Kankai Opens Branch at Rajgadh

November 25: Kankai Bikash Bank has opened a branch at Rajgadh of Jhapa. Ramu Poudel, Director of NRB, Biratnagar branch inaugurated the branch amid a function on November 25. With the addition, the number of branches of the bank has reached 10.

Headquartered at Damak of Jhapa, the bank is providing its services in three districts including Jhapa, Morang and Illam. The bank having paid-up capital of Rs 125 million has proposed of issuing 214 per cent right shares. The bank has also proposed of distributing 20 per cent bonus share to its shareholders. After the issuance of bonus share and right share, the paid-up capital of the bank will reach Rs 470 million.