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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">September 9: Banks have started reducing the number of branchless banking facilities in the recent days taking a U-turn from their policy to promote such service in the past.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Banks have stated difficulty in providing branchless service due to Covid-19 pandemic as the reason for reduction in number of branchless banking units.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Earlier, banks and financial institutions (BFIs) had been increasing the number branchless banking facilities to increase the access of people to the banking services. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">However, commercial banks have closed 12 branchless banking units in the last four months amid coronavirus crisis, informed Nepal Rastra Bank (NRB).</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The move to reduce the number of branchless banking units has been construed as a measure taken by banks to reduce their operating cost after the pandemic started taking toll on the banks’ profit.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">BFIs need to take permission from the central bank to open or close branches while there isn’t any requirement for such formalities in case of branchless banking service. Therefore, banks had been focusing on branchless banking service to provide their services at comparatively less cost. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">According to Nepal Rastra Bank, there were 586 branchless banking units as of mid-June, which has now shrunk to 574.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">September 9: Banks have started reducing the number of branchless banking facilities in the recent days taking a U-turn from their policy to promote such service in the past.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Banks have stated difficulty in providing branchless service due to Covid-19 pandemic as the reason for reduction in number of branchless banking units.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Earlier, banks and financial institutions (BFIs) had been increasing the number branchless banking facilities to increase the access of people to the banking services. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">However, commercial banks have closed 12 branchless banking units in the last four months amid coronavirus crisis, informed Nepal Rastra Bank (NRB).</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The move to reduce the number of branchless banking units has been construed as a measure taken by banks to reduce their operating cost after the pandemic started taking toll on the banks’ profit.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">BFIs need to take permission from the central bank to open or close branches while there isn’t any requirement for such formalities in case of branchless banking service. Therefore, banks had been focusing on branchless banking service to provide their services at comparatively less cost. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">According to Nepal Rastra Bank, there were 586 branchless banking units as of mid-June, which has now shrunk to 574.</span></span></span></span></p>
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
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Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
$user = $this->Session->read('Auth.User');
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">September 9: Banks have started reducing the number of branchless banking facilities in the recent days taking a U-turn from their policy to promote such service in the past.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Banks have stated difficulty in providing branchless service due to Covid-19 pandemic as the reason for reduction in number of branchless banking units.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Earlier, banks and financial institutions (BFIs) had been increasing the number branchless banking facilities to increase the access of people to the banking services. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">However, commercial banks have closed 12 branchless banking units in the last four months amid coronavirus crisis, informed Nepal Rastra Bank (NRB).</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The move to reduce the number of branchless banking units has been construed as a measure taken by banks to reduce their operating cost after the pandemic started taking toll on the banks’ profit.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">BFIs need to take permission from the central bank to open or close branches while there isn’t any requirement for such formalities in case of branchless banking service. Therefore, banks had been focusing on branchless banking service to provide their services at comparatively less cost. </span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">September 9: Banks have started reducing the number of branchless banking facilities in the recent days taking a U-turn from their policy to promote such service in the past.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Banks have stated difficulty in providing branchless service due to Covid-19 pandemic as the reason for reduction in number of branchless banking units.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Earlier, banks and financial institutions (BFIs) had been increasing the number branchless banking facilities to increase the access of people to the banking services. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">However, commercial banks have closed 12 branchless banking units in the last four months amid coronavirus crisis, informed Nepal Rastra Bank (NRB).</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The move to reduce the number of branchless banking units has been construed as a measure taken by banks to reduce their operating cost after the pandemic started taking toll on the banks’ profit.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">BFIs need to take permission from the central bank to open or close branches while there isn’t any requirement for such formalities in case of branchless banking service. Therefore, banks had been focusing on branchless banking service to provide their services at comparatively less cost. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">According to Nepal Rastra Bank, there were 586 branchless banking units as of mid-June, which has now shrunk to 574.</span></span></span></span></p>
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
//find the group of logged user
