NRB gave Letter of Intent to 3 new bank

Nepal Rastrya Bank has given three proposed commercial bank letter of Intent to open. These banks are Nepal Business Bank, People's Bank and Commerce and Trust Bank. Three other banks awaiting letter of intent are Century Bank Ltd, State Bank of Nepal.Nepal Business Bank will have an authorised capital of Rs 4 billion and a paid up capital of Rs 2.33 billion. There are 1228 promoters in this bank . As per the proposed investment, the People's Bank and Commerce and Trust Bank will have a paid up capital of Rs 2 billion.