There are more than 2,000 directors governing these listed companies. "The listed companies have different dynamics compared to privately owned businesses, and governance of these companies requires advanced knowledge, skills and expertise in core areas of operation," says the statement. The conference will aim at bridging this knowledge gap through interaction and knowledge sharing, adds the statement.[break]
Mega opens new branchless banking outlets
KATHMANDU: Mega Bank has launched branchless banking services in Divarna, Khanadaha and Dharapani of Aargakhanchi district. The services, supported with state-of-the-art technology, were launched to provide banking services to people living in those rural areas, says a bank statement. With the addition of these outlets, the total number of branchless banking centers operated by the bank has reached 35. Mega Bank last month introduced branchless banking services in Sitapur of Banke district, Fulbari, Masuriya and Chaumala of Kailali district, Rampur of Dang district, Panamara and Chatara of Sunsari district, Tankisinawari of Morang district, Sabaila of Dhanusha district, Sharadanagar and Parsa of Chitwan district, and Krishanapur of Kanchanpur district.
New Year offer on Godrej refrigerators
KATHMANDU: EOL -- the sole authorized distributor of Godrej appliances in Nepal -- has introduced a consumer scheme for New Year 2070. "The scheme titled ´Now Keep Cool Even in Power Cuts´ is an assured gift patterned scheme that provides the end customers a refrigerator kit as an instant gift with every purchase of Godrej refrigerators said a statement issued by the company," the statement said. According to the company, Godrej refrigerators are equipped with unique StayCool Pack which retains cooling up to 24 hours even after power cut. "Customers do not have to worry about cleaning hassles and getting food wasted with such an advanced technology," said the statement. "With other advanced technologies like patented Cool Shower Technology and 6-star performance which saves electricity to a great extent, Godrej refrigerators ensure the best in class cooling."
NBTI, IFC discuss SME financing
KATHMANDU: National Banking Training Institute (NBTI) and the International Finance Corporation (IFC), a member of the World Bank Group, have jointly organized a round table discussion on small and medium enterprise (SME) financing. The discussion focused on how banks and financial institutions can tap huge market in SME financing in Nepal, says a statement issued by NBTI. Presentations and discussions were led by Suman Joshi, CEO of Laxmi Bank, Matthew Gamser, head of the SME Finance Forum of the IFC and Sanjib Subba, CEO of NBTI. Regulators, CEOs and head of SME departments of banks, and representatives from the SME sector also took part in the discussions. “SME Banking in Nepal has been more talk than action so far,” the statement quoted Laxmi Bank CEO Joshi as saying at the event.
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