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'content' => '<p><em>A Point-of-Sales machine used to provide branchless banking service. Photo Courtesy: RBB</em></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">September 9: Banks have started reducing the number of branchless banking facilities in the recent days taking a U-turn from their policy to promote such service in the past.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Banks have stated difficulty in providing branchless service due to Covid-19 pandemic as the reason for reduction in number of branchless banking units.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Earlier, banks and financial institutions (BFIs) had been increasing the number branchless banking facilities to increase the access of people to the banking services. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">However, commercial banks have closed 12 branchless banking units in the last four months amid coronavirus crisis, informed Nepal Rastra Bank (NRB).</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The move to reduce the number of branchless banking units has been construed as a measure taken by banks to reduce their operating cost after the pandemic started taking toll on the banks’ profit.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">BFIs need to take permission from the central bank to open or close branches while there isn’t any requirement for such formalities in case of branchless banking service. Therefore, banks had been focusing on branchless banking service to provide their services at comparatively less cost. </span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">September 9: Banks have started reducing the number of branchless banking facilities in the recent days taking a U-turn from their policy to promote such service in the past.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Banks have stated difficulty in providing branchless service due to Covid-19 pandemic as the reason for reduction in number of branchless banking units.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Earlier, banks and financial institutions (BFIs) had been increasing the number branchless banking facilities to increase the access of people to the banking services. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">However, commercial banks have closed 12 branchless banking units in the last four months amid coronavirus crisis, informed Nepal Rastra Bank (NRB).</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The move to reduce the number of branchless banking units has been construed as a measure taken by banks to reduce their operating cost after the pandemic started taking toll on the banks’ profit.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">BFIs need to take permission from the central bank to open or close branches while there isn’t any requirement for such formalities in case of branchless banking service. Therefore, banks had been focusing on branchless banking service to provide their services at comparatively less cost. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">According to Nepal Rastra Bank, there were 586 branchless banking units as of mid-June, which has now shrunk to 574.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">September 9: Banks have started reducing the number of branchless banking facilities in the recent days taking a U-turn from their policy to promote such service in the past.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Banks have stated difficulty in providing branchless service due to Covid-19 pandemic as the reason for reduction in number of branchless banking units.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Earlier, banks and financial institutions (BFIs) had been increasing the number branchless banking facilities to increase the access of people to the banking services. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">However, commercial banks have closed 12 branchless banking units in the last four months amid coronavirus crisis, informed Nepal Rastra Bank (NRB).</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The move to reduce the number of branchless banking units has been construed as a measure taken by banks to reduce their operating cost after the pandemic started taking toll on the banks’ profit.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">BFIs need to take permission from the central bank to open or close branches while there isn’t any requirement for such formalities in case of branchless banking service. Therefore, banks had been focusing on branchless banking service to provide their services at comparatively less cost. </span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">September 9: Banks have started reducing the number of branchless banking facilities in the recent days taking a U-turn from their policy to promote such service in the past.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Banks have stated difficulty in providing branchless service due to Covid-19 pandemic as the reason for reduction in number of branchless banking units.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Earlier, banks and financial institutions (BFIs) had been increasing the number branchless banking facilities to increase the access of people to the banking services. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">However, commercial banks have closed 12 branchless banking units in the last four months amid coronavirus crisis, informed Nepal Rastra Bank (NRB).</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The move to reduce the number of branchless banking units has been construed as a measure taken by banks to reduce their operating cost after the pandemic started taking toll on the banks’ profit.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">BFIs need to take permission from the central bank to open or close branches while there isn’t any requirement for such formalities in case of branchless banking service. Therefore, banks had been focusing on branchless banking service to provide their services at comparatively less cost. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">According to Nepal Rastra Bank, there were 586 branchless banking units as of mid-June, which has now shrunk to 574.</span></span></span></span></p>
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A Point-of-Sales machine used to provide branchless banking service. Photo Courtesy: RBB
September 9: Banks have started reducing the number of branchless banking facilities in the recent days taking a U-turn from their policy to promote such service in the past.
Banks have stated difficulty in providing branchless service due to Covid-19 pandemic as the reason for reduction in number of branchless banking units.
Earlier, banks and financial institutions (BFIs) had been increasing the number branchless banking facilities to increase the access of people to the banking services.
However, commercial banks have closed 12 branchless banking units in the last four months amid coronavirus crisis, informed Nepal Rastra Bank (NRB).
The move to reduce the number of branchless banking units has been construed as a measure taken by banks to reduce their operating cost after the pandemic started taking toll on the banks’ profit.
BFIs need to take permission from the central bank to open or close branches while there isn’t any requirement for such formalities in case of branchless banking service. Therefore, banks had been focusing on branchless banking service to provide their services at comparatively less cost.
