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SIDDHARTHA’S PROFIT RS 315.3M BY Q3

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Kathmandu, May 26: The Siddhartha bank said it has earned an operating profit of Rs 315.3 million within the third quarters of the current fiscal.

The bank also collected Rs 19.43 billion deposits and invested loans worth Rs 16.84 billion during the same period, according to the bank’s general manager Sundar Kandel.

The bank has been providing banking services across the country through 30 branches. It plans to add 10 branches within the current fiscal.

The bank has also launched a 100-day deposit scheme to attract more depositors. Under the scheme, the depositors will get 11 percent deposits in their deposits above Rs 100,000. RSS

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