The fund will be utilized through the district chambers of commerce and industry, says a press release, adding that of the total amount, Rs 300,000 will go for Jajarkot, while Rs 100,000 each will be spent in Rukum and Salyan. Acting president of FNCCI Suraj Vaidya handed over the check to Lok Bikram Thapa, chairman of Social Service Committee of the federation.
On the occasion, Vaidya also provided financial support of Rs 250,000 for the construction of Karnaleswor Primary School in Tikapur, whose building was damaged by a flood last year. Navaraj Rawal, president of Tikapur Municipal Chamber of Commerce and Industry, accepted the check on behalf of the school.
CSI bank to issue public shares
KATHMANDU, July 31: Nepal CSI Development Bank Ltd is issuing 3 million units of public shares worth Rs 300 million by mid-January 2010. The bank has appointed NIDC Capital Markets Ltd issue manager for this purpose.
After the sales of the public shares, the banks paid-up capital would reach Rs 1 billion making it the first development bank to have the largest amount of paid-up capital, states a press release issued by the bank.
A board meeting of the bank has also decided to appoint Bhushan Shamsher Rana and Bhaskar Rimal to the posts of Chief Executive Officer and General Manager of the bank respectively. The bank also stated that it has plan to upgrade itself to Category ´A´ commercial bank in near future.
NDEP Bank opens new branch in Lalitpur
KATHMANDU, July 31: Nepal Development and Employment Promotion (NDEP) Bank has opened a new branch in Tangal, Lalitpur. The branch was inaugurated by Dr Suwarna Lal Bajracharya, executive chairman of the bank, on Friday, states a press release issued by the bank.
Headquartered in Kamaladi, Kathmandu, the bank has branch offices in Dhulikhel, Koteshwar and Narayanghat. It also has extension counters at Kandaghari and Chabahil. The bank has a paid-up capital of Rs 475 million.
Related story
Sanima Capital appointed issue manager of Citizens Bank
