After the price revision, the prices of B1 category, B2 category and B3 category feeds--which are fed according to the age of the chicken-- reached Rs 28.70, Rs 28.70 and Rs 27.30 per kg respectively.
“Due to the skyrocketing prices of the raw materials that go into producing the feeds, we have no option but to raise the prices of feeds,” said Narayan Hari Khatri, president of the Nepal Feed Industries Association.
More than 60 percent of the raw materials used in the feeds are imported from India, and the feeds are used by more than 100 feed industries across Nepal. The Nepali feed industries turn these raw materials into poultry feed and sell the product in the market: every day about 1,100 tons of poultry feed, a quantity almost sufficient to fulfill domestic demand, is produced in the country.
Shangrila unveils ATM service
POKHARA, June 12: Shangrila Development Bank (SDB), a Pokhara-based development bank that has a head office in the western city´s New Road, has offered automated teller machine (ATM) service to its customers. The bank inaugurated its first ATM in the premises of its head office on Friday.
The service is linked with the SCT network, and hence, the customers of the bank can enjoy the facility from more than 275 ATM terminals across the country, the bank said in a statement. For the convenience of customers, the bank is offering free ATM cards to its clients.
The statement adds that the bank would soon be adding more ATMs in its branch offices so as to better serve clients.
Kumari opens new branch in Butwal
KATHMANDU, June 12: Kumari Bank has opened a new branch in Butwal. The branch was inaugurated by Shiva Ratan Sharada, chairman of the bank, on Friday, according to a press release issued by the bank.
Speaking on the occasion, Sharada said the bank will continue to upgrade its services based on the expectations of customers.
Kumari Bank, the first bank in Nepal to introduce Internet banking service, provides all modern banking services, including debit card and remittance. “The bank will continue to explore new venues and invest in economically viable projects,” the press release said quoting Bhushan Rana, acting chief executive of the bank.
Valley Finance to open new branches
KATHMANDU, June 12: Valley Finance Limited has announced that it will open branches in different parts of the country in coordination with KIST Bank. The company unveiled the plan on the occasion of opening a new office in Kathmandu.
Bir Bikram Rayamajhi, deputy governor of Nepal Rastra Bank, inaugurated the new office amid a function on Thursday, says a press release issued by the finance company.
The company has been providing various services such as women savings accounts, senior citizens and child savings accounts, apart from regular savings account. It also extends easy financing facility and remittance services, among others.
The company will also start loans against gold and silver in the future, says the release, adding that the company will soon issue public shares.
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