CHITWAN: The Rising Development Bank has issued initial public offering (IPO) of Rs 60 million from today, according to bank's Chief Executive Officer, Chulraj Panta.
The bank's total paid up capital is Rs 140 million and has made Rs 23 million net profit, Bank's chairperson Govinda Prasad Joshi said.
Joshi said the bank is making its investments to small farmers and entrepreneurs. He said, "Especially our investment is more in agriculture and trade. We have not invested in large scale industries." The bank established in 2063 B.S has opened a dozen branches in Chitwan, Nawalparasi and Rupandehi.