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Mega Bank Nepal starts operation as 28th commercial bank
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Mega Bank
Recognizing that banking activity has been limited to the urban and semi-urban areas of Nepal, Mega bank has been set up not only to provide better products and services that are currently on offer in the financial sector but also to penetrate and tap the virgin rural market
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News item 23-07-2010

Nepal Rastra Bank (NRB) issued operating license to Mega Bank Nepal Ltd’s on Tuesday giving it a permission to operate as the 28th commercial bank of the country. “The bank is starting its operations from Friday,” said CEO of the youngest commercial bank Anil Shah. “After a journey of over two-and-a-half-years, with the commencement of operations of Mega Bank Nepal Ltd tomorrow, the aspirations of 1,219 promoters spread over 63 districts across the country to establish a national level ‘Class A’ commercial Bank will be realised,” he said adding that Mega Bank will be a pioneer not only in wealth creation but wealth distribution, whereby the revenue generated will flow not only to large international and national investors, but to normal people across the nation...............

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Other banking news and articles:

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Sunrise share applications rejected (10-7-2009)
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Ace development fails to return Citizen Bank IPO deposits (13-4-2009)
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remittance service Sunrise bank Nepal (02-02-2009)

 

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