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Saptakoshi Devt Bank Adds Two Branches

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Saptakoshi Devt Bank Adds Two Branches
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May 8: Saptakoshi Development Bank has started two new branches. The bank opened the branches in Rangeli and Urlabari of Morang. The both branches were inaugurated by Chintamani Siwakoti, Deputy Governor of Nepal Rastra Bank on May 6.  

In the inauguration program, Siwakoti said that the central bank is encouraging banks and financial institutions (BFIs) to open branches in rural and sub-urban areas that are deprived from financial accessibility.

Meanwhile, Tara Nath Niraula, Chairman of the bank stated that the bank is seeking to invest in productive sector by collecting financial resources scattered among the rural population. With the additions, the number of branches of the bank has reached 10. 

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