Biratnagar, June 11

Rastriya Banijya Bank (RBB), Inaruwa branch, has made Rs 200 million investments in different sectors during the first 10 month of the current fiscal year.

Assistant manager of the branch, Tarani Prasad Khatiwada said the bank has some Rs 900 million in deposits. He said the transaction of the bank is on the rise and 38,500 people have opened their accounts from the branch.

Meanwhile, the Rising Development Bank has issued initial public offering (IPO) of Rs 60 million from today, according to bank’s Chief Executive Officer, Chulraj Panta.

The bank’s total paid up capital is Rs 140 million and has made Rs 23 million net profit, Bank’s chairperson Govinda Prasad Joshi said.

Joshi said the bank is making its investments to small farmers and entrepreneurs. He said, "Especially our investment is more in agriculture and trade. We have not invested in large scale industries." The bank established in 2063 B.S has opened a dozen branches in Chitwan, Nawalparasi and Rupandehi. RSS