Mahalaxmi Devt Bank Bags 'Best Enterprises' Award

October 18: Mahalaxmi Development Bank (then Mahalaxmi Finance Ltd) has been awarded 'Best Enterprises' award by Britain's 'Europe Business Assembly' for the year 2016. Issuing a press statement, the bank informed that the award was handed over to the bank in a special ceremony to mark European Award Nights organised at Cannes City on October 7. 

Similarly, Ramesh Kumar Bhattarai, Cheif Executive Officer of the bank was also awarded 'Manager of the year 2016'.  According to the statement, the award ceremony was participated by various companies of more than 36 countries of Asia, Europe, Africa and Middle East. 

Mahalaxmi Development Bank, the merged entity of Malika Development Bank, Siddhartha Finance and Mahalaxmi Finance, is a national level development bank. The bank started its joint transaction after merger from September 4, 2016. After the merger, the bank has paid-up capital of Rs 1.156 billion, deposit of Rs 11.55 billion and loan extension of Rs 9.36 billion. Similarly, the number of customers of the bank has totalled 209,000. The bank is providing financial services through 41 branches to its customers.