Innovative Development Bank opens branch

KATHMANDU, FEB 27:

Rupandehi-based Innovative Development Bank (IDB) has opened its sixth branch in Marchawar, Rupandehi district. It was jointly inaugurated by chief district officer Durga Prasad Pokhrel and coordinator of the central bank Siddharthanagar, Bhairahawa office Hari Sharan KC. The bank, with a paid up capital of Rs 100 million, has collected deposits worth Rs 830.40 million, and its loans and advances stand at Rs 690.60 million. It has six branches in Rupandehi, Nawalparasi and Chitwan districts.

Source: THT