Kathmandu Finance inaugurates its second branch in Damak

Kathmandu Finance has inaugurated its second branch in Damak on Magh 24, 2072. The branch was inaugurated by Mr. Ram Poudel, Director of Nepal Rastra Bank who is also the branch head of Biratnagar branch of Nepal Rastra Bank. In the program, Mr. Raj Kumar Rai, CEO of Kathmandu Finance laid out the future plans and policies of the finance. At present Finance has a paid up capital of Rs 38.4 crore. It has a deposit mobilization of Rs 1.51 arba and Loan dispersion of Rs 1.27 arba. Kathmandu Finance has introduced mobile banking and debit card service for free for its customers. For the increment of the paid up capital, Kathmandu Finance has already issued right shares in the ratio 1:1 and is in merger process with Gorkha Development Bank Limited. In near future the finance also plans to open 3 branches.