Siddhartha Bank, NBI sign MoU

October 31: Siddhartha Bank and National Banking Institute (NBI) signed a Memorandum of Understanding (MOU) on October 25 for strategic alliance whereby NBI would provide exclusively customized training programs to the bank for human capital development.

Under this agreement, Siddhartha Bank Ltd has committed Rs 5 million worth training investment during the fiscal year 2074-75 to NBI. Issuing a press statement, the bank said this partnership is expected to further leverage the strategic intervention towards the development of human capital of the bank.

The MOU was signed by Shambhu Nath Gautam, CEO of Siddhartha Bank Limited and Sanjib Subba, CEO of NBI.

“This alliance is expected to be instrumental in the capacity building process and bringing about positive transformation in the development of human capital in the industry,” reads the statement.

Currently, the bank said it is serving its customers with 77 branches, 3 extension counters with 103 ATMs, 70 branchless banking locations and more than 550 POS machines.