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Money Matters News In Brief (10-16 March 2014)

  2 min 23 sec to read

NIC ASIA’s 16th AGM Held
NIC Asia Bank held its 16th Annual General Meeting in Biratnagar on 28th February. This is the first AGM held after the commencement of the operation as NIC ASIA Bank, formed through the merger of former NIC Bank and Bank of Asia. The AGM has approved the issue of cash dividend of Rs 20 per share for the year 2012/2013. Dividend will be distributed from 4th March 2014. For the fiscal year, the Bank’s deposit reached Rs 39.91 billion, lending to Rs 31.55 billion and posted a net profit of Rs 642 million. Jagadish Prasad Agrawal, Trilok Chandra Agrawal, Tulsiram Agrawal, Lokmanya Golcha and Ramchandra Sanghai were elected from the promoters shareholders group in the AGM. Similarly, Rajendra Prasad Aryal, Birendra Kumar Sanghai and Binod Kumar Pyakurel were elected unanimously for another term from public shareholders group as directors.
 
Everest Bank’s 73rd ATM at Machhapokhari
Everest Bank Limited has installed a new ATM at Machhapokhari. With this, the network of the Bank has now reached to 73 ATMs along with 50 branches, five Extension Counters and 22 Revenue Collection Counters. The ATM was inaugurated by Chief Executive Officer of the Bank AK Ahluwalia. The inaugural function was also attended by other dignitaries including brand ambassador of the Bank Sadichha Shrestha. 
 
Nepal SBI Bank Launches Indian Railway Ticket Booking Utility 
Nepal SBI Bank Ltd has started online ticket booking services for Indian trains for its customers. The service was started by Indian ambassador to Nepal Ranjit Rae on 28th February amid a ceremony. Deputy Governor Maha Prasad Adhikari participated in the ceremony as the special guest. According to a press statement from the Bank, the online ticket services provided through its online portal is the first of its kind in Nepal and is expected to benefit Nepalis who visit India for various proposes. 
 
Kumari Bank’s ATM at Balkhu 
Kumari Bank Limited has installed a new ATM at Balkhu on 5th March, 2014. The Bank has been providing modern banking services to its customers through 28 branches, two extension counters and 39 ATM locations throughout the country. 
 
Apex Development Bank Gets New CEO
Gobind Prasad Upadhyay has been appointed as the new CEO of Apex Development Bank. A recent meeting of Board of Directors of the Bank made the decision. Upadhyaya has been associated with various banks and financial institutions for the past 14 years. Prior to joining Apex Development Bank, he was the CEO of Jyoti Bikash Bank. 

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