Monday, September 21, 2009

International Development Bank Limited Starts Operation

Finance Minister Surendra Pandey on Sunday inaugurated International Development Bank Ltd (IDBL). The bank that has 514 promoters has targeted to increase paid up capital to over Rs 2 billion and upgraded to commercial bank with a total of 50 branches within five years. It has Rs 640 million issued capital and will float 30 per cent of the issue capital to public.

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