15-11-2009
The ninth Annual General
Meeting of Kumari Bank
held Sunday declared
that it would provide 10
percent bonus shares and
redeem the existing
promoter share to 51
percent. The remaining
19 percent promoters
shares will be sold to
public.
24-07-2009
The Kumari Bank on
Friday announced that
Radesh Pant has been
appointed its CEO. Pant
was sacked
unceremoniously as
managing director by the
board of the Bank of
Kathmandu four months
ago. Following his
appointment, Pant said
that he would take
Kumari Bank to new
heights .
13-06-2009
Kumari Bank has opened a
new branch in Butwal.
The branch was
inaugurated by Shiva
Ratan Sharada, chairman
of the bank, on Friday,
according to the bank.
27-12-2008
Kumari Bank Ltd (KBL)
will launch a new
savings deposit scheme
“Twinkle Star” for
children with effect
from December 28.
According to a press
note, the scheme
features an interest
rate of 6 per cent per
annum. The account can
be opened with a balance
of Rs 1000 for children
below 16 years of age.
24-12-2008:
Kumari Bank has
launched a new saving
deposit product for
women ‘Subha Laxmi
Bachat’ from December
24. This product
features an interest
rate of six per cent per
annum and can be opened
at a balance of Rs
1,000, states a press
release. The product is
offered through any of
the branches of the bank
that has promised to
launch other innovative
products in the future.
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