Kailash Bikas Bank inaugurates new branch at Biratnagar

Kailash Bikas Bank has inaugurated its 44th branch at Biratnagar, Morang on Falgun 28, 2074 and has started its operation. On a press statement, the CEO of the bank, Mr. Amrit Charan Shrestha expressed that the bank will soon be establishing new branches at Damak of Jhapa District and Birgunj of Parsa District. The eldest of all the national level development banks, Kailash Bikas Bank has a paid-up capital of Rs. 2 arba 52 crore. As of Poush end, 2074 the bank has successfully collected deposits of Rs. 19 arba 11 crore and disbursed credit of Rs. 17 arba 52 crore. Similarly the bank has earned a net profit of Rs. 26 crore 60 lakh which is highest among the development banks, says the press statement.