Siddhartha Devel-opment Bank, which initially got a license to operate within three districts, has got the approval to go nationwide from Nepal Rastra Bank (NRB).
After the Butwal-based finance company increased its capital to Rs. 640 million, a prerequisite for a national development bank as per the Bank and Financial Institutions Act, it was given the nod to go nationwide, said an NRB official. Currently, it has been operating in Rupandehi, Nawalparasi and Chitwan.
Source:eKantipur
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Sunday, January 3, 2010
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