resunga Development (SRD) Bank SRD New Share Certificate Distribution 
Shine Resunga Development (SRD) Bank Limited is distributing new share certificates to the shareholders of Shine Development Bank Limited and Resunga Bikas Bank Limited which merged to form SRD from August 2. 
 
Sunrise BankCDSCSunrise Bank’s Shares Dematerialized 
Sunrise Bank has joined Central Depository System and Clearing (CDSC) to get its shares dematerialized on August 6. CDSC signed an agreement with Sunrise Bank to dematerialize the company’s 2,0150,000 units of shares. As per the agreement, the bank ISIN (International Securities Identification Number) code is NPE014A00008. 
 
Himalayan Bank Ltd (HBL)HBL at Betrawati and Birtamod 
Prachanda Bahadur Shrestha, member of management team of Himalayan Bank Ltd (HBL) inaugurated bank’s Betrawati Branch amidst a function on August 4. Similarly, Manoj Bahadur Shrestha, Chairman of HBL inaugurated bank’s Birtamod Branch at Birtamod,amidst a function on August 7. With this, the bank now has 41 branches. 
 
Mahakali Bikas Bank LtdMahakali at Belauri 
Mahakali Bikas Bank Ltd has opened its 4th branch at Belauri, Kanchanpur. The branch was inaugurated by Dr Gunakar Bhatta, Chief Manager, NRB, Dhangadhi branch. 
 
Sindhu Bikas Bank Ltd Sindhu at Dolalaghat 
Sindhu Bikas Bank Ltd has opened its 5th branch at Dolalghat. The branch was inaugurated by chairman of bank, Rajendra Kumar Shrestha. 
 
NMB Bank LtdNMB at Rasuwa 
NMB Bank Ltd has opened its 25th branch at Rasuwa. The branch was inaugurated by CDO of Rasuwa District Basudev Ghimire. 
 
Civil BankCity ExpressCivil and City Tied-up 
Civil Bank has signed agreement with City Express Money Transfer to make remittance payment through the bank´s outlets in different parts of the country. Chandra Tandan, MD of City Express and Kishore Maharjan, CEO of Civil Bank, signed the agreement. 
 
Siddhartha Development Bank (SDBL) Prabhu Money Transfer SDBL and Prabhu Tied-up 
Siddhartha Development Bank (SDBL) has signed agreement with Prabhu Money Transfer to make remittance payment through the bank´s 18 branches spread across Nepal. Mahesh Sharma Dhakal, CEO of SDBL and Rameshwor Sapkota, DGM of Prabhu Money Transfer, signed the agreement. 
 
Kriti Capital & Investments Ltd.Kriti Gets PMS License 
Securities Board of Nepal (Sebon) has issued a Portfolio Management Service (PMS) license to Kriti Capital & Investments Ltd. Kriti is the 12th merchant banker to obtain a PMS license under Merchant Banking Regulations, 2008. 
 
Sanima Mai Hydropower Limited (SMHL) SMHL Gets Grade 3 for its IPO 
The upcoming IPO of Sanima Mai Hydropower Limited (SMHL) has received Grade 3 rating from ICRA Nepal, indicating the company’s average fundamentals. SMHL has proposed to float an IPO of 2,110,000 equity shares of face value Rs 100 each.
 

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