Nepal SBI Bank relocates its Durbarmarg Branch in Kaiser Mahal
Nepal SBI Bank Ltd. has relocated its Main Branch (Durbarmarg Branch) from its existing site at Durbarmarg to Kathmandu Metropolitan City Ward No. 29, Kiser Mahal (Opposite to the Department of Passport located at the west gate of Narayanhiti palace Museum).
Ms. Hasana Sharma, Chairperson of the Board of Directors and Directors duo Mr. Siddhartha Sengupta, Deputy Managing Director and Mr. Sujit Kumar Verma, Chief General Manager of lnternational Banking Group of State Bank of lndia inaugurated the Branch amid a ceremony on Tuesday.
As per the press release, the branch will provide complete Banking Services to the customers from its relocated site. The clearing and credit related services, however, will be provided from the existing site till further notice due to imperatives involved in completion of the requisite infrastructures at the new site.
Nepal SBI Bank Ltd. is the first lndo-Nepal joint-venture bank promoted by State Bank of lndia and Employees Provident Fund (EpF).
The Bank is rendering its services through 67 business outlets (including 3 Regional offices once each in Biratnagar, Nepalgunj and Kathmandu) and 677 dedicated team of staff. The Bank has totat 78 ATMs in different parts of the country.
Bank's Performance lndicators (As on Ashad End 2072 B.S.):
- Total Deposit: Rs.S,162.82 crores .
- Totai Loans and Advances: Rs.4,047.1 8 crores
- Net Profit: Rs.106.54 crores .
- Operating Profit (before Loan Loss provision): Rs.174.69 crores .
- Capital Fund to Risk Weighted Assets (RWA): 14.03% .
- Non Performing Loans (NpL) to Total Loans: O.1g % .
- Number of Accounts (Deposit & Advances)' 568956
