Issuing a statement on Sunday, MAW said it would not be charging any interest on the finance purchase of the Gladiator SS and Gladiator RS. It also announced a Rs 10,000 discount on cash purchase of the bikes.
The 5-speed bikes are offered at an MRP of Rs 151,900 and covered by a two-year warranty. MAW also offers eight free servicings. The 123.7cc engines have a maximum power output of 11PS at 7,500 rpm and a peak torque of 10.4 Nm at 6,500 rpm. MAW claims the bike has a mileage of 76 km per liter.
The Gladiator SS is marketed as a ´sporty´ bike with a prominent red and black color scheme and graphics to match its theme while the blue Gladiator RS has more commuter feel and graphics. The Gladiator has a front disk brake, black alloy wheels, aluminum foot pegs, an air foil, and sporty tail pipe. Its fuel tank hold 13 liters of fuel.
The bike has a wheelbase of 1,300 mm and a ground clearance of 160 mm.
The scheme will be on till January 15 next year.
Laxmi Bank´s Green Savings account
KATHMANDU, Dec 6: Laxmi Bank has unveiled a new savings account called Green Savings. The new service encourages environment-friendly personal banking habits amongst consumers, the bank said in statement Sunday. The bank provides clients of the account an interest rate of 7.5 percent per annum on daily balances.
The bank said the account will promote paper-free banking for personal account holders by using technology that allows clients to use non-conventional delivery channels and tools to manage their personal finances. The account package includes ATMs cards, internet banking access and mobile money services.
The bank said by offering these services, it hoped to cut not only paper use but also reduce carbon emissions by making the account transfers commute free.
Lumbini Bank profit up 53 pc
KATHMANDU, Dec 6: Lumbini Bank has declared a profit of Rs 218 million before tax and staff bonus in the first quarter of the current fiscal year. The amount is a rise of 53 percent compared to the first quarter of the previous fiscal year, the bank said in a statement Sunday.
Similarly, the bank´s net profits for the quarter increased to Rs 165.40 million from the Rs 107.5 million of the corresponding period of the previous fiscal year. The bank also said that its capital fund in the first quarter had increased to 22.37 percent.
“This makes Lumbini Bank probably the bank with the largest capital fund among 26 commercial banks,” it said. Its capital fund in the first quarter of fiscal year 2008/09 was 8.54 percent.
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