Merged Prudential starts operations

KATHMANDU, MAR 19:

Prudential Finance has started its operations as a merged finance company between Prudential Finance and Gorkha Finance from Monday. Deputy governor of Nepal Rastra Bank Maha Prasad Adhikari inaugurated the merged entity ‘Prudential Finance’ in the valley on Monday. The merged finance company has a share capital of Rs 483.1 million, collected Rs 986 million worth deposit and has floated loans worth Rs 930 million, said the chairman of Prudential Finance Manoranjan Raman Sharma. Ajay Kumar Mishra is chief executive of merged finance company.

Source: THT