Agricultural Development Bank marks 56th anniversary

KATHMANDU: Agricultural Development Bank Ltd (ADBL) organised various programmes on the occasion of the 56th anniversary, on Saturday. At a programme organised in the capital, Deputy Prime Minister and Finance Minister, Bishnu Prasad Paudel, said ADBL should become the leading bank for the agriculture sector. He said, "Investment in agro sector has started decreasing and investment in other commercial sector is increasing in recent years. We want to see the Agricultural Development Bank as the leading bank for the agro sector." Finance Minister Paudel clarified that the bank administration should take appropriate decisions on the service and facilities of employees as per the financial capability and situation of the bank. "Responsibility of Chief Executive Officer of the bank will be given to the one having the professional capability, and the bank will be taken ahead as a competitive bank. The government will support and coordinate in all ways possible for the same", he shared. On the occasion, Nepal Rastra Bank Governor Maha Prasad Adhikari also said that the bank should focus on investing in the agriculture sector. Not only targeted investment in the agro sector but also an institution that provides training in this sector is also needed, and for this, the bank should take the lead. The Agricultural Development Bank received a licence as a commercial bank from the Nepal Rastra Bank in 2062 BS, where 51% of the shares are held by the government and 49% by the general public. (With inputs from RSS) READ ALSO:

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