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NMB Bank bags ‘Bank of the Year 2017’ award

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KATHMANDU — NMB Bank has received the ‘Bank of the Year-2017’ from the Financial Times.

“This award is dedicated with gratitude to our valued customers, shareholders, employees, regulatory bodies and well wishers who have consistently supported the Bank over the years,” NMB said in its statement.

NMB Bank Chairman Pawan Kumar Golyan and CEO Sunil KC accepted the award on behalf of the bank.

“The prestigious award reinforces NMB Bank as one of the top commercial banks in Nepal and is a testament to the remarkable growth trajectory that the bank has embarked on in the past few years”, the statement further reads.

The award —  which is provided on the basis of their ability to deliver returns to shareholders, bank’s financial performance, shareholders’ value, customers’ initiative among other parameters — is recognised as the industry standard for banking excellence globally.

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Drinking water shortage hits life at Yasok in Panchthar

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PACHTHAR — A shortage of drinking water at Yasok Bazar, the center of Kummayak Rural Municipality, has thrown the normal life of the locals out of gear.

The problem arose after the local market management committee removed water pipes installed in the bazaar area. Per household here was getting 50 liters of drinking water once in two days before this.

Water scarcity here is not a new occurrence at Yasok which normally remains dry, but the complete disruption in the supply of taps water has paralysed the life, according to local hotelier Keshab Thapa.

There is no natural or artificial water source nearby the area and locals are forced to dependent on the supply by the local government through tractors in a very limited quantity.

The rural municipality has started fetching water from the local Chhorunga stream and distributing it to the locals. Tractors are used to transport stream water to the area.

Earlier, the 650 households at Yasok were using drinking water supplied by the Yasok Deurali Drinking Water Project. Regular supply (once in two days) was too less to meet demand. There is a demand for some 250,000 liters of water at Yasok per day.

According to Yasok Market Management Consumers Committee secretary Mahendra Bahadur Khadka, water pipes were removed (without any alternative arrangements) in course of market management efforts and it will take some more days to restore them and water scarcity is to go for more few days

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