NIDC in 58th Year

June 16: NIDC Development Bank celebrates its 58^th anniversary on Wednesday. Finance Minister, State Minister of Finance, Governor of NRB, Finance Secretary, Revenue Secretary along with other high ranking government and NRB officials were present to mark the bank’s anniversary.

Established in Ashad 1, 2016 BS, the state-owned bank is currently providing services to its customers from branches in Biratnagar, Pokhara , Dhangadi and Newroad, Kathmandu . The bank is headquartered at Durbarmarg. NIDC has Rs 415.80 million in paid-up capital. Similarly, the bank has Rs 1.67 billion of accumulated profit and Rs 2.70 billion in reserve fund in the first 9 months of current FY 2072/73 while its per share net worth has been pegged at Rs 749.32.