Mahalaxmi Finance into 17th Year

Mahalaxmi Finance entered into the sixteenth year of operation on Wednesday. The finance company has plans of distributing 7.75 per cent dividend of its net profit. The decision has to be endorsed by the company's annual general meeting. The company was able to collect Rs 2 billion as deposits and floated loans worth Rs 2.17 billion till the mid-November. The company with its branches at Birgunj, Kalaiya, Narayanghat, Kathmandu, Hetauda and Malangawa provides modern banking services including any branch banking.

Source:
tht