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September 5: Mahalaxmi Bikash Bank has began its incorporated operation from Sunday, September 4. Dr Chiranjibi Nepal, Governor of Nepal Rastra Bank inaugurated the commencement of incorporated operation of the bank.
Mahalaxmi Bikash Bank is the ‘B’ class national level development bank originated through the merger of Mahalaxmi Finance Limited, Siddhartha Finance Limited and Malika Bikash Bank. After the merger, the paid-up capital, deposit collection and loan extension of the bank has reached Rs 1.15 billion, Rs 11.94 billion and 9.54 billion respectively. Similarly, the bank has widened its network with 40 branches, 11 ATMs and 204,487 customers. The bank has topped all the development banks on the number of customers.
A meeting of the bank held on September 3 has formed 8 members board of directors under the Chairmanship of Babu Lal Agrawal. The meeting has appointed Babu Lal Agrawal, Sanjay Giri, Birendra Kumar Sanghai, Rajesh Kumar Rauniyar, Man Bahadur Rawal, Binod Kumar Agrawal and Arun Kumar Goyanka. Similarly, the meeting has also appointed Mohan Raj Joshi as Specialist Director and Ramesh Kumar Bhattarai as Chief Executive Director.
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<p style="text-align:justify">Mahalaxmi Bikash Bank is the ‘B’ class national level development bank originated through the merger of Mahalaxmi Finance Limited, Siddhartha Finance Limited and Malika Bikash Bank. After the merger, the paid-up capital, deposit collection and loan extension of the bank has reached Rs 1.15 billion, Rs 11.94 billion and 9.54 billion respectively. Similarly, the bank has widened its network with 40 branches, 11 ATMs and 204,487 customers. The bank has topped all the development banks on the number of customers.</p>
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