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New Branch of Kamana Devt Bank at Khairenitaar

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New Branch of Kamana Devt Bank at Khairenitaar
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July 21: The Pokhara-based Kamana Development Bank has opened a new branch in Khairenitaar of Tanahun.  Chiranjivi Chapagain, Director of Nepal Rastra Bank, Pokhara office inaugurated the new branch. Speaking on the occasion, Rajendranidhi Koirala, Chairman of Kamana Development Bank highlighted that the main purpose of the extension of branch is to increase the access of finance among the people living in rural areas.

Toyaraj Adhkari, CEO of the bank said that it has expanded its work area after receiving status of the national level development bank following the merger with the Kaski Finance.

The Khairenitaar outlet is the 21st branch of the bank.  The paid-up capital of the bank is Rs 660.16 million at present.  In the FY 2072/73, the bank’s deposit totaled Rs 7 billion and extended Rs 6 billion in loans. Similarly, the bank logged Rs 270 million in operating profit during the period.   

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