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    Nepal Breaking NewsBusinessKamana Sewa Bikas Bank and CDSC have signed a Memorandum of Understanding

    Kamana Sewa Bikas Bank and CDSC have signed a Memorandum of Understanding

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    Kamana Sewa Bikas and CDSC have achieved an regarding deposit membership.

    The and CDSC have struck an on deposit membership. As a depository member, the bank has announced that it will extend services to the general public as soon as practicable.

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    During a function at the CDSC office, the agreement was signed jointly by Chief Executive Officer Pravin Basnet on behalf of the and Chief Executive Officer Purna Prasad Archay on behalf of the CDSC.

    CDSC has currently granted deposit membership to 78 institutions. The intends to start the depository member activities soon.

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    As of mid-Ashad (July) of the previous fiscal year, the had earned a net profit of Rs. 702.4 million. The bankR7;s earnings climbed by 484.90 percent as compared to the same time in the previous fiscal year. In the previous fiscal year, the achieved a profit of Rs. 119.719 million during the same time.

    Through 128 branches, one extended counter, and 70 ATMs, the has been delivering services to consumers via digital media such as social media banking, internet banking, mobile banking, and SMS banking.

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