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Century Commercial Bank begins joint operation

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Centuary Bank joint operation inuguration

KATHMANDU — After acquiring ‘B’ class Alpine Development Bank Limited and ‘C’ class Seti Finance Limited, Century Commercial Bank Limited has started its joint operation from Monday.

Joint operation of the bank was inaugurated by Chiranjibi Nepal, governor of Nepal Rastra Bank (NRB), according to a statement issued by the bank.

The bank has acquired these two financial institutions to expand its capital to Rs 8 billion. The bank now had 85 branches across the country, which would soon be expanded to 100.

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NC leader Regmi passes away

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KATHMANDU— Nepali Congress leader Keshab Regmi, who contributed to restoring democracy in 1990, has passed away on Thursday night.

Regmi, who was suffering from respiratory problems for long, died at his residence in Gongabu in Kathmandu. Regmi, who also served as secretary of NC, Kaski, played an important role in establishing Nepal Students’ Union, the student wing of the NC.

He was also sent to jail five times for fighting to restore democracy. He is survived by two wives.

His last rites were conducted at Pashupati Aryaghat today itself. People from various walks of life and NC leaders attended his funeral rite.

On the occasion, NC President and former Prime Minister Sher Bahadur Deuba, senior leader Ram Chandra Paudel and General Secretary Dr Shashanka Koirala paid tribute to Regmi by draping his body in the party flag.

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