Jyoti Development Bank Ltd has opened in the capital with involvement of employees of the Nepal Electricity Authority (NEA). The bank has a paid up capital of Rs 259 million. According to a press statement issued on Thursday, the main objective of the bank is to collect money scattered across the country to invest in different projects which are beneficial to the people. The bank has set a target of investing in small and medium hydropower projects, physical infrastructures, and small and medium enterprises in addition to providing banking services to small consumers.
Source: eKantipur
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Friday, July 25, 2008
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