Mahalaxmi Bikas Bank Receives 1.5 Times More Applications for its 1 Arba worth Mahalaxmi Debenture 2089; to provide 11% yield each year for 10 years

Mahalaxmi Bikas Bank has sold out all its 11% Mahalaxmi Bank Debenture 2089 within the stipulated time on Baisakh 4, 2080.

The Rs 1 arba worth debenture was floated for both general investors and through private placement .ie. 40% and 60% of debentures respectively. The bank received 1.5 times more application than the units that were floated which shows the massive trust of the investors over bank’s brand, as per the media statement.

The development bank currently has 103 branches across the nation serving more than 7 lakh customers, as per the media statement.