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BUSINESS BRIEFS: Tech Mela on March 29-30

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KATHMANDU, March 27: A part of an initiative to exchange knowledge about IT and Microsoft products and technologies, Microsoft MDP Nepal is organizing first Tech Mela in Kathmandu.



According to Deependra Bajracharya, General Manager of Microsoft Nepal office, Russian Center for Science and Culture is partnering with Microsoft MDP Nepal for the March 29-30 event. [break]



During the event, the establishment of Microsoft Innovation Center will be announced. Bajracharya said discussions are on with American Embassy, HP, Dell and World Bank on this matter.



There will be seven sessions in a day where IT learners and students can benefit from presentations and discussions. During the multiple sessions of the event, organizers have expected a turn out of around 6,880 people. Pinal Dave, Microsoft SQL server MVP and David Lim are the major guest presenters, the organizers said.





NIC happy savings account launched



KATHMANDU, March 27: NIC Bank has launched “NIC Happy Savings Account”, which can be opened with an initial balance of Rs 1,000.



It has an interest rate of 6.5% per annum (p.a.) on daily balance with special additional 0.5% p.a. for women and senior citizens, according to a press release. Other features are discount on locker deposit, free SMS banking, internet banking, ATM card and cheque-book with ABBS facility.



NIC Bank has recently been awarded ISO 9001:2008 certification for quality system on commercial banking activities by URS Ltd, United Kingdom. It posted 24 per cent growth in operating profit to Rs. 460 million in the first eight months of the current fiscal.





ICFC opens 7th branch



KATHMANDU, March 27: ICFC Finance Limited opened its seventh branch in Rupandehi of Butwal.



According to the press statement, the newly opened branch of ICFC will offer all banking services, including ATM service.



The statement further said that the company was able to collect deposit worth Rs 2.45 billion and loan and investment worth Rs 2.10 billion in the current fiscal.



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