Kamana Sewa Bikas Bank and CDSC have achieved an agreement regarding deposit membership.
The bank and CDSC have struck an agreement on deposit membership. As a depository member, the bank has announced that it will extend services to the general public as soon as practicable.
During a function at the CDSC office, the agreement was signed jointly by Chief Executive Officer Pravin Basnet on behalf of the bank and Chief Executive Officer Purna Prasad Archay on behalf of the CDSC.
CDSC has currently granted deposit membership to 78 institutions. The bank intends to start the depository member activities soon.
As of mid-Ashad (July) of the previous fiscal year, the bank had earned a net profit of Rs. 702.4 million. The bank’s earnings climbed by 484.90 percent as compared to the same time in the previous fiscal year. In the previous fiscal year, the bank achieved a profit of Rs. 119.719 million during the same time.
Through 128 branches, one extended counter, and 70 ATMs, the bank has been delivering services to consumers via digital media such as social media banking, internet banking, mobile banking, and SMS banking.