Banking & Insurance November 2012

Kumari Bank Limited installed its 36th ATM at Jhamsikhel, 8 Degrees Fine Dine and Venues on September 30. Till date, the bank has been offering modern banking services through its 29 branches and 36 ATMs located in various urban and semi-urban parts of the county.

 

Mega Bank Nepal Limited launched a new product named ‘Khancho ko Sancho’. According to the Bank, the product is targeted to those affected by the ongoing road expansion plan. The product is a deposit-cum-loan package that provides housing reconstruction loan and Mega SME business rebuilding loan with interest rate of 10 per cent per annum. As stated by the bank, the loan tenure for the housing reconstruction loan under the term loan facility will be for 20 years without any loan processing fee.