Kathmandu, Aug 20
The proposed Nepal Cooperative Bank has
opened its contact office in Mid-Baneshwor Kathmandu.
Chief of Nepali Congress Finance and
Cooperative Institution Coordination Department, Ananda Prasad Dhungana and
Secretary of the department and Chairman of the Bank Surendra Bhandari jointly
inaugurated the office on Friday.
The proposed bank is planning to develop
the contact office into a banking office in the next six months. Officials of
the bank have been blaming the existing bank of failing to include all as the
need behind the opening of the new one.
Dhungana said that the bank would come
into operation within six months and maintained that where there is competition
there is progress.
“Single cooperative bank could not
include all 34,000 cooperatives. Prime Minister Sher Bahadur Deuba also wants
to establish the cooperative bank,” he said.
According to him, the bank will come
into operation immediately after it gets limited banking transaction license
from the Nepal Rastra Bank.
The proposed bank will have Rs. 2.5
billion paid up capital.
Published in The Rising Nepal daily on 21 August 2021.
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