Nepal SBI Bank enters into agreement with ICFC Finance; customers of Finance company to receive range of non-fund based banking facilities from the bank

Nepal SBI Bank Ltd. and ICFC Finance Ltd. have entered into an agreement to provide non-fund-based banking facilities to the customers of ICFC Finance Ltd.

Under this agreement, ICFC Finance Ltd. customers will be able to avail Nepal SBI Bank Letters of Credit, Document against Payment (DAP), Document against Acceptance (DAA), Local Bank Guarantee, etc.

The agreement was exchanged between Md. Rizwan Alam, Deputy CEO & Chief Financial Officer of Nepal SBI Bank Ltd., and Mr. Amit Shrestha, Deputy CEO of ICFC Finance Ltd. in presence of senior officials of Nepal SBI Bank Ltd. and ICFC Finance Ltd.