Muktinath Bikas Bank Limited
Established as a limited bank as per the Bank and Financial Institution Act 2063 BS and Company Act 2053 BS, on 19th Poush 2063 BS, Muktinath Bikas Bank Limited has obtained the permission from Nepal Rastra Bank to operate as a “B” class regional financial institution and accordingly started its operation. The bank with its head office situated at Prithvichowk – 9 Pokhara in Kaski district has received the approval of working within the three districts that are Kaski, Syangja and Tanahun of Gandaki Zone.
The major objective of the Muktinath Bikas Bank, as a financial institution is to provide financial services under the Memorandum and Article of Association of the Bank, Bank and Financial Institution Act 2063 BS, Nepal Rastra Bank Act 2058 BS, Company Act 2053 BS and other prevailing legal and regulatory framework. The bank has been serving its customers by providing them its products and services through its thirty five branches on places such as Prithvichowk, Baidam, Harichowk, Gagangaunda and Nayapool of Kaski district, Putalibazar, Bayarghari, Waling and Galyang of Syangja district and Dulegaunda, Bhimad, Damauli and Dumre of Tanahun district. Along with it, the bank also provides its micro credit services through its twenty two branches located at Prithvichowk, Gagangaunda, Hemja, Lamachoour, Kahunkhoa, Arghoun, Chorepatan of Kaski district, Putalibazar, Waling, Galyang, Chapakot, Biruwa, Fedikhola, Jungle, Arjunchaupari, Mirmi of Syangja district and Bhimad, Tharpu, Dulegauda, Dumre and Damauli of Tanahun district and has microfinance head office at Prithvichowk 9, Kaski.
The bank with the Authorized Capital of Rs 4 billion, Issued Capital of Rs 3.06 billion and Paid Up Capital of Rs 3.06 billion has fifty one percent of its shares with its promoters with the remaining forty nine percent with general public. The deposit schemes of the bank include Fixed Deposit, Special Saving Account, Called Deposit Account, Current Account, Muktinath Premium Bachat, Normal Saving Account, Foreign Employment Saving, Mahila Pewa Bachat Khata, Bal Shikshya Bachat Khata, Royal Gurkha Bachat and Pension Bachat and under its loan scheme the various sub schemes are Business/Industrial Term Loan, Deprive Loan, Overdraft Loan, Personal Loan, Social Loan, Hydro Power Loan, Foreign Employment Loan, Tourism Loan, Health Loan, Educational Loan, Agricultural Loan, Housing Loan, Hire Purchase Loan and Loan Against Fixed Deposit. It also provides microfinance services and other services such as Bank Guarantee, Overdraft Loan, 365 Days Banking Service, Evening Counter and other banking instruction.
The bank acquired Civic Development Bank Limited in 2015.
For further details, contact:
Muktinath Bikash Bank
Toll Free Number: 16600149999
Email: email@example.com, firstname.lastname@example.org