Kumari Bank introduces “Kumari Big Savings Khata - a flat 10% interest per annum Savings account. At this point in time, we are the only bank offering a double digit rate of interest at the minimum balance requirement of NPR 50,000 only for a Savings product. With the arrival of this new KBL product, customers need not block their money in Fixed Deposit and can rather enjoy the high rate of interest in the Savings product itself. Kumari BIG Savings can be open for a limited time only (till August 17, 2010). Even in the past, to cater to the needs of the masses, Kumari bank has introduced various innovative Savings products like Subha Laxmi- for women; Twinkle Star – for children, 50 plus - for elderly etc. With this new Savings product, Kumari bank intends to give maximum returns on customers’ savings.

In comparison to the first nine month of last fiscal year, Kumari bank in the same period of this fiscal year has been able to increase its Net Profit by 27.66%.

Similarly, the bank has been able to decrease its Non Performing Loans from 0.82% to 0.64% and its Capital Adequacy Ratio is at 12.67 %.

At present, Kumari bank has Service Network of 21 branches and 22 ATM across Nepal. As per its plan of opening 12 new branches this fiscal year, the bank has already opened 5 branches and would be opening 7 more branches outside Kathmandu valley within this fiscal year.


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