According to Nepal Rastra Bank, there were 586 branchless banking units as of mid-June, which has now shrunk to 574.
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">September 9: Banks have started reducing the number of branchless banking facilities in the recent days taking a U-turn from their policy to promote such service in the past.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Banks have stated difficulty in providing branchless service due to Covid-19 pandemic as the reason for reduction in number of branchless banking units.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Earlier, banks and financial institutions (BFIs) had been increasing the number branchless banking facilities to increase the access of people to the banking services. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">However, commercial banks have closed 12 branchless banking units in the last four months amid coronavirus crisis, informed Nepal Rastra Bank (NRB).</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The move to reduce the number of branchless banking units has been construed as a measure taken by banks to reduce their operating cost after the pandemic started taking toll on the banks’ profit.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">BFIs need to take permission from the central bank to open or close branches while there isn’t any requirement for such formalities in case of branchless banking service. Therefore, banks had been focusing on branchless banking service to provide their services at comparatively less cost. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">According to Nepal Rastra Bank, there were 586 branchless banking units as of mid-June, which has now shrunk to 574.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Banks have stated difficulty in providing branchless service due to Covid-19 pandemic as the reason for reduction in number of branchless banking units.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Earlier, banks and financial institutions (BFIs) had been increasing the number branchless banking facilities to increase the access of people to the banking services. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">However, commercial banks have closed 12 branchless banking units in the last four months amid coronavirus crisis, informed Nepal Rastra Bank (NRB).</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The move to reduce the number of branchless banking units has been construed as a measure taken by banks to reduce their operating cost after the pandemic started taking toll on the banks’ profit.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">BFIs need to take permission from the central bank to open or close branches while there isn’t any requirement for such formalities in case of branchless banking service. Therefore, banks had been focusing on branchless banking service to provide their services at comparatively less cost. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">According to Nepal Rastra Bank, there were 586 branchless banking units as of mid-June, which has now shrunk to 574.</span></span></span></span></p>
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include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">September 9: Banks have started reducing the number of branchless banking facilities in the recent days taking a U-turn from their policy to promote such service in the past.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Banks have stated difficulty in providing branchless service due to Covid-19 pandemic as the reason for reduction in number of branchless banking units.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Earlier, banks and financial institutions (BFIs) had been increasing the number branchless banking facilities to increase the access of people to the banking services. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">However, commercial banks have closed 12 branchless banking units in the last four months amid coronavirus crisis, informed Nepal Rastra Bank (NRB).</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The move to reduce the number of branchless banking units has been construed as a measure taken by banks to reduce their operating cost after the pandemic started taking toll on the banks’ profit.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">BFIs need to take permission from the central bank to open or close branches while there isn’t any requirement for such formalities in case of branchless banking service. Therefore, banks had been focusing on branchless banking service to provide their services at comparatively less cost. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">According to Nepal Rastra Bank, there were 586 branchless banking units as of mid-June, which has now shrunk to 574.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">September 9: Banks have started reducing the number of branchless banking facilities in the recent days taking a U-turn from their policy to promote such service in the past.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Banks have stated difficulty in providing branchless service due to Covid-19 pandemic as the reason for reduction in number of branchless banking units.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Earlier, banks and financial institutions (BFIs) had been increasing the number branchless banking facilities to increase the access of people to the banking services. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">However, commercial banks have closed 12 branchless banking units in the last four months amid coronavirus crisis, informed Nepal Rastra Bank (NRB).</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The move to reduce the number of branchless banking units has been construed as a measure taken by banks to reduce their operating cost after the pandemic started taking toll on the banks’ profit.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">BFIs need to take permission from the central bank to open or close branches while there isn’t any requirement for such formalities in case of branchless banking service. Therefore, banks had been focusing on branchless banking service to provide their services at comparatively less cost. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">According to Nepal Rastra Bank, there were 586 branchless banking units as of mid-June, which has now shrunk to 574.</span></span></span></span></p>
