Infrastructure Development Bank receives license from NRB; decisions comes after appointment of new chairman Mr. Anuj Agrawal

Fri, Feb 8, 2019 5:19 PM on External Media, Latest, Others,
Infrastruc...

Infrastructure Development Bank (IDBL) has received license from the Nepal Rastra Bank (NRB) after appointment of the new chairman.

In recent events, Mr. Bimal Koirala was removed as the chairman of the bank and Mr. Anuj Agrawal was appointed as the new chairman. The BOD meeting of NRB held on Thursday decided to issue license to the development bank.

The bank has a paid up capital of Rs.20 Arba and 90% of the investment is from the private sector while 10% investment comes from the government.