Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]

Money Matters News In Brief ( 17 - 23 February 2014)

  2 min 45 sec to read

Everest Bank Donates Computers to School
Everest Bank Limited donated computers to Shree Triveni Higher Secondary School, a government school at Katari, Udayapur as a part of its Corporate Social Responsibility on 10th February. AK Ahluwalia, CEO of the Bank handed over the Computers to Balkrishna Karki, Head Master of the School amid a function organized at Corporate Office of the Bank. “Everest Bank is committed to making a difference in the lives of children through quality education. We are thus happy and proud to be involved in the effort to improve education and infrastructure across the rural Nepal,” said Ahluwalia in the event. 
 
Beed Invest’s New Range Of Products
Beed Invest Limited, Nepal’s first operational portfolio management company licensed by Securities Board of Nepal (SEB0N) has launched a new set of products targeting individual as well as institutional investors. According to the company, the products aim at providing a steady and sustained return to its customers. The products ‘Lagani Briddhi Plus’, ‘Sanchaya Plus’ and ‘Expor Plus’ are catered to individual customers while ‘Paramarsha Plus’ and ‘Salaaha Plus’ are catered to institutional investors. While ‘Lagani Briddhi Plus’ caters to customers with a high risk appetite, ‘Sanchaya Plus’ is for customers with a lower risk appetite; and ‘Expor Plus’ caters to clients who already have an existing portfolio with Beed Invest, which will be reviewed, restructured and constantly monitored. “We are very happy to be continuously providing steady return to our existing clients despite the volatility in the stock market,” said Sujeev Shakya, Chairman of Beed Invest. 
 
Civil Bank Launches ‘Hastakala Karza’
Civil Bank Limited has launched ‘Civil Bank Hastakala Karza’ targeting the Small and Medium Enterprises (SME) involved in handicraft business. “The primary objective of this product is to provide loans and other financial services to the handicraft business entrepreneurs in most efficient and hassle-free manner. It will promote the handicraft business in Nepal thereby increasing the export of the country’s handicraft products to a certain extent for enhancing the FCY revenue of the country,” said Kishore Maharjan, Chief Executive Officer of the Bank. The Bank has made arrangements for handicraft entrepreneurs to obtain a maximum loan limit of Rs one million without the need for any land and building as collateral under the Civil Bank Hastakala Karza. 
 
Global IME’s Branchless Banking in Khudunabari 
Global IME Bank has started branchless banking at Khudunabari, Jhapa. According to a statement from the bank, the service was started by handing over certificates to market representatives. On the same occasion, the Bank organized a programme to enhance financial literacy among the locals. Shanta Shivakoti, Chief of Marketing and Business Promotions of the Bank and Surendra Regmi, Chief Credit Officer of the Bank answered the queries of the locals in the programme. 

Deprecated (16384): Using key `action` is deprecated, use `url` directly instead. [CORE/Cake/View/Helper/FormHelper.php, line 383]
No comments yet. Be the first one to comment.