Kathmandu, Aug 29
Nepal SBI Bank Limited has agreed to provide
non-fund-based banking facilities to the customers of ICFC Finance Limited.
Under this agreement, customers of the ICFC Finance
will be able to avail Nepal SBI services like Letters of Credit, Document
against Payment (DAP), Document against Acceptance (DAA), and Local Bank
Guarantee.
Nepal SBI is a class ‘A’ commercial bank and ICFC a
class ‘D’ finance company.
The agreement was signed by Deputy CEO and Chief
Financial Officer of Nepal SBI Bank Md. Rizwan Alam, and Deputy CEO of ICFC
Finance Amit Shrestha.
Published in The Rising Nepal daily on 30 August 2021.
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