NBI and NIC Asia to launch financial literacy campaign

Kathmandu, Dec. 20: National Banking Institute (NBI) and  NIC Asia Bank Tuesday signed a Memorandum of Understanding (MoU) to jointly launch financial literacy campaign as part of banks Corporate Social Responsibility (CSR) initiative.

Chief executive officers of NBI and NIC Asia Sanjib Subba and Laxman Risal respectively signed the MoU. 

"The joint campaign seeks to dissemination of banking knowledge nationwide particularly in remote and semi-urban areas where bank has its presence," NBI said in a press statement.

The programme is developed by NBI with an aim at disseminating financial knowledge to general public ultimately leading to entrepreneurship.

According to NBI, the programme would focus on youths, students, marginalized community, remittance dependent family and women group.

"It is very strategic for a bank to use its CSR resources partly in financial literacy initiative as this will earn strong brand dividend for the bank and also will help support access to finance and financial inclusion with ultimately benefit the national economy," said Subba.

He said that the NBI had been working in the financial literacy areas since 2011 and had developed advanced kit for the purpose and organized training as well.

Risal said that as the next level of banking should be done on the knowledge base, internally and externally, financial literacy programmes will benefit the bank and the community at large equally.