Nepal SBI Bank Ltd. and Pokhara Finance Ltd. have entered into an agreement to provide non-fund-based banking facilities to the customers of the latter.
Under
this agreement, customers of Pokhara Finance will be able to avail services
like Nepal SBI Bank Letters of Credit, Document against Payment (DAP), Document
against Acceptance (DAA), and Local Bank Guarantee.
The
agreement was exchanged between Md. Rizwan Alam, Deputy CEO and Chief Financial
Officer of Nepal SBI Bank and Rabi Chandra Gurung, CEO of Pokhara Finance in the
presence of senior officials of both the companies.
Published in The Rising Nepal daily on 5 October 2021.
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