NMB Opens 3 New Branches

August 29: NMB Bank has started operation of three new branches in Palpa, Bhairahawa and Damak. Chiranjibi Nepal, Governor of Nepal Rastra Bank (NRB) inaugurated the Palpa and Bhairahawa branches amid separate programs. Speaking on the occasion, Governor Nepal said that the Nepali banks needs to increase investment in agricultural sector of the country. “We are dependent on India for a smallest thing. Now the banks need to provide subsidised loans to farmers in order to support them to pursue commercial livestock and agricultural farming,” he added.

Meanwhile, Nanda Kishore Rathi, Director of the bank and Ramu Paudyal, NRB’s Regional Director inaugurated the Damak branch. With the addition of the three new branches, the bank now has 71 branches, 50 ATMs and seven extension counters.