Mahalaxmi Development Bank, known for providing advanced, secure, and convenient banking services, has been honored with a prestigious award by the Indian Chamber of Commerce, Kolkata, India. The bank received the award in the category of “Asset Quality”.
The recognition was presented at the 3rd Emerging Asia Banking Conclave & Awards held in New Delhi on August 29, 2025. The event, considered one of the most esteemed banking conclaves in the BIMSTEC region, featured participation from leading banks of India, Sri Lanka, Nepal, Myanmar, and Bangladesh.
Mahalaxmi Development Bank earned this award for its remarkable work in asset structuring, effective asset utilization, and improving asset quality. The bank believes that this recognition will help strengthen its international reputation and visibility.
Recently, Mahalaxmi Development Bank also signed a cross-border financial services agreement with India’s leading financial institution HDFC Bank. Under this agreement, the bank has introduced a system enabling customers to make payments from India to Nepal seamlessly, further enhancing its cross-border banking capabilities.
This achievement underscores Mahalaxmi Development Bank’s commitment to excellence, customer-focused innovation, and international collaboration in the banking sector.
