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Nepal SBI Bank Ltd Completes 25 Years Of its Operations in Nepal

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The Nepal SBI Bank Ltd has completed 25 years of its operations in Nepal. As part of Silver Jubilee celebrations bank has rolled out number of new initiative.

Indian Ambassador to Nepal Manjeev Singh Puri and Chairman of the bank Sujit Kumar Varma inaugurated branch-less banking service in Kathmandu last evening.

The branch-less banking provides banking services to the target customers through a device without establishing physical branch.

It is a cheaper alternative to conventional branch based banking and will be very beneficial for the people living in far flung and geographically difficult areas.

The latest version of “PARI” a humanoid Robot was also unveiled. PARI is an interactive robot that can recognize human faces and assist them by responding to their queries.

Ambassador Puri congratulated Nepal SBI for its significant contribution for better life and healthier economy in Nepal. He said that bank has played an important role in strengthening bonds between India and Nepal.

The Nepal SBI Bank Ltd was established in 1993 as a subsidiary of State Bank of India with paid up capital of Rs.12 crore. Now it has become one of the leading bank in Nepal having Rs.805 crore paid up capital and over 8 lakh customers.

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