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">September 9: Banks have started reducing the number of branchless banking facilities in the recent days taking a U-turn from their policy to promote such service in the past.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Banks have stated difficulty in providing branchless service due to Covid-19 pandemic as the reason for reduction in number of branchless banking units.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Earlier, banks and financial institutions (BFIs) had been increasing the number branchless banking facilities to increase the access of people to the banking services. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">However, commercial banks have closed 12 branchless banking units in the last four months amid coronavirus crisis, informed Nepal Rastra Bank (NRB).</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The move to reduce the number of branchless banking units has been construed as a measure taken by banks to reduce their operating cost after the pandemic started taking toll on the banks’ profit.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">BFIs need to take permission from the central bank to open or close branches while there isn’t any requirement for such formalities in case of branchless banking service. Therefore, banks had been focusing on branchless banking service to provide their services at comparatively less cost. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">According to Nepal Rastra Bank, there were 586 branchless banking units as of mid-June, which has now shrunk to 574.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">September 9: Banks have started reducing the number of branchless banking facilities in the recent days taking a U-turn from their policy to promote such service in the past.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Banks have stated difficulty in providing branchless service due to Covid-19 pandemic as the reason for reduction in number of branchless banking units.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Earlier, banks and financial institutions (BFIs) had been increasing the number branchless banking facilities to increase the access of people to the banking services. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">However, commercial banks have closed 12 branchless banking units in the last four months amid coronavirus crisis, informed Nepal Rastra Bank (NRB).</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The move to reduce the number of branchless banking units has been construed as a measure taken by banks to reduce their operating cost after the pandemic started taking toll on the banks’ profit.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">BFIs need to take permission from the central bank to open or close branches while there isn’t any requirement for such formalities in case of branchless banking service. Therefore, banks had been focusing on branchless banking service to provide their services at comparatively less cost. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">According to Nepal Rastra Bank, there were 586 branchless banking units as of mid-June, which has now shrunk to 574.</span></span></span></span></p>
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include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
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'summary' => 'September 9: Banks have started reducing the number of branchless banking facilities in the recent days taking a U-turn to their policy of promoting such service in the past.',
'content' => '<p><em>A Point-of-Sales machine used to provide branchless banking service. Photo Courtesy: RBB</em></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">September 9: Banks have started reducing the number of branchless banking facilities in the recent days taking a U-turn from their policy to promote such service in the past.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Banks have stated difficulty in providing branchless service due to Covid-19 pandemic as the reason for reduction in number of branchless banking units.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Earlier, banks and financial institutions (BFIs) had been increasing the number branchless banking facilities to increase the access of people to the banking services. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">However, commercial banks have closed 12 branchless banking units in the last four months amid coronavirus crisis, informed Nepal Rastra Bank (NRB).</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The move to reduce the number of branchless banking units has been construed as a measure taken by banks to reduce their operating cost after the pandemic started taking toll on the banks’ profit.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">BFIs need to take permission from the central bank to open or close branches while there isn’t any requirement for such formalities in case of branchless banking service. Therefore, banks had been focusing on branchless banking service to provide their services at comparatively less cost. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">According to Nepal Rastra Bank, there were 586 branchless banking units as of mid-June, which has now shrunk to 574.</span></span></span></span></p>
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'title' => 'Banks Start Axing Branchless Banking Units ',
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'summary' => 'September 9: Banks have started reducing the number of branchless banking facilities in the recent days taking a U-turn to their policy of promoting such service in the past.',
'content' => '<p><em>A Point-of-Sales machine used to provide branchless banking service. Photo Courtesy: RBB</em></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">September 9: Banks have started reducing the number of branchless banking facilities in the recent days taking a U-turn from their policy to promote such service in the past.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Banks have stated difficulty in providing branchless service due to Covid-19 pandemic as the reason for reduction in number of branchless banking units.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Earlier, banks and financial institutions (BFIs) had been increasing the number branchless banking facilities to increase the access of people to the banking services. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">However, commercial banks have closed 12 branchless banking units in the last four months amid coronavirus crisis, informed Nepal Rastra Bank (NRB).</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The move to reduce the number of branchless banking units has been construed as a measure taken by banks to reduce their operating cost after the pandemic started taking toll on the banks’ profit.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">BFIs need to take permission from the central bank to open or close branches while there isn’t any requirement for such formalities in case of branchless banking service. Therefore, banks had been focusing on branchless banking service to provide their services at comparatively less cost. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">According to Nepal Rastra Bank, there were 586 branchless banking units as of mid-June, which has now shrunk to 574.</span></span></span></span></p>
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
