Laxmi Bank's 17th Branch

Laxmi Bank Limited has opened its 17th branch in Bhairahawa. “It marks the beginning of the bank’s branch expansion in the western part of the country,” said a bank statement. The branch will offer full range of banking services ranging from personal banking solutions such as innovative savings schemes, home loans, life insurance, credit cards, bill payment services, e-banking services, loans to small businesses and large corporate. The bank reported earnings of Rs 165 million — an increase of 36 per cent — in the first quarter of this fiscal year compared to the same period the previous year. With an asset base of over Rs 15 billion, it has the best quality loan portfolio with non-performing loans of 0.10 per